The Infinium Global Research analyzes the Smart Insulin Pens Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global smart insulin pens market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of smart insulin pens. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the smart insulin pens market during the period. The global smart insulin pens market is projected to grow at a CAGR of 10.40% over the forecast period of 2019-2025.
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Rise in Diabetics is Likely to have a Positive Impact on the Market Lesser Cost of Insulin Pumps and Painless Injections are Further Driving the Growth of the Market
The increasing occurrence of diabetes raises the demand for needle-free insulin delivery devices across the globe. According to the international diabetes federation, approximately 425 million adults were living with diabetes in 2017 and it is expected to rise to 629 million by 2045. Also, 79% of adults with diabetes were living in low- and middle-income countries and the greatest number of people with diabetes were between 40 and 59 years of age. Hence, the rise in diabetics is likely to have a positive impact on the market. Lesser cost of insulin pumps and painless injections are further driving the growth of the market. The other advantage of smart insulin pens is that it can be used by people with visual or motor skills disorders easily. However, limited usage of smart insulin pens for patients requiring a mixture of two types of insulin may hinder the growth of the market. Moreover, advancements in technology and joining resources from all around the world creates opportunities for the growth of the smart insulin pens market in the next few years.
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North America is Leading the Global Smart Insulin Pens Market
In terms of region, the global smart insulin pens market is classified into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Among, North America is leading the global smart insulin pens market and is estimated to dominate the market during the forecast period. This is attributed to the presence of key players and a high rate of adoption of technologically advanced devices in the region. The number of sales of items of insulin Pens is anticipated to grow steadily during the forecast period in the region. However, Asia-Pacific is projected to expand at a rapid pace during the forecast period. Rise in the geriatric population with diabetes is the major factor for the growth of the smart insulin pens market in this region.
Smart Insulin Pens Market: Segmentation
The report on the global smart insulin pens market covers segments such as type, usability, and end user. On the basis of type, the sub-markets include first generation pens, and second generation pens. On the basis of usability, the sub-markets include prefilled, and reusable. On the basis of end user, the sub-markets include hospitals & clinics, ambulatory surgical centers, and home care settings.
Smart Insulin Pens Market: Competitive Landscape
The report provides profiles of the companies in the market such as Digital Medics Pty Ltd., Companion Medical Inc., Eli Lilly and Company, Novo Nordisk A/S, Diamesco Co., Ltd., F. Hoffmann-La Roche AG, Emperra GmbH E-Health Technologies, Insulet Corporation, Jiangsu Delfu medical device Co. Ltd., Bigfoot Biomedical, and other companies.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the smart insulin pens.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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