January 19, 2022
According to the research report titled ‘United States Diabetes Insulin Delivery Pen Market: Companies Profiles, Size, Share, Growth, Trends and Forecast to 2026’, available with MarketStudyReport, United States diabetes insulin delivery pen market is anticipated to amass USD 5 billion by the year 2026.
United States diabetes insulin delivery pen market growth is expected to be driven by increasing number of diabetes patients, rising cognizance among consumers about insulin devices, increasing government support, and technological advancements in the field. Besides, elevated risk of diabetes due to unhealthy lifestyle and poor eating habits adopted by the population is also adding to the market development.
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Notably, insulin pens are considered to be more user-friendly and less painful as compared to syringes, thus major players in the vertical are manufacturing their own insulin pens. Pens are known to limit insulin intake by administrating precise dosage as compared to traditional syringes.
Based on type, United States diabetes insulin delivery pen market is split into disposable insulin delivery pens, reusable insulin delivery pens, and smart insulin delivery pens. The report presents current industry scenario and forecasts with respect to the segments mentioned. It sheds light on the shares captured, size, and scope of each sub-market, and helps stakeholders understand the demand and potential opportunity in the field.
Aside from the aforementioned, the research provides an up-to-date analysis of the changing market situation, recent developments, the number of people suffering from diabetes, count of individuals using insulin pens, and the doses given. In addition, the study assesses reimbursement patterns and provides a detailed picture of the regulatory landscape in this domain.
Elaborating on the competitive landscape, leading contenders influencing United States diabetes insulin delivery pen industry dynamics are Diamesco Co. Ltd., Emperra GmbH E-Health Technologies, Digital Medics Ptd Ltd., DiabNext, Companion Medical Inc., Owen Mumford, Sanofi S.A., Eli Lilly and Company, and Novo Nordisk A/S.
The companies are actively focusing on improving their product portfolio and investing in R&D to battle the ailment and amplify profits. Further, they are also undertaking collaboration, partnership, and licensing deals to improve their standing in the marketplace.