Insulin Delivery Devices Market Explored in Latest Research
According to a new market research study titled ‘Insulin Delivery Devices Market to 2025 – Global Analysis and Forecasts by Product and End User, the global insulin delivery devices market is expected to reach US$ 22,830.0 Mn in 2025 from US$ 11,869.0 Mn in 2017. The market is estimated to grow with a CAGR of 8.7% from 2018-2025. The report highlights the trends prevalent in the global insulin delivery devices market and the factors driving the market along with those that act as deterrents to its growth. The market is expected to grow due to the increasing prevalence of diabetes, rapid growth in the geriatric population and technological advancements. However, the high cost of insulin delivery devices and complications & risk associated with the delivery of insulin are expected to act as a major challenges hindering the market growth in the forecast period.
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The report segments the global insulin delivery devices market as follows:
· Global Insulin Delivery Devices Market – By Product
o Reusable Insulin Pens
o Disposable Insulin Pens
§ Insulin Pumps
o Tube Pumps
o Patch Pumps
§ Insulin Syringes
§ Pen Needles
o Standard Pen Needles
o Safety Pen Needles
§ Others
· Global Insulin Delivery Devices Market – By End User
§ Patients/Homecare
§ Hospitals & Clinics
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Some of the key players operating the global insulin delivery devices market include BD, B. Braun Melsungen AG, Insulet Corporation, Medtronic, Tandem Diabetes Care, Inc., Eli Lilly and Company, Biocon, Owen Mumford, Ltd., and Sanofi among others.
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