Smart Insulin Pens Market: Synopsis
The report that has been published by Market Research Future (MRFR) projects that the global smart insulin pens market is marked to expand at a noteworthy CAGR of 10.4% during the assessment period of 2018-2023 and reach the market valuation of USD 60 Mn by the end of the review period.
High demand for self-drug delivery devices that are technologically advanced and incorporation of artificial intelligence technology in various advanced medical devices are majorly propelling the growth of the global smart insulin pens market. High prevalence of diabetes and increasing availability of affordable medical devices are also fueling the growth of the global smart insulin pens market during the assessment period.
Get Sample Report@ https://www.marketresearchfuture.com/sample_request/6789
Global Smart Insulin Pens Market: Industry Updates
In January 2019, Companion Medical, a leading developer advanced technology for the improvement of diabetes care, has announced the launch of Android version of its InPen App in order to release its first smart pen system with an integrated diabetes management application.
In October 2018, Novo Nordisk has announced that it’s planning the launch of its first smart, internet-connected insulin pen in the year 2019. This pen will be able to communicate with blood glucose meters (BGM) and continuous glucose monitoring (CGM) systems.
Global Smart Insulin Pens Market: Key Players
The prime players profiled by MRFR that are operating in the global smart insulin pens market are Novo Nordisk A/S, Sanofi-Aventis US LLC., Lilly USA, LLC, Digital Medics Pty Ltd., Emperra GmbH E-Health Technologies, Companion Medical, Biocorp, Diamesco Co., Ltd., Smiths Medical, NIPRO Medical Corporation, and InjexUK.
Global Smart Insulin Pens Market: Segmental Analysis
The global market for smart insulin pens has been segmented on the basis of product type, usability, and distribution channel.
Based on product type, the global smart insulin pens market has been segmented into first-generation pens and second-generation pens. The second-generation pens segment has been sub-segmented into Bluetooth-enabled and USB connected.
Based on usability, the global smart insulin pens market has been segmented into disposable pens and reusable pens. The reusable insulin pens segment is marked to project the fastest growth in the global smart insulin pens market during the assessment period.
Based on distribution channel, the global smart insulin pens market has been segmented into online medical stores, retail pharmacies, diabetes clinics, and hospital pharmacies.
Brows Complete Report@ https://www.marketresearchfuture.com/reports/smart-insulin-pens-market-6789
Global Smart Insulin Pens Market: Regional Analysis
Geographically, the global smart insulin pens market has been segmented into four regions such as the Americas, Europe, Asia Pacific, and the Middle East and Africa.
The Americas command the dominant share of the global smart insulin pens market owing to rapid technological advancement, easy adoption of technologically advanced drug delivery systems in the well-developed healthcare sector and high demand for insulin pens as a result of high prevalence of individuals suffering from diabetes caused due to changing lifestyle and increased rate of obesity.
The Europe region commands the second largest share of the global smart insulin pens market owing to the increased research activities in order to develop advanced drug administration technologies in the pharmaceutical industry and increased healthcare expenditure as a result of increased disposable income in this region.
The Asia Pacific region is exhibiting fastest expansion at the highest CAGR in the global smart insulin pens market owing to the rapid increase in geriatric population, high prevalence of diabetic patients, rise in awareness regarding the available treatments, availability of affordable self drug delivery solutions, and increased adoption of technologically advanced healthcare solutions in the emerging economies of this region.
Low penetration of advanced healthcare solutions is restraining the growth of the smart insulin pens market in the Middle East and Africa region.
Inquire for Discount@ https://www.marketresearchfuture.com/check-discount/6789
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/smart-insulin-pens-market-6789