Global Insulin Delivery Devices Market Report by Products and Regions for 2018-2024 Released

MarketStudyReport.com published new Insulin Delivery Devices Market research report for the period of 2018-2024 that focuses on the major drivers and restraints for the global key players providing analysis of the market share, Products, revenue forecasts and geographic regions of the market. The report is spread across 140 pages with tables and figures in it.

A pivotal vertical of the healthcare space, insulin delivery devices market outlook has undergone a dramatic change in the last decade or so. The growth in the revenue graph can be attributed to the extensive prevalence of diabetes and subsequent demand for insulin providing products such as syringes and pumps. Myriad healthcare companies have been striving hard to bring forth a slew of unique pumps to the mainstream. Medtronic in this regard is particularly proactive, with UnitedHealthcare recently declaring that the firm will become the most viable in-network DME (durable medical equipment) provider of insulin pumps by 2020. As per the American Diabetes Association, 9.4% of the American populace suffered from diabetes in 2015, while 1.5mn Americans are diagnosed with diabetes annually. These estimates validate the strong position North America holds in global insulin delivery devices market, driven by the shift from invasive to minimally invasive devices.

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Insulin Delivery Devices market will exceed USD 19 billion by 2024; as per a new research report. Growing prevalence of diabetes coupled increasing awareness about diabetes management and insulin delivery devices are the preliminary factors driving the global insulin delivery devices market.

Product developments and introduction of new products in under-addressed geographical markets should propel industry growth in coming years. Moreover, initiatives by public sectors will also contribute to market expansion during the forecast period. Demand for minimally invasive delivery systems has been fueling the market growth and will continue to drive growth during projection years.

High cost of insulin and certain delivery devices should continue hampering industry growth across the globe, especially in developing regions. Inadequate awareness about various insulin delivery methods further restrains business growth.

Insulin syringes market is forecast to grow with a modest CAGR of over 5%. More efficient and convenient alternatives to syringes will slowly but steadily replace the same, as the market expands.

Insulin pumps market is estimated to experience lucrative growth during the forecast timeframe. In fact, it should grow with fastest CAGR of over 7% in coming 5-6 years, making it second most preferred device in the delivery devices gamut.

U.S. insulin delivery devices market held almost 40% of global market in 2017, owing to high diabetes prevalence, product technological advancements and adoption. During the foreseeable future, industry should grow with low-to-moderate rate because of entering into late market growth phase.

Europe insulin delivery devices market was valued at USD 3 billion in 2017 and it expected to witness more than 5% CAGR from 2018 to 2024. High cost of insulin pumps and insulin pens is driving the insulin delivery devices; however, adoption of pumps is anticipated to surge in near future. Germany is the largest market places in Europe, accounting for nearly 30% share of total market.

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Large diabetic population in emerging economies such as China and India will serve as potential consumer base in coming years. China insulin delivery devices market is most likely to be the fastest growing regional market in the world during the projection years. With diabetic population mounting to over 100 million and improving health care in the nation, the market is forecast to grow with exponential rate.

Some of the notable industry players are Sanofi, Ely Lilly, Novo Nordisk, Medtronic, Becton and Dickenson, Roche, Insulet Corporation, Ypsomed. Big established companies hold more than 70% share in total market. Small and medium players are shaping up but face tough competition from dominating counterparts. Technological novel products, geographical product launches and mergers and acquisitions are major strategies practiced by companies to expand their business and foothold in industry.

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Table of Contents

Chapter 1 Methodology & Scope

Chapter 2 Insulin Delivery Devices Market Executive Summary

Chapter 3. Insulin Delivery Devices Industry Insights

Chapter 4. Insulin Delivery Devices Market, By Product

Chapter 5. Insulin Delivery Devices Market, By Region

Chapter 6. Insulin Delivery Devices Market Company Profiles

Related Reports: -
Global Insulin Delivery Devices Market Research Report 2018
This report studies the global Insulin Delivery Devices market status and forecast, categorizes the global Insulin Delivery Devices market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
https://www.marketstudyreport.com/reports/global-insulin-delivery-devices-market-research-report-2018

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