The Global Smart Insulin Pens Market Report by The Business Research Company covers smart insulin pens market drivers and restraints, smart insulin pens market size, major players, and the impact of COVID-19 on the smart insulin pens market.

The smart insulin pens market consists of sales of smart insulin pens and related services by entities (organizations, sole traders and partnerships) that manufacture smart insulin pens. Smart insulin pens are insulin delivery devices that keep track of the volume, time, and type of dosage. These devices may also perform tasks such as generating reports to be shared with healthcare professionals. The companies engaged in manufacturing smart insulin pens invest in the designing and manufacturing of first- and second-generation smart insulin pens which are either reusable or pre-filled for the application of delivering an accurate insulin dose to manage Type 1 Diabetes and Type 2 Diabetes. The revenue generated by these companies is through sales of these pens to hospitals & clinics, ambulatory surgical centers, and home care settings.

The global smart insulin pens market reached a value of nearly $85.82 million in 2020, having increased at a compound annual growth rate (CAGR) of 7.1% since 2015. The market is expected to grow from $85.82 million in 2020 to $119.4 million in 2025 at a rate of 6.8%. The growth is mainly due to the increasing prevalence of diabetes which is expected to drive the demand for smart insulin pens. The smart insulin pens market is expected to grow from $119.4 million in 2025 to $164.25 million in 2030 at a CAGR of 6.6%.

Rising numbers of diabetic cases will continue to be a driver of this market during the forecast period. According to the International Diabetes Federation (IDF), the global diabetes prevalence population is expected to reach about 640 million by 2040. Thus the need for diabetes care equipment is set to rise steadily during the forecast period. In emerging countries such as India around 69 million people are diabetic and this number is expected to rise to 100 million by 2030 and a rise of 20% is expected in other emerging economies such as China and Brazil.

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Some smart insulin pens market trends include increasingly investing in improving smart insulin pens, to ease the burden of diabetes self-management and improve patient outcomes. The companies in the market are investing in developing smart insulin pens that calculate personalized doses, track glucose continuously and connects with apps of smartphones to visualize the data. Moreover, Smart insulin pens manufacturers are increasingly investing in the research and development of smart insulin drug delivery devices which is expected to drive the technology moving forward.

Global smart insulin pens market segments include:

• By Type: First Generation Pens, Second Generation Pens

2) By End User: Hospitals and Clinics, Ambulatory Surgical Centers, Home Care Settings

3) By Application: Type 1 Diabetes, Type 2 Diabetes

4) 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 Smart Insulin Pens Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides smart insulin pens market overviews, analyzes and forecasts market size, share, smart insulin pens market players, smart insulin pens market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The smart insulin pens identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Smart Insulin Pens Opportunities And Strategies: Forecast 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: Companion Medical, Novo Nordisk A/S, F. Hoffmann-La Roche AG, Emperra GmbH E-Health Technologies, Diamesco Co. Ltd.

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 Smart Insulin Pens 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 Smart Insulin Pens Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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