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Published Date: 2017-08-14Number of Pages: 223

Insulin Delivery Devices Market (Product Type - Insulin Syringe, Insulin Pens, and Insulin Pumps; Distribution Channel - Hospital Pharmacy, Retail Pharmacy, Online Sales, and Diabetes Clinics and Centers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Global Insulin Delivery Devices Market: Snapshot

The demand in the global insulin delivery devices market is projected to increment at a robust CAGR of 8.6% during the forecast period of 2017 to 2025, gaining traction from a number of factors, but none bigger than the prevalence of diabetes, which is a highly common chronic disease that affected about 8.5 of the global population in 2014, according to the figures provided by the World Health Organization (WHO). Advancements in insulin delivery devices with improving technology, government initiatives to impart awareness, and appreciative reimbursement environment in a number of developed countries are some of the other factors favoring the global insulin delivery devices market. On the other hand, the lack of awareness regarding the availability of alternative insulin delivery methods such as oral and poor reimbursement policies in a number of developing countries are hindering the market from achieving its true potential.

As per the estimations of this report, the global insulin delivery devices market will be worth US$20,996.2 mn by the end of 2025, notably up from its evaluated valuation of US$10,160 mn in 2016. While insulin pens is the most in-demand product segment, North America is most profitable regional market. Escalated research and development activities regarding diabetes-case is expected to open new revenue avenues for the vendors operating in the global insulin delivery devices market.

insulin delivery devices market

 

Insulin Pens Make Highly Profitable Product Segment

The global insulin delivery devices market, on the basis of product, has been segmented into insulin pens, insulin syringes, insulin pumps, needle-free injection jet, and insulin patches. Among these, insulin pens segment accounted for 42% of the total demand in 2016, and is projected to remain the most profitable product segment throughout the forecast period. This sustained demand for insulin pens is owing to its high adoption in the vastly populated region of Asia Pacific, along with the developed region of Europe. In these two regions, nearly 90% of the diabetic patients use insulin pens, a device that has not penetrated as much into the developed country of the U.S., wherein only 25% of the population use the product. That being said, the popularity of insulin pens is expected to increment steadily in the U.S. in the near future as its advantages such as flexibility and moderate pain.

North America and Europe Serve Maximum Demand

Out of the five regions studied by this report: North America, Asia Pacific, Europe, Latin America, and The Middle East and Africa, the insulin delivery devices market currently has the maximum potential in North America, which served 37.5% demand in 2016. Most of the demand from North America comes from the country of The U.S., which has diabetes spread across the masses along with a robust healthcare infrastructure. Mushrooming private diabetic care facilities, well-defined reimbursement policies, and growing awareness are some of the other factors augmenting the demand in the North America insulin delivery devices market. While Europe is currently the second most profitable region for the vendors operating in the global insulin delivery devices market, vastly populated Asia Pacific is expected to turn into a highly lucrative region towards the end of the forecast period, gaining solid demand from the emerging economies such as India and China.

Some of the key companies operating in the global insulin delivery devices market are: Sanofi S.A., Novo Nordisk A/S, F. Hoffmann-La Roche Ltd., B. Braun Melsungen AG, Eli Lilly and Company, Medtronic plc, Becton, Dickinson and Company, Cellnovo Group SA., Owen Mumford Ltd., Biocon Ltd., Animas Corporation (Johnson & Johnson), and Tandem Diabetes Care, Inc. Currently, the competitive landscape of insulin delivery devices market is quite fragmented with the presence of a number of local vendors.

Global Insulin Delivery Devices Market: Overview

This report on insulin delivery devices market studies the current as well as future prospects of the market globally. The stakeholders of this report include companies and intermediaries engaged in the manufacture, commercialization, providing services of insulin delivery devices such as insulin pen and insulin pumps as well as new entrants planning to enter this market. This report comprises an elaborate executive summary along with a market snapshot providing overall information of various segments and sub-segments considered in the scope of the study. This section also provides the overall information and data analysis of the global insulin delivery devices market with respect to the leading market segments based on major products segment, distribution channels, and geographies.

Global Insulin Delivery Devices Market: Key Segments

Based on the product type, the insulin delivery devices market has been segmented into: insulin syringe, insulin pens, insulin pumps, and others (insulin patches & needle free injection jet). Each of the market segments have been extensively analyzed based on the market related factors such as increasing rate of diabetes incidences worldwide, technological advancement, and growing number of use of insulin delivery devices  in various geographies. Moreover, historical year-on-year growth have been taken into consideration while estimating the market size. The market size and forecast in terms of US$ million for each segment has been provided for the period from 2015 to 2025. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2017 to 2025, considering 2016 as the base year.

Global Insulin Delivery Devices Market: Trends and Opportunities

The market overview section of the report explores the market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the insulin delivery devices market and could influence the market in the near future. Market attractiveness analysis has been provided in the market overview section in order to explain the intensity of competition in the market across different geographies. The competitive scenario among different market players is evaluated through market share analysis in the competitive landscape section of the report. All these factors would help market players to take strategic decisions in order to strengthen their positions and expand their shares in the global insulin delivery devices market.

Global Insulin Delivery Devices Market: Geographical Segmentation

Geographically, insulin delivery devices market has been segmented into five major regions: North America, Europe, Asia, Latin America, and Middle East & Africa. The market size and forecast for each of these regions has been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year. The report also provides with market size and forecast for major countries in the respective regions. A detailed qualitative analysis of factors responsible for driving and restraining the market growth and future opportunities has been provided in the market overview section. This section of the report also provides with market attractiveness analysis, Porter’s five forces analysis, value chain analysis, pricing analysis and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global insulin delivery devices market.

The key findings section included in the report would assist existing market players in expanding their market shares, and new companies in establishing their presence in the global insulin delivery devices market.

Global Insulin Delivery Devices Market: Competitive Landscape

The report also profiles key players operating in the insulin delivery devices market which are B. Braun Melsungen AG, Novo Nordisk A/S, Eli Lilly and Company, Sanofi S.A., Medtronic plc., F. Hoffmann-La Roche Ltd., Becton, Dickinson and Company, Biocon Ltd., Owen Mumford Ltd., Cellnovo Group SA., Animas Corporation (Johnson & Johnson , Tandem Diabetes Care, Inc., Other Prominent Players.

The global insulin delivery devices market is segmented as follows:

Insulin Delivery Devices Market, by Product Type

  • Insulin syringe
  • Insulin Pens
    • Disposable Pens
    • Reusable Pens
    • Pen Needles
  • Insulin Pumps
    •  Tethered Insulin Pumps
    • Disposable/Patch Insulin Pumps
  • Others (insulin Patches & Needle Free Injection Jet)

Insulin Delivery Devices Market, by Distribution Channels

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Sales
  • Diabetes Clinics/ Centers

Insulin Delivery Devices Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa


 
 
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