Global Insulin Pen Market Analysis, Users (Reusable & Prefilled), Size, Share, Growth, Trends and Forecast Report
Albany, NY (PRWEB) August 13, 2014 -- In 2013, more than 50 thousand insulin users opted for an insulin pen, and out of this, a major percentage of the population uses Reusable (Cartridge) insulin pen compared to Prefilled (Disposable) insulin pen. The Insulin Pen market for 2013 is in double-digit billion US$, and it is expected to grow by 13% from 2013 to 2018.
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With such incredible growth, the demand for insulin pen is increasing exceptionally across the globe. Across the globe, insulin pen devices are the most widely applied method of insulin delivery after vial and syringe method. Growth in insulin pen devices market is likely to be hinged at United States, China, India, and Brazil in the coming years. Japan and European markets have reached maturation period for the pen devices market. Knowing these facts, the major players in the insulin pen devices market are strategically focusing on the Asian market in order to cater the rapidly increasing demand of insulin pen devices.
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1. Overall Diabetes Population (2007 – 2018)
2. Type1 Diabetes Population (2007 – 2018)
3. Type2 Diabetes Population (2007 – 2018)
4. Insulin Pen Users (2008 – 2018)
5. Reusable (Cartridge) Insulin Pen Users (2008 – 2018)
6. Prefilled (Disposable) Insulin Pen Users (2008 – 2018)
7. Insulin Pen Market (2008 – 2018)
8. Reusable (Cartridge) Insulin Pen Market (2008 – 2018)
9. Prefilled (Disposable) Insulin Pen Market (2008 – 2018)
10.Reimbursement Policies on Insulin Pen/Diabetes Scenario
All the 15 countries studied in the report are as follows:
1. United States
2. Germany
3. Sweden
4. United Kingdom
5. Spain
6. Italy
7. Australia
8. France
9. Canada
10. Japan
11. India
12. China
13. Brazil
14. Poland
15. Turkey
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The global insulin market was valued at USD 19.99 billion in 2012, and is expected to grow at a CAGR of 6.1% from 2013 to 2019 to reach USD 32.24 billion in 2019. Rising prevalence of diabetes is one of the serious healthcare concerns on a global level. Insulin is a hormone secreted by the pancreas to absorb the blood sugar. However, in diabetes, it is either not possible for the body to secrete insulin (type-1) or to utilize secreted insulin to metabolize glucose (type-2).
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