Global insulin delivery devices market from (2018-2025) Insulin pen product type is expected to grow at th | Page 2

healthcare facilities across the globe have led to the burgeoning market growth of
insulin delivery devices.
Insulin pump product type dominated the market in 2017 with one-third of market
share and is expected to dominate the global insulin delivery devices market during
the forecast period. However, insulin pens are anticipated to witness the fastest
growth in the coming years on account of growing adoption among healthcare
professionals and patients due to its characteristics of high accuracy and advanced
properties.
Rising awareness of technologically advanced devices among patients, increasing
research & developments activities by market players coupled with technologically
advancements in insulin pens and Insulin pumps are likely to spur the growth of
global insulin delivery devices market in future.
“Leading firms in the insulin delivery market are consistently spending on research &
development activities to maintain leadership in technological innovation. For
instance, in July 2018, Roche received CE mark for its Accu Chek Solo micropump
system and will launch the micropump in coming months for the diabetes patient
around the globe. The insulin delivery device market is witnessing a significant
growth rate in North America due to the rising technological advancements and rise
in the diabetic population.”
—-GMI Research
In 2017, Asia Pacific dominated the global insulin delivery devices market, owing to,
the factors such as large patient pool, high adoption of technology, high volume of
homecare setting procedures and growth in medical tourism. North America is one of
the fastest growing regions for insulin delivery device market and is predicted to
grow at the fastest rate during the forecast period.