Insulin Delivery Devices Market – Global Outlook and Demand 2025
Increasing awareness and growing demand for insulin delivery devices for diabetes control are factors contributing towards the market growth. North America, followed by Europe are the largest markets for insulin delivery devices. Increasing prevalence of lifestyle associated diseases, implementation of awareness programs regarding diabetes, and higher adoption rate of advanced medical devices contributes towards the growth of the market in North America. For instance, in 2010, according to Journal of Diabetes Science and Technology, insulin pumps were more widely used on the American side of the Atlantic than on the European side. As a result, insulin pumps is expected to gain demand quickly during the second half of the forecast period. Furthermore, In 2016, the UAE Ministry of Health and Prevention in partnership with the Emirates Diabetes Society and Ministry with AstraZeneca Gulf, has launched Circle of Care, an education and support Programme aimed to improve the well-being of people in the UAE living with or at risk of developing type 2 diabetes thus expected to boost the growth over the forecast period.
Increasing awareness and growing demand for insulin delivery devices for diabetes control are factors contributing towards the market growth. North America, followed by Europe are the largest markets for insulin delivery devices. Increasing prevalence of lifestyle associated diseases, implementation of awareness programs regarding diabetes, and higher adoption rate of advanced medical devices contributes towards the growth of the market in North America. For instance, in 2010, according to Journal of Diabetes Science and Technology, insulin pumps were more widely used on the American side of the Atlantic than on the European side. As a result, insulin pumps is expected to gain demand quickly during the second half of the forecast period. Furthermore, In 2016, the UAE Ministry of Health and Prevention in partnership with the Emirates Diabetes Society and Ministry with AstraZeneca Gulf, has launched Circle of Care, an education and support Programme aimed to improve the well-being of people in the UAE living with or at risk of developing type 2 diabetes thus expected to boost the growth over the forecast period.
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<strong>Insulin</strong> <strong>Delivery</strong> <strong>Devices</strong> <strong>Market</strong> -<br />
GLOBAL INDUSTRY INSIGHTS, TRENDS,<br />
OUTLOOK, AND OPPORTUNITY ANALYSIS, 2017-<br />
<strong>2025</strong><br />
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REPORT DESCRIPTION<br />
<strong>Insulin</strong> <strong>Delivery</strong> <strong>Devices</strong> <strong>Market</strong> <strong>–</strong> Overview<br />
<strong>Insulin</strong> is vital for people suffering from type 1 diabetes <strong>and</strong> type 2 diabetes. In the past, patients with diabetes had to inject<br />
insulin using large glass syringes <strong>and</strong> reusable needles, both of which needed sterilization by boiling after each use.<br />
Improvements <strong>and</strong> innovations has led to development of insulin delivery devices such as pens <strong>and</strong> insulin pumps.<br />
Furthermore, insulin analogs have become available that enable both continuous subcutaneous insulin infusion(CSII) using<br />
an insulin pump <strong>and</strong> insulin therapy using multiple daily injections (MDI) to more closely match physiologic insulin<br />
patterns. Type or dosage of insulin can be changed, to meet the individual needs of the patient. <strong>Insulin</strong> can be packaged in<br />
vials (bottles), cartridges or prefilled pens. The cartridges are used with pen injectors whereas the vials are used with<br />
syringes.<br />
The global insulin delivery devices market was valued at US$ 11,326.9 million in 2017 <strong>and</strong> is expected to witness a CAGR of<br />
11.3% over the forecast period (2017<strong>–</strong><strong>2025</strong>).<br />
Increasing prevalence <strong>and</strong> incidence of diabetes is a major factor driving the insulin delivery devices market growth. According to<br />
the Centers for Disease Control <strong>and</strong> Prevention (CDC), 2014, about 29.1 million people in the U.S. have diabetes with a healthcare<br />
burden of around US$ 245 Bn <strong>and</strong> with an estimated 4.6<strong>–</strong>9.2% of pregnant women affected by gestational diabetes. Moreover, the<br />
Australian government launched National Diabetes Strategy (2016<strong>–</strong>20), for an action to prevent diabetes <strong>and</strong> support the people<br />
living with diabetes. Thus, rise in government initiatives to support diabetic patients is expected to favor growth of the insulin<br />
delivery devices market.<br />
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REPORT DESCRIPTION<br />
<strong>Insulin</strong> <strong>Delivery</strong> <strong>Devices</strong> <strong>Market</strong> Taxonomy:<br />
●<br />
By Product Type:<br />
<strong>Insulin</strong> Syringes<br />
<strong>Insulin</strong> Pens<br />
<strong>Insulin</strong> Pumps<br />
<strong>Insulin</strong> Jet Injectors<br />
●<br />
By Distribution Channel:<br />
Hospital Pharmacies<br />
Retail Pharmacies<br />
Online Pharmacies<br />
●<br />
By Geography:<br />
North America<br />
Asia Pacific<br />
Europe<br />
Latin America<br />
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REPORT DESCRIPTION<br />
<strong>Insulin</strong> <strong>Delivery</strong> <strong>Devices</strong> <strong>Market</strong>: Key Players<br />
Major players involved in the global insulin delivery devices market include:<br />
Key players in the market are focusing on developing next generation devices to remain competitive, while<br />
seeking ways to enhance their design capabilities. For instance, in October 2017, Eli Lilly <strong>and</strong> Company<br />
announced its plans to invest US$ 72 million in an insulin manufacturing project at one of its Indianapolis<br />
facilities. The investment will be used to replace an existing insulin vial filling line <strong>and</strong> allow Lilly to meet growing<br />
dem<strong>and</strong> for its insulins - including Humalog (insulin lispro) <strong>and</strong> Humulin (human insulin) - while upgrading to<br />
state-of-the-art technology <strong>and</strong> preparing for its insulin pipeline.<br />
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