The Global Insulin Delivery Devices Market accounted to USD 11.0 billion in 2016 growing at a CAGR of 8.8% during the forecast period of 2017 to 2024.
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Global Insulin Delivery Devices Market, By Product Type (Insulin Syringes, Insulin Pens(Reusable, Disposable), Insulin Pumps (External/Tethered, Patch), Pen Needles (Standard, Safety), Insulin Syringes, Insulin Injectors), By End User (Homecare, Hospitals, Clinics, Others), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
The insulin delivery devices are the devices that are used for delivering insulin. There are numerous types of devices which are used for delivering insulin such as syringes, pens, jet injectors, insulin pumps among others.
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Major Market Drivers and Restraints:
- Increasing number of diabetics patients
- Growing prevalence of obesity leading to diabetes
- Portability of insulin pumps and easy use
- Technological advancements in the insulin devices
By product type the insulin delivery devices market is segmented into insulin syringes, insulin pens, insulin pumps, pen needles, insulin syringes and insulin injectors. Insulin pens are further segmented into reusable and disposable.
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On the basis of End User the market is segmented into homecare, hospitals, clinics and others.
Based on geography, the market is segmented into five geographical regions:
- North America
- South America
- Middle East and Africa(MEA)
Global Insulin Delivery Devices Market Is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Some Of The Major Players Operating In Insulin Delivery Devices Market Are
- Novo Nordisk A/S
- Ypsomed Holding AG
- Animas Corporation
- Tandem Diabetes Care, Inc
- Medtronic plc,
- Sanofi, Biocon Ltd
- Eli Lilly and Company
- Insulet Corporation
- Abbott Laboratories
- F. Hoffmann-La Roche Ltd
- B. Braun Melsungen AG
Demand Side Primary Contributors: Doctors, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
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