Korea Smart Insulin Pens Market Explored in Latest Research

Smart Insulin Pens Market Introduction

Smart insulin pen is a reusable injector pen that can be connected to a smartphone app, which helps diabetic patients to better manage insulin administration. Most diabetic patients have difficulty calculating their insulin dosage correctly. This can lead to insulin stacking. Adding more insulin while the rest of the insulin is still active in the body from previous doses can lead to hypoglycemia. Smart insulin pen can calculate each dose based on the current blood sugar level, carbohydrate amounts, meal size, active insulin, and settings prescribed by the doctor. It can also deliver accurate half-unit doses; help prevent skipped or missed doses; keep track of the time and amount of each dose; and remind a patient when it is time for the next one. The two types of insulin pen are disposable and reusable. Disposable pens are prefilled with insulin. These can be disposed when the insulin runs out. Reusable pen allows replacement of cartridge when empty. Overall, large number of people prefer insulin pens over syringes. It is easier to carry insulin pens and prepare doses for injection.

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In 2022, the American Diabetes Association (ADA) updated its diabetes guidelines. For the first time, the ADA recommended insulin pens instead of vials and syringes. Newer devices, such as smart insulin pens, are likely to play a role in better management of diabetes, which is a chronic disease. A number of technologies have become available to help diabetic patients control their insulin usage over the last decade. Smart insulin pen can help patients adjust insulin doses, monitor blood sugar, and make dosage reminders. The global smart insulin pens market analysis indicates that different smart insulin pens are available based on patient convenience.

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Increase in Awareness about Diabetes to Drive Global Smart Insulin Pens Market

Diabetes is a leading cause of death globally. The prevalence of diabetes is increasing in the adult and pediatric population. In November 2018, the American Diabetes Association entered into a partnership with the American Heart Association to increase awareness about cardiovascular diseases caused due to type 2 diabetes.

Diabetes is a leading cause of death in India. The Ministry of Health and Family Welfare (MoHFW) launched mDiabetes, a mobile health initiative for the prevention and care of diabetes, in collaboration with the WHO Country Office for India and other partners. The Division of Diabetes and Translation, a department of the CDC, supports activities and programs that help prevent type 2 diabetes and improve patient health outcomes. In March 2015, NHS and Public Health England launched a National NHS Diabetes Prevention Program. Prevalence of type 2 diabetes has decreased in the U.K. through this program. The National Programme for Prevention and Control of Cancers, Diabetes, Cardiovascular Diseases, and Stroke is arranged by the National Health Mission. The program aims to strengthen the infrastructure, primary healthcare system, and health prevention. Thus, increase in awareness about diabetes is likely to drive the global smart insulin pens market share during the forecast period.

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Integration of Monitoring and Therapeutic Features to Propel Smart Insulin Pens Market

Smart insulin pens offer significant advantages in diabetes management. These pens carry additional features that help record the last dose of insulin. Taking insulin every day through a syringe and needle is quite difficult and stressful. Hence, patients prefer integrated technology. Usage of smartphone and the Internet for record tracking has increased due to advances in the device connectivity technology. Integrated technology helps detect the blood glucose level and calculate the insulin dose. Additionally, it provides a predetermined time interval for insulin administration. Self-collected information by a patient is transferred via smart technological tools and apps to physicians or medical professionals. For instance, InPen insulin pens are connected with smartwatches & armbands and smart apps, which help record physical activity and transfer the data to physicians.

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Surge in Adoption of Connected Medical Devices to Augment Smart Insulin Pens Market

Diabetes is a disease, in which a patient's blood glucose level increases. Type 1 is insulin-dependent diabetes, while type 2 is non-insulin-dependent. A patient suffering from diabetes finds it quite painful and stressful to self-administer doses of insulin every day. Hence, patients are looking for pain-free, safe, cost-effective, and easy-to-handle novel insulin delivery technologies.

Smart insulin pens carry several advantages over conventional delivery. They provide better flexibility regarding the daily schedule and also improve the quality of life. These insulin pens can deliver accurate dosage of insulin. The memory feature of smart insulin pen can recall the timing and amount of the previous dose. Furthermore, the portable and convenient nature of pens is a key advantage over conventional delivery. Smart insulin pens save time, as they contain a pre-set insulin level and are prefilled. Administration of insulin with pens is time-saving and is highly preferred among children and older adults. These features of smart insulin pens lead to higher patient compliance.

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