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Global Insulin Delivery Devices Market: Increasing Obesity and Geriatric Population Will Drive the Global Market

According to the latest report published by Variant Market Research, the global insulin delivery devices market size is projected to reach $22.8 Billion by 2024 from $11.5 Billion in 2016. In this report, insulin delivery devices market forecast says that the global market is growing at 8.9% CAGR from 2017 to 2025.

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High requirement for human insulin devices to drive the global market
The global insulin delivery devices market trend includes increasing obesity and geriatric population, high requirement for human insulin devices, supporting reimbursement policies, and increasing knowledge about drug delivery devices. Though, high costs may hinder the insulin delivery devices market growth. Moreover, growing R&D, and market expansion would provide an opportunity for players of market.

Market Segmentations
The global insulin delivery devices market is classified into device type, and geography. Device type segment includes insulin pumps, (insulin delivery pen devices i.e.) insulin pens, insulin syringes, and insulin jet injectors. North America (United States, Mexico, and Canada), Europe (France, Italy, Spain, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, India, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.

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Insulin syringes, by device type dominated the global market in 2017
Insulin syringes held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025. These syringes are reliable, easy to use, & cost effective. Also, high adoption among diabetic patients is the driving factor for the growth of this segment.

Asia-Pacific is estimated to witness fastest CAGR from 2017 to 2025
Asia-Pacific is predicted to grow at a fastest CAGR over the forecast period 2017 to 2025. The growth is attributed to the changing consumer lifestyle, high diagnosis rate, and growing awareness among consumers in the region (including Australia, and Nepal, among others).

Competitive Landscape
Key players are offering innovative products and services to increase their insulin delivery devices market share. Major players of the market are Medtronic plc, Becton, Dickinson and Company, Tandem Diabetes Care, Inc., Eli Lilly and Company, Ypsomed Holding AG, Animas Corporation, F. Hoffmann-La Roche, Ltd., Insulet Corporation, Novo Nordisk A/S, and B. Braun Melungeon AG, among others.

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Scope of the Global Insulin Delivery Devices Market
Device Type Segments
• Insulin Pumps
• Insulin Syringes
• Insulin Pens
• Insulin Jet Injectors
Geography Segments

• North America
o U.S.
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Other

• Asia-Pacific
o China
o Japan
o India
o Others

• RoW
o South America
o Middle East
o Africa

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About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy &Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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News Release: Global Insulin Delivery Devices Market: Increasing Obesity and Geriatric Population Will Drive the Global Market
Submitted on: February 02, 2018 01:50:09 PM
Submitted by: manoj
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