(Health-NewsWire.Net, September 08, 2015 ) The global insulin delivery devices market, worth $9,499.1 million in 2014, is expected to grow at a CAGR of 7.0% during 2015-2020. The insulin syringes segment held the largest share of 33% in the global insulin delivery devices market; whereas, the insulin pump was the fastest growing segment in the same year. The insulin pump market is escalating with high growth rate due to several factors such as technological advancements in insulin pumps to maintain the level of insulin in the body.
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Diabetes is a chronic disease caused due to insufficient production or inappropriate use of insulin in the body. Insulin in delivered with the help of various delivery devices, such as insulin pumps, pen injectors, insulin syringe and jet injectors. The insulin syringes are most commonly used delivery systems for self-medication. However, for some people insulin syringe is not convenient option, which resulted in development of other devices for the treatment of diabetes. Insulin pens and pumps have various advantages, which help in delivering accurate dosage of insulin and maintain the normal level of insulin in body. Usage of insulin pen in administering insulin is less time-consuming compared to the usage of syringes and vials.
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The prevalence of diabetes is also increasing every year. It is one of the leading causes of death and has increased risk of developing number of serious health problems. It is the major cause of cardiovascular disease, kidney disease, eye disorders and stroke. Also, increase in geriatric population is also driving the growth of the global insulin delivery device market.
The key companies operating in the global insulin delivery device market include Medtronic, Inc., F. Hoffmann-La Roche, Ltd., Abbott Laboratories Inc. Novo Nordisk A/S, Eli Lilly and Company, Sanofi, Becton Dickinson and Company, Insulet Corporation, B. Braun Melsungen AG, Animas Corporation, and Ypsomed Holdings AG.
Uncovers potential demands in the market
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Provides information on the historical and current market size and the future potential of the market
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List of Table:
1) SPECIFIC PRIMARY AND SECONDARY SOURCES USED FOR THIS PUBLICATION
2) GLOBAL INSULIN DELIVERY DEVICE MARKET SNAPSHOT (2015 AND 2020)
3) DRIVERS FOR THE MARKET: IMPACT ANALYSIS
4) RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
5) GLOBAL INSULIN DELIVERY DEVICES MARKET BREAKDOWN BY TYPE, $M (2011 – 2014)
List of Figure:
1) MARKET SCOPE FOR GLOBAL INSULIN DELIVERY DEVICES MARKET
2) RESEARCH METHODOLOGY FOR GLOBAL INSULIN DELIVERY DEVICES MARKET
3) TECHNOLOGIES OF INSULIN DELIVERY
4) NUMBER OF PEOPLE SUFFERING FROM DIABETES AGED 20-79 YEARS (2013-2035)
5) AGING POPULATION IN MAJOR REGIONS, IN % (2000 – 2050)
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