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Market Research Report
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1020685

Smart Insulin Pens Market: Current Analysis and Forecast (2021-2027)

Published: | UnivDatos Market Insights Pvt Ltd | 121 Pages | Delivery time: 1-2 business days

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Smart Insulin Pens Market: Current Analysis and Forecast (2021-2027)
Published: July 1, 2021
UnivDatos Market Insights Pvt Ltd
Content info: 121 Pages
Delivery time: 1-2 business days
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  • Description
  • Table of Contents
Description

Smart insulin pens are used for external insulin delivery thus offering an easy to carry solution to diabetes management. The demand for the insulin pens has increased considerably in the recent years owing to the increase in incidence of diabetic patients coupled with their cost-effective nature as compared to insulin pumps.

Smart insulin pens offer several benefits as compared to other insulin delivery devices such as it is easier to use than syringe and being portable in nature, can be easily used outside home. In addition, the pen allows to dial the dose accurately, which helps the people with vision problems to administer insulin easily. Increasing prevalence of diabetes among the population, rising government initiatives and widening margins of healthcare spending are some of the factors significantly impacting the demand of smart diabetes management solutions. However, stringent government regulatory policies and long, tedious approval procedure, lack of healthcare infrastructure and unavailability of resources to support R&D work in poor countries has been restricting the growth of smart insulin pens market

Based on types, the market is fragmented into first generation and second-generation devices. The second-generation segment generated revenue of USD XX million in 2020. The market is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027F owing to its easy portability and wireless connectivity

Based on the end-users, the market is fragmented into hospitals, ambulatory surgery centers, and home care settings. The homecare settings segment on account of increasing geriatric population and rise self-administration among patients has generated revenue of USD XX million in 2020 and is anticipated to reach USD XX million by the year 2027F, growing at a CAGR of XX% over the forecast period (2021-2027)

Based on the distribution channel, the market is fragmented into hospital pharmacy, online sales, retail pharmacy, and diabetes clinics/centres. The retail pharmacy segment generated revenue of USD XX million in 2020 and is anticipated to reach USD XX million by the year 2027F, growing at a CAGR of XX% over the forecast period (2021-2027)

For a better understanding of the market adoption of the Single Pair Ethernet market, the market is analyzed based on its worldwide penetration in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the Smart Insulin Pens industry and generated revenue of USD XX million in 2020 owing to the high prevalence for diabetes. The North American and Caribbean region spent some 325 billion U.S. dollars on health care for people with diabetes in 2019. However, the Asia Pacific region would grow at the highest CAGR during the forecast period due to its high population base and increase in incidence of diabetic patients

Some of the major players operating in the market include Eli Lilly and Company, Novo Nordisk, Companion Medical, DIAMESCO, Emperra GmbH, Companion Medical, Ypsomed holding AG, F. Hoffmann-La Roche AG, Insulet Corporation, Jiangsu Delfu medical device Co., Medtronics, etc. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions

Table of Contents
Product Code: UMHE21305

TABLE OF CONTENTS

1 MARKET INTRODUCTION

  • 1.1 Market Definitions
  • 1.2 Objective of the Study
  • 1.3 Limitation
  • 1.4 Stake Holders
  • 1.5 Currency Used in Report
  • 1.6 Scope of the Global Smart Insulin Pens Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

  • 2.1 Research Methodology for the Global Smart Insulin Pens Market
    • 2.1.1 Main Objective of the Global Smart Insulin Pens Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 TOP START-UPs UNDER SMART INSULIN PENS INDUSTRY

6 COVID-19 IMPACT

7 GLOBAL SMART INSULIN PENS MARKET REVENUE

8 MARKET INSIGHTS BY TYPE

  • 8.1 First Generation
  • 8.2 Second Generation

9 MARKET INSIGHTS BY USABILITY

  • 9.1 Pre-Filled
  • 9.2 Reusable

10 MARKET INSIGHTS BY END-USER

  • 10.1 Hospitals
  • 10.2 Ambulatory Surgery Centers
  • 10.3 Homecare Settings

11 MARKET INSIGHTS BY REGION

  • 11.1 NORTH AMERICA SMART INSULIN PENS MARKET
    • 11.1.1 United States
    • 11.1.2 Canada
    • 11.1.3 Rest of North America
  • 11.2 EUROPE SMART INSULIN PENS MARKET
    • 11.2.1 Germany
    • 11.2.2 France
    • 11.2.3 United Kingdom
    • 11.2.4 Spain
    • 11.2.5 Italy
    • 11.2.6 Rest of Europe
  • 11.3 ASIA PACIFIC SMART INSULIN PENS MARKET
    • 11.3.1 China
    • 11.3.2 Japan
    • 11.3.3 India
    • 11.3.4 Australia
    • 11.3.5 South Korea
    • 11.3.6 Rest of Asia Pacific
  • 11.4 REST OF THE WORLD SMART INSULIN PENS MARKET

12 SMART INSULIN PENS MARKET DYNAMICS

  • 12.1 Market Drivers
  • 12.2 Market Challenges
  • 12.3 Impact Analysis

13 LEGAL & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY SIDE ANALYSIS

  • 14.1 Demand Side Analysis
  • 14.2 Supply Side Analysis
    • 14.2.1 Top Product Launches
    • 14.2.2 Top Business Partnerships
    • 14.2.3 Top Merger & Acquisitions

15 VALUE CHAIN ANALYSIS

16 SMART INSULIN PENS MARKET OPPORTUNITIES

17 SMART INSULIN PENS MARKET TRENDS & INSIGHTS

18 COMPETITIVE SCENARIO

  • 18.1 Porter's Five forces analysis
    • 18.1.1 Bargaining power of Supplier
    • 18.1.2 Bargaining power of Buyer
    • 18.1.3 Industry Rivalry
    • 18.1.4 Availability of Substitute
    • 18.1.5 Threat of new Entrants

19 COMPANY PROFILED

  • 19.1 Medtronics
    • 19.1.1 Key Facts
    • 19.1.2 Business Description
    • 19.1.3 Key Product/Services Offerings
    • 19.1.4 Growth Strategy
    • 19.1.5 SWOT Analysis
    • 19.1.6 Key Financials
      • 19.1.6.1 Revenue Split
      • 19.1.6.2 Financial Overview of Medtronics
    • 19.1.7 Recent Developments
      • 19.1.7.1 Product Launch
      • 19.1.7.2 Partnerships
      • 19.1.7.3 Business Expansion and Investments
      • 19.1.7.4 Merger and Acquisition
  • 19.2 Eli Lilly and Company
  • 19.3 Novo Nordisk
  • 19.4 Companion Medical, DIAMESCO
  • 19.5 Emperra GmbH
  • 19.6 Companion Medical
  • 19.7 Ypsomed holding AG
  • 19.8 F. Hoffmann-La Roche AG
  • 19.9 Insulet Corporation
  • 19.10 Snuza International

20 DISCLAIMER