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Insulin Pens, Syringes, Pumps And Injectors Global Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Insulin Pens, Syringes, Pumps And Injectors Market
The Business Research Company's Insulin Pens, Syringes, Pumps And Injectors Global Market Report 2024 identifies an increase in the prevalence of diabetes globally as the major driver for the insulin pens, syringes, pumps and injectors market's growth in the forecast period. The increase in the number of people suffering from obesity, unhealthy eating habits, physical inactivity, and the increasing geriatric population are some of the key factors which are leading to the increase in the global prevalence of diabetes. According to the US Centers for Disease Control and Prevention (CDC) in 2020, around 34.2 million people in the U.S. were suffering from diabetes. Also, according to the International Diabetes Federation, in 2021, globally approximately537 million adults were living with diabetes; by 2045, this number would rise to 783 million. Therefore, the increase in the prevalence of diabetes globally is driving the growth of the insulin pens, syringes, pumps, and injectors market.
The insulin pens, syringes, pumps and injectors market size has grown strongly in recent years. It will grow from $23.3 billion in 2023 to $25.36 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to rising diabetes prevalence, advancements in insulin delivery, patient preference for convenience, aging population.
The insulin pens, syringes, pumps and injectors market size is expected to see strong growth in the next few years. It will grow to $34.41 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to emerging markets growth, regulatory support and reimbursement, personalized medicine, value-based healthcare. Major trends in the forecast period include artificial intelligence (AI) integration, handheld and wireless ultrasound devices, 3d/4d imaging, fusion imaging.
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Major competitors in the insulin pens, syringes, pumps and injectors market are Novo Nordisk A/S, Eli Lilly and Company, Medtronic PLC, Abbott Laboratories, Insulet Corporation, Sanofi Aventis, F. Hoffmann-La Roche Ltd., Becton Dickinson and Company, Animas Corporation, Ypsomed Holding AG, Dickinson and Company, Valeritas Inc., MannKind Corporation, Tandem Diabetes Care Inc., Biocon Ltd., B. Braun Melsungen AG, Terumo Corporation, Teleflex Incorporated, Nipro Corporation, Smiths Medical Inc., Owen Mumford, UltiMed Inc., Ypsomed Holding, Ascensia Diabetes Care, Trividia Health, ARKRAY Inc., AgaMatrix Inc., Medline Industries LP, Gerresheimer AG, West Pharmaceutical Services Inc., SHL Medical AG, Zhejiang POCTech Medical Co.Ltd., Jiangsu Wanhai Medical Instruments Co. Ltd.
A key trend in the insulin pens, syringes, pumps and injectors market includes strategic partnerships. Major companies operating in insulin pens, syringes, pumps, and injectors offer a wide range of products and technologies to meet the needs of individuals with diabetes. For instance, in December 2022, Eli Lilly and Company, a US-based pharmaceutical company, partnered with Eva Pharma, an Egypt-based pharmaceutical company. This partnership aims to expand sustainable access to affordable insulin in low- and middle-income countries (LMICs), most of which are in Africa, and make insulin more affordable and accessible to people in need.
Read More On The Global Insulin Pens, Syringes, Pumps And Injectors Market Report Here:
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The insulin pens, syringes, pumps and injectors market is segmented -
• By Type: Pens, Injectors And Pumps, Syringes
• By Pens: Reusable, Disposable
• By Pumps: Tubed Pumps, Tubeless Pumps
• By End Users: Hospitals, Homecare, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the insulin pens, syringes, pumps and injectors market.
The Business Research Company's "Global Insulin Pens, Syringes, Pumps And Injectors Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Insulin Pens, Syringes, Pumps And Injectors Market Include:
1. Executive Summary
2. Insulin Pens, Syringes, Pumps And Injectors Market Characteristics
3. Insulin Pens, Syringes, Pumps And Injectors Market Trends And Strategies
4. Insulin Pens, Syringes, Pumps And Injectors Market - Macro Economic Scenario
5. Global Insulin Pens, Syringes, Pumps And Injectors Market Size and Growth
……
31. Global Insulin Pens, Syringes, Pumps And Injectors Market Competitive Benchmarking
32. Global Insulin Pens, Syringes, Pumps And Injectors Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Insulin Pens, Syringes, Pumps And Injectors Market
34. Insulin Pens, Syringes, Pumps And Injectors Market Future Outlook and Potential Analysis
35. Appendix
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