Smart Insulin Pens Market Regional Growth Overview, Future Trends, Industry Size, Gross Margin and Top Manufactures Recorded a Growth Rate of 10.4% by 2023

September 05 23:07 2019
Smart Insulin Pens Market Regional Growth Overview, Future Trends, Industry Size, Gross Margin and Top Manufactures Recorded a Growth Rate of 10.4% by 2023

Smart Insulin Pens Market
Smart Insulin Pens Market Growth Overview, Rising Trend and Growth Analysis by Product Type (First Generation Pens & Others), Usability (Disposable Pens & Others), and Distribution Channel (Online Medical Stores, Retail Pharmacies, Hospital Pharmacies, & Others)–Global Forecast till 2023

Smart Insulin Pens Market Outlook

The Global Smart Insulin Pens Market has recorded a growth rate of 10.4% CAGR, which is expected to spread by 2023. In the phase of its spread throughout the forecast period, the market is set to gain a valuation of 60 million USD simultaneously.

Smart insulin pens are used to transport insulin into diabetic patients. The smart insulin pens are easy simple, accurate, and practical to use as compared to the traditional syringe. The insulin pens are becoming popular mainly in developed countries to manage diabetes. Therefore, factors such as an increase in demand for self-injection devices, a rise in the prevalence of diabetes, and accuracy in dosage delivery of insulin are expected to drive the global smart insulin pens market growth.

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Key Players

Some of the key players in the global smart insulin pens market are,

Novo Nordisk A/S

Sanofi-Aventis US LLC.

Lilly USA LLC

Digital Medics Pty Ltd.

Emperra GmbH E-Health Technologies

Companion Medical

Biocorp

Diamesco Co. Ltd.

Smiths Medical NIPRO Medical Corporation

and InjexUK.

Global Smart Insulin Pens Market Segmentation

The global smart insulin pens market has been segmented by product type, usability, and distribution channel.

In terms of product type, the market has been classified as first-generation pens and second-generation pens. Among them, the second-generation pens segment has been further divided into Bluetooth-enabled and USB connected.

In terms of usability, the market has been segmented into disposable pens and reusable pens. Among them, reusable insulin pens segment is likely to be the fastest growing segment during the forecast period.

In terms of distribution channel, the market has been segmented into online medical stores, retail pharmacies, diabetes clinics, and hospital pharmacies.

TABLE OF CONTENTS:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

Chapter 3. Research Methodology

Chapter 4. Market Dynamics

Chapter 5. Market Factor Analysis

Chapter 6. Global Smart Insulin Pens Market, By Product Type

Chapter 7. Global Smart Insulin Pens Market, By Usability

Chapter 8. Global Smart Insulin Pens Market, By By Distribution Channel

Chapter 9. Global Smart Insulin Pens Market, By Region

Chapter 10. Company Landscape

To be Continued.

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Regional Analysis

Regionally the global smart insulin pen market has covered the main regions of the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

Among them, the Americas are expected to grasp the maximum share of global smart insulin pens market owing to the mounting prevalence of diabetes, favorable policies implemented by government and regulatory authorities, and the adoption of highly advanced technology. In records, in March 2018, The Food and Drug Administration (FDA) approved the maximum capacity insulin pen Toujeo (insulin glargine 300 units/mL), which is a long-acting insulin pen that reduces several dosages.

The European market is possible to be the second-largest smart insulin pens market. The market growth is attributed to the incidence of significant market players, an increase in the acceptance of advanced drug delivery devices, and a surge in the diabetic population. Conferring to the world diabetes foundation, more than 59 Million patients in Europe are misery from diabetes which approximately 9.1% of the whole population of Europe, the number is expected to reach 71.1 million by the end of 2040.

Whereas, Asia-Pacific is also expected to be the fastest-growing smart insulin pens market during the forecast period owing to the swelling prevalence of diabetes, increasing disposable income, and government activities for the expansion of the healthcare sector. Whereas, the market in the Middle East & Africa is also expected to hold the smallest share of the global smart insulin pens market owing to an underdeveloped healthcare sector, lack of technical knowledge, and inadequate medical facilities.

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LIST OF TABLES

Table 1 Global Smart Insulin Pens Market Synopsis, 2018–2023

Table 2 Global Smart Insulin Pens Market Estimates And Forecast, 2018–2023 (USD Million)

Table 3 Global Smart Insulin Pens Market, By Region, 2018–2023 (USD Million)

Table 4 Global Smart Insulin Pens Market, By Product Type, 2018–2023 (USD Million)

Table 5 Global Smart Insulin Pens Market, By Usability, 2018–2023 (USD Million)

Table 6 Global Smart Insulin Pens Market, By Distribution Channel, 2018–2023 (USD Million)

Table 7 North America: Smart Insulin Pens Market, By Product Type, 2018–2023 (USD Million)

Table 8 North America: Smart Insulin Pens Market, By Usability, 2018–2023 (USD Million)

To be Continued.

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