The high prevalence of diabetes across the globe is driving the global insulin delivery systems market. As per the findings of a new research report by RNCOS, insulin pens, with highly promising developments, is the fastest growing segment in the insulin delivery devices market.
An easy option like insulin syringes, an insulin pen offers greater convenience in administering accurate insulin with less pain. An analysis of this segment, carried out in the study, showed that the US dominates the global market for insulin pens, while developing countries like India and China are rapidly adopting such advanced devices. With these developments, the insulin pens market is anticipated to expand at a double-digit CAGR during 2012-2014.
According to “Insulin Delivery Systems Market Forecast to 2014”, countries, such as China, India, the US, Brazil and Bangladesh are expected to become the top diabetic nations by 2030. The awareness related to diabetes is rising rapidly, and treatment options for patients are also widening alongside. With this, the future of highly efficient insulin devices seems more promising. The changing consumer preferences and rising technological advances are key factors driving the insulin delivery system market’s growth across the globe. It is estimated that the global insulin delivery systems market will rise at a CAGR of around 7% during the forecast period.
The 90-page report provides an in-depth research and rational analysis of the current status and expected position of the insulin delivery system market. The study presents a global picture about prevalence of diabetes and the overall market for insulin delivery systems. It includes a geographical analysis of insulin delivery systems in key diabetic countries. The research further covers the main insulin delivery systems along with their current and future market projections. As innovation has huge scope in this field, the report elaborates some emerging insulin delivery devices. With a view to providing a complete understanding of the market to clients, the report also discusses profiles of leading market players.
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