Persistence Market Research Released New Market Report on “Global
Market Study on Insulin Delivery Devices - Asia to Witness Highest
Growth by 2020” the global insulin
delivery devices market is estimated at USD 9,391.1 million in
2014 and is expected to grow at a CAGR of 7% from 2014 to 2020, to
reach an estimated value of USD 14,093.3 million in 2020.
The insulin delivery devices market is witnessing a significant
growth due to the increasing prevalence of diabetes and rising obese
endemic. In addition, advanced features of insulin delivery devices
and rising awareness among people about diabetes care are also
supporting in the growth of the global insulin delivery devices
market.
However, risk and complications associated with the delivery of
insulin and high cost of insulin analog hampers the growth of global
insulin delivery devices market. As a result, the global insulin
delivery devices market is expected to grow a CAGR of 7% during
2014-2020.
North America has the largest market for insulin delivery devices.
Increasing prevalence of diabetes and the rising number of overweight
and obese people are key drivers of the insulin delivery devices
market in the region. In addition, the rising number of elderly
people is also supporting the growth of the insulin delivery devices
market in the region.
Similarly, the European insulin delivery devices market is mainly
driven by the increasing prevalence of diabetes, rising awareness
among people about diabetes treatment, technological advancements in
insulin delivery devices and increasing aging population.
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In Asia, insulin delivery devices market is growing due to rising
aging population and increasing prevalence of diabetes. In addition,
several government initiatives are increasing awareness about
diabetes treatment which would increase the demand for insulin
delivery devices in the region.
In Latin America, construction of manufacturing and research
facilities by many companies is driving factor the insulin delivery
devices market in the region.
Abbott Laboratories, Novo Nordisk A/S, Eli Lilly and Company,
Medtronic, Inc., Sanofi, Becton, Dickinson and Company and F.
Hoffmann-La Roche, Ltd. are some of the leading players in the global
insulin delivery devices market. Other major players of insulin
delivery devices market include B. Braun Melsungen AG, Animas
Corporation, Ypsomed Holding AG and Insulet Corporation.
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