Press release
Next Generation Diabetes Therapy and Drug Delivery Market Expected to Reach $28.0 Billion by 2030
Next Generation Diabetes Therapy and Drug Delivery Market size was valued at $7.1 billion in 2020, and is estimated to reach $28.0 billion by 2030, growing at a CAGR of 14.28% from 2021 to 2030. Next generation diabetes therapy and drug delivery devices are used to check the blood glucose levels and deliver insulin into the body. Next generation diabetes drug delivery systems, such as oral and inhalable insulin, help introduce insulin into the patient's body without causing pain and reduce the risk of skin irritation owing to frequent use of needles. Advancements in diabetes therapy systems, such as insulin patch, continuous glucose monitoring (CGM) system, and artificial pancreas, are frequently used to detect the glucose levels and adjust the insulin levels to manage the change in glucose levels.๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Sanofi S.A., Johnson & Johnson, Medtronic plc, Glysens Incorporated, Abbott laboratories, Novo Nordisk A/S, MannKind Corporation, Senseonics Holdings, Inc., Dexcom, Inc, Eli Lilly and Company
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/request-sample/2098
On the basis of demographic, the market is classified into adult population (>14 years) and child population (โค14 years). The adult population segment dominated the global market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to increase in prevalence of diabetes in adult population due to unhealthy lifestyle.
On the basis of indication, the market is segmented into type 1 diabetes and type 2 diabetes. The type 2 diabetes segment dominated the global market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to increase in cases of type-2 diabetic due to increase in urbanization, unhealthy diet, and reduced physical activity.
By end user, the market is segregated into diagnostics/clinics, ICUs, and home healthcare. The diagnostics/clinics dominated the global market in 2020, and is anticipated to continue this trend during the forecast period, owing to increase in procurement of the products from diagnostics and clinics by diabetic patients.
๐ ๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ https://www.alliedmarketresearch.com/purchase-enquiry/2098
Next Generation Diabetes Therapy and Drug Delivery Market growth in the Asia-Pacific region was the third-largest contributor in the market in 2020, and is expected to register the fastest CAGR during the forecast period, owing to rise in R&D for the advancement of diabetic products in the countries of Asia-Pacific, growth in healthcare expenditures, and increase in awareness about the benefits of using next generation diabetic products, such as better management of blood glucose level.
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