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Market Research Report
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390724

Insulin Delivery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Published: | Mordor Intelligence Pvt Ltd | 90 Pages | Delivery time: 2-3 business days

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Insulin Delivery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
Published: January 17, 2022
Mordor Intelligence Pvt Ltd
Content info: 90 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents

The Insulin Delivery Devices market is expected to register a CAGR of 3.5% during the forecast period (2021 - 2026) with 33.9 billion revenue in 2020. The rapidly spreading epidemic of diabetes across the world has kept the interest level in diabetes-related R&D immensely high in recent years. Despite the condition affecting millions of people worldwide, scientists and researchers have not been able to find a cure for the disease. Controlling it by the adequate and timely administration of insulin remains an indispensable measure for patients with type-1 diabetes to lead a normal life. Thus, in the absence of a complete and effective cure for diabetes, the emphasis mainly lies in making insulin therapy better and more successful. As a result, the quest for new and pioneering treatments and insulin delivery measures continues and is reflecting positively on the overall market for insulin delivery devices.

Key Market Trends

Insulin Pump is expected to grow with the highest CAGR

Insulin Pump held 9.2% of the market share in the insulin delivery devices market in 2020 and is expected to grow with the CAGR of 7% in the market because of the increasing technological advancement and its preference over other traditional methods due to continuous insulin administration. The market also benefits massively from the constant rise in the number of vendors, R&D activities, technological advancements in products, and the easy availability of advanced products across the world. Moreover, favorable reimbursement scenarios in developed nations and a constant rise in awareness programs across developing economies are also working in favor of the market.

The United States held major market share in 2020

In 2020, the United States recorded the highest market share with more than 20% in the insulin delivery devices market followed by Japan and India. The rising diabetic population and the accessibility of technologically advanced devices are the factors contributing to the high market growth in the United States. According to Mordor intelligence statistics in 2020, around 33 million people in the United States had diabetes; among them, approximately 25.8 million patients diagnosed, whereas about 7.1 million patients remained undiagnosed. Thus, the large patient base suffering from diabetes and its growing prevalence is expected to boost the growth in this region.

Competitive Landscape

The Insulin Pens and Insulin Pumps market is consolidated with few players that accounted for a significant market share in 2020. On the other hand, the Insulin syringe market is highly fragmented with several local players. Mergers and acquisitions that happened between the players in the recent past helped the companies strengthen their market presence. For instance, In July 2020, Medtronic PLC and Tandem Diabetes Care Inc. announced that they entered into a non-exclusive patent cross-license agreement for certain technologies in the field of diabetes.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Product Code: 55967

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Intensity of Competitive Rivalry

5 Market Segmentation

  • 5.1 By Management Devices
    • 5.1.1 Insulin Pumps
      • 5.1.1.1 Insulin Pump Devices (Value and Volume, 2016 - 2026)
      • 5.1.1.2 Insulin Pump Reservoirs (Value and Volume, 2016 - 2026)
      • 5.1.1.3 Infusion Sets (Value and Volume, 2016 - 2026)
    • 5.1.2 Insulin Syringes (Value and Volume, 2016 - 2026)
    • 5.1.3 Cartridges in reusable pens (Value and Volume, 2016 - 2026)
    • 5.1.4 Disposable Pens (Value and Volume, 2016 - 2026)
    • 5.1.5 Jet Injectors (Value and Volume, 2016 - 2026)
  • 5.2 Geography
    • 5.2.1 North America
      • 5.2.1.1 United States (Value and Volume, 2016 - 2026)
      • 5.2.1.1.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.1.2 Canada (Value and Volume, 2016 - 2026)
      • 5.2.1.2.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.1.3 Rest of North America (Value and Volume, 2016 - 2026)
      • 5.2.1.3.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
    • 5.2.2 Europe
      • 5.2.2.1 France (Value and Volume, 2016 - 2026)
      • 5.2.2.1.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.2.2 Germany (Value and Volume, 2016 - 2026)
      • 5.2.2.2.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.2.3 Italy (Value and Volume, 2016 - 2026)
      • 5.2.2.3.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.2.4 Spain (Value and Volume, 2016 - 2026)
      • 5.2.2.4.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.2.5 United Kingdom (Value and Volume, 2016 - 2026)
      • 5.2.2.5.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.2.6 Russia (Value and Volume, 2016 - 2026)
      • 5.2.2.6.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.2.7 Rest of Europe (Value and Volume, 2016 - 2026)
      • 5.2.2.7.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
    • 5.2.3 Latin America
      • 5.2.3.1 Mexico (Value and Volume, 2016 - 2026)
      • 5.2.3.1.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.3.2 Brazil (Value and Volume, 2016 - 2026)
      • 5.2.3.2.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.3.3 Rest of Latin America (Value and Volume, 2016 - 2026)
      • 5.2.3.3.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
    • 5.2.4 Asia-Pacific
      • 5.2.4.1 Japan (Value and Volume, 2016 - 2026)
      • 5.2.4.1.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.4.2 South Korea (Value and Volume, 2016 - 2026)
      • 5.2.4.2.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.4.3 China (Value and Volume, 2016 - 2026)
      • 5.2.4.3.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.4.4 India (Value and Volume, 2016 - 2026)
      • 5.2.4.4.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.4.5 Australia (Value and Volume, 2016 - 2026)
      • 5.2.4.5.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.4.6 Vietnam (Value and Volume, 2016 - 2026)
      • 5.2.4.6.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.4.7 Malaysia (Value and Volume, 2016 - 2026)
      • 5.2.4.7.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.4.8 Indonesia (Value and Volume, 2016 - 2026)
      • 5.2.4.8.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.4.9 Philippines (Value and Volume, 2016 - 2026)
      • 5.2.4.9.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.4.10 Thailand (Value and Volume, 2016 - 2026)
      • 5.2.4.10.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.4.11 Rest of Asia-Pacific (Value and Volume, 2016 - 2026)
      • 5.2.4.11.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
    • 5.2.5 Middle-East and Africa
      • 5.2.5.1 Saudi Arabia (Value and Volume, 2016 - 2026)
      • 5.2.5.1.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.5.2 Iran (Value and Volume, 2016 - 2026)
      • 5.2.5.2.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.5.3 Egypt (Value and Volume, 2016 - 2026)
      • 5.2.5.3.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.5.4 Oman (Value and Volume, 2016 - 2026)
      • 5.2.5.4.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.5.5 South Africa (Value and Volume, 2016 - 2026)
      • 5.2.5.5.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)
      • 5.2.5.6 Rest of Middle-East and Africa (Value and Volume, 2016 - 2026)
      • 5.2.5.6.1 By Devices (Insulin Pumps, Insulin Syringes, Cartridges in Reusable Pens, Disposable Pens, and Jet Injectors)

6 MARKET INDICATORS

  • 6.1 Type-1 Diabetes population (2016- 2026)
  • 6.2 Type-2 Diabetes population (2016 - 2026)

7 COMPETITIVE LANDSCAPE

  • 7.1 Company profiles
    • 7.1.1 Novo Nordisk
    • 7.1.2 Sanofi
    • 7.1.3 Eli Lilly and Company
    • 7.1.4 Medtronic
    • 7.1.5 Insulet
    • 7.1.6 Ypsomed
    • 7.1.7 Becton, Dickinson and Company

8 MARKET OPPORTUNITIES AND FUTURE TRENDS