Global Insulin Delivery Devices Market is estimated to be US$ 38.62 billion by 2030 with a CAGR of 8.9% during the forec

Comments · 5 Views

Global Insulin Delivery Devices Market accounted for US$ 16.40 billion in 2020 and is estimated to be US$ 38.62 billion by 2030 and is anticipated to register a CAGR of 8.9%.

Global Insulin Delivery Devices Market accounted for US$ 16.40 billion in 2020 and is estimated to be US$ 38.62 billion by 2030 and is anticipated to register a CAGR of 8.9%. Insulin cannot be taken as pill or swallowed, because it cannot be broken down by digestive system before it reaches the bloodstream therefore, there are delivery device for injecting insulin into the fatty tissue under the skin. There are various numbers of devices that deliver the insulin in the body such as syringes, insulin pens, jet injectors, and insulin pumps. Furthermore, every patient requires different insulin delivery devices, depending on insulin regimen, and ability to manipulate or operate a particular device, visual ability, or ability to afford a particular device and related supplies, occupation, and daily schedule.

The report " Global Insulin Delivery Devices Market, By Product Type, (Insulin Syringes, Insulin Pens, Insulin Pumps, and Insulin Jet Injectors), By Distribution Channels (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030”

Key Highlights:

  • In 2021, Insulet Corporation (NASDAQ: PODD), the global leader in tubeless insulin pump technology with its Omnipod brand of products, presented the Omnipod DASH Insulin Management System (Omnipod DASH) to healthcare providers attending the virtual Australasian Diabetes Congress. Insulet expects to begin taking customer orders for Omnipod DASH by the end of August.

Analyst View:

Rising awareness of insulin delivery devices among individual expected to propel the growth of the market in the near future. Moreover, technological advancements in the insulin delivery devices that are creating demand for these devices which in turn fuelling growth of the global insulin delivery devices market. However, high cost of insulin delivery devices and risk factor associated with the delivery of insulin are key factors which restraining growth of the global insulin delivery market. Also, needle anxiety among patient and positive pace of development of oral insulin which is alternative to IV and subcutaneous insulin could hamper the target market growth to certain extent.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Insulin Delivery Devices Market, By Product Type, (Insulin Syringes, Insulin Pens, Insulin Pumps, and Insulin Jet Injectors), By Distribution Channels (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030”

To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-Insulin-Delivery-Devices-Market-249

Key Market Insights from the report:

The Global Insulin Delivery Devices Market accounted for US$ 16.40 billion in 2020 and is estimated to be US$ 38.62 billion by 2030 and is anticipated to register a CAGR of 8.9%.  The Global insulin delivery devices market is segmented on the basis of product type, distribution channels, and region.

  • On the basis of product type, the Global Insulin Delivery Devices Market is segmented into insulin syringes, insulin pens, insulin pumps, and insulin jet injectors.
  • On the basis of distribution channel, the target market is segmented into hospital pharmacy, retail pharmacy, and online pharmacies.
  • Based on region the global orphan drugs market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East Africa. North America market dominates the global market in terms of revenue over the forecast period.

Competitive Landscape:

Key players operating in the global insulin delivery devices market includes Novo Nordisk A/S,Sanofi, Medtronic Plc., Becton, Dickinson and Company, Eli Lilly and Company,Insulet Corporation, Abbott,Biocon Ltd., and F. Hoffmann-La Roche Ltd.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

  • Explains an overview of the product portfolio, including product development, planning, and positioning
  • Explains details about key operational strategies with a focus on RD strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
  • Detailed analysis of the market revenue over the forecasted period.
  • Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST SWOT Analysis.
  • Study on the segments that are anticipated to dominate the market.
  • Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered

  1. Introduction
  • Study Deliverables
  • Study Assumptions
  • Scope of the Study
  1. Research Methodology
  2. Executive Summary
  • Opportunity Map Analysis
  • Market at Glance
  • Market Share (%) and BPS Analysis, by Region
  • Competitive Landscape
  • Heat Map Analysis 
  • Market Presence and Specificity Analysis
  1. Investment Analysis
  2. Competitive Analysis

To know more

Contact Us:

Sales

Prophecy Market Insights

  1 860 531 2701

Email- sales@prophecymarketinsights.com

Comments