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Insulin Delivery Market Trends – Increasing prevalence of diabetes, and rapid innovations in advanced insulin delivery devices
VANCOUER, BC, CANADA, January 31, 2023 /EINPresswire.com/ — The global insulin delivery market size reached USD 17.80 billion in 2021 and is expected to register a revenue CAGR of 9.9% during the forecast period, according to the latest analysis by Emergen Research. Increasing number of diabetes patients across the globe, including increase in obese and elderly population, changes in lifestyles, and adequate/established healthcare services are driving market revenue growth. Revenue growth of the market is driven by favorable government policies and technological advancements. Several innovative methods of insulin therapy exist in various phases of research and availability worldwide, including insulin that can even be breathed. With rise in diabetes incidence among individuals, the market has been expanding quickly. Increasing use of technologically advanced products has significantly increased demand for insulin delivery devices. For instance, the most recent market buzz has been the recent clearance of interoperable insulin pumps.
Key Insulin Delivery Market participants include Sanofi Diabetes, Novo Nordisk, Omnipod Insulin Management, Eli Lilly and Company, Gerresheimer, Johnson and Johnson, Becton Dickinson and Company, F. Hoffmann-La Roche AG, B.Braun, and Medtronic Plc.
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How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Insulin Delivery Market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Insulin Delivery Market with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilize the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
Key inclusions of the Insulin Delivery Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Some Key Findings from the Report:
With the fastest revenue CAGR, the Type 2 diabetes sector is expected to generate considerable market revenue growth. Type 2 diabetes mellitus incidence is rising, and technological advancements are two primary drivers of revenue growth of the segment. In 2020, the Centers for Disease Control (CDC) estimated that more than 37 million Americans had type 2 diabetes.
During the forecast period, the insulin pump segment is expected to have considerable revenue growth. The functionality and dependability of insulin pumps have increased because of technological breakthroughs. One development in Continuous Subcutaneous Insulin Infusion (CSII) technology is the integration of Continuous Glucose Monitoring (CGM) with the insulin pump. Currently, these insulin pumps with Artificial Intelligence (AI) integration can manage the algorithm that determines blood glucose level of the user and automatically administers insulin.
Over the forecast period, the clinics segment is expected to register a steady segment revenue growth in terms of revenue share. This is owing to increasing availability of point-of-care diabetes management devices in clinics, presence of skilled general practitioners and nurses, and accessibility of affordable medical treatments. Patients are relying more on diabetic clinics as a result of general practitioners expertise in understanding the mechanism of insulin and aiding in improved diabetes care. This factors is expected to drive revenue growth of the segment during the forecast period.
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The Insulin Delivery Market research study of historical, current, and forecast estimations for each sector, segment, sub-segment, and regions. The new report is updated with the impact of the COVID-19 pandemic on the Insulin Delivery Market .
Emergen Research has segmented the global insulin delivery market based on diabetes type, device type, route of administration, end use, sales channel, and region:
Diabetes Type Outlook (Revenue, USD Billion; 2019-2030)
Type 1 Diabetes
Type 2 Diabetes
Gestational Diabetes
Prediabetes
Device Type Outlook (Revenue, USD Billion; 2019-2030)
Insulin Syringe
Insulin Pens
Disposable
Reusable
Insulin Jet Injectors
Insulin Pumps
Tethered
Patch
Insulin Needles
Standard Needles
Safety Needles
Insulin Inhalers
External Insulin
Implantable Insulin
Others
Route of Administration Outlook (Revenue, USD Billion; 2019-2030)
Oral/Buccal
Nasal
Subcutaneous Route
Transdermal Route
Others
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
United States
Europe
China
Japan
Southeast Asia
India
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
You need to discover how this will impact the Insulin Delivery Market market today, and over the next 10 years:
Our 250-page report provides 194 tables and 189 charts/graphs exclusively to you.
The report highlights key lucrative areas in the industry so you can target them – Now.
It contains in-depth analysis of global, regional and national sales and growth.
It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you Today how the Insulin Delivery Market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Thank you for reading our report. For further details or to inquire about customization, please let us know. We will offer you the report as per your needs.
Eric Lee
Emergen Research
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