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Smart Insulin Pens Market Industry Analysis, Size, Share, Growth, Trends, By Product Type, By Connectivity Type, By Usability, By End User, Regional Outlook And Forecast 2022-2030
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According to The Business Research Company's NGOs and charitable organizations market report, the global smart insulin pens market reached a value of nearly $85.82 million in 2020, having increased at a compound annual growth rate (CAGR) of 7.1% since 2015. The market is expected to grow from $85.82 million in 2020 to $119.4 million in 2025 at a rate of 6.8%. The growth is mainly due to the increasing prevalence of diabetes which is expected to drive the demand for smart insulin pens. The smart insulin pens market is expected to grow from $119.4 million in 2025 to $164.25 million in 2030 at a CAGR of 6.6%.
Rising numbers of diabetic cases will continue to be a driver of this market during the forecast period. According to the International Diabetes Federation (IDF), the global diabetes prevalence population is expected to reach about 640 million by 2040. Thus the need for diabetes care equipment is set to rise steadily during the forecast period.
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The smart insulin pens market are segmented -
• By Type: First Generation Pens, Second Generation Pens, Bluetooth Enabled, USB Connected.
• By End User: Hospitals & Clinics, Ambulatory Surgical Centres, Home Care Settings By Organization Location: Domestic, International
• By Application: Type 1 Diabetes, Type 2 Diabetes
• By Usability: Prefilled, Reusable
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the NGOs and charitable organizations market.
Major competitors in the NGOs and charitable organizations market includes Companion Medical, Novo Nordisk A/S, F. Hoffmann-La Roche AG, Emperra GmbH E-Health Technologies, Diamesco Co. Ltd.
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The smart insulin pens market consists of sales of smart insulin pens and related services by entities (organizations, sole traders and partnerships) that manufacture smart insulin pens. Smart insulin pens are insulin delivery devices that keep track of the volume, time, and type of dosage. These devices may also perform tasks such as generating reports to be shared with healthcare professionals. The companies engaged in manufacturing smart insulin pens invest in the designing and manufacturing of first- and second-generation smart insulin pens which are either reusable or pre-filled for the application of delivering an accurate insulin dose to manage Type 1 Diabetes and Type 2 Diabetes. The revenue generated by these companies is through sales of these pens to hospitals & clinics, ambulatory surgical centers, and home care settings.
The Table Of Content For The Smart Insulin Pens Market Include:
1. Smart Insulin Pens Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
.....
19. Global Smart Insulin Pens Market Competitive Landscape
20. Key Mergers And Acquisitions In The Smart Insulin Pens Market
21. Smart Insulin Pens Market Opportunities And Strategies
22. Smart Insulin Pens Market, Conclusions And Recommendations
23. Appendix
The Business Research Company's "Global Smart Insulin Pens Market Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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