Global Insulin Pens, Syringes, Pumps And Injectors Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Insulin Pens, Syringes, Pumps And Injectors Market Report by The Business Research Company covers insulin pens, syringes, pumps and injectors market drivers and restraints, insulin pens, syringes, pumps and injectors market size, major players, and the impact of COVID-19 on the insulin pens, syringes, pumps and injectors market.
The insulin pens, syringes, pumps and injectors devices and equipment market consists of sales of insulin pens, syringes, pumps and injectors and related services. Insulin pens are reusable pen-like tools used to inject desired a dose of insulin into the blood of a diabetic patient. Insulin helps to ensure that glucose levels in the patient’s blood are appropriate. Insulin syringes are the reusable devices used to inject insulin which is specifically made for self-administration.
An increase in the prevalence of diabetes globally is driving the growth of insulin pens, syringes, pumps, and injectors market. The global insulin pens, syringes, pumps and injectors market is expected to grow from $16.1 billion in 2019 to $17.8 billion in 2020 at a compound annual growth rate (CAGR) of 10.7%. The growth is mainly due to the COVID-19 outbreak as people with diabetes are at increased risk of serious illness from COVID-19. The diabetic care devices are increasingly being used by care providers and patients (self-monitor) to frequently check the blood glucose levels. FDA issued guidance to expand the availability and capability of non-invasive remote monitoring devices including continuous glucose monitors (CGM) during the COVID-19 pandemic. However, the growth is not as significant as expected due to the demand and supply gaps. The market is then expected to grow at a CAGR of 7.9% from 2021 and reach $21.9 billion in 2023. North America was the largest region in the insulin pens, syringes, pumps and injectors market in 2017. The insulin pens, syringes, pumps and injectors market in Asia Pacific is forecasted to register the highest CAGR during 2018-2023.
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Some insulin pens, syringes, pumps and injectors market trends include technological advancements in insulin delivery systems. Many companies are focusing on technological advancements in insulin delivery systems to deliver insulin effectively and safely. For instance, on June 2018, the US Food and Drug Administration approved MiniMed 670G hybrid closed looped system for curing diabetic individuals aged between 7-13 years of age. This is a diabetes management device that automatically monitors glucose and provides appropriate level insulin doses needed. It requires little or no input from the user.
Global insulin pens, syringes, pumps and injectors market segments include:
1) By Type: Pens, Injectors And Pumps, Syringes.
2) By End Users: Hospitals, Homecare, Other.
3) By Pens: Reusable, Disposable.
4) By Pumps: Tubed Pumps, Tubeless Pumps.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Insulin Pens, Syringes, Pumps And Injectors Global Market Report 2021: COVID 19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides insulin pens, syringes, pumps and injectors market overviews, analyzes and forecasts market size, share, insulin pens, syringes, pumps and injectors market players, insulin pens, syringes, pumps and injectors market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The insulin pens, syringes, pumps and injectors market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Insulin Pens, Syringes, Pumps And Injectors Global Market Report 2021: COVID 19 Implications And Growth to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Novo Nordisk A/S , Eli Lilly and Company, Medtronic plc , Abbott, Insulet Corporation, Sanofi, Roche, F. Hoffmann-La Roche, Ltd, Becton, Animas Corporation , Ypsomed Holding AG , Dickinson and Company, Valeritas, Inc, MannKind Corporation, Tandem Diabetes Care, Inc., Biocon Ltd. , B. Braun Melsungen AG, BD.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Insulin Pens, Syringes, Pumps And Injectors Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Insulin Pens, Syringes, Pumps And Injectors Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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