Higher Demand for Smart Insulin Pens Market Rising Diabetic Approach in Vastly Developed Healthcare Infrastructure and Technology

Higher Demand for Smart Insulin Pens Market Rising Diabetic Approach in Vastly Developed Healthcare Infrastructure and Technology

“Smart Insulin Pens Market”
Smart Insulin Pens Market Product Type, Usability – Disposable Pens & Others, and Distribution Channel – Online Medical Stores, Retail Pharmacies, Hospital Pharmacies, & Others

The global smart insulin pens market report by Market Research Future (MRFR) contains the pertinent drivers and challenges faced by manufacturers during the period of 2018 to 2023.

Smart insulin pens are devices used to deliver the accurate dose of insulin to diabetics at the appropriate time. They have gained traction among diabetics due to its simplistic nature and easy to handle mechanism compared to traditional syringes.

Get a Free Sample Report At: https://www.marketresearchfuture.com/sample_request/6789

Manufacturers are launching new iterations of smart insulin pens for recording the proper dosage amounts and reminders of taking insulin shots at the appropriate time. For instance, the In Pen by Companion Medical can capture mealtime data and shares it on the respective medical mobile application.

Following are some of the Notable Key Players –

InjexUK

Lilly USA

LLC

Digital Medics Pty Ltd.

Companion Medical

Sanofi-Aventis US LLC

Diamesco Co. Ltd.

Smith’s Medical

NIPRO Medical Corporation

Novo Nordisk A/S

Biocorp

Emperra GmbH E-Health Technologies

and others

The global smart insulin pens market is expected to exhibit 10.4% CAGR during the forecast period (2018-2023) due to high prevalence of diabetes. Furthermore, the use of these devices for the management of diabetes by the general populace in developing countries can bode well for the market during the forecast period. Awareness of advanced drug delivery methods, need for modern treatments, and the alarming cases of diabetes can bolster the global market demand till 2023.

Market Segmentation

The global smart insulin pens market has been segmented on the basis of product type, usability, and distribution channel.

On the basis of product type, the market has been segmented into first-generation pens and second-generation pens. The second-generation pens segment has been further divided into Bluetooth-enabled and USB connected.

By usability, the segment has been divided into disposable pens and reusable pens. Reusable insulin pens segment is likely to be the fastest growing segment during the forecast period.

The market, by distribution channel, has been segmented into retail pharmacies, diabetes clinics, online medical stores, and hospital pharmacies.

Browse Complete Report Details with TOC: https://www.marketresearchfuture.com/reports/smart-insulin-pens-market-6789

Regional Analysis

The Middle East & Africa (MEA), Americas, Asia Pacific (APAC), and Europe are regions discussed in the global smart insulin pens market report.

The Americas can be the leading region of the global market till 2023 due to favorable policies by regulatory authorities, adoption of advanced technology, and rising prevalence of diabetes among the general populace. The approval of novel injectable devices by regulatory agencies can drive the global smart insulin pens market growth.

The Europe smart insulin pens market is driven by adoption of advanced drug delivery devices, rising cases of diabetics, and presence of major players. According to the World Diabetes Foundation, more than 59 million have been diagnosed with diabetes, with the number purported to touch 71.1 million by 2040.

Government policies for assisting diabetics and rise in disposable income levels of patients are main drivers of the smart insulin pens market in APAC. Large cases of diabetes recorded in Southeast Asia can drive the regional market growth. As per the International Diabetes Federation, the number of diabetics in the region can touch 156 million by 2045.

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)

Table 9 North America: Smart Insulin Pens Market, by Distribution channel, 2018–2023 (USD Million)

…To be Continued.

Ask for an Amazing Discount at: https://www.marketresearchfuture.com/check-discount/6789

Industry News

Recently, Medtronic and Novo Nordisk have decided to pool in their offerings for sharing the data acquired by their smart insulin pens on a common diabetes management platform.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

+1 646 845 9312 | Email: sales@marketresearchfuture.com

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/smart-insulin-pens-market-6789