Global Insulin Delivery Devices Market is expected to rise from its initial estimated value of USD 10.7 billion in 2018 to an estimated value of USD 21.7 billion by 2026, registering a CAGR of 9.2% in the forecast period of 2019-2026. The increase in diabetic population drives the rise in the market.
Key Market Competitors: Global Insulin Delivery Devices Market
Few of the major competitors currently working in the global insulin delivery devices market are BD, Medtronic, Ypsomed, Novo Nordisk India Pvt Ltd, Beta Bionics, Owen Mumford Ltd., Sanofi, Tandem Diabetes Care, Inc., Copernicus, Dance Biopharm Holdings Inc., Insulet Corporation, Biocon, Eli Lilly, West Pharmaceutical Services, Inc., F. Hoffmann-La Roche Ltd, Debiotech S.A, InsuJet, SHL Group, SOOIL Developments Co., Ltd and Company and few among others
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Insulin is considered to be an important part of the treatment plan for all people who have Type 1 and Type 2 diabetes Insulin delivery device is injected into the fatty tissues under the skin with the help of syringes, insulin pens, insulin pumps and jet injectors. It’s important to select the best device with help of diabetes care team; every device has different functionality. Increasing number of diabetic patient is the growing factor of this industry.
Competitive Analysis: Global Insulin Delivery Devices Market
Global insulin delivery devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of insulin delivery devices market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Segmentation: Global Insulin Delivery Devices Market
- By Product Type (Insulin Syringes, Insulin Pens (Reusable, Disposable)
- By Insulin Pumps (External/Tethered, Patch)
- By Pen Needles (Standard, Safety), Insulin Syringes, Insulin Injectors)
- By End User (Homecare, Hospitals, Clinics, Others)
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
- Increasing diabetic population is acting as a restraint for the market.
- More of technological advancement
- Favorable reimbursement scenario
- Rising awareness about the product
- High cost of advanced devices.
- Complicated software’s.
- Unskilled professionals for handling advanced devices.
Reasons to Purchase this Report
- Current and future of global insulin delivery devices market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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