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Insulin Delivery Device Market

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Persistence Market Research Released New Market Report on “Global Market Study on Insulin Delivery Devices - Asia to Witness Highest Growth by 2020” the global insulin delivery devices market is estimated at USD 9,391.1 million in 2014 and is expect
Insulin Delivery Device Market is Expected to Exceed $14,093.3 million in 2020
Persistence Market Research Released New Market Report on “Global Market Study on Insulin
Delivery Devices - Asia to Witness Highest Growth by 2020” the global insulin delivery devices
market is estimated at USD 9,391.1 million in 2014 and is expected to grow at a CAGR of 7% from
2014 to 2020, to reach an estimated value of USD 14,093.3 million in 2020.
The insulin delivery devices market is witnessing a significant growth due to the increasing
prevalence of diabetes and rising obese endemic. In addition, advanced features of insulin delivery
devices and rising awareness among people about diabetes care are also supporting in the growth of
the global insulin delivery devices market.
However, risk and complications associated with the delivery of insulin and high cost of insulin
analog hampers the growth of global insulin delivery devices market. As a result, the global insulin
delivery devices market is expected to grow a CAGR of 7% during 2014-2020.
North America has the largest market for insulin delivery devices. Increasing prevalence of diabetes
and the rising number of overweight and obese people are key drivers of the insulin delivery
devices market in the region. In addition, the rising number of elderly people is also supporting the
growth of the insulin delivery devices market in the region.
Similarly, the European insulin delivery devices market is mainly driven by the increasing
prevalence of diabetes, rising awareness among people about diabetes treatment, technological
advancements in insulin delivery devices and increasing aging population.
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In Asia, insulin delivery devices market is growing due to rising aging population and increasing
prevalence of diabetes. In addition, several government initiatives are increasing awareness about
diabetes treatment which would increase the demand for insulin delivery devices in the region.
In Latin America, construction of manufacturing and research facilities by many companies is
driving factor the insulin delivery devices market in the region.
Abbott Laboratories, Novo Nordisk A/S, Eli Lilly and Company, Medtronic, Inc., Sanofi, Becton,
Dickinson and Company and F. Hoffmann-La Roche, Ltd. are some of the leading players in the
global insulin delivery devices market. Other major players of insulin delivery devices market
include B. Braun Melsungen AG, Animas Corporation, Ypsomed Holding AG and Insulet
Corporation.
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Author
ashutosh
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