Insulin is a
necessary element for the treatment of for the type 1 and type 2 diabetic
patients. It cannot be taken as a pill or a swallowed liquid, as it is easily
broken down by the digestive system before reaching the bloodstream. Insulin is
mostly injected or infused into the fatty tissue under the skin. There are diverse
types of insulin delivery devices including syringes, insulin pens, jet
injectors, and insulin pumps. The choice or selection of the device is done
based on type of patient, insulin regimen, ability to manipulate or operate a
device and visual ability.
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The global
insulin delivery devices market is estimated and forecasted in terms of revenue
(USD million) generated by the market. The
insulin
delivery devices market is primarily driven by rising diabetic
population and increasing number of geriatric and obesity population.
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·
The
report analyses the global insulin delivery devices market by type into pens,
insulin pumps, pen needles and insulin syringes and other.
·
The
pen segment is further segmented into reusable insulin pens and disposable
insulin pens.
·
Insulin
pumps are sub segmented into external/tethered pumps and patch pumps.
·
pen
needles segment is further bifurcated into standard pen needles and safety pen
needles.
·
The
insulin pen segment dominated the market in 2017 and is estimated to account
for highest CAGR, owing to easy availability and low cost of pen segment.
·
The
insulin delivery devices market is bifurcated into patients/homecare and
hospitals & clinics.
·
The
patients/homecare segment is expected to hold larger market share of the global
insulin delivery devices market during the forecast period.
·
The
increasing prevalence of diabetic population and development and innovation of
products suitable for homecare use are the major factor leading to the growth
of the patient/ homecare segment.
·
By
geography, the global insulin deliver delivery market is studied across the
countries of key regions such as, North America, Europe, Asia Pacific, Latin
·
North
America accounted for the largest share in the insulin delivery devices market
in 2017,
·
Asia
Pacific region is projected to be the fastest region.
·
The
largest share of the market is attributed to well-defined reimbursement
policies and growing awareness related to diabetic disorders in the developed
and developing countries.
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