The market for insulin delivery devices is anticipated to experience a value growth rate of 9.31%, expanding from USD 16.40 billion in 2020 to an estimated USD 33.19 billion by 2028. This significant growth is driven by the rising global demand for various insulin delivery devices, including syringes, insulin pens (both disposable and reusable), inhalers, jet injectors, insulin pumps, and pen needles. The heightened demand is largely associated with the escalating prevalence of diabetes, with these devices finding crucial application in administering insulin into the bloodstream of patients.
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Market Overview:
The market has been experiencing significant momentum due to ongoing research and development efforts and the introduction of enhanced delivery devices. For example, the recent FDA approval of an interoperable insulin pump by Tandem Diabetes Care Inc. has notably contributed to this positive trend.The surge in diabetes cases can be attributed to lifestyle changes, unhealthy dietary habits, and insufficient physical activity. This shift in health patterns has emerged as a key driver for the market.
Key Players covered in this report are
· Nova Nordisk
· Omnipod Insulin Management
· Eli Lilly and Company
· Gerresheimer
· Johnson and Johnson
· Becton Dickinson
· Tandem Diabetes Care Inc.
· and Medtronic PLC
Based on Product Type market is segmented into:
- Hospitals
- Clinics
- Ambulatory Care Centers
- Homecare
Based on Application market is segmented into:
· Insulin Syringe
· Insulin Pens:
· Disposable
· Reusable
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Major Points covered in this report are as below:
- An analysis of Insulin Delivery Devices industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
- This report provides information on the market status of Insulin Delivery Devices manufacturers and provides valuable insight into the market for companies and individuals.
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