Global Insulin Delivery Devices Market Analysis
Overview
Insulin is essential for people with type 1 and type 2 diabetes. The value is that diabetics must use large glass syringes and reusable needles to inject insulin, and they need to be boiled and sterilized after each use. Improvements and innovations have led to the development of insulin delivery devices, such as insulin pens and pumps. In addition, there are insulin analogs that allow CSII (continuous subcutaneous insulin infusion) using an insulin pump and MDI (multiple daily injections) for insulin therapy to more closely match the physiological insulin pattern. The insulin type can be replaced to meet the individual needs of the patient. Insulin can be packaged in vials, cartridges, or pre-filled pens.
The global insulin delivery devices market is valued at US$ 1,132.69 million in the U.S. The 2017 valuation is anticipated to grow at a CAGR of 11.3 percent (2017-2025).
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Drivers
During the forecast period, the increase in the prevalence of diabetes is expected to drive the growth of the global insulin delivery devices market. The increase in the prevalence and incidence of diabetes is the main factor driving the growth of the global insulin delivery devices market. According to data from the Centers for Disease Control and Prevention (CDC), in 2014, approximately 29.1 million people in the U.S. had diabetes. The burden of health care was approximately US$ 245 billion. It is estimated that 4.6 percent to 9.2 percent of pregnant women are affected by gestational diabetes. In addition, the Australian government launched the National Diabetes Strategy to prevent diabetes and support diabetics. Therefore, the government’s increased support for diabetic patients is expected to support the growth of the global insulin delivery devices market.
The development of systems and equipment to improve drug delivery is expected to drive market growth. Compared with vial and syringe solutions, insulin pens have higher clinical efficacy, better quality of life, and higher drug delivery accuracy, especially at low doses. Therefore, the introduction of the insulin pen device helps diabetic patients with easier and more convenient treatment plans. This is the first and only pen device in the U.S. with a half-unit dose and a memory function, which can record the dose and the elapsed time since the last injection. Increasing adoption of advanced insulin delivery equipment is driving market growth. The increasing awareness of insulin delivery devices, coupled with the high demand for insulin delivery for diabetes management, is expected to drive growth of the global insulin delivery devices market.
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Regional Analysis
From a regional perspective, North America accounted for the largest share of the global insulin delivery devices market in 2017, followed by Europe, due to the high incidence of lifestyle-related diseases, the implementation of diabetes awareness programs, and advanced medical equipment. In 2010, according to the Journal of Diabetes Science and Technology, insulin pumps were used primarily on the U.S. region of the Atlantic, not the European side, which is expected to drive demand for insulin pumps over the forecast period. In addition, in 2016, the UAE Ministry of Health and Prevention, in collaboration with the UAE Diabetes Association and the AstraZeneca Ministry of Health and Gulf, launched the Circle of Nursing, an education and support program aimed at improving people’s well-being. There may be development of type 2 diabetes, which in turn contributes to the risk of market growth during the forecast period.
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
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Key Trends
Major market players are focusing on developing next-generation devices to remain competitive while looking for ways to improve their design capabilities. In October 2017, Eli Lilly announced plans to invest US$ 72 million in an insulin production project at its Indianapolis plant.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Technological Advancements
- Regulatory Scenario
- Industry Trends
- PEST Analysis
- PORTER’S Five Forces
- Market Dynamics
- Global Insulin Delivery Devices Market, By Product Type, 2017–2025, (US$ Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-o-Y Growth Analysis, 2016–2025
- Segment Trends
- Insulin Syringes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million)
- Insulin Pumps
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million)
- Insulin Pens
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million)
- Insulin Jet Injectors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million)
- Introduction
- Global Insulin Delivery Devices Market, By Distribution Channel, 2017–2025, (US$ Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-o-Y Growth Analysis, 2016–2025
- Segment Trends
- Hospital Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million)
- Retail Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million)
- Online Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million)
- Introduction
- Global Insulin Delivery Devices Market, By Region, 2017–2025, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2016 and 2025 (%)
- Y-o-Y Growth Analysis, By Region, 2016–2025
- North America
- Market Size and Forecast, By Product Type, 2015–2025, (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2015–2025, (US$ Million)
- Market Size and Forecast, By Country, 2015–2025, (US$ Million)
- U.S.
- Canada
- Europe
- Market Size and Forecast, By Product Type, 2015–2025, (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2015–2025, (US$ Million)
- Market Size and Forecast, By Country, 2015–2025, (US$ Million)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2015–2025, (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2015–2025, (US$ Million)
- Market Size and Forecast, By Country, 2015–2025, (US$ Million)
- China
- Japan
- India
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast, By Product Type, 2015–2025, (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2015–2025, (US$ Million)
- Market Size and Forecast, By Country, 2015–2025, (US$ Million)
- Brazil
- Mexico
- Rest of Latin America
- Africa
- Market Size and Forecast, By Product Type, 2015–2025, (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2015–2025, (US$ Million)
- Market Size and Forecast, By Country, 2015–2025, (US$ Million)
- Northern Africa
- Central Africa
- South Africa
- Middle East
- Market Size and Forecast, By Product Type, 2015–2025, (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2015–2025, (US$ Million)
- Market Size and Forecast, By Country, 2015–2025, (US$ Million)
- GCC Countries
- Israel
- Rest of Middle East
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis
- Company Profiles
- Analyst Views
- Section
- References
- Research Methodology
- About Us and Sales Contact
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