Report Sellers has added a new market research report “Smart Insulin Pens – Global Market Outlook (2017-23)” to its offerings.
According to Report, the Global Smart Insulin Pens Market is accounted for $58 million in 2016 and expected to grow at a CAGR of 12.2% to reach $130 million by 2023. Factors influencing the market growth are concerns for continuous glucose monitoring, introducing devices with smart connectivity and increasing diabetic patient pool. In addition, demand for personalized or patient centric devices and preventing the needle stick injury provide opportunity for the market. However, blood sugar control is the most challenging aspect as well as security concern and high costs of smart pens are restraining the market growth.
Based on type, Bluetooth connected smart insulin pens logs injected insulin doses directly to the patients digital blood glucose through the Bluetooth wireless interface. The software records each dose accurately and transfers readings into MRAM, and waits for activation of the Bluetooth Smart radio. If, the insulin delivery data doesnt transfer to the phone then, its stored in the pen, gets ready for the next attempt as soon as the capacitor is recharged. Bluetooth Smart SoC is a unique and effective concept for insulin delivery pens. The pen has combination with other electronic tools, which can lead to glucose control accessible and affordable, which in turn assists in reducing complications and helps patients lead longer lives. BULE (or Bluetooth Smart) technology provides secure 128 bit encrypted data transfer capabilities.
North America dominated the smart insulin pens market owing to high persistence of obsolete syringe technology and rising prevalence of diabetes. However, Asia Pacific is the fastest growing market due to increase in prevalence with age and provides new treatment opportunities.
Some of the key players in the Global Smart Insulin Pens market are Companion Medical Inc, Digital Medics Ptd Ltd, Eli Lilly and Company, Novo Nordisk A/S, DIAMESCO, Roche, Insulet, Cardiocomm Solutions, BioSampling, Megasan Medical, Emperra GmbH E-Health Technologies, Nipro, Jiangsu Delfu medical device Co.,Ltd and Sanofi Diabetes.
Browse through the complete description and in-depth TOC on “Global Smart Insulin Pens Market”
What does the Report Offers
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Global Smart Insulin Pens Market has been segmented by usabilities covered,
indications covered,types covered,distribution channels covered,fabrications covered,technologies covered and regions covered
Diabetes Type I
Diabetes Type II
Second Generation Pens
o USB connected pens
o Bluetooth-enabled pens
First Generation Pens
Distribution Channels Covered:
Ambulatory Surgical Centers
Home Care Settings
Hospitals & Clinics
Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
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