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Smart Insulin Pens Market by Type (First Generation Pens and Second Generation Pens), by Usability (Pre-filled and Reusable), and by End User (Hospitals & Clinics, Ambulatory Surgical Centers, and Home Care Settings) - Global Opportunity Analysis and Industry Forecast, 2017-2023

LI 173485
Pages: 120
Aug 2017 | 1391 Views
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Author's : Prateeksha Kaul & Pallavi Jaiswal
Tables: 94
Charts: 12
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Smart Insulin Pens Market Overview:

Global Smart Insulin Pens Market was valued at $57 million in 2016, and is estimated to reach $117 million by 2023, growing at a CAGR of 10.7% from 2017 to 2023. Smart insulin pens are used for external insulin delivery thus offering an easy to carry solution to diabetes management. The demand for the insulin pens has increased considerably in the recent years owing to the increase in incidence of diabetic patients coupled with their cost-effective nature as compared to insulin pumps. In addition, their simple functioning and accuracy related to insulin dosing further stimulates their demand. However, there are certain disadvantages associated with the use of insulin pen such as two types of insulin cannot be mixed in an insulin pen, thus increasing the frequency of injections needed. This in turn impedes the market growth.

Rise in Diabetic Population

Rise in prevalence of diabetes raises the demand for needle-free insulin delivery devices. According to the Centers for Disease Control and Prevention, in 2015, approximately 30.3 million people or 9.4% of the total population of the U.S. suffered with diabetes. In addition, according to the Diabetes UK, in 2016, approximately 3.6 million people were diagnosed with diabetes. Hence, increase in diabetics is expected to have a positive impact on the market.

Growth in Asia-Pacific

Asia-Pacific offers lucrative opportunities for the market growth, due to its high population base and increase in incidence of diabetic patients. In addition, low cost of the device as compared to insulin pen further increases the demand of pens in the region.

Benefits of Smart Insulin Pens

Smart insulin pens offer several benefits as compared to other insulin delivery devices such as it is easier to use than syringe and being portable in nature, can be easily used outside home. In addition, the pen allows to dial the dose accurately, which helps the people with vision problems to administer insulin easily.

Global Smart Insulin Pens Market Segmentation

Global Smart Insulin Pens Market Segmentation

The global smart insulin pens market is segmented on the basis of type, usability, end user, and region. Based on type, the market is classified into first generation and second generation insulin pens. The second generation insulin pens are further bifurcated into Bluetooth-enabled and USB connected insulin pens. By usability, it is segmented into pre-filled and reusable insulin pumps. According to the end user, the market is classified into hospitals & clinics, ambulatory surgical centers, and home care settings. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key companies operating in the market include Eli Lilly and Company, Novo Nordisk, Companion Medical, DIAMESCO, and Emperra GmbH.

South Africa Smart Insulin Pens Market, 2016-2023 ($Million)

South Africa Smart Insulin Pens Market, 2016-2023 ($Million)

Key Benefits

  • The study provides an in-depth analysis of the global smart insulin pens market, with current trends and future estimations, to elucidate the imminent investment pockets.
  • Quantitative analysis from 2016 to 2023 of all geographical regions is expected to enable the stakeholders to capitalize on prevailing market opportunities.
  • Extensive analysis is conducted by closely following key product positioning and monitoring the top contenders within the market framework.

Global Smart Insulin Pens Market Key Segments:

By Type

  • First Generation Pens
  • Second Generation Pens
  • Bluetooth-Enabled
  • USB Connected

By Usability

  • Prefilled
  • Reusable

By End User

  • Hospitals & Clinics
  • Ambulatory Surgical Centers
  • Home Care Settings

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 

Chapter: 1 INTRODUCTION

Chapter: 2 EXECUTIVE SUMMARY

2.1. KEY FINDINGS OF THE STUDY
2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top wining strategies

3.2.1.1. Competitive intelligence of companies and their strategies

3.2.2. Top investment pockets

3.3. MARKET DYNAMICS

3.3.1. Drivers

3.3.1.1. Increasing incidence of diabetes
3.3.1.2. Rising geriatric population
3.3.1.3. Technological advancements

3.3.2. Restrains

3.3.2.1. Not suitable for combination insulin

3.3.3. Opportunities

3.3.3.1. Untapped opportunities in emerging nations

3.3.4. Impact analysis

3.4. MARKET SHARE ANALYSIS, 2016
3.5. GOVERNMENT REGULATIONS
3.6. CLINICAL TRIALS

Chapter: 4 SMART INSULIN PENS MARKET, BY TYPE

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. FIRST GENERATION PENS

4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast

4.3. SECOND GENERATION PENS

4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size and forecast
4.3.4. Bluetooth-enabled pens

4.3.4.1. Market size and forecast

4.3.5. USB connected pens

4.3.5.1. Market size and forecast

Chapter: 5 SMART INSULIN PENS MARKET, BY USABILITY

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. PRE-FILLED PENS

5.2.1. Market size and forecast

5.3. REUSABLE PENS

5.3.1. Market size and forecast

Chapter: 6 SMART INSULIN PENS MARKET, BY END-USER

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. HOSPITALS & CLINICS

6.2.1. Market size and forecast

6.3. AMBULATORY SURGICAL CENTERS

6.3.1. Market size and forecast

6.4. HOME CARE SETTINGS

6.4.1. Market size and forecast

Chapter: 7 SMART INSULIN PENS MARKET, BY REGION

7.1. OVERVIEW

7.1.1. Market size and forecast

7.2. NORTH AMERICA

7.2.1. Key market trends
7.2.2. Growth factors and opportunities
7.2.3. Market size and forecast

7.2.3.1. U.S. market size and forecast
7.2.3.2. Canada market size and forecast
7.2.3.3. Mexico market size and forecast

7.3. EUROPE

7.3.1. Key market trends
7.3.2. Growth factors and opportunities
7.3.3. Market size and forecast

7.3.3.1. Germany market size and forecast
7.3.3.2. France market size and forecast
7.3.3.3. UK market size and forecast
7.3.3.4. Italy market size and forecast
7.3.3.5. Spain market size and forecast
7.3.3.6. Rest of Europe market size and forecast

7.4. ASIA-PACIFIC

7.4.1. Key market trends
7.4.2. Growth factors and opportunities
7.4.3. Market size and forecast

7.4.3.1. Japan market size and forecast
7.4.3.2. China market size and forecast
7.4.3.3. India market size and forecast
7.4.3.4. Australia market size and forecast
7.4.3.5. Rest of Asia-Pacific market size and forecast

7.5. LAMEA

7.5.1. Key market trends
7.5.2. Growth factors and opportunities
7.5.3. Market size and forecast

7.5.3.1. Brazil market size and forecast
7.5.3.2. South Africa market size and forecast
7.5.3.3. Saudi Arabia market size and forecast
7.5.3.4. Rest of LAMEA market size and forecast

Chapter: 8 COMPANY PROFILES

8.1. ELI LILLY AND COMPANY

8.1.1. Company overview
8.1.2. Operating business segments
8.1.3. Business performance
8.1.4. Key strategic moves and developments

8.2. NOVO NORDISK

8.2.1. Company overview
8.2.2. Operating business segments
8.2.3. Business performance
8.2.4. Key strategic moves and developments

8.3. COMPANION MEDICAL

8.3.1. Company overview
8.3.2. Operating business segments
8.3.3. Business performance
8.3.4. Key strategic moves and developments

8.4. DIAMESCO

8.4.1. Company overview
8.4.2. Operating business segments
8.4.3. Business performance
8.4.4. Key strategic moves and developments

8.5. EMPERRA GMBH

8.5.1. Company overview
8.5.2. Operating business segments
8.5.3. Business performance
8.5.4. Key strategic moves and developments

LIST OF TABLES

TABLE 1. GLOBAL SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 2. GLOBAL FIRST GENERATION PENS MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 3. GLOBAL FIRST GENERATION PENS MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 4. GLOBAL SECOND GENERATION PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 5. GLOBAL SECOND GENERATION PENS MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 6. GLOBAL SECOND GENERATION PENS MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 7. GLOBAL SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 8. GLOBAL SMART INSULIN PENS MARKET FOR PRE-FILLED PENS, BY REGION, 2016-2023 ($MILLION)
TABLE 9. GLOBAL SMART INSULIN PENS MARKET FOR PRE-FILLED PENS, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 10. GLOBAL SMART INSULIN PENS MARKET FOR REUSABLE PENS, BY REGION, 2016-2023 ($MILLION)
TABLE 11. GLOBAL SMART INSULIN PENS MARKET FOR REUSABLE PENS, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 12. GLOBAL SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 13. GLOBAL SMART INSULIN PENS MARKET FOR HOSPITALS & CLINICS, BY REGION, 2016-2023 ($MILLION)
TABLE 14. GLOBAL SMART INSULIN PENS MARKET FOR HOSPITALS & CLINICS, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 15. GLOBAL SMART INSULIN PENS MARKET FOR AMBULATORY SURGICAL CENTERS, BY REGION, 2016-2023 ($MILLION)
TABLE 16. GLOBAL SMART INSULIN PENS MARKET FOR AMBULATORY SURGICAL CENTERS, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 17. GLOBAL SMART INSULIN PENS MARKET FOR HOME CARE SETTINGS, BY REGION, 2016-2023 ($MILLION)
TABLE 18. GLOBAL SMART INSULIN PENS MARKET FOR HOME CARE SETTINGS, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 19. SMART INSULIN PENS MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 20. NORTH AMERICA SMART INSULIN PENS MARKET, BY COUNTRY 2016-2023 ($MILLION)
TABLE 21. NORTH AMERICA SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 22. NORTH AMERICA SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 23. NORTH AMERICA SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 24. U.S. SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 25. U.S. SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 26. U.S. SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 27. CANADA SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 28. CANADA SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 29. CANADA SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 30. MEXICO SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 31. MEXICO SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 32. MEXICO SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 33. EUROPE SMART INSULIN PENS MARKET, BY COUNTRY 2016-2023 ($MILLION)
TABLE 34. EUROPE SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 35. EUROPE SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 36. EUROPE SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 37. GERMANY SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 38. GERMANY SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 39. GERMANY SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 40. FRANCE SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 41. FRANCE SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 42. FRANCE SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 43. UK SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 44. UK SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 45. UK SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 46. ITALY SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 47. ITALY SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 48. ITALY SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 49. SPAIN SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 50. SPAIN SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 51. SPAIN SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 52. REST OF EUROPE SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 53. REST OF EUROPE SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 54. REST OF EUROPE SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 55. ASIA-PACIFIC SMART INSULIN PENS MARKET, BY COUNTRY 2016-2023 ($MILLION)
TABLE 56. ASIA-PACIFIC SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 57. ASIA-PACIFIC SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 58. ASIA-PACIFIC SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 59. JAPAN SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 60. JAPAN SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 61. JAPAN SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 62. CHINA SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 63. CHINA SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 64. CHINA SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 65. INDIA SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 66. INDIA SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 67. INDIA SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 68. AUSTRALIA SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 69. AUSTRALIA SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 70. AUSTRALIA SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 71. REST OF ASIA-PACIFIC SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 72. REST OF ASIA-PACIFIC SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 73. REST OF ASIA-PACIFIC SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 74. ASIA-PACIFIC SMART INSULIN PENS MARKET, BY COUNTRY 2016-2023 ($MILLION)
TABLE 75. ASIA-PACIFIC SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 76. ASIA-PACIFIC SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 77. ASIA-PACIFIC SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 78. BRAZIL SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 79. BRAZIL SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 80. BRAZIL SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 81. SOUTH AFRICA SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 82. SOUTH AFRICA SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 83. SOUTH AFRICA SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 84. SAUDI ARABIA SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 85. SAUDI ARABIA SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 86. SAUDI ARABIA SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 87. REST OF LAMEA SMART INSULIN PENS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 88. REST OF LAMEA SMART INSULIN PENS MARKET, BY USABILITY, 2016-2023 ($MILLION)
TABLE 89. REST OF LAMEA SMART INSULIN PENS MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 90. ELI LILLY AND COMPANY: COMPANY SNAPSHOT
TABLE 91. NOVO NORDISK: COMPANY SNAPSHOT
TABLE 92. COMPANION MEDICAL: COMPANY SNAPSHOT
TABLE 93. DIAMESCO: COMPANY SNAPSHOT
TABLE 94. EMPERA GMBH: COMPANY SNAPSHOT

LIST OF FIGURES

FIGURE 1. MARKET SEGMENTATION
FIGURE 2. TOP WINNING STRATEGIES: PERCENTAGE DISTRIBUTION (2016)
FIGURE 3. TOP WINNING STRATEGIES: PERCENTAGE DISTRIBUTION, (2014-2016)
FIGURE 4. TOP WINNING STRATEGIES: NATURE AND TYPE
FIGURE 5. TOP COMPANIES AND THEIR STRATEGIES
FIGURE 6. DETAILED STRUCTURE OF COMPANIES AND NATURE OF STRATEGIES
FIGURE 7. DETAILED STRUCTURE OF COMPANIES AND TYPE OF STRATEGIES
FIGURE 8. TOP INVESTMENT POCKETS
FIGURE 9. IMPACT ANALYSIS, 2016
FIGURE 10. MARKET SHARE ANALYSIS, 2016
FIGURE 11. BLUETOOTH-ENABLED PENS MARKET, 2016-2023 ($MILLION)
FIGURE 12. USB CONNECTED PENS MARKET, 2016-2023 ($MILLION)

 

Diabetes is a major health condition. Hence, the adoption of smart insulin pens is vital for a safe and effective method of administration of insulin into the patient.

The major factors that drive the growth of the market includes surge in the incidence of diabetics, low cost compared to insulin pumps, and less injection pain caused than syringes. In addition, benefits of smart insulin pens, such as these can be easily used by people with visual or motor skills impairments, further fuels the market growth.

Asia-Pacific, especially, such as China and India, possesses high growth potential due to rapid increase in geriatric population coupled with rise in incidence of diabetes.

 

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