New Opportunities to Insulin Delivery Devices Market Report and Forecast up to 2020

Globally the market for Insulin Delivery Device is anticipated to grow at the rate of about 6.9% from 2014 to 2020. Insulin delivery devices are used for titrated and accurate delivery of insulin. Diabetes type I being a chronic disease requires a lifelong treatment with insulin which has resulted in the development of less painful and less invasive delivery systems.

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The growth of the insulin delivery market can be attributed to factors such as high returns on investment, favourable reimbursement scenario, demand for non-invasive delivery systems, technological advancements in insulin delivery devices, growing diabetic population, rising awareness and others. The constraining factors are cost of the insulin delivery devices, presence of low cost manufacturers especially China and others.

Insulin Delivery Devices Market Scenario:
Diabetes is a chronic disease caused due to inadequate production or inappropriate use of insulin in the body. It mainly comprises two types which is Type 1 and Type 2 diabetes. Insulin is delivered with the help of various delivery devices such as insulin pumps, pen injectors, insulin syringe and jet injectors. Increasing prevalence of diabetes, rising obesity endemic, increasing awareness among people about diabetic care and technological advancement in delivery devices are some of the factors affecting the growth of the insulin delivery device market.

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Key Finding:
The insulin delivery devices global market and is expected to reach $14.21 billion by 2020. Insulin syringe hold the largest share of the market. Globally, Asia-Pacific the fastest growing region and expected to grow at the rate of 7.9% during the forecast period.

Insulin Delivery Devices Market Segments:
Insulin Delivery Devices market has been segmented on the basis of type which comprises of Insulin Syringe, Insulin Pumps, Insulin Pens, Insulin Jet Injectors.

Key Players for Insulin Delivery Devices Market:
Some of the key players in this market are: F. Hoffmann-La Roche, Eli Lilly and Company, Sanofi, Medtronic, Inc, Novo Nordisk A/S and Becton, Dickinson and Company, B. Braun Melsungen AG, Animas Corporation, Ypsomed Holdings AG, and Insulet Corporation.

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