New York, NY, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Insulin Delivery Devices Market by Product (Insulin Pens, Insulin Syringes, and Insulin Pumps) and Distribution Channel (Diabetes Clinics and Centers, Retail Pharmacy, Hospital Pharmacy, and Online Sales): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017–2024”. According to the report, the global insulin delivery devices market was valued at approximately USD 10.3 billion in 2017 and is expected to generate revenue of around USD 18.5 billion by 2024, growing at a CAGR of around 8.9% between 2018 and 2024.
Insulin promotes the absorption of glucose from the blood into skeletal muscle cells, liver, and fat. The production and secretion of glucose by the liver is firmly repressed by extraordinary insulin concentrations in the blood. If the sugar level in the body is more than what is required, insulin plays a major role in storing sugar in the liver. This stored sugar is released when the blood sugar level is low or when the body requires more sugar. Diabetes affects the body’s capability to process blood sugar. Gestational diabetes, type 1, and type 2 are three major diabetes types. People living with type 1 diabetes are completely dependent on insulin and have to take artificial insulin on a daily basis.
Browse through 62 Tables & 22 Figures spread over 110 Pages and in-depth TOC on “Global Insulin Delivery Devices Market Size & Share 2017: By Type, Industry Growth, Analysis, and Forecast to 2024”.
Request Free Sample Report of Global Insulin Delivery Devices Market Report @ https://www.zionmarketresearch.com/sample/insulin-delivery-devices-market
Insulin has to be injected under the skin into the fatty tissue. A wide variety of devices are employed for the supply of insulin, including pens, syringes, injectors, and pumps. There is no one universal device that can be used by everyone. Multiple factors determine the decision to use a particular device for a diabetic patient. These factors include the patient’s insulin regimen, the patient’s ability to get operated, insurance coverage, visual ability, and affordability of the device. Syringes are the most common type of insulin delivery method. Medical syringes containing needles with a special coat are used that make injecting as painless as possible. Insulin pens are also used widely for insulin delivery, as they are easy to use and easy to carry. Insulin pumps are gaining popularity due to their several unique features. Insulin pumps are most often used by type 2 diabetes patients.
As per the WHO, the diabetic population has grown from 108 million adults in 1980 to approximately 422 million adults in 2014. Furthermore, diabetic prevalence globally has doubled from 4.7% in 1980 to around 8.5% in 2014. According to the latest statistics for the United States of 2017, approximately 30 million people have diabetes, out of which around 24 million patients were diagnosed and around 6 million patients continue to be undiagnosed.
Download Free Report PDF Brochure: https://www.zionmarketresearch.com/requestbrochure/insulin-delivery-devices-market
Rise in chronic diseases associated with diabetes, injury recovery time, increase in the demand for insulin transmission products, and growing awareness regarding insulin delivery products are likely to act as major growth driving factors in the global insulin delivery devices market. Furthermore, increase in the occurrences of pediatric and geriatric diabetes, various advantages offered by minimally invasive treatment options, such as pumps, improved functioning and design of insulin devices, unhealthy eating habits, lack of active lifestyle, increasing healthcare expenditure, and increasing research and development activities, are also projected to propel this market’s growth. Efforts taken by various governments and non-government organizations to increase awareness regarding insulin devices and rapid advancements in the technology are anticipated to act as opportunities for the players operating in the insulin delivery devices market. However, the high cost of insulin devices, the discrepancy in insulin uptake adherence, needle-phobia of many individuals, resistance to self-injection, inadequate per capita expenditure on diabetes, and the absence of insurance and reimbursement in developing regions might restrict the global insulin delivery devices market.
The global insulin delivery devices market is segmented based on product and distribution channel. By product, the insulin delivery devices market is classified into insulin pens, insulin syringes, and insulin pumps. Insulin pens hold the largest market share, due to increased demand for improved diabetes management and minimally invasive property of pens. The distribution channel segment includes diabetes clinics and centers, retail pharmacy, hospital pharmacy, and online sales.
Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/insulin-delivery-devices-market
North America is an established region for insulin delivery devices market and is likely to show fast growth in the near future. The U.S. is the leading insulin delivery devices market by country in North America. The U.S. will progress rapidly during the anticipated timeframe, due to favorable reimbursement policies, rising incidences of diabetes, and availability of all major insulin delivery devices. Moreover, increasing awareness among the patients and well-developed healthcare infrastructure are likely to motivate the growth of the insulin delivery devices market.
Europe is likely to display substantial growth in the near future, due to increasing healthcare expenditure, raising awareness regarding several diabetic complications, and availability of reimbursement framework.
Browse the full "Insulin Delivery Devices Market by Product (Insulin Pens, Insulin Syringes, and Insulin Pumps) and Distribution Channel (Diabetes Clinics and Centers, Retail Pharmacy, Hospital Pharmacy, and Online Sales): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017–2024" report at https://www.zionmarketresearch.com/report/insulin-delivery-devices-market
Asia Pacific is expected to progress at a dominant rate during the prediction time period. Japan, India, and China are likely to expand the growth for insulin delivery devices market in this region. Development in Asia Pacific is anticipated to be driven by increasing disposable income of the population, rapidly growing geriatric population, and increasing funding for research and development activities related to diabetes.
Latin America is likely to record a swift growth rate over the estimated time period, due to a large patient pool, huge investments made by major players, and rapid development of the healthcare infrastructure. The Middle Eastern and African region is anticipated to demonstrate restricted growth, due to the dearth of skilled ophthalmologists and absence of latest infrastructure.
Request customized copy of report @ https://www.zionmarketresearch.com/custom/3571
Some key players in the global insulin delivery devices market include Eli Lilly and Company, Medtronic plc., B. Braun Melsungen AG, Sanofi S.A., Novo Nordisk A/S, F. Hoffmann-La Roche Ltd., Biocon Ltd., Becton, Dickinson and Company, Valeritas, Inc., MannKind Corporation, and Insulet Corporation, among others.
This report segments the global insulin delivery devices market as follows:
Global Insulin Delivery Devices Market: By Product
- Insulin Pens
- Insulin Syringes
- Insulin Pumps
Global Insulin Delivery Devices Market: By Distribution Channel
- Diabetes Clinics and Centers
- Retail Pharmacy
- Hospital Pharmacy
- Online Sales
Global Insulin Delivery Devices Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
Browse More Related Reports:
- Viral Clearance Market: https://www.zionmarketresearch.com/report/viral-clearance-market
- Ultrasound Probe Disinfection Market: https://www.zionmarketresearch.com/report/ultrasound-probe-disinfection-market
- Surgical Robots Market: https://www.zionmarketresearch.com/report/surgical-robots-market
- Healthcare Insurance Market: https://www.zionmarketresearch.com/report/healthcare-insurance-market
- Neurorehabilitation Devices Market: https://www.zionmarketresearch.com/report/neurorehabilitation-devices-market
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research
Follow Us Twitter: https://twitter.com/zion_research
Blog: http://www.intenseresearch.com | http://www.mrsresearchgroup.com | http://www.marketresearchtrade.com | https://qyresearchgroup.com | http://marketnreports.com | https://zmrnewsjournal.us | http://www.e-marketresearch.com
Contact Us:
Joel John
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Blog: http://zmrblog.com