Lucintel anticipates that North America will be the fastest growing region in the insulin delivery device market

   October 18, 2019
According to a new market report published by Lucintel, the future of the insulin delivery device market looks promising with opportunities in the patients/homecare and hospitals & clinic end use segments. The insulin delivery device market is expected to grow with a CAGR of 9% from 2019 to 2024. The major drivers for this market are growing geriatric population base, high adoption of sedentary lifestyle and growing awareness of diabetes treatment, technological advancements in insulin delivery devices, and rising awareness of advanced insulin delivery devices.

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In this market, various insulin devices are used to access an insulin dose, such as insulin pens, pumps, pen needles, and syringes. Insulin pens is the largest  product segment of the insulin delivery device market.

North America will remain the largest region over the forecast period due to high prevalence of the condition in the US and the high adoption rate of advanced mechanisms.

Becton Dickinson and Company, Novo Nordisk A/S, Medtronic, Sanofi, ELI Lilly and Company, Ypsomed, Animas, Tandem Diabetes Care, Insulet, and Biocon are among the major manufacturers of insulin delivery devices.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the insulin delivery device market by product type, end user, and region. Lucintel has prepared a comprehensive research report titled "Insulin Delivery Device Market 2019-2024: Trends, Forecast, and Opportunity Analysis". The Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the insulin delivery device market by product type, end user, and region as follows:

By Product Type [$M shipment analysis for 2013 – 2024]:

  • Insulin Syringe

  • Insulin Pens

  • Insulin Pumps

  • Pen Needles

  • Other Devices

By End User [$M shipment analysis for 2013 – 2024]:

  • Patients/Homecare

  • Hospitals and Clinics

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • United Kingdom

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

  • ROW

    • Brazil

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

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