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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Smart Insulin Pens Market Analysis
The trends in the market include the increasing investments that are being made by the manufacturers in research and development to introduce new features and functionalities in smart insulin pens to the users. Due to the smart connectivity feature of these smart pens, developments have been undergoing to make them more connectivity efficient and connect them with even more devices instead of just smart phones, watches among others driving the global smart insulin pens market expansion. Data management from the data generated by the smart insulin pens has been a trend running in the market. The data that is generated by these pens can be used by doctors to provide a better and personalized conclusion current status of health. This data can be used by the users to optimize their treatment and management plans.
Smart Insulin Pens Market Report Snapshots
Smart Insulin Pens Market Size
Smart Insulin Pens Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of about USD 83.86 million in 2023, driven by increased advancement in insulin devices.
The market size is anticipated to grow at a CAGR of 12.3% during the forecast period of 2024-2032, and likely to reach a market value of USD 237.45 million by 2032.
The rising incidence of diabetes, along with the affordability and accessibility of the therapeutic products and services, are the major factors aiding the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is currently leading the global market.
The components in the market include smart insulin pens, adaptors for conventional pens disposable, and reusable.
The types of insulin pens include first generation and second-generation pens.
The applications can be for type 1 diabetes and type 2 diabetes.
The different connectivity types in the market includes Bluetooth and USB.
Key players involved in the market are Medtronic Plc, Novo Nordisk, Pendiq, Sanofi FA, Berlin-Chemie AG, Bigfoot Biomedical, Digital Medics Pty Ltd., Eli Lilly and Company., Jiangsu Deflu Medical Device Co. Ltd., and Emperra GmbH.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124