Press release
Constructive Disruption In Healthcare To Be Witnessed By The Insulin Delivery Device Market From 2014 To 2020
Market Overview:
The global insulin delivery devices market is on the spike, and is estimated to climb up in terms of revenues, reaching US$ 14.09 Bn by 2020 end, up from US$ 9.39 Bn in 2014. The overall growth rate will be healthy, reflected through a CAGR of around 7%, over the forecast period 2014-2020.
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Some of the major players operating in the market:
Abbott Laboratories.
Novo Nordisk A/S.
Eli Lilly and Company.
Medtronic, Inc.
Sanofi, Becton.
Dickinson and Company.
F. Hoffmann-La Roche, Ltd.
Drivers and Restraints
The insulin delivery device market is driven by several factors, including the increasing prevalence of diabetes, growing awareness about insulin therapy, and technological advancements in insulin delivery devices. Additionally, the rising demand for self-administration devices, such as insulin pens and pumps, is further propelling market growth. However, the high cost of insulin delivery devices and the limited reimbursement policies in developing countries are restraining the market's growth. Furthermore, the safety concerns and complications associated with the use of insulin delivery devices are also hindering the market's expansion. Nonetheless, the continuous efforts of manufacturers to improve product safety and efficacy are expected to create lucrative opportunities for the market's growth in the coming years.
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Segment Analysis:
By Device
Insulin Syringes
Insulin Pens
Insulin Pumps
Insulin Jet Injectors
By Geography
North America
Europe
Asia
Latin America
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