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Which Are The Various Key Players & Trends Insulin Delivery System Market
Insulin Delivery System Market
Innovation in insulin delivery systems include ability to measure blood glucose levels, keep track of insulin doses, etc. Also, manufacturers are now focusing on developing needle free insulin delivery systems that reduce the chances of needle stick injuries and also are helpful to those individuals suffering from syringe phobia.
High research & development costs associated with insulin delivery systems are a key factor restraining growth of the global insulin delivery systems market.
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Increasing obesity across the globe is a major cause of diabetes which is another factor supporting growth of target market to a significant extent. According to a study conducted by the Center for Disease Control and Prevention, in 2012, stated that 34.9% of US adults are obese. According to a survey analysis conducted in 2015,
Among distribution channel segments, diabetes specialty clinics is expected to register highest CAGR of 7.0% owing to increasing incidence of diabetes across the globe.
North America market is expected to dominate the global insulin delivery systems market in terms of revenue, and is estimated to account for largest market share of over 35% in 2017 as compared to that of markets in other regions
The market in Asia Pacific is expected to witness considerable growth and is expected to register highest CAGR of 8.0% over the forecast period, owing to growing adoption of insulin administration devices among individuals, and increase in disposable income in emerging economies such as India, China, and Japan.
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