Europe Insulin Delivery Devices Industry Size to hit USD 3.48 Bn by 2020
Posted by MDFtrends on October 12th, 2017
According to the report Europe Insulin Delivery Devices Industry, published by Market Data Forecast, The Industry is expected to reach USD 3.48 billion by 2020 from USD 2.55 billion in 2015, growing at a CAGR of 6.40% during the forecast period 2015-2020.
Insulin maintains sugar levels in the blood and essential for the people suffering from type I diabetes & type II diabetes. The development of insulin delivery devices has been encouraged from the past years. These devices are used to deliver the insulin doses via parenteral route rather than oral route of administration. Insulin delivery devices promote absorption rate of insulin into blood stream from the site of injection to execute immediate pharmacological action of insulin. Some of the majorly used insulin delivery devices such as insulin syringes, insulin pens, insulin pen needles, insulin pumps, and insulin jet injectors.
Browse Industry data tables and in-depth TOC of the Europe Insulin Delivery Devices Industry to 2020 @ http://www.marketdataforecast.com/market-reports/europe-insulin-delivery-devices-market-260/
Presence of favorable medical reimbursements for human insulin pens across Europe, increasing funding for the research, increasing adoption of organic growth strategies by Industry players and growing diabetic patient awareness towards the benefits of insulin delivery devices in diabetes treatment are driving the growth of insulin delivery devices Industry Europe. However, requirement of extensive procedures for the approval of devices and limited accessibility of insulin delivery devices in certain areas of Europe are expected to restrain the growth of insulin delivery devices Industry in Europe.
Europe insulin delivery devices Industry is segmented based on the type and application. Based on type, the Industry is further sub-segmented as insulin syringes, insulin pens, insulin pen needles, insulin pumps, and insulin jet injectors. Of these, insulin syringes commanded the largest share of Europe insulin delivery devices Industry in 2015, whereas insulin pens segment is estimated to grow at the highest CAGR during the forecast period 2015-2020. Based on application, the Industry is segmented as type I diabetes and type II diabetes.
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On the basis of geographical areas, Europe insulin delivery devices Industry is segmented as U.K., Germany, France, Italy, and Spain.
The key players in insulin delivery devices Industry such as, Becton, Dickinson and Company (U.S.), Sanofi (France), Novo Nordisk A/S (Denmark), Julphar (U.A.E.), Eli Lilly and Company (U.S.), Biocon Ltd. (India), Ypsomed AG (Switzerland), Wockhardt Ltd. (India), B. Braun Meselgen AG (Switzerland), and Biodel Inc. (U.S.).
Key Points from Table of Contents
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
Europe Insulin Delivery Devices Industry: Segmentation
Industry Leaders' Analysis
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