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Insulin Delivery Devices Global market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Insulin Delivery Devices Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LONDON, GREATER LONDON, UNITED KINGDOM, October 10, 2024 /EINPresswire / -- The insulin delivery devices market has expanded steadily, projected to grow from $16.38 billion in 2023 to $17.71 billion in 2024, at a CAGR of 8.1%. This growth can be attributed to the convenience of insulin delivery devices, favorable reimbursement policies, the increasing prevalence of obesity, a growing aging population, and the rising adoption of insulin pumps.
What Is The Estimated Market Size Of The Global Insulin Delivery Devices Market And Its Annual Growth Rate?
The market will grow to $24.32 billion by 2028, with a CAGR of 8.3%. Growth drivers include the increasing diabetic population, healthcare spending, and patient awareness. Key trends include digital integration, artificial pancreas development, and advancements in bionic technology.
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Growth Driver of The Insulin Delivery Devices Market
The increasing prevalence of diabetes is anticipated to support the growth of the insulin delivery device market moving forward. Diabetes is a chronic condition characterized by elevated blood sugar levels resulting from inadequate insulin production by the pancreas or the body's inability to effectively use insulin. The rates of diabetes are rising primarily due to factors such as sedentary lifestyles, poor dietary choices, and the escalating global obesity epidemic. Insulin delivery devices are crucial for diabetes management, helping individuals maintain their blood sugar levels effectively by administering insulin in a controlled and convenient manner, thereby preventing complications and promoting overall health.
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Which Market Players Are Driving The Insulin Delivery Devices Market Growth?
Major companies operating in the insulin delivery devices market are Sanofi SA, Abbott Laboratories, F. Hoffmann-La Roche Ltd., Medtronic Plc, Eli Lilly and Company, Novo Nordisk A/S, Becton, Dickinson and Company, EOFlow Co. Ltd., Insulet Corporation, Tandem Diabetes Care Inc., Ypsomed Holding AG, Xeris Pharmaceuticals Inc., Beta Bionics Inc., Zealand Pharma AS, Bigfoot Biomedical Inc., Emperra GmbH, Animas Corporation, Debiotech SA, CeQur Corporation, Aerami Therapeutics Inc., Alshifa Medical Group, AMF Medical SA, Andain Inc., Avecho Biotechnology Ltd., Apex Medical Devices
What Are The Emerging Trends Shaping The Insulin Delivery Devices Market Size ?
Companies in the insulin delivery device market are focusing on developing products like insulin pumps that offer continuous or customizable insulin delivery. These programmable devices deliver insulin through a catheter placed under the skin, meeting the needs of individuals with diabetes by providing a reliable and convenient method of insulin management.
How Is The Global Insulin Delivery Devices Market Segmented?
1) By Type: Insulin Syringes, Insulin Jet Injectors, Pen Needles, Reusable Insulin Pens, Disposable Insulin Pens, Insulin Pumps, External Or Tethered Pumps, Patch Pumps
2) By Disease Indication: Type 1, Type 2
3) By Distribution Channels: Hospital Pharmacies, Retail Pharmacies, Online Sales, Diabetes Clinics Or Centres
Geographical Insights: North America Leading The Insulin Delivery Devices Market
North America was the largest region in the insulin delivery devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the insulin delivery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Insulin Delivery Devices Market Definition
Insulin delivery devices are essential medical tools for administering insulin to individuals with diabetes, crucial for managing blood glucose levels. These devices offer flexibility and convenience in insulin administration, enabling individuals to effectively manage their condition and maintain optimal blood sugar levels for better health outcomes.
Insulin Delivery Devices Global Market Report 2024 from The Business Research Company covers the following information:
. Market size data for the forecast period: Historical and Future
. Macroeconomic factors affecting the market in the short and long run
. Analysis of the macro and micro economic factors that have affected the market in the past five years
. Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
. Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global insulin delivery devices market report covering trends, opportunities, strategies, and more
The Insulin Delivery Devices Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on insulin delivery devices market size, drivers and trends, insulin delivery devices market major players, competitors' revenues, market positioning, and market growth across geographies. The market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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The Business Research Company
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