Insulin Delivery Devices Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025– Increasing geriatric population is the key factor driving the growth of Global Insulin Delivery Devices Market.
Global Insulin Delivery Devices Market is valued at USD 11683.2 Million in 2018 and expected to reach USD 19007.5 Million by 2025 with a CAGR of 7.2% over the forecast period.
Scope of Insulin Delivery Devices Market Report–
Insulin is a necessary part of the treatment plan for all people with Type 1 diabetes and many with Type 2. Insulin helps get glucose from the bloodstream into the muscle and fat cells to be used for fuel. It cannot be taken as a pill or a swallowed liquid, because it would be broken down by the digestive system before it reached the bloodstream, where insulin does its work. Thus, insulin is injected or infused into the fatty tissue under the skin. Insulin therapy is used for treatment of people with type 1 diabetes in order to avoid complications arising from hyperglycemia. Insulin is regulated, mainly by subcutaneous insulin injections like vials and syringes, insulin pens, and insulin pumps. In addition to this, various other physiological minimally invasive or noninvasive ways for delivering insulin are oral, buccal, nasal, peritoneal and transdermal.
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Insulin delivery devices market report is segmented on the basis of type, distribution channel, end-user and region & country level. Based upon type, global insulin delivery devices market is segmented into insulin syringe, insulin pens, insulin jet injectors, insulin pumps, insulin needles and insulin inhalers. On the basis of distribution channel, market is segmented into hospital pharmacies, retail pharmacies and online pharmacies. Based on end-user, global insulin delivery devices market is segmented into hospital, clinic, ambulatory care centers and home care.
The regions covered in this Insulin Delivery Devices Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Insulin Delivery Devices is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Players for Insulin Delivery Devices Market Report–
Some major key players for Insulin Delivery Devices Market are Medtronic plc, Eli Lilly and Company, Becton, Dickinson and Company, Tandem Diabetes Care Inc., Ypsomed Holding AG, F. Hoffmann-La Roche Ltd., Animas Corporation, Novo Nordisk A/S, B. Braun Melsungen AG, Insulet Corporation and others.
Medtronic Introduced Envision Pro Continuous Glucose Monitoring (CGM) System in Europe.
On September 17th, 2019- Medtronic plc, the global leader in medical technology, services and solutions, announced the Envision Pro Continuous Glucose Monitoring (CGM) system, a fully disposable, zero calibration professional CGM system has obtained CE (Conformité Européenne) Mark approval. Medtronic will begin commercial release in Europe and the Middle East this fall, subject to local regulatory requirements. This new technology will empower healthcare professionals and their patients with either type 1 or type 2 diabetes to see accurate glucose levels and trends over time to develop more optimal diabetes therapy plans.
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Insulin Delivery Devices Market Dynamics–
The major factors driving the growth of global insulin device delivery market are the increasing prevalence of diabetes, rising geriatric population, an increase in stoutness, propagation of diabetes management awareness and government propulsion. According to World Health Organization (WHO), the number of people with diabetes are increased from 108 million in 1980 to 422 million in 2014. The global prevalence of diabetes among adults over 18 years of age has risen from 4.7% in 1980 to 8.5% in 2014. Stoutness plays an important role in the growth of the insulin delivery device market. Stoutness is caused due to diet imbalance, junk food leading to various risk factors for diabetes, high blood pressure, heart disease and others. Increasing awareness about advanced insulin delivery devices among diabetic patients will also augment the demand for insulin delivering devices. The advance methods for insulin delivery incorporate minimum trespassing in an enhanced manner, lower patients’ burden will positively affect the market growth over the upcoming period.
However, corresponding factors like high cost of insulin, rising cost of insurance coverage, needle-phobia of many individuals, uncompromising rules & regulation, high cost of insulin pumps, R&D activity cost, regulatory pressure and technological issues these are some factor which may hamper the growth of market. Moreover, initiatives taken by various governments and non-government organizations to increase awareness regarding insulin devices and quick advancements in the technology can be the opportunities for further growth of the market.
Global Insulin Delivery Devices Market Regional Analysis-
The Insulin Delivery Devices Market is segmented into North America, Europe, Asia-Pacific, Latin America and Africa. The North America is expected to capture the largest share of global insulin delivery devices market owing to the increasing pervasiveness of diabetes and a well-developed healthcare sector. According to Canadian Statistics, in the year 2017, 7.3% of Canadians people aged between 12 and older (roughly 2.3 million people) reported being diagnosed with diabetes. Between 2016 and 2017, the percentage of males who reported being diagnosed with diabetes escalates from 7.6% in 2016 to 8.4% in 2017.The percentage of females remained consistent between the two years. On the other hand, the Middle East & Africa is expected to observe slow growth due to less exposure to healthcare services, lack of awareness, and stringent government rules and regulations.
Key Benefits for Insulin Delivery Devices Market Report–
Insulin Delivery Devices Market report covers in-depth historical and forecast analysis.
Insulin Delivery Devices Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
Insulin Delivery Devices Market report helps to identify opportunities in marketplace.
Insulin Delivery Devices Market report covers extensive analysis of emerging trends and competitive landscape.
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Global Insulin Delivery Devices Market Segmentation: –
Insulin Jet Injectors
By Distribution Channels:
Ambulatory Care Centre
By Regional & Country Analysis:
Australia and New Zealand
Rest of APAC
Middle East and Africa
Rest of MEA
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Insulin Delivery Devices Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Insulin Delivery Devices Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Insulin Delivery Devices Market: Trends
2.8. Porter’s Five Forces Analysis
2.8.1. Bargaining Power of Suppliers
2.8.2. Bargaining Power of Consumers
2.8.3. Threat of New Entrants
2.8.4. Threat of Substitute Product and Services
2.8.5. Competitive Rivalry within the Industry
2.9. Market Attractiveness Analysis
2.9.1. Market Attractiveness Analysis by Segmentation
2.9.2. Market Attractiveness Analysis by Region
3. Chapter – Global Insulin Delivery Devices Market Overview: Quantitative Analysis
3.1. Global Insulin Delivery Devices Market Revenue (USD Million), Market Share (%) and Growth Rate (%), 2014- 2025
3.2. Global Insulin Delivery Devices Market Revenue Market Share (%), 2014- 2025
3.3. Global Insulin Delivery Devices Market Sales (Number of Units), Market Share (%) and Growth Rate (%), 2014- 2025
3.4. Global Insulin Delivery Devices Market Sales Market Share (%), 2014- 2025
4. Chapter – Global Insulin Delivery Devices Market Analysis: By Type
5. Chapter – Global Insulin Delivery Devices Market Analysis: By End User
6. Chapter – Global Insulin Delivery Devices Market Analysis: By Manufacturer
6.1. Global Insulin Delivery Devices Market Revenue (USD Million), by Manufacturer, 2014 – 2025
6.2. Global Insulin Delivery Devices Market Share (%), by Manufacturer, 2018
6.3. Global Insulin Delivery Devices Market Sales (Number of Units), by Manufacturer, 2014 – 2025
6.4. Global Insulin Delivery Devices Market Share (%), by Manufacturer, 2018
6.5. Global Insulin Delivery Devices Market Price (USD/Unit), by Manufacturer, 2014 – 2025
6.6. Global Insulin Delivery Devices Market Revenue Growth Rate (%), by Manufacturer, 2014 – 2025
6.7. Merger & Acquisition
6.8. Collaborations and Partnership
6.9. New Product Launch
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