Healthcare Insulin Powder Market | Page 2

The global insulin powder market is segmented into end- user such as hospitals,
personal care and others. Additionally, hospitals captured the largest segment in
2016 and it is expected to acquire at a remarkable CAGR during the forecast
period . Further, the growth of this segment is attributed to increasing number
of population affected with diabetes. Likely, rising demand for advanced
healthcare device to cure high blood glucose level is projected to foster the
growth of insulin powder market. Moreover, continuous advancement in
healthcare products is also believed to spur the growth dry powder inhaler
market.
Global insulin powder market is expected to register a considerable CAGR over
the forecast period. Moreover, the global insulin powder market is anticipated to
observe exponential sales by 2024. The market is expected to expand on the
back of supportive government initiatives to develop the healthcare
infrastructure.
In terms of regional platform, the most prominent regional markets of insulin
powder include North America and Europe. In addition to this, North America
region grabbed the leading position in overall insulin powder market aided by
U.S. Further, this growth is attributed to the increasing research and
development activities related to drugs. Apart from this, Asia-Pacific is believed
to be the most lucrative market due to emerging economies such as India and
China.
Rising Demand for Non-Invasive Medical Procedure
Growing demand for non-invasive method to cure high blood sugar related
diseases along with advancement in drugs is predicted to bolster the growth of
insulin powder market. Furthermore, increasing number of death due to diabetes
all over the globe for instance, according to American Diabetes Association,
diabetes is the seventh leading cause of death in U.S. which accounted for 79,535
deaths in 2015. This factor is believed to propel the growth of insulin powder
market.
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Increasing Healthcare Expenditure on Diabetes Treatment
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