Market Research News Global Insulin Pen Cap Market (2016-2024)- Researc | Page 2

Global Insulin Pen Cap Market Overview
Insulin pen cap is referred to a cap that transforms any insulin pen into smart pen. It
helps the patients to check how much time has passed since the last injection. This
device keeps track of the reading and record the reading for future reference.
Market Size and Forecast
Global Insulin Pen Cap Market is expected to grow at a robust growth over the
forecast period i.e. 2017-2024. Further, insulin pen cap market is driven by various
factors such as growing adoption of technologically advanced devices and increasing
healthcare concerns. In terms of geography, North America region is expected to
dominate the market during the forecast period.
Further, U.S. is the leading country in this region because of better technological
infrastructure and increase in adoption of innovative healthcare products. Likely,
rapid urbanization coupled with mounting demand for user-friendly health
monitoring gadgets are envisioned to bolster the growth of insulin pen cap market by
the end of 2024. Additionally, increased connectivity and rising old age population
affected with diabetes are envisioned to foster the growth of insulin pen cap market
in the North America region.
North America market is trailed by Europe and Asia-Pacific. Europe holds the second
largest insulin pen cap market and it will show a robust growth over the forecast
period owing to presence of major key players in this region. The major countries
witnessing the augmented demand for insulin pen cap are U.K. and France. Asia-
Pacific region is expected to be the fastest growing insulin pen cap market during the
forecast period. Further, rising early age diabetic patients and growing awareness
towards advanced healthcare gadgets are believed to foster the growth of insulin pen
cap market in Asia-Pacific region. Moreover, the growth in this region is credited to
the rise of middle class and rising purchasing power of the population. Japan and
China are the leading countries of Insulin Pen Cap Market in this region.
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