Global Insulin Delivery Devices Market Insights
Insulin is a hormone that regulates blood-sugar levels in diabetic patients. There are several ways to administer insulin to a patient using various devices such as syringes, pens, pumps, jet sprays, etc. The global insulin delivery devices market is expected to foray ahead at a healthy CAGR of 7% over a forecast period of 2020-2030. Analyzing through the market lens, it is expected to climb up in terms of revenue, to US$ 14 billion by the end of FY 2020.
Sample Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=5105
Advancements in technologies such as self-administering insulin pens and smart insulin pumps have also proven to be a major driver in the growth of the market. Moreover, new ways of obtaining insulin delivery devices, such as online sales, have become all the more convenient for patients, globally. The global insulin delivery devices market is forecast to expand at a healthy growth rate of 7% during the years 2020-2030.
Key Takeaways from Insulin Delivery Devices Market Study
- The global insulin delivery devices market will see an exponential growth to US $28 billion by 2030.
- Insulin pens are the leading product type in the market, accounting for more than 35% of overall market revenue.
- North America is the dominant region in the market, comprising more than one-fourth of the overall market, due to increased cases of diabetes and obesity.
- Regions such as Asia will see significant growth in the market, based on exponential increase in the population in these regions.
- The COVID-19 pandemic has proven to be a booster the revenue of the insulin delivery devices market, globally.
Customized Reports – https://www.factmr.com/connectus/sample?flag=RC&rep_id=5105
Introduction of Artificial Intelligence in Insulin Delivery Devices Market
Advancement of technologies in insulin delivery devices is an important driver for the market. Leading market player Novo Nordisk partnered with Health2Sync in 2019 to create AI-powered insulin delivery devices for patients. These devices have an increased convenience factor, resulting in an increase in overall market revenue of the company. As such, other market players would also step out from traditional technologies and witness increased targeted revenues.
“Advancements in technologies and introduction of smart insulin delivery devices are expected to boost the revenue of the insulin delivery devices market,” says a FACT.MR analyst.
Insulin Delivery Devices Market: Segmentation
Fact.MR has studied the insulin delivery devices market with detailed segmentation on the basis of type, distribution channel, and key regions.
Type
- Insulin Pens
- Insulin Syringes
- Insulin Pumps
- Others
Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Sales
- Diabetes Clinics/Centers
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Research Methodology – https://www.factmr.com/connectus/sample?flag=RM&rep_id=5105
Report Benefits & Key Questions Answered
- Solar Powered Car Market Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Solar Powered Car Market Historical volume analysis: The report provides a comparison of Canned Cocktails Market historical sales and projected sales performance for 2021-2031.
- Solar Powered Car Market Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Solar Powered Car Market It carefully gauges the impact of changing healthcare needs of key demographics globally
- Solar Powered Car Market Consumption by demographics: The report investigates consumer behavior affecting Solar Powered Car Market demand outlook for the assessment period. Effect of their keenness for digital trends on Solar Powered Car Market is carefully analyzed
- Post COVID consumer spending on Solar Powered Car Market Consumption: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Solar Powered Car Market growth.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com