There are a number of devices that can be used to deliver insulin, including syringes, insulin pens, jet injectors, and insulin pumps. No single device or type of device works well for everyone. The decision of which to use may be based on a person’s insulin regimen, ability to manipulate or operate a particular device, visual ability, insurance coverage or ability to afford a particular device and related supplies, occupation, and daily schedule or leisure-time activities. Discussing your needs and preferences with your diabetes care team is the best way to pick the device that will work well for you and get the training you need to use it correctly.
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. The Insulin Delivery Devices Market report also carries in-depth case studies on the various countries which are actively involved in the Industry.
Global Insulin Delivery Devices Market is expected to rise from its initial estimated value of USD 10.7 billion to an estimated value of USD 21.7 billion by 2026, registering a CAGR of 9.2% in the forecast to 2026. The increase in diabetic population drives the rise in the market.
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Key Market Competitors: Insulin Delivery Devices Market
Ypsomed, Novo Nordisk India, Beta Bionics, Owen Mumford, Sanofi, Ypsomed, Owen Mumford, Sanofi, Novo Nordisk India, Beta Bionics, Tandem Diabetes Care, Dance Biopharm Holdings, Insulet Corporation, Biocon, Eli Lilly, West Pharmaceutical Services, F. Hoffmann-La Roche, Tandem Diabetes Care, Debiotech S.A, InsuJet, SHL Group, BD, Medtronic, Copernicus, SOOIL Developments and Company and few among others
The Insulin Delivery Devices Market report endows with a better solution for refining the business strategies to thrive in this competitive market place. This market report deals with the market research of the industry by considering several parameters that are affecting the business growth. By maintaining quality and transparency strictly, research studies are carried out which offers an outstanding market research report for your niche. The market research report is a wide-ranging and object-oriented which is framed after the combination of an admirable industry experience, talent solutions, industry insight and most modern tools and technology.
- High cost of advanced devices.
- Complicated software’s.
- Unskilled professionals for handling advanced devices.
- Increasing diabetic population is acting as a restraint for the market.
- More of technological advancement
- Favorable reimbursement scenario
- Rising awareness about the product
Segmentation: Insulin Delivery Devices Market
- By Product
- Reusable Insulin Pens
- Disposable Insulin Pens
- External/Tethered Pumps
- Patch Pumps
- Tubed pumps
- Tubeless pumps
- Pen Needles
- Standard Pen Needles
- Safety Pen Needles
- Insulin Syringes
- By End- User
- Home Care
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
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.
Key Developments in the Market:
- In February 2019, FDA provides approvals for two new devices which are designed to improve automated insulin delivery. The Tandem Diabetes Care introduced new product Slim X2 insulin pump which is first interoperable pump approved for children and adults.
- In February 2019, MIT-led research team announces the launch of newly developed drug capsule which can replace injection required for type 1 diabetes. The capsule is made of small needle from compressed insulin.
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)