The global insulin delivery devices market is projected to grow at a CAGR of 8.7% during 2019-2025. Various pivotal factors are boosting the market growth such as rising incidence and prevalence rate of diabetes, increasing awareness among the population towards diabetes and availability of a variety of insulin delivery devices in the market. Insulin is a necessary element required for the treatment of diabetes patients. Insulin enables a person’s body to use glucose from carbohydrates in the food consumed by the patient for future use.
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Rising diabetes patients are considered to be a key driver in the growth of the global insulin delivery devices market. According to the International Diabetes Federation (IDF), around 425 million people had diabetes across the globe in 2017, and this number is further estimated to rise to 6 million by 2045. This significant increase in the diabetes population will increase the demand for insulin, which in turn, will spur the growth of the global insulin delivery devices industry in the near future.
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Global Insulin Delivery Devices Market Segmentation
By Type
Insulin Syringes
Insulin Pens
Insulin Jet Injectors
Insulin Pumps
By End-User
Hospitals & Clinics
Homecare
Regional Analysis
North America
US
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
Animas LLC
Abbott Laboratories, Inc.
B. Braun Melsungen AG
Becton, Dickinson and Co.
Bigfoot Biomedical Inc.
Biocon Ltd.
Eli Lilly and Co.
F. Hoffmann-La Roche AG
Gerresheimer AG
Insulet Corp.
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