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Global Insulin Delivery Devices Market to reach USD 20 billion by 2028.

Global Insulin Delivery DevicesMarket Size study, by Type (Pens, Pumps, Pen Needles Syringes, Other Devices), by End User( Patients/Homecare, Hospitals & Clinics) and Regional Forecasts 2022-2028

Product Code: HLSMDE-68032598
Publish Date: 9-05-2022
Page: 200

Global Insulin Delivery Devices Market is valued approximately USD 12.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7x% over the forecast period 2022-2028. Insulin is an essential component of the treatment strategy for all patients with Type 1 diabetes, as well as many people with Type 2. Insulin aids in the transport of glucose from the bloodstream into muscle and fat cells for use as fuel. It cannot be taken as a tablet or a liquid because the digestive system would break it down before it reached the bloodstream, where insulin works. Insulin is therefore injected or infused into the fatty tissue beneath the skin.
The favourable reimbursement scenario and strong government backing in selected countries, technological improvements in insulin delivery devices, a growing diabetes population, and expanding knowledge of insulin delivery devices all contribute to the overall market’s growth. According to the International Diabetes Federation (IDF) in the year 2021, Diabetes affects around 537 million persons aged 20 to 79. By 2030, the overall number of diabetics is expected to reach 643 million, and by 2045, it will reach 783 million.. Diabetes also caused 1.5 million fatalities worldwide in 2019. Aside from mortality, the illness causes blindness, amputations, kidney failure, stroke, and heart attacks, making it a devastating reality for millions of people worldwide. Insulin delivery systems continue to be critical to the health of millions of diabetics worldwide, and prospective applications of these with precise dosage delivery remain significant drivers of growth in the insulin delivery devices market. However, poor reimbursement structure in developing countries is expected to hamper the market growth.

The key regions considered for the global Insulin Delivery Devices Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World.The largest share of the global market was held by North America. This expansion can be attributed to rising diabetes prevalence, favourable reimbursement scenarios in the United States and Canada, increased venture capital investments and IPO issuance in the United States, and FDA approvals to increase the commercial availability of insulin delivery devices in the United States. While Europe will continue to dominate the market, Asia will grow at the quickest rate during the projection period. The increasing population and growing geriatric and diabetic populations are responsible for the rise of the Asian market.

Major market player included in this report are:
Becton, Dickinson and Company
Novo Nordisk A/S
Medtronic PLC
ELI Lilly and Company
Ypsomed Holding AG
Animas Corporation (Johnson and Johnson)
Tandem Diabetes Care, Inc.
Insulet Corporation
Biocon Limited
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Pen Needles
Other Devices

By End user:
Hospitals & Clinics
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Animal HealthMarket in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Insulin Delivery Devices Market, by Region, 2020-2028 (USD Billion)
1.2.2. Insulin Delivery Devices Market, by Type,2020-2028 (USD Billion)
1.2.3. Insulin Delivery Devices Market, by End-user ,2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Insulin Delivery Devices Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Insulin Delivery Devices Market Dynamics
3.1. Insulin Delivery Devices Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing diabetic population Technological advancements in insulin delivery devices
3.1.2. Market Challenges Issues Associated with the reuse of pen needles and infusion sets
3.1.3. Market Opportunities Increasing Diabetes-related health expenditure in emerging economies
Chapter 4. Global Insulin Delivery Devices MarketIndustry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Insulin Delivery Devices Market, by Type
6.1. Market Snapshot
6.2. Global Insulin Delivery Devices Market by Type, Performance – Potential Analysis
6.3. Global Insulin Delivery Devices Market Estimates & Forecasts by Type2018-2028 (USD Billion)
6.4. Insulin Delivery Devices Market, Sub Segment Analysis
6.4.1. Pens
6.4.2. Pumps
6.4.3. Pen Needles
6.4.4. Syringes
6.4.5. Other Devices
Chapter 7. Global Insulin Delivery Devices Market, by End-user
7.1. Market Snapshot
7.2. Global Insulin Delivery Devices Market by End-user , Performance – Potential Analysis
7.3. Global Insulin Delivery Devices Market Estimates & Forecasts by End-user 2018-2028 (USD Billion)
7.4. Insulin Delivery Devices Market, Sub Segment Analysis
7.4.1. Patients/Homecare
7.4.2. Hospitals & Clinics
Chapter 8. Global Insulin Delivery Devices Market, Regional Analysis
8.1. Insulin Delivery Devices Market, Regional Market Snapshot
8.2. North America Insulin Delivery Devices Market
8.2.1. U.S.Insulin Delivery Devices Market Type breakdown estimates & forecasts, 2018-2028 End-user breakdown estimates & forecasts, 2018-2028
8.2.2. CanadaInsulin Delivery Devices Market
8.3. Europe Insulin Delivery Devices Market Snapshot
8.3.1. U.K. Insulin Delivery Devices Market
8.3.2. Germany Insulin Delivery Devices Market
8.3.3. France Insulin Delivery Devices Market
8.3.4. Spain Insulin Delivery Devices Market
8.3.5. Italy Insulin Delivery Devices Market
8.3.6. Rest of EuropeInsulin Delivery Devices Market
8.4. Asia-PacificInsulin Delivery Devices Market Snapshot
8.4.1. China Insulin Delivery Devices Market
8.4.2. India Insulin Delivery Devices Market
8.4.3. JapanInsulin Delivery Devices Market
8.4.4. Australia Insulin Delivery Devices Market
8.4.5. South Korea Insulin Delivery Devices Market
8.4.6. Rest of Asia PacificInsulin Delivery Devices Market
8.5. Latin America Insulin Delivery Devices Market Snapshot
8.5.1. Brazil Insulin Delivery Devices Market
8.5.2. Mexico Insulin Delivery Devices Market
8.6. Rest of The World Insulin Delivery Devices Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Becton, Dickinson and Company Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Novo Nordisk A/S
9.2.3. Medtronic PLC
9.2.4. Sanofi
9.2.5. ELI Lilly and Company
9.2.6. Ypsomed Holding AG
9.2.7. Animas Corporation (Johnson and Johnson)
9.2.8. Tandem Diabetes Care, Inc.
9.2.9. Insulet Corporation
9.2.10. Biocon Limited
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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