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PUBLISHER: IMARC | PRODUCT CODE: 1225315
PUBLISHER: IMARC | PRODUCT CODE: 1225315
Smart Insulin Pens Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global smart insulin pens market size reached US$ 118.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 193.2 Million by 2028, exhibiting a growth rate (CAGR) of 11.5% during 2023-2028.
A smart insulin pen is a reusable injector pen with a smartphone app that facilitates patients with diabetes in managing their insulin delivery efficiently. It is more affordable, easy to use, and provides helpful reminders, alerts, and reports compared to conventional insulin. It helps calculate doses of the blood sugar level, carbohydrate amounts, meal size, and active insulin. In addition, it notifies the expiration date or exceeding the temperature range of insulin to replace the cartridge timely. As a result, smart insulin pen finds extensive applications in hospitals, clinics, ambulatory surgical centers, and home care units across the globe.
Smart Insulin Pens Market Trends:
- At present, the growing awareness among the masses about the benefits of smart insulin pens, such as delivering accurate half-unit doses, preventing skipped or missed doses, and tracking time and number of doses, represents one of the key factors driving the market. Besides this, there is a rise in the prevalence of diabetes due to the increasing obesity and geriatric population across the globe. This, along with the burgeoning healthcare industry, is strengthening the growth of the market. In addition, key market players are extensively investing in research and development (R&D) activities to introduce smart insulin pens with memory and timing function that provides intelligent injection for patients. They are also focusing on developing Bluetooth-connected smart insulin pens. Moreover, there is an increase in the adoption of home treatment as it is more comfortable, convenient, and personalized. This, coupled with the escalating demand for needle-free insulin delivery devices due to the rising needle stick injuries while using, handling, disassembling, or disposing of needles, is bolstering the growth of the market.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global smart insulin pens market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, usability, indication, connectivity and end user.
Breakup by Type:
- First Generation Pens
- Second Generation Pens
Breakup by Usability:
- Prefilled
- Reusable
Breakup by Indication:
- Type 1 Diabetes
- Type 2 Diabetes
Breakup by Connectivity:
- Bluetooth
- USB
Breakup by End User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Home Care Settings
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being Bigfoot Biomedical Inc., Digital Medics Pty Ltd., Emperra GmbH E-Health Technologies, Jiangsu Delfu Medical Device Co. Ltd., Medtronic plc, Novo Nordisk A/S, pendiq GmbH and Ypsomed AG.
Key Questions Answered in This Report:
- How has the global smart insulin pens market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global smart insulin pens market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the usability?
- What is the breakup of the market based on the indication?
- What is the breakup of the market based on the connectivity?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global smart insulin pens market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR1423A156_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Smart Insulin Pens Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 First Generation Pens
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Second Generation Pens
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Usability
- 7.1 Prefilled
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Reusable
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Indication
- 8.1 Type 1 Diabetes
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Type 2 Diabetes
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Connectivity
- 9.1 Bluetooth
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 USB
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by End User
- 10.1 Hospitals and Clinics
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Ambulatory Surgical Centers
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Home Care Settings
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.1.1 United States
- 11.2 Asia-Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.2.1 China
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.3.1 Germany
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.4.1 Brazil
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 Bigfoot Biomedical Inc.
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.2 Digital Medics Pty Ltd.
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.3 Emperra GmbH E-Health Technologies
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.4 Jiangsu Delfu Medical Device Co. Ltd.
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.5 Medtronic plc
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.5.3 Financials
- 16.3.5.4 SWOT Analysis
- 16.3.6 Novo Nordisk A/S
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.6.3 Financials
- 16.3.6.4 SWOT Analysis
- 16.3.7 pendiq GmbH
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.8 Ypsomed AG
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.8.3 Financials
- 16.3.8.4 SWOT Analysis
- 16.3.1 Bigfoot Biomedical Inc.
Product Code: SR1423A156_Report
List of Figures
- Figure 1: Global: Smart Insulin Pens Market: Major Drivers and Challenges
- Figure 2: Global: Smart Insulin Pens Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Smart Insulin Pens Market: Breakup by Type (in %), 2022
- Figure 5: Global: Smart Insulin Pens Market: Breakup by Usability (in %), 2022
- Figure 6: Global: Smart Insulin Pens Market: Breakup by Indication (in %), 2022
- Figure 7: Global: Smart Insulin Pens Market: Breakup by Connectivity (in %), 2022
- Figure 8: Global: Smart Insulin Pens Market: Breakup by End User (in %), 2022
- Figure 9: Global: Smart Insulin Pens Market: Breakup by Region (in %), 2022
- Figure 10: Global: Smart Insulin Pens (First Generation Pens) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Smart Insulin Pens (First Generation Pens) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Smart Insulin Pens (Second Generation Pens) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Smart Insulin Pens (Second Generation Pens) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Smart Insulin Pens (Prefilled) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Smart Insulin Pens (Prefilled) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Smart Insulin Pens (Reusable) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Smart Insulin Pens (Reusable) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Smart Insulin Pens (Type 1 Diabetes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Smart Insulin Pens (Type 1 Diabetes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Smart Insulin Pens (Type 2 Diabetes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Smart Insulin Pens (Type 2 Diabetes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Smart Insulin Pens (Bluetooth) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Smart Insulin Pens (Bluetooth) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Smart Insulin Pens (USB) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Smart Insulin Pens (USB) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Smart Insulin Pens (Hospitals and Clinics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Smart Insulin Pens (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Smart Insulin Pens (Ambulatory Surgical Centers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Smart Insulin Pens (Ambulatory Surgical Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Smart Insulin Pens (Home Care Settings) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Smart Insulin Pens (Home Care Settings) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: North America: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: North America: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: United States: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: United States: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Canada: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Canada: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Asia-Pacific: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Asia-Pacific: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: China: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: China: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Japan: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Japan: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: India: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: India: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: South Korea: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: South Korea: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Australia: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Australia: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Indonesia: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Indonesia: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Others: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Others: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Europe: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Europe: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Germany: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Germany: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: France: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: France: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: United Kingdom: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: United Kingdom: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Italy: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Italy: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Spain: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Spain: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Russia: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Russia: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Others: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Others: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Latin America: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Latin America: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Brazil: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Brazil: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Mexico: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Mexico: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Others: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Others: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Middle East and Africa: Smart Insulin Pens Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Middle East and Africa: Smart Insulin Pens Market: Breakup by Country (in %), 2022
- Figure 80: Middle East and Africa: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Global: Smart Insulin Pens Industry: SWOT Analysis
- Figure 82: Global: Smart Insulin Pens Industry: Value Chain Analysis
- Figure 83: Global: Smart Insulin Pens Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Smart Insulin Pens Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Smart Insulin Pens Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Smart Insulin Pens Market Forecast: Breakup by Usability (in Million US$), 2023-2028
- Table 4: Global: Smart Insulin Pens Market Forecast: Breakup by Indication (in Million US$), 2023-2028
- Table 5: Global: Smart Insulin Pens Market Forecast: Breakup by Connectivity (in Million US$), 2023-2028
- Table 6: Global: Smart Insulin Pens Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 7: Global: Smart Insulin Pens Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 8: Global: Smart Insulin Pens Market: Competitive Structure
- Table 9: Global: Smart Insulin Pens Market: Key Players
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