Medical Equipment

Global Smart Insulin Pens Market Size, Forecasts, And Opportunities

December 22, 2021 by The Business Research Company

Learn about the global smart insulin pens market through The Business Research Company, which provides information on smart insulin pens market size, smart insulin pens market drivers and restraints, smart insulin pens market players, the COVID-19 impact on the smart insulin pens market, and more.

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The global smart insulin pens market is expected grow from $0.082 billion in 2020 to $0.086 billion in 2021 at a compound annual growth rate (CAGR) of 4.9%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global smart insulin pens market is expected to reach $0.114 billion in 2025 at a CAGR of 7%.

The accurate adjustments and delivery of doses of insulin can avoid either over-dosing or low-dosing of the drug are expected to drive innovation in smart insulin pens manufacturing, thus driving the market during the forecast period.

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The smart insulin pens market consists of sales of smart insulin pens which allows to dial the insulin dose accurately and related products. The company’s manufacturing the smart insulin pens are primarily engaged in designing and manufacturing of first- and second-generation smart insulin pens which are either reusable or pre-filled for the application of delivering accurate insulin dose in Type 1 Diabetes and Type 2 Diabetes. The revenue generated by these companies is through sales of these pens to Hospitals & Clinics, Ambulatory surgical centres and home care settings.

Global smart insulin pens market segments include:

By Type: First Generation Pens, Second Generation Pens (Bluetooth Enabled, USB Connected)

By End User: Hospitals & Clinics, Ambulatory Surgical Centres, Home Care Settings

By Usability: Prefilled, Reusable

By Application: Type 1 Diabetes, Type 2 Diabetes

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The next generation smart insulin pens go far beyond memory storage. They help in calculating personalized doses, track glucose continuously and connects with apps of smartphones to visualize the data.

TBRC’s smart insulin pens market report covers:

Major Market Players: Companion Medical, Eli Lilly and Company, Novo Nordisk A/S, Diamesco Co. Ltd., Emperra GmbH E-Health Technologies, Digital Medics Pvt Ltd., F. Hoffmann-La Roche AG, Insulet Corporation, Jiangsu Delfu Medical Device Co. Ltd., and Bigfoot Biomedical.

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)

The Smart Insulin Pens Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides smart insulin pens market overviews, analyses and forecasts market size, share, smart insulin pens market players, smart insulin pens market segments and geographies, leading competitor revenues, profiles and market shares.

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

Here Is A List Of Similar Reports From The Business Research Company:

Insulin Drugs Global Market Report 2021

Insulin Pens, Syringes, Pumps And Injectors Market

Diabetes Care Devices Market

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