Insulin Delivery Market research report, published by Market Research Future contains succinct information on the Insulin Delivery Market, segmented by type - Insulin Syringe, Insulin Pumps, Insulin Pens, Insulin Jet Injectors.
Pune, Maharashtra - November 15, 2018 /MarketersMedia/ —
Insulin delivery devices are used for titrated and accurate delivery of insulin. Diabetes type I being a chronic disease requires a lifelong treatment with insulin which has resulted in the development of less painful and less invasive delivery systems. The Global Insulin Delivery Devices Market and is expected to reach $14.21 billion by 2020, growing at an impressive rate of 7.9 % CAGR.
The growth of the Insulin Delivery Market can be attributed to factors such as high returns on investment, favourable reimbursement scenario, demand for non-invasive delivery systems, technological advancements in insulin delivery devices, growing diabetic population, rising awareness and others. The constraining factors are cost of the insulin delivery devices, presence of low cost manufacturers especially China and others.
Product development is a highly successful strategy that has been exploited by the market. For example, many insulin pens have adjustments for altering the dosage of insulin depending on the need. Thus, controlling the dosage is easy with a flick of a button or a dial which is a very attractive development.
On the basis of type, the insulin delivery devices market is segmented into insulin syringes, insulin pump, insulin pens, insulin jet injectors and other devices (jet injectors, transdermal patches, and inhalers). The insulin pens segment is further sub segmented into disposable pens and reusable pens with the reusable segment commanded the largest share of insulins pens market in 2016. The pumps segment is further sub-segmented into external pumps and internal pumps with external pumps commanding in the largest share of the insulin pumps market in 2016.
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Insulin Delivery Devices Market - Key Players
Some of the key players in this market are:
Hoffmann-La Roche
Eli Lilly and Company
Sanofi
Medtronic, Inc
Novo Nordisk A/S
Becton, Dickinson and Company
Braun Melsungen AG
Animas Corporation
Ypsomed Holdings AG
Insulet Corporation
Insulin Delivery Devices Market – Segments
Insulin Delivery Devices Market has been segmented on the basis of type which comprises of Insulin Syringe, Insulin Pumps, Insulin Pens, and Insulin Jet Injectors.
On the basis of type, the insulin delivery devices market is segmented into insulin syringes, insulin pump, insulin pens, insulin jet injectors and other devices (jet injectors, transdermal patches, and inhalers). The insulin pens segment is further sub segmented into disposable pens and reusable pens with the reusable segment commanded the largest share of insulins pens market in 2016. The pumps segment is further sub-segmented into external pumps and internal pumps with external pumps commanding in the largest share of the insulin pumps market in 2016.
Insulin Delivery Devices Market - Regional analysis
The developed regions of North America and Europe are expected to lead the insulin delivery market. The U.S is expected to lead the world due to its higher per capita income and its faster uptake of technology. U.S. also spends a higher GDP on its healthcare which accounts to a whopping 16% in 2016.
Europe is expected to be led by Germany due to presence of its large medical device industry. However, it has to be noted that southern Europe has a higher prevalence of diabetes. Countries such as Spain, Italy and Portugal are expected to have a higher growth of the insulin delivery devices market. Another nation which has a large unserved market is Turkey.
However, the market is expected to shift towards the developing regions of Asian Pacific in the near future. The Asia pacific region is expected to be led by India. India is called the diabetes capital of the world with as many as 50 million diabetes patients. Of the two types of diabetes India has a greater number of patients with type-2 diabetes. India has also witnessing an alarming rise in incidence of diabetes. The World Health Organizations estimates the global burden of type-2 diabetes to increase to 438 million by 2030 from 285 million people. For the diabetes treatment players in India this means a pie of 87 million patients in 2030. Other Asia Pacific nations expected to drive growth in the future are Vietnam, Indonesia and China.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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