openPR Logo
Press release

Global Insulin Delivery Devices Market: Growing Prevalence of Diabetes Driving Demand, notes TMR

09-01-2017 09:54 PM CET | Health & Medicine

Press release from: Transparency Market Research

Global Insulin Delivery Devices Market: Growing Prevalence

As per the findings of a recent study by Transparency Market Research (TMR), the global insulin delivery devices market is largely fragmented, owing to the presence of a number of global players as well as quite a few local players. Some of the key companies identified by the report as prominent participants in the global insulin delivery devices market are: Eli Lilly and Company, Novo Nordisk A/S, B. Braun Melsungen AG, Sanofi S.A., Medtronic plc., Becton, Dickinson and Company, and F. Hoffmann-La Roche Ltd. This report projects the demand in the global insulin delivery devices market to expand at a healthy CAGR of 8.6% during the forecast period of 2017 to 2025, estimating it to reach a global worth of US$20.9 bn by the end of 2025, considerably up from its evaluated valuation of US$10.2 bn in 2016.

View Report @ http://www.transparencymarketresearch.com/pressrelease/insulin-delivery-devices-market.htm

The TMR report detects that vendors operating in the global insulin delivery devices market are coping up with the intense competition via pricing and the development of devices that differentiates them from their competitors. In the near future, strategic alliances, particularly with mushrooming number of diabetic clinics, aggressive marketing, and providing home services to the patients are expected to help the companies to gain market shares. For example, Medtronic and Sanofi collaborated in June 2014 to develop drug-device combinations for diabetic patients. In this partnership, Medtronic brought its expertise in glucose monitoring and pump therapy while Sanofi are known for their wide-ranging insulin products.

Insulin Pens Most In-Demand Segment

Product-wise, this report segments the global insulin delivery devices market into insulin syringes, insulin pumps, insulin pens, insulin patches, and needle free injection jet. In 2016, the insulin pens segment accounted for 42% of the overall demand, which is a reflection of its preference across vastly populated region of Asia Pacific as well as in the developed region of Europe. The report observes that nearly 90% of the diabetic population prefer using insulin pens in those two regions, unlike leading North American country of the U.S. wherein merely 25% of patients utilize insulin pens. However, the report notes growing usage of insulin pens in the U.S. too, as they offer less pain as compared to traditional syringes.

North America Highly Lucrative Region

Geographically, the report takes stock of the potential of insulin delivery devices market in the regions of North America, Asia Pacific, Europe, Latin America, and The Middle East and Africa. In 2016, North America was the leading region, accounting for 37.5% of the overall demand, which can be attributed to high prevalence of diabetes in the developed country of the U.S., along with high adoptability rate of new technology. As a result, insulin pumps and reusable pens are also expected to gain demand quickly during the second half of the forecast period. In addition to that, high diagnosis rate and the availability of well-defined reimbursement policies are other factors favoring the insulin delivery devices market in the region of North America. On the other hand, the region of Asia Pacific, which houses nearly the half of the world’s population, is projected to increment the demand at most prominent growth rate in the near future.

Government Support in Emerging Economies Driving Demand

Apart from growing prevalence of diabetes, the demand in the global insulin delivery devices market is expected to gain added traction from a number of other factors such as technological advancements in these devices, favorable reimbursement policies in the developed countries, government support, and awareness programs such as conferences and meetings. On the other hand, the lack of proper reimbursement policies in a number of emerging economies, needle anxiety among the consumers, and the development of oral insulin as an alternative is hindering the market from attaining its true potential.

Get accurate market forecast and analysis on the Insulin Delivery Devices Market. Request a sample to stay abreast on the key trends impacting this market.

http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=29459

As per the author of the report, increasing research and development activities, increasing diabetes-related expenditure in various countries, and the development of safety needles will open new revenue avenues for the vendors operating in the global insulin delivery devices market.

The information presented in this review is based on a Transparency Market Research report, titled, “Insulin Delivery Devices Market (Product Type - Insulin Syringe, Insulin Pens, and Insulin Pumps; Distribution Channel - Hospital Pharmacy, Retail Pharmacy, Online Sales, and Diabetes Clinics and Centers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”

Key Segments of the Global Insulin Delivery Devices Market

Insulin Delivery Devices Market, by Product Type

Insulin syringe
Insulin Pens
Disposable Pens
Reusable Pens
Pen Needles
Insulin Pumps
Tethered Insulin Pumps
Disposable/Patch Insulin Pumps
Others (Insulin Patches & needle Free Injection Jet)
Insulin Delivery Devices Market, by Distribution Channels

Hospital Pharmacy
Retail Pharmacy
Online Sales
Diabetes Clinics/ Centers
Insulin Delivery Devices Market, by Geography

North America
U.S.
Canada
Europe
Germany
France
Italy
Spain
U.K.
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia & New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa 

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Insulin Delivery Devices Market: Growing Prevalence of Diabetes Driving Demand, notes TMR here

News-ID: 695744 • Views: 513

More Releases from Transparency Market Research

Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ https://www.transparencymarketresearch.com/flavored-syrup-market.html Increasing demand of flavored syrups especially among the consumers contributes to the

All 5 Releases


More Releases for Insulin

Insulin Patch Pumps Market Report 2018: Segmentation by Insulin Type (Bolus Insu …
Global Insulin Patch Pumps market research report provides company profile for Roche Holding AG, Cellnovo Group SA, Spring Health Solution Ltd., Debiotech, CeQur SA, Valeritas, Becton Dickenson & Company, Insulet Corporation, Johnson & Johnson, Medtrum Technologies Inc. and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue,
Insulin Delivery Devices Market - Insights
Insulin is vital for people suffering from type 1 diabetes and type 2 diabetes. In the past, patients with diabetes had to inject insulin using large glass syringes and reusable needles, both of which needed sterilization by boiling after each use. Improvements and innovations has led to development of insulin delivery devices such as pens and insulin pumps. Furthermore, insulin analogs have become available that enable both continuous subcutaneous insulin
Biosimilar Insulin Market Access
Boston, MA ReportsWorldwide has announced the addition of a new report title Biosimilar Insulin Market Access to its growing collection of premium market research reports. Biosimilar competition is providing payers with opportunities to contain costs in a category that accounts for a significant proportion of total drug expenditure. The launch of the biosimilar insulin Basaglar is a threat to the insulin-based product market, which includes long-time reference product Lantus as well as newer
Biosimilar Insulin Market Access
ReportsWorldwide has announced the addition of a new report title Biosimilar Insulin Market Access to its growing collection of premium market research reports. Biosimilar competition is providing payers with opportunities to contain costs in a category that accounts for a significant proportion of total drug expenditure. The launch of the biosimilar insulin Basaglar is a threat to the insulin-based product market, which includes long-time reference product Lantus as well as newer entrants
Biosimilar Insulin Market Biosimilar Insulin Clinical Pipeline Report 2022
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990 Report Table of Contents Prologue to Insulin Biosimilars 1.1 Outline Towards Insulin 1.2 Trail of Insulin Evolution and Development Rationale Design of Insulin Molecule 2.1 Structure of Insulin Polypeptide 2.2 Biosynthesis of Insulin 2.3 Secretion of Insulin Mechanism of Insulin in Diabetics 3.1 Glucose Metabolism of Insulin 3.2 Impact of Insulin Dysregulation in Diabetes 1 3.3 Impact
Global Insulin Delivery Machine Market: By Types - Insulin Pens, Insulin Pumps, …
Latest industry research report on: Global Insulin Delivery Machine Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Request For Sample Report @https://www.marketresearchreports.biz/sample/sample/1181480 This report studies Insulin Delivery Machine in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top manufacturers in