The ‘Diabetes Insulin Delivery Pens Market’ research report delivers a comprehensive analysis on the newest market drivers. The report also offers extracts regarding statistics, market valuation and revenue estimates, which further strengthens its status in the competitive spectrum and growth trends embraced by leading manufacturers in the business.
Global Diabetes Insulin Delivery Pens Market is valued at USD 3868.4 Million in 2018 and expected to reach USD 6847.6 Million by 2025 with the CAGR of 8.50% over the forecast period. - Rising awareness about advanced insulin delivery devices among diabetic patients will augment the demand for diabetes insulin delivering pens.
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Market Analysis of Global Diabetes Insulin Delivery Pens-
Insulin pens are gaining popularity and many people with diabetes nowadays use a pen to administer insulin. This pen allows more simple, accurate, and convenient delivery than using a viral and syringe. Insulin pen is defined as a type of insulin injection device which is somewhat larger in size than the pen, insulin refill in the pen. Insulin pen is easy to carry and can conveniently be fit with specific refill filled with insulin. It also avoids the patient from the cumbersome procedure of extraction with a syringe from the insulin bottle, thereby, reduces embarrassment in public and supplies convenience for poor vision and even blindness sufferers. Diabetes is a significant health condition that is rapidly growing among the world population; therefore, the adoption of smart insulin pens is necessary for safe and effective control of insulin to people who have diabetes.
Key Players -
Global Diabetes Insulin Delivery Pens market report covers prominent players like Sanofi, Eli Lilly, Bigfoot Biomedical, Medtronic, Novo Nordisk, Insulet Corporation, Becton, Dickinson and Company (BD), Roche, Ypsomed, Wockhardt, B. Braun and others.
The regions covered in this diabetes insulin delivery pens market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of diabetes insulin delivery pens is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
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Reusable Insulin Pens, Disposable Insulin Pens
Hospital & Clinic, Retail Pharmacy, Online Sales
Hospitals & Clinics, Ambulatory Surgical Centers, Home Care Settings
Increasing obese population is a major factor responsible for the growth of the insulin delivery pens market. Obesity leads to a high risk of medical conditions such as hypertension, type 2 diabetes, and cardiovascular problems. Countries across the globe are witnessing a sharp increase in the number of people with obesity, which, in turn, is resulting in increased prevalence of diabetes, further increase the demand of insulin infusion devices for its management. According to the World Health Organization (WHO), around 2.8 million people die every year as a result of obesity or being overweight, and approximately 44% of the diabetes cases reported globally is due to obesity or excess weight. Additionally, the advanced methods for insulin delivery include minimum invasiveness in an enhanced manner; reducing patient’s burden will positively affect the market growth over the forecast period. However, high cost of insulin delivery devices and lack of insurance coverage in developing countries may hamper the market expansion in the near future.
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