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Insulin Delivery Devices Market Future Challenges and Industry Growth Outlook by 2020-2025

Author : Ronak Bora | Published Date : 2020-09-10 

Insulin Delivery Devices Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

The insulin delivery devices market is anticipated to register lucrative revenues proceeds over the years on account of increasing number of diabetes cases worldwide. With a meteoric rise in diabetes related disorders, patients across the globe are seeking to adopt advanced insulin delivery and diabetes management devices for treating their clinical condition.

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Diabetes is one of the most common diseases among middle-aged population. According to a report published by the American Diabetes Association, almost 10% of the total U.S. population, or nearly 30 million Americans, suffered from diabetes in 2015. Increasing number of diabetes patients arising from undeveloped regions could massively boost the demand for insulin delivery devices over the forthcoming years.

Mounting number of product development activities coupled with the introduction of latest diagnostic products across under-addressed regions could broaden business horizon. GMI, thereby suggests that the insulin delivery devices market may reach USD 20 billion by the year 2025. Additionally, proliferating demand for minimally invasive delivery solutions could further enhance product adoption rate.

However, high cost of certain insulin delivery devices could become a huge hindering factor for industry growth. People living in developing as well as under-developed countries may face issues affording high-priced delivery systems. Moreover, inadequate awareness about the availability of multiple insulin delivery methods could impede business growth.

Elaborating on the regional landscape, the U.S. is forecasted to be a promising market for insulin delivery devices. Earlier in 2018, the region controlled more than 40% of the overall market share, bagging a valuation of almost USD 5,333.9 million. United States has one of the highest prevalence of diabetes and has access to some of the most advanced healthcare facilities.

Factors like increasing government initiatives, growing awareness among citizens, rise in adoption of novel insulin delivery products, and rapid technological advancements could play a crucial role in strengthening the U.S. insulin delivery devices market growth.

As in Europe, the market is likely to witness increasing demand for insulin pumps over the predicted timeframe. Germany comes as one of the largest marketplaces for insulin delivery systems in Europe, holding roughly 30% of the total industry share. As per WHO, there are nearly 60 million people in the European region who are suffering from diabetes. It is observed that the prevalence of diabetes is rising among all age groups across the region majorly due to increase in morbid obesity, unhealthy diet and lifestyle.

Companies operating in the insulin delivery devices industry are focusing on launching technologically advanced products, mergers and geographical expansion activities to enhance consumer base and global market reach. Speaking on product launch, in June 2020, Medtronic introduced a new version of its hybrid closed-loop insulin delivery system, capable of improving blood sugar control in young adults and adolescents with Type 1 diabetes. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/insulin-delivery-devices-market

Partial Chapter of the Table of Content 

Chapter 4. Insulin Delivery Devices Market, By Product

4.1. Key segment trends

4.2. Pumps

4.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.2. Tubed pumps

4.2.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.3. Tubeless/patch pumps

4.2.3.1. Market size, by region, 2014 – 2025 (USD Million)

4.3. Pens

4.3.1.1. Market size, by region, 2014 – 2025 (USD Million)

4.3.2. Reusable pens

4.3.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.3.3. Disposable pens

4.3.3.1. Market size, by region, 2014 – 2025 (USD Million)

4.4. Pen needles

4.4.1. Market size, by region, 2014 – 2025 (USD Million)

4.4.2. Standard

4.4.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.4.3. Safety

4.4.3.1. Market size, by region, 2014 – 2025 (USD Million)

4.5. Syringes

4.5.1. Market size, by region, 2014 – 2025 (USD Million)

4.6. Others

4.6.1. Market size, by region, 2014 – 2025 (USD Million)

Chapter 5. Insulin Delivery Devices Market, By Region

5.1. Key regional trends

5.2. North America

5.2.1. Market size, by country, 2014 – 2025 (USD Million)

5.2.2. Market size, by product, 2014 – 2025 (USD Million)

5.2.3. U.S.

5.2.3.1. Market size, by product, 2014 – 2025 (USD Million)

5.2.4. Canada

5.2.4.1. Market size, by product, 2014 – 2025 (USD Million)

5.3. Europe

5.3.1. Market size, by country, 2014 – 2025 (USD Million)

5.3.2. Market size, by product, 2014 – 2025 (USD Million)

5.3.3. Germany

5.3.3.1. Market size, by product, 2014 – 2025 (USD Million)

5.3.4. UK

5.3.4.1. Market size, by product, 2014 – 2025 (USD Million)

5.3.5. France

5.3.5.1. Market size, by product, 2014 – 2025 (USD Million)

5.3.6. Spain

5.3.6.1. Market size, by product, 2014 – 2025 (USD Million)

5.3.7. Italy

5.3.7.1. Market size, by product, 2014 – 2025 (USD Million)

5.4. Asia Pacific

5.4.1. Market size, by country, 2014 – 2025 (USD Million)

5.4.2. Market size, by product, 2014 – 2025 (USD Million)

5.4.3. China

5.4.3.1. Market size, by product, 2014 – 2025 (USD Million)

5.4.4. Japan

5.4.4.1. Market size, by product, 2014 – 2025 (USD Million)

5.4.5. India

5.4.5.1. Market size, by product, 2014 – 2025 (USD Million)

5.4.6. South Korea

5.4.6.1. Market size, by product, 2014 – 2025 (USD Million)

5.4.7. Australia

5.4.7.1. Market size, by product, 2014 – 2025 (USD Million)

5.5. Latin America

5.5.1. Market size, by country, 2014 – 2025 (USD Million)

5.5.2. Market size, by product, 2014 – 2025 (USD Million)

5.5.3. Brazil

5.5.3.1. Market size, by product, 2014 – 2025 (USD Million)

5.5.4. Mexico

5.5.4.1. Market size, by product, 2014 – 2025 (USD Million)

5.6. Middle East & Africa

5.6.1. Market size, by country, 2014 – 2025 (USD Million)

5.6.2. Market size, by product, 2014 – 2025 (USD Million)

5.6.3. South Africa

5.6.3.1. Market size, by product, 2014 – 2025 (USD Million)

5.6.4. Saudi Arabia

5.6.4.1. M Market size, by product, 2014 – 2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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