The global insulin
delivery devices market was valued at $9,499.1 million in 2014, and
it is expected to grow at a CAGR of 7% during 2015-2020. The global insulin
delivery devices market is increasing due to increase in geriatric population
and rise in global obesity population. The increase in prevalence of diabetes is one of the leading causes
of death and has increased risk of developing number of serious health problems. According to International Diabetes
Federation in 2013, approximately 382 million people were suffering from
diabetes and approximately 592 million people are expected to suffer by 2035. Similarly, technological advancement is insulin
delivery devices are leading to increased acceptances of such devices. Insulin
pens and pumps have various advantages, which help in delivering accurate
dosage of insulin and maintain the normal level of insulin in the body.
Browse report description with TOC on “Global Industry Insight: Insulin
Delivery Devices Market” at: https://www.psmarketresearch.com/market-analysis/insulin-delivery-devices
Based on type, insulin syringe has the largest market share
in the insulin delivery devices market globally, as it is a convenient mode of
insulin delivery. However, insulin pump is the fastest growing segment in the
insulin delivery device market and it is expected to grow at a CAGR of 7.6%
during the forecast period due to technological advancements in insulin pumps
to maintain the level of insulin in the body for diabetic patients.
The information and data in the publication “Global Industry Insight: Insulin Delivery
Devices Market Development and Demand Forecast to 2020” represent the
research and analysis of data from various primary and secondary sources. The
top-down approach has been used to calculate the global insulin delivery device
market by type. The market numbers for countries are obtained through top-down
approach. P&S Market Research analysts and consultants interact with
leading companies of the concerned domain to substantiate every single data
presented in this report. The company bases its primary research on discussions
with prominent professionals and analysts in the industry, aided by informed
and detailed online and offline research.
Various initiates, such as programs,
activities and campaigns, are implemented by IDF, NGOs, diabetes associations
and health departments to create awareness among people regarding effects of
diabetes and correct method of treatment. The increasing awareness of diabetes
and increasing prevalence of diabetes is driving the demand for insulin
delivery devices. The increasing role of home infusion therapy provides a vital role in the treatment of diabetes with the help
of infusion insulin pumps. Infusion
insulin pumps provide an accurate dosage of insulin to diabetic patient
throughout the day. This is significantly increasing the demand
for insulin delivery devices in the market. In addition, artificial pancreas is
also gaining popularity in the insulin delivery devices market globally.
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However, certain restraints such as hazards and risks
associated with drug delivery devices and high insulin analogue cost are
hindering the market growth. Technological advancement in insulin delivery
devices is expected to create demand for insulin delivery devices market during
the forecast period. The increasing awareness about diabetes and improving
healthcare facilities in developing countries, such as China, India, and
Brazil, are laying significant opportunities for insulin delivery devices market.
Asia insulin delivery devices market is expected to witness the fastest growth
of CAGR 8.0% globally during the period 2015 – 2020.
The key companies operating in
the global insulin delivery devices market are Medtronic, Inc., F. Hoffmann-La Roche,
Ltd., Abbott Laboratories Inc. Novo Nordisk A/S, Eli Lilly and Company, Sanofi,
Becton Dickinson and Company, Insulet Corporation, B. Braun Melsungen AG,
Animas Corporation, and Ypsomed Holdings AG.
INSULIN DELIVERY
DEVICES MARKET SEGMENTATION
·
Insulin Syringe
·
Insulin Pumps
·
Insulin Pens
·
Insulin Jet Injectors
·
Others
·
North America
o
The U.S.
o
Canada
·
Europe
o
France
o
Germany
o
Italy
o
Spain
o
The U.K.
·
Asia
o
China
o
India
o
Japan
·
Rest of the World (RoW)
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