Driven by huge innovation, the market for insulin delivery systems has been growing rapidly across the globe. New products and diversifying uses are offering novel solutions to the industry. According to a new research report by RNCOS, consumer preferences are rapidly changing towards insulin delivery systems, and technologically advanced methods, which help in easy and efficient delivery of insulin, are being widely accepted. The traditional insulin syringes are now being rapidly replaced by insulin pens, pumps, and patches. Keeping such developments in view, it is estimated that the global insulin delivery systems market will grow at a CAGR of around 8% during 2012-2014.
Research Analysis & Highlights
The report, “Insulin Delivery Systems Market Forecast to 2014” is spread over 85 pages and provides an in-depth research and rational analysis of the current and expected status of the global insulin delivery devices market. For the study, the market has been segmented into insulin syringes, pens, pumps and jet injectors segments. The research foresees that the insulin pens, in particular, will grow at the highest rate in the coming years. It also presents the latest figure for diabetic patients. Further, it elaborates the market for insulin delivery systems in different geographies, especially China, India and the US. An overview of activities of key market players has also been included in the report to provide a balanced outlook of the industry to clients.
Some of the key findings of the report are:
Insulin pens are growing fastest in the insulin delivery systems market.
The US market for insulin delivery is seeing a high potential for insulin pumps.
Technological advancements and innovations are boosting growth in insulin delivery systems.
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Article By: Shushmul Maheshwari