Home-Use Insulin Delivery Devices Market Set for Prosperity in Future

1. Surging Incidence of Diabetes Driving Demand for Home-Use Insulin Delivery Devices 1 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

2. The growing incidence of diabetes is driving the demand for home-use insulin delivery devices. According to the World Health Organization (WHO), 422 million people all over the world are currently suffering from diabetes. Furthermore, the organization reported that diabetes claims the lives of 1.6 million people every year. Besides the rising prevalence of diabetes, the mushrooming population of geriatric people is also fueling the demand for home-use insulin delivery devices across the world. According to the World Population Aging 2020 report published by the United Nations Department of Economic and Social Affairs (UNDESA), the population of people aged 65 years or above will rise from 727 million in 2020 to more than 1.5 billion by 2050. Moreover, as per a report published by the WHO, people are living longer nowadays, on account of the fact that the average life expectancy of people across the world has increased considerably over the last few decades. Request for sample pages of this report: https://www.psmarketresearch.com/market-analysis/home-use-insulin- delivery-devices-market/report-sample Apart from the aforementioned factors, the rapid technological advancements being made in insulin delivery devices are also propelling their popularity globally. Insulin inhalers, insulin pumps, and insulin pens have several advantages such as the ability to administer the required dosage of insulin accurately, thereby assisting in maintaining the normal level of insulin in the body. Moreover, it is less time consuming to administer insulin via insulin pens in comparison to insulin administration via syringes. The other advantages of these pens are the ability to minimize the risk of inaccurate dose administration and greater patient acceptability. Because of the above-mentioned reasons, the revenue of the home-use insulin delivery devices market is predicted to rise from $7,276.9 million in 2020 to $19,087.6 million by 2030, while the market is predicted to advance at a CAGR of 10.2% between 2021 and 2030 (forecast period). Depending on type, the market is divided into insulin pumps, insulin pens, and insulin syringes. Out of these, the insulin pens category dominated the market in 2020. This was because of the ease of administering insulin, rapid advancements made in the insulin pen technology, and the integration of the internet of things and smartphones in them. When distribution channel is taken into consideration, the home-use insulin delivery devices market is classified into e-commerce, diabetes clinics/centers, and pharmacies. Amongst these, the e-commerce category is predicted to register the fastest growth in the market in the coming years. This is ascribed to the various offers and discounts that are being provided by the e-commerce platforms. Additionally, these platforms provide the details of the products of various brands, which allows customers to make price and feature comparisons. Geographically, the home-use insulin delivery devices market was dominated by North America in 2020, as per the observations of the market research firm, P&S Intelligence. This was because of the high incidence of lifestyle diseases such as obesity and diabetes, growing public awareness about the importance of proper diabetes management, and surging healthcare expenditure in the regional countries. Additionally, 2 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

3. the presence of a large obese population also contributed massively toward the high sales of home-use insulin delivery devices in the region, as obesity is a major risk factor for diabetes. Hence, the sales of home-use insulin delivery devices will shoot up in the coming years, primarily due to the growing incidence of diabetes and the surging population of geriatric people all over the world. The research offers market size of the global home-use insulin delivery devices market for the period 2015–2030. Market Segmentation by Type  Insulin Syringes  Insulin Pens oReusable oDisposable  Insulin Pumps oExternal/tethered pumps oPatch pumps  Others Market Segmentation by Distribution Channel  Pharmacies E-Commerce Diabetes Clinics/Centers Market Segmentation by Region    North America oBy type oBy distribution channel oBy country – U.S. and Canada U.S. home-use insulin delivery devices market By type By distribution channel Europe     oBy type oBy distribution channel oBy country – Germany, France, U.K., Italy, Spain and Rest of Europe 3 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

4. Germany home-use insulin delivery devices market By type   By distribution channel France home-use insulin delivery devices market By type By distribution channel U.K. home-use insulin delivery devices market By type By distribution channel Italy home-use insulin delivery devices market By type By distribution channel           Spain home-use insulin delivery devices market By type By distribution channel Asia-Pacific (APAC)     oBy type oBy distribution channel oBy country – China, Japan, India and Rest of APAC Japan home-use insulin delivery devices market By type By distribution channel Latin America (LATAM)     oBy type oBy distribution channel oBy country – Brazil, Mexico and Rest of LATAM  Middle East and Africa (MEA) oBy type oBy distribution channel oBy country – Saudi Arabia, South Africa, U.A.E. and Rest of MEA 4 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

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