Global Lancet And Pen Needles Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Insulin , Capillary Blood Sampling, Hormones , Glucose Like Peptide and Skin Testing

By Length;

4mm, 5mm, 6mm, 8mm, 10mm and 12mm

By Gauge;

17/18G, 21G, 23G, 25G, 28G and 30G

By End User;

Hospitals & Clinics, Diagnostic Centers & Medical Institutions, Home Care & Home Diagnostics, and Research & Academic Laboratories

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn414394622 Published Date: May, 2025 Updated Date: June, 2025

Lancet And Pen Needles Market Overview

Lancet And Pen Needles Market (USD Million)

Lancet And Pen Needles Market was valued at USD 6,805.23 million in the year 2024. The size of this market is expected to increase to USD 11,968.72 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.4%.


Global Lancet And Pen Needles Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 8.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)8.4 %
Market Size (2024)USD 6,805.23 Million
Market Size (2031)USD 11,968.72 Million
Market ConcentrationMedium
Report Pages308
6,805.23
2024
11,968.72
2031

Major Players

  • B. Braun Melsungen AG
  • Terumo Corporation
  • Becton Dickinson
  • Sanofi
  • F. Hoffmann-La Roche AG
  • Bayer AG
  • Novo Nordisk A S
  • Eli Lilly And Company

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Lancet And Pen Needles Market

Fragmented - Highly competitive market without dominant players


The lancet and pen needles market is witnessing consistent growth, largely driven by the increasing burden of diabetes and chronic health conditions that necessitate regular blood sugar checks and insulin delivery. With nearly 10% of adults affected by diabetes worldwide, there is a significant demand for convenient and patient-friendly tools that support self-monitoring and home-based care. Lancets and pen needles have become essential instruments in daily disease management routines.

Shift Toward Comfort-Oriented Devices
Patient preference is clearly leaning toward minimally invasive solutions that enhance comfort and ease of use. Approximately 65% of users now favor ultra-fine, shorter needles, which offer a less painful injection experience. Manufacturers are responding by developing advanced devices with precision tips and smooth penetration technologies, helping to improve adherence and reduce needle anxiety.

Innovative Product Developments Enhancing Usability
The market is benefiting from continuous technological innovations, with around 50% of new devices incorporating features like safety mechanisms, automatic retraction, and broad compatibility with various insulin pens. These enhancements not only ensure accurate medication delivery but also improve overall user experience, especially for elderly patients and those managing long-term care at home.

Focus on Hygiene and Infection Control
Safety and hygiene standards are becoming increasingly vital in consumer choices. More than 70% of users now prioritize products with disposable, sterilized components and secure packaging to prevent contamination. Healthcare professionals are also promoting safe needle disposal practices, reinforcing the importance of infection control in chronic disease care environments.

Supportive Healthcare Policies Fueling Growth
Policy frameworks and healthcare investments are playing a pivotal role in expanding the reach of lancet and pen needle solutions. Over 60% of structured chronic care programs now incorporate self-injection and blood glucose monitoring tools as core elements. Backed by favorable reimbursement policies and increased awareness initiatives, the market is positioned for continued growth in both clinical and personal care settings.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Length
    3. Market Snapshot, By Gauge
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Lancet And Pen Needles Market Dynamics
    1. Drivers, Restraints and OpportunitiesPEST Analysis
      1. Drivers
        1. Rising prevalence of diabetes worldwide
        2. Increasing demand for self-monitoring devices
        3. Technological advancements in needle safety features
        4. Growing elderly population requiring insulin delivery
      2. Restraints
        1. High cost of advanced needle systems
        2. Risk of needle-stick injuries and infections
        3. Limited access in underdeveloped healthcare settings
        4. Environmental concerns over single-use products
      3. Opportunities
        1. Development of eco-friendly needle alternatives
        2. Expansion of home healthcare services
        3. Emerging markets adopting self-injection devices
        4. Innovations in painless needle technologies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Lancet And Pen Needles Market, By Type, 2021 - 2031 (USD Million)
      1. Insulin
      2. Capillary Blood Sampling
      3. Hormones
      4. Glucose Like Peptide
      5. Skin Testing
    2. Lancet And Pen Needles Market, By Length, 2021 - 2031 (USD Million)
      1. 4mm
      2. 5mm
      3. 6mm
      4. 8mm
      5. 10mm
      6. 12mm
    3. Lancet And Pen Needles Market, By Gauge, 2021 - 2031 (USD Million)
      1. 17/18G
      2. 21G
      3. 23G
      4. 25G
      5. 28G
      6. 30G
    4. Lancet And Pen Needles Market, By End User, 2021 - 2031 (USD Million)

      1. Hospitals & Clinics

      2. Diagnostic Centers & Medical Institutions

      3. Home Care & Home Diagnostics

      4. Research & Academic Laboratories

    5. Lancet And Pen Needles Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Terumo Corporation
      2. Beacon Dickinson
      3. Sanofi
      4. F. Hoffmann-LaRoche
      5. Bayer A.G.
      6. Novo Nordisk A.S.
      7. Eli Lily and Company
      8. Owen Mumford LTD
      9. Medtronic
      10. Greiner Bio-one
      11. Abbott Laboratories
      12. HTL-Strefa SA
  7. Analyst Views
  8. Future Outlook of the Market