Disposable Insulin Pens Will Add Over $1.5 Billion of Annual Sales By 2022, TBRC Finds

Hyderabad, INDIA

LONDON, Feb. 07, 2019 (GLOBE NEWSWIRE) -- Diabetes Care Devices Global Market, Opportunities And Strategies To 2022, a new report from The Business Research Company, shows that the global market for disposable insulin pens will grow from its 2018 level of $3.8 billion to $5.3 billion by 2022. The overall insulin pens market, which includes re-usable insulin pens, accounted for just over a fifth of the overall global diabetes care devices market in 2018. Other fast-growing segments of the diabetes care devices market providing good opportunities for the diabetes care devices industry include smart insulin pens and continuous glucose monitoring devices. The fastest-growing, at 14.8% a year, are continuous glucose monitoring devices, which are relatively new to the market and save patients from having to remember to measure their blood glucose levels and having to prick themselves repeatedly.

The diabetes care devices market size is growing rapidly, driven by increasing global diabetes prevalence linked to rising obesity levels. The market for diabetes care devices is moderately fragmented, comprising a small number of large competitors and a large number of small players. Major players in the diabetes care devices industry include Medtronic, Roche Holding ag, Johnson & Johnson, Sanofi, Becton, Dickinson & Company and Abbott Laboratories. The diabetes care devices market was the seventh largest segment in the overall medical equipment market in 2018, at 6.7% of the total.

Diabetes Care Devices Global Market, Opportunities And Strategies To 2022 is one of a series of new reports from The Business Research Company that identify opportunities and explain strategies, provide a market overview, analyse market size and potential,  forecast market growth and explain market trends, drivers, and restraints, and give  leading competitors’ revenues, profiles and market shares in over 300 industry reports, covering over 2400 market segments and 56 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. Market analysis and forecasts are provided by a highly experienced and expert team of analysts and modellers. The reports identify the strategies being adopted by leading market players and the segments, subsegments and countries that present the best market opportunities.

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