Insulin Delivery devices Market Report, Size, Share & Outlook - 2024-2031 - Becton Dickinson, Novo nordisk & GlaxoSmithKline.

The global Insulin Delivery devices Market is projected to grow at a CAGR of 5.3% from 2024 to 2031.

Diabetes is a condition characterized by elevated blood glucose levels due to the body's inability to properly regulate insulin, a hormone crucial for converting glucose into energy. In Type 1 diabetes, the body does not produce insulin, necessitating the use of insulin delivery devices to administer insulin from external sources into the bloodstream. Common methods for insulin delivery include syringes, insulin pumps, sprays, and insulin pens, each designed to help manage blood glucose levels effectively and maintain metabolic balance.

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Market Trends:

Diabetes mellitus is a critical global health issue with profound impacts on individuals, families, and national economies. According to the International Diabetes Federation (IDF) Diabetes Atlas, approximately 537 million adults aged 20 to 79 had diabetes in 2021, representing about one in ten people worldwide. This number is projected to increase to 643 million by 2030, with significant prevalence in Europe and North America. Uncontrolled diabetes can lead to severe health complications, including reduced quality of life and increased morbidity and mortality. This rising incidence drives the demand for effective insulin delivery devices to better manage the condition and mitigate associated risks.

Despite advancements, subcutaneous insulin administration poses challenges such as injection pain, inconvenience, and inconsistent compliance. Additionally, it can lead to peripheral hyperinsulinemia, differing from the natural insulin distribution to the portal vein. These drawbacks may impede the market growth for insulin delivery devices, as patients and healthcare providers seek more effective and comfortable management solutions.

Market Segmentation:

By Product Type: Syringes, Insulin Pens, and dosers, Infusion pumps, Oral insulin, Insulin sprays, Insulin patches, Jet injectors, Automated insulin delivery system.

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Major Players:

• Becton Dickinson
• Eli Lilly and Company
• Merck & Co.
• Novo nordisk
• GlaxoSmithKline
• Bristol-Myers Squibb
• Astrazeneca
• Sanofi
• Roche Holding AG
• Amgen
• Johnson & Johnson
• Abbott laboratories
• Tandem diabetes care

Product Portfolio:

Novo Nordisk is a Danish multinational pharmaceutical company and a full member of the European Federation of Pharmaceutical Industries and Associations. Specializing in diabetic medications and devices, Novo Nordisk also offers products and services related to hemostasis management, growth hormone therapy, and hormone replacement therapy. The company produces a range of drugs under various brand names, such as Levemir, Tresiba, NovoLog, Novolin R, NovoSeven, NovoEight, and Victoza. Novo Nordisk markets its products in over 165 countries globally.

Regional Analysis:

The global Insulin Delivery devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Insulin Delivery devices Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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