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Insulin Delivery Devices Market Growth, Size, Share, Trends Analysis, Opportunities and Global Forecast Report, 2020-2027 – X herald

Insulin Delivery Devices Market:

The GMI Research forecasts that the insulin delivery devices market is witnessing an upsurge in demand during the forecast period. This is mainly due to the increasing number of diabetic patients and the rapidly growing demand for advanced insulin devices.

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Insulin Delivery Devices Market’s leading Manufacturers:

  • Abbott Laboratories
  • Ypsomad Holding AG
  • Hoffmann-La Roche Ltd
  • Terumo Corporation
  • Insulet Corporation
  • Medtronic
  • Animas Corporation
  • Becton
  • Dickinson and Company
  • Dexcom, Inc.
  • Sanofi

Insulin Delivery Devices Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

As per GMI Research’s latest report, the global insulin delivery devices market is projected to be at USD XX million in 2017 and is expected to reach USD XX million by 2025, increasing at a CAGR of 5.4% during 2018–2025.

The global insulin delivery devices market is projected to experience strong demand over the coming years due to the increasing number of diabetic patients. As per the Centers for Disease Control and Prevention (CDC), about 29.1 million people in the U.S. have diabetes, and around 4.6 – 9.2% of pregnant women are influenced by gestational diabetes.

Major players are focusing on creating technological advancement in the insulin delivery systems to gain a competitive edge over the other leading manufactures. For instance, a multinational pharmaceutical company named Novo Nordisk introduced their first insulin pen called as NovoPen Echo in the U.S. market. With the growing penetration of the internet, consumers are becoming more aware associated with the multiple delivery devices available in the market. The insulin pen offers various benefits like a longer lifespan, improved efficiency, and dosing accuracy, especially at lesser doses.

The primary driver for the increasing number of diabetes incidences is a fundamental change in the lifestyle pattern of the consumers. Moreover, patients currently prefer insulin pens and syringes compared to the traditional insulin devices driven by their easy availability, high cost-effectiveness, and various refining policies for compensation. The rapidly growing demand for advanced insulin devices is another factor that will have a positive influence on the market’s demand. With the emergence of the COVID-19 pandemic, the global market growth for insulin delivery devices was still stable. The government of numerous regions has declared lockdown and the temporary shutdown of sectors, the diabetes patients, are widely opting for self-monitoring and insulin delivery at their home through the utilization of advanced insulin devices including syringes and insulin pens.

Insulin Delivery Devices Market Segmentation:

Segmentation by Product Type:

  • Insulin Pens
    • Reusable Insulin Pens
    • Disposable Insulin Pens
  • Insulin Pumps
    • External/Tethered Pumps
    • Patch Pumps
  • Pen Needles
    • Standard Pen Needles
    • Safety Pen Needles
  • Insulin Syringes
  • Others

Segmentation by End-User:

  • Patients/Homecare
  • Hospitals & Clinics

Segmentation by Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland

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