Smart insulin pen is a medical device used to inject insulin for the treatment of diabetes. Insulin pens have an attached insulin cartridge and hence do not need a syringe and separate vial.
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The global smart insulin pens market was valued at $57 million in 2016, and is estimated to reach $117 million by 2023, growing at a CAGR of 10.7% from 2017 to 2023. The market is expected to witness significant growth during the forecast period owing to rising geriatric population coupled with increasing incidence of diabetics.
In addition, these pens can be easily used by people with visual or fine motor skills impairments further stimulates the market growth. However, insulin pens are inconvenient to use for the patients in need of mixture of two type of insulins, which in turn impedes the market growth.
Some of the key players of Smart Insulin Pens Market:
The key players operating in this market include the following:,Eli Lilly and Company,Novo Nordisk,Companion Medical,DIAMESCO,Emperra GmbH
The global smart insulin pens market is segmented on the basis of type, usability, end user, and region. Based on type, the market is classified into first generation and second generation insulin pens. The second generation insulin pens are further bifurcated into Bluetooth-enabled and USB-connected insulin pens.
By usability, it is segmented into pre-filled and reusable insulin pumps. According to the end user, the market is classified into hospitals & clinics, ambulatory surgical centers, and home care settings. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global smart insulin pens market is highly competitive and is lucrative in nature. The key market players have adopted various developmental strategies such as product launch & approval, strategic acquisitions, and mergers to strengthen their market position.
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After studying key companies, the report focuses on the startups contributing towards the growth of the market. Possible mergers and acquisitions among the startups and key organizations are identified by the report’s authors in the study. Most companies in the Smart Insulin Pens market are currently engaged in adopting new technologies, strategies, product developments, expansions, and long-term contracts to maintain their dominance in the global market.
The Global Smart Insulin Pens Market research report offers an in-depth analysis of the global market, providing relevant information for the new market entrants or well-established players. Some of the key strategies employed by leading key players operating in the market and their impact analysis have been included in this research report.
Fundamentals of Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Smart Insulin Pens Market Size
2.2 Smart Insulin Pens Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Smart Insulin Pens Market Size by Manufacturers
3.2 Smart Insulin Pens Key Players Head office and Area Served
3.3 Key Players Smart Insulin Pens Product/Solution/Service
3.4 Date of Enter into Smart Insulin Pens Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Smart Insulin Pens Sales by Product
4.2 Global Smart Insulin Pens Revenue by Product
4.3 Smart Insulin Pens Price by Product
5 Breakdown Data by End User
5.2 Global Smart Insulin Pens Breakdown Data by End User
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