Indore, Dec 2017: Orion Market Research (OMR) recently published a market research report on Global Insulin delivery devices Market According to OMR analysis, the Global Insulin Delivery Devices Market is expected to grow impressively at a CAGR of 8.5 % during 2017-2022. The Global Insulin Delivery Devices Market has witnessed a significant growth due to increasing diabetic patients globally along with accelerating demand for accurate insulin delivery devices. The market has been segmented on the basis of device type, distribution channel, end-user industry and geography. The report provides detailed and insightful chapters on Market Overview, Key Findings, Strategic Recommendations, Market Estimations, Market Determinants, Sector Analysis, Key Company Analysis, Market Insights, Company Profiling, Market Segmentation, Geographical Analysis, Analyst Insights and Predictive Analysis of the Market.
"The Global Insulin Delivery Devices Market has been motivated by the increasing demand for insulin delivery devices due to rising prevalence of diabetic patients globally. As per data provided by WHO, the number of people with diabetes has increased from 108 million in 1980 to 422 million in 2014. Moreover, about 1.6 million deaths were reported due to diabetes in 2015. This significant increase in diabetes population and its effects have shifted the insulin delivery devices market to a brighter side. Additionally, government support and reimbursement policies in some countries such as the U.S are driving the market growth in a positive manner. Medicare, the Children's Health Insurance Program (CHIP), TRICARE, and veterans" health care programs offered by Federal Government are driving the market growth. The features of insulin delivery devices including its accuracy, efficiency and cost-effectiveness attract the customers from different regions and thus drive the market growth.
Lack of reimbursement policies in some emerging economies such as Czech Republic, which do not prioritize diseases such as diabetes and the risks of infections associated with some devices are hindering the market growth. However, technological advancements in products manufacturing which can prevent contamination along with increasing diabetes spending are expected to drive the market during the forecast period.
Global Insulin Delivery Devices Market by region includes North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). North America dominates the Global Insulin Delivery Devices Market due to the strong reimbursement policies and high adoption of insulin delivery devices. Moreover, early diagnosis of diabetes, which is common in the region motivates the diabetic population to adopt these devices and drives the market growth. APAC has created a huge scope for insulin delivery devices market due to more number of diabetes patients in heavily populated Asian countries such as China, India, Japan and so on. Various corporate strategies such as the launch of new products, R&D, partnership, mergers and acquisition are widely adopted by key players in the insulin delivery devices market.
The report covers:
- Comprehensive research methodology of Insulin delivery devices market
- In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Global Insulin Delivery Devices Market
- Insights about market determinants which are stimulating the global Insulin Delivery Devices Market
For more information, visit: https://www.omrglobal.com/industry-reports/insulin-delivery-devices-market/