Insulin delivery systems are used for administration of insulin through skin and into the fatty tissue below the skin. Insulin delivery systems includes insulin pen, insulin pump, insulin syringe, insulin jet injector, and insulin inhaler. Insulin pen offer patients an accurate and easy way to administer insulin anywhere the necessity arises. Insulin pens come in mainly two types, disposable insulin pen and reusable insulin pen.†
High prevalence rate coupled with increasing incidence of diabetes in developed as well as in developing countries, coupled with growing awareness among individuals about use of insulin delivery systems are major factors driving growth of the global insulin delivery systems market
Major and growing trend in the market is introduction of wireless insulin pens that can be connected to a smartphone and which can automatically dispense the required dosage of insulin whenever required. This is another factor expected to propel growth of the global insulin delivery systems market over the forecast period. Increasing obesity across the globe is a major cause of diabetes which is another factor supporting growth of target market to a significant extent. According to a study conducted by the Center for Disease Control and Prevention, in 2012, stated that 34.9% of US adults are obese.
North America market is expected to dominate the global insulin delivery systems market in terms of revenue, and is estimated to account for largest market share of over 35% in 2017 as compared to that of markets in other regions. Dominance by North America market is expected to continue over the forecast period owing to high prevalence rate coupled with increasing incidence of diabetes, and technological advancements in insulin delivery equipment in countries such as the US and Canada.¬† Major and growing trend in the market is introduction of wireless insulin pen that can be connected to a smartphone and automatically dispenses the required dosage of insulin is another factor expected to propel growth of the global insulin delivery market over the forecast period.
Key companies in this report are†Becton, Dickinson and Company, Eli Lilly and Company, Medtronic plc, Sanofi, Hoffmann-La Roche Ltd., Cellnovo Limited, Insulet Corporation, Tandem Diabetes Care, Inc., Companion Medical, Inc., Copernicus Sp. z o.o.
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