APAC to Show Highest Growth of Insulin Delivery Devices Market, Predicts Market Research Future in Its Report Available at MarketPublishers.com17 Jan 2017 • by Natalie Aster
LONDON – The rising prevalence of diabetes represents the number one driver of the world’s market for insulin delivery devices. The increasing awareness of diabetes, technological advancements and a rise in the global geriatric population are some of major driving forces.
Still the cost of insulin remains high and risks that are associated with the delivery devices are also high. These two factors restrain the overall growth.
Nevertheless, the global marketplace is projected to grow at a 6.9% CAGR in the coming years to be worth more than USD 14 billion by 2020.
Insulin syringes form the largest segment of the worldwide market. Its revenues amount to USD 3.5 billion annually. Insulin pumps, however, are projected to showcase the highest growth in the offing (at a 7.5% CAGR).
Geography-wise, more than 40% of the marketplace belongs to North America, but the most rapid growth is set to occur in APAC. The latter one is projected to grow at a CAGR of around 7% in the years to come.
Eli Lily, Medtronic, Sanofi and Novo Nordisk are amongst leading companies globally.
In-demand research report “Global Insulin Delivery Devices Market – Estimation & Forecast, 2013-2020” developed by Market Research Future offers comprehensive examination of the worldwide market for insulin delivery devices. The study sheds light on trends of the marketplace.
It focuses on factors that drive the world’s space and the ones that hinder the growth. The report estimates a historical sizing of the marketplace and projects its future changes, thus covering the period 2010-2020.
The research study sheds light on major regions as well as countries. It investigates the competitive environment and discusses the competitive positioning of leading competitors and covers their shares.
The research report comprises top companies’ profiles. Future outlook for the world’s market is on hand in the research study, too.
More in-demand report by our partner can be found at its page.