Industry Analysis Reports | Health Care | Medical Devices

Wednesday, 2 December 2020

Report : Neurovascular Devices Market 2020 | Size | Share | Trends | Global Trends | Demand

Overview:

The global market for neurovascular devices is witnessing a substantial backing from the growing investment in the healthcare sector. During the forecast period from 2018 to 2023, the market is expected to show impressive growth. Market Research Future (MRFR) points out several factors like favorable reimbursement policies, growing demand for minimally-invasive surgeries, and competitive landscape that promotes mergers, acquisitions, and other strategic methods. The market is also expected to gain from the technological evolution and easy incorporation of those technologies. However, the price of the product can be a restraining factor for the neurovascular devices market.

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Segmentation:

The global neurovascular devices market has been segmented on the basis of therapeutic application, product, and end-user. These segments have been studied in detail to provide better insights with proper backing from factors and data analyses.

By product, the report on the market includes neuro thrombectomy devices, cerebral balloon angioplasty, support device, aneurysm coiling & embolization devices, and stenting systems. The aneurysm coiling & embolization devices segment comprises flow diversion devices, embolic coils, and liquid embolic. The embolic coils segment includes detachable coils and pushable coils. The neuro thrombectomy devices segment has been segmented into retrieval systems, and suction & aspiration devices. The support device segment encompasses a study of microcatheters and microguidewires. The cerebral balloon angioplasty and stenting systems segment have been segmented on the basis of carotid artery stents and embolic protection systems. The embolic protection systems segmented includes balloon occlusion devices and distal filter devices.

By therapeutic application, the study on the neurovascular devices market can be segmented into hemorrhagic stroke and ischemic strokes.

By end-users, the study comprising details of the neurovascular devices market has been segmented into hospitals & clinics, and ambulatory surgical units. The hospitals and clinics segment is expecting better traction in the coming years.

Regional Analysis:

North America is leading the market from the front as its infrastructural superiority is boosting its market presence substantially. The regional market has better expenditure capacity owing to the presence of countries like the US and Canada. Investment for research and development is also getting backed properly. In Europe, government support to improve the healthcare system is expected to boost the market. The Asia Pacific region would profit from contributions of countries like India, China, South Korea, Singapore, and others where the healthcare sector is witnessing a proper influx of investments.

Competitive Landscape:

The global market for neurovascular devices market is witnessing steady growth on the basis of support from companies like Johnson & Johnson Services, Inc., TERUMO CORPORATION, Stryker, Medtronic, Medikit co., ltd., Penumbra, Inc., Evasc, Abbott, Merit Medical Systems, Inc., Rapid Medical, Secant Group, LLC, MicroPort Scientific Corporation, OxfordEndovascular, Sensome, Neuravi, W. L. Gore & Associates, Inc., LLC., Delaware Corporation, Blockade Medical, and Gynesonics. These companies have gained significant traction from various tactical moves that they have implemented. For instance, their contributions in the mergers, acquisitions, and joint ventures have yielded better results. These companies are also investing much in innovations and spending notable amounts in research and development projects.

Industry News:

The global market for neurovascular devices is getting hit by the recent outbreak of COVID-19. This is because all the major hospitals are now primarily with treating coronavirus patients and they are postponing any kind of elective surgeries. Various segments of hospitals are functioning in a sluggish manner to accommodate more COVID-19 patients. Coming out of such an extensive impact is no easy task and the market may find itself in dire conditions in the coming few months.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
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Magarpatta Road, Hadapsar,
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NOTE : Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

Global Covid19 Impact on Connected Healthcare Market Industry Status, Key Regions, Application, Top Key Players, Future and Forecast Till 2025

The purpose of connected healthcare solutions is to consolidate information from many different aspects of a person’s life to give a complete picture of his/her health that includes biological, genetic, lifestyle, medical, and sentiment/mood data. This information is beneficial for personalized healthcare programs. Market Research Future (MRFR) has published a research report regarding global connected healthcare market is expected to register a CAGR of 30.27% and is anticipated to reach USD 232,871.45 Million by 2025.

Analyzing the market structure, this report offers insights about factors affecting the market growth. Evaluating market size and forecasting the revenue, this reports covers and observes the competitive developments of market players that include joint ventures, mergers and acquisitions, new product developments, research and developments (R & D), and strategic alliances. Being a new model for healthcare delivery, connected healthcare can deliver healthcare services remotely. It ensures the best location, best doctor, and most relevant & efficient treatment methods at nominal costs for patients.

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The global connected healthcare market has been segmented on the basis of application, type, and lastly, region. Based on application, this market has been segmented into diagnosis & treatment applications, education & awareness applications, healthcare management applications, monitoring applications, wellness & prevention application, and others. By type, the market gets segmented in this report into E-prescription, M-health devices, and M-health services. M-health devices have sub-segmented into connected drug delivery systems, medical devices, and wearable devices. M-health services have been sub-segmented into healthcare providers & pharmaceuticals, mobile health apps & content solution, and network & services/ mobile operators. Among types, M-health services segment is expected to hold the largest market share during the forecast period.

The regional segmentation of the global connected healthcare market segments the market into continent-based regional markets known as North America, Europe, Asia Pacific, and the Middle East & Africa (MEA). Among all regional markets, North America holds the largest market share in the global market, and it has been envisaged to grow at a CAGR of 28.75% by the end of the forecast period. In terms of cash, it is expected to be worth US $ 37.38 bn. North America has maximum advanced medical facilities as well as technology. In this region, the strongest economies that are the key country-specific markets are the United States of America (USA) and Canada.

Europe is the second largest regional market that is expected to grow at a CAGR of 30.48% by the end of forecast period. Due to advanced technology and the availability of better healthcare facilities, Western Europe is a greater market than Eastern Europe. The most important country-specific markets in Europe are Germany, France, Spain, Italy, and the United Kingdom (UK), followed by the rest of Western Europe, and then by Eastern Europe.

Asia Pacific region has been anticipated to rise the fastest growing regional market during the forecast period. By the end of the forecast period, this regional market is expected to be worth US $ 24.07 bn. The primary country-specific markets in this region are Australia, China, India, Japan, and South Korea.

The MEA region shows limited market slow and steady growth. The reasons for the slow market growth in this region are lack of awareness, lack of education, lack of technological development, political instability, poor healthcare facilities, and healthcare not considered a priority by most governments.

Key Players

The key players in the global connected healthcare market include Agamatrix, Inc. (USA), Airstrip Technology (USA), AliveCor Inc. (Australia), Allscripts (USA), Athenahealth Inc. (USA), Boston Scientific Corporation (USA), Cerner (USA), GE Healthcare (UK), Koninklijke Philips N.V. (Netherlands), Medtronics (Ireland), and Qualcomm (USA).

Latest Industry News

Seven physician-led health information exchanges (HIEs) in the USA are now connected to the Military Health System (MHS). This development enables the MHS providers to access patients’ electronic health records to support clinical decision making at the point of care. 1 NOV 2018
Royal Philips, a global leader in health technology, is set to collaborate with Japanese healthcare informatics company, Allm Inc. The two partners are to jointly develop innovative connected healthcare solutions for acute care, home care, and mobile diagnostic solutions. 12 NOV 2018

Report Details @ https://www.marketresearchfuture.com/reports/connected-healthcare-market

About Market Research Future:

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312

Dental Sterilization Market 2020: Trends, Global Demand by 2023

Dental Sterilization Market Overview:

The global market for dental sterilization is getting a nod from several quarters and is slated to reach USD 1.5 billion during the forecast period of 2018 to 2023 with a 6.9% CAGR, Market Research Future (MRFR), in a recently revealed, research report, discussed factors that can impact the global market and ensure growth. The rising prevalence of dental diseases is triggering global growth. In the US, around 90% of students show some kind of tooth-related problems. This is also getting bolstered by dietary changes that are affecting the tooth. For instance, the consumption of sugar-rich or starch-rich food is also affecting dental health owing to which the market can register better growth. It is also getting support from hospitals and other dental departments.

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Dental Sterilization Market Competitive Landscape:

Dentsply Sirona, Danaher, A-Dec, Hu-Friedy, Planmeca Group, Matachana Group, Midmark, Nakanishi, Scican, W&H, Getinge, BMT Medical Technology, Tuttnaue, Crosstex, and Premier Dental are companies making a substantial impact on the global dental sterilization market with their strategic impulses. These players mostly target expansion in both client segments and portfolio. This is to strengthen its market position. Most of these strategic moves span across mergers, collaborations, innovations, better expenditure plans for various research and development projects, acquisitions, branding, marketing strategies, launching, and others. MRFR’s attempt to get the recent moves taken by these companies listed are based on the idea of understanding trends that would help in future plans.

Dental Sterilization Market Segmentation:

The global report with a detailed understanding of the dental sterilization market, has been segmented by MRFR experts into product and end use. Data gleaned from these segments are backed by charts and graphs and factors discussed in the report are contextually analyzed to make their impact more prominent.

By product, the global study on the dental sterilization market has been into consumables, instruments, and accessories. The instruments segment is leading the global market and its dominance is expected to remain unfazed during the forecast period.

By end use, the global discussion on the dental sterilization market includes hospitals, dental laboratories, and others. The hospital segment has the chance to emerge as the leading one, and it will retain its position during the forecast period. This segment primarily thrives due to the infrastructural benefits and better funding. The recent technological advancements are also providing thrust for the dental laboratories.

Dental Sterilization Market Regional Analysis:

North America is showing growth due to the constant rise in various technological inclusions in countries like the US and Canada. Also, these countries are quite robust in their financial structure, which is boosting the market. In Europe, countries are evolving as a dental tourism hub, which would inspire growth in the sector. In Asia Pacific, China, Japan, South Korea, and India would play a definitive role in taking the market ahead.

Industry News:

The recent outbreak of the COVID-19 pandemic triggered unprecedented responses from countries across the world. Most of the countries have initiated lockdowns, which means the shutting off of services that are not essential. This has hampered the dental sterilization market significantly. However, the impact of the disease seems to be passing owing to which several countries are allowing a lifting up of measures in a controlled manner, which may bring back the market on its foot again. In countries like New Zealand, Iceland, Vietnam, Italy, and others, governments are providing some sort of relaxation. This is good news for the market and the revenues it had lost during the first half of 2020 is expected to be balanced by the second half.

Browse Complete Report with Niche Segments and Top Industry Players at : https://www.marketresearchfuture.com/reports/dental-sterilization-market-6659

About Market Research Future:

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

Monday, 30 November 2020

Global Healthcare Contract Manufacturing Market- Demand, Analysis and Forecast

Global Healthcare Contract Manufacturing Market Research Report: Information by Type (Sterile and Non-Sterile), Service Type (Pharmaceutical Contract Manufacturing and Medical Device Contract Manufacturing), Industry (Pharmaceutical Industry, Medical Device Industry and Biopharmaceutical Industry) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2023

Overview:

The healthcare contract manufacturing market is benefiting much from the growing demand for medicine supplies which is facing a severe crisis from the pending expiration of a lot of generic drugs. The market relies heavily on the outsourcing of the manufacturing process of drugs to contract manufacturers. From drug development to drug manufacturing, a comprehensive platform this healthcare contract manufacturing sector provides. The from drug development to drug manufacturing market is expecting a growth by 9.86% during the forecast period (2017-2023), claims Market Research Future (MRFR). The report ensures a detailed analysis of the segments and driving factors that can assist the market in growth over the review period.

Among the factors, patent expiration of several drugs can be deemed as one of the chief influencers that can foster the mark

et growth during the forecast period. Emerging economies are demanding for greater percolation as the population boom in those countries have created scope for substantial market expansion. Drug manufacturers are also looking for significant contribution from these companies as number of drugs in the pipeline is getting piled up. Factors such as these are bound to boost the global from drug development to drug manufacturing market.

On the flip side, controlling third parties is quite complex which many manufacturers prefer to avoid. At the same time, clinical trials are becoming more exhaustive and tangled which can deter the healthcare contract manufacturing market from having the expected growth rate over the review period.

Segmentation:

The global healthcare contract manufacturing market can be segmented by type, service type, and industry.

Based on the type, the healthcare contract manufacturing market can be segmented into sterile and non-sterile.

On the basis of the service type, the healthcare contract manufacturing market includes pharmaceutical contract manufacturing services, medical device contract manufacturing services.

Industry-wise segmentation of the healthcare contract manufacturing market includes pharmaceutical, medical device, and biopharmaceutical.

Regional Analysis:

Region-specific analysis of the global healthcare contract manufacturing market includes the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).

The Americas is in charge of the global healthcare contract manufacturing market. With rising investment in healthcare, the focus is mainly on improving healthcare infrastructure and upgrading research institutions for better technology and others. Subsequently, manufacturers are now relying more on the advanced instruments they have put in use in their factories and manufacturing capabilities.

Europe assumes the second position in the market and the credit goes to the increased expenditure initiated by the regional governments. The reports published by the Organization for Economic Co-operation and Development (OECD) discloses that Germany spent USD 321 billion in 2014 in the healthcare sector which is a significant marker of the progress the regional market is making at present.

The APAC is the fastest growing market as major regional economies such as China and India are considerably investing to better their healthcare facilities to lure in patients from all over the world as a part of their medical tourism planning.

Competitive Analysis:

Some of the key players in this healthcare contract manufacturing market are Aesica Pharmaceuticals, Boehringer Ingelheim, AbbVie, Grifols International, S.A, Evonik Industries, Lonza Ag, Catalent, Benchmark Electronics, Flex Ltd, Forefront Medical Technologies, Hamilton Company, Sanmina Corporation, Teva Pharmaceutical Industries, Patheon, Mylan, Vetter Pharma International, and others.

In August 2018, Catalent completed their move to acquire Juniper. This would give the former a new and robust European base to function. Catalent, as the parent company of Juniper, would ensure the supply of Crinone marketed by Merck KGaA.

In January 2018, Intermountain Healthcare declared their plan to create a non-profit generic drug company as a direct manufacturer or contract manufacturer in collaboration with Ascension, SSM Health, and Trinity Health.

About Market Research Future:

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
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Maharashtra, India
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Latest Research On Diagnostic imaging Market Key Manufactures Shares, Analysis and Forecasts Till 2023

Market Highlights

The Global diagnostic imaging market size is projected to grow at a CAGR of 8.2% over the forecast period. In recent years, diagnostic imaging services improved their efficiency and accuracy for the of various acute and chronic diseases including cardiovascular diseases and cancer. The increasing prevalence of geriatric population and subsequent growth in the incidence of cardiac, and neurological diseases including cancer, growing government funding’s for development of medical diagnostics field, and the on-going technological advancements in imaging services are some factors that are anticipated to drive the market growth during the assessment period. Additionally, increasing demand for diagnostic imaging devices and development expenditure by the government as well as private sector is likely to contribute to the market growth. As per the data by the Office for National Statistics, in 2016, the gross domestic expenditure on research and development (R&D) was Euro 33.1 billion (USD 35.2 billion) in the UK. However, high cost of diagnostic imaging devices and unfavorable reimbursement policies may hamper the market growth during the assessment period.

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Segmentation

The Global diagnostic imaging services market has been segmented into procedure, application, and service provider.

By procedure, the market has been segmented into X-ray, Computed Tomography, Ultrasound, MRI (Magnetic Resonance Imaging), Nuclear Imaging, Radiography and others. The procedure segment is estimated to hold major market share in the global diagnostic imaging services market due to the rising R&D activities in the medical diagnostics field.

On the basis of application, the global diagnostic imaging services market has been segmented into Neurology, Cardiology, Oncology, Musculoskeletal and others.

The Global diagnostic imaging services market, by service provider, has been segmented into Clinics & Hospitals, Diagnostic centers, Research laboratories and others.

Key Players

Some of the prominent players in the global diagnostic imaging services market are Center for Diagnostic Imaging (CDI), Medquest Associates Inc./Novant Health, Simonmed/Dignity Health, Touchstone Imaging, Alliance Medical, Medica Group, Sonic Healthcare, Global Diagnostics, Consensys Imaging Service, Inc., Progressive Radiology, Concord Medical Services Holdings Limited, Alliance Healthcare Services, InHealth Group and others.

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Regional Analysis

On regional basis, the Americas is anticipated to dominate the global diagnostic imaging services market owing to the growing clinical R&D budgets by both government as well as public and private organizations in diagnostic imaging modalities and increasing adoption of advanced technologies in the region. Additionally, rising prevalence of geriatric population along with various chronic diseases is contributing the growth of this market. According to a report by Population Reference Bureau, the number of older population (aged 65 and above) will rise to nearly 24% from 15% by 2060. Europe is expected to hold the second largest position in the global diagnostic imaging services market owing to the presence of strong academic & research base and availability of funding for research in the European countries. Moreover, rising healthcare expenditure and awareness among people for detection of diseases is boosting the market in this region. The Asia-Pacific region is anticipated to be fastest growing region is due to rising demand for imaging devices, good quality healthcare infrastructure and incidence of major key players for growth and development in this region. The Middle East & Africa has the least share of the global diagnostic imaging services market. Moreover, the major market share of the region is expected to be held by the Middle East region owing to the increasing government initiatives for the healthcare sector.

About Market Research Future:

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
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News 2020: Hair transplant Market Size, Trends and Global Demand by 2023

Hair transplant surgery defined as a medical procedure where small pieces of hair-bearing scalp grafts are removed from a donor site and then relocated them to a bald or thinning area. A new report on the global hair transplant market, published by Market Research Future (MRFR), anticipates that this market can see advancement at 24% CAGR during the forecast period (2017-2023). In terms of money value, the market is to be worth USD 23,881.9 Mn by the end of the forecast period.

You can also read here!! https://www.medgadget.com/2020/10/hair-transplant-market-growth-and-demand-2020-industry-size-share-statistics-business-development-revenue-growth-insight-leading-players-competitive-analysis-and-emerging-technologies.html

The chief market driving factors for the global hair transplant market growth are the increasing number of surgical procedures and rising consumption of high doses of drugs. Other global hair transplant market driving factors that can progress the global hair transplant market growth include changing lifestyle of individuals, increasing awareness among people about their looks, increasing trend of looks being given more importance over other qualities, increasing research & development (R&D) to prevent hair fall, and technological advances in hair transplant procedures. However, the availability of alternative treatments and the high cost of hair transplant procedures can restrain the global hair transplant market growth.

Market Segmentation

The global hair transplant market segmentation encompasses end-user, surgical method, and surgery type. MRFR’s research on the market highlights many facets of the market in-depth.

Taking end-users into consideration the report segments the market includes dermatologic clinics, hospitals, trichology clinics, and others. By surgery type, the market segmented into eyebrow transplant, frontal hairline lowering or reconstruction, head hair transplant, and others.

Based on the surgical method, the market has been segmented into follicular unit extraction (FUE), follicular unit transplantation (FUT), and others. The follicular unit extraction (FUE) segment has been sub-segmented into automated FUE hair transplantation, follicular isolation technique, and robotic hair transplantation.

Regional Segmentation

A geographical outlining of the global hair transplant market covers the Americas (North America & Latin America), APAC (Asia Pacific), Europe, and the Middle East & Africa (MEA).

In the Americas, the market is strong due to the changing lifestyle of people, extensive use of cosmetics, growing demand for the restoration of hair, and increasing emphasis on skincare. The presence of major market players, availability of advanced medical facilities, and technological advancement make North America a bigger market compared to Latin America. In North America, many people, especially women, go through hair transplant procedure due to hormonal changes, increased psychological stress, poor dietary habits, and reduced nutritional levels as the age progresses. Many important market players are from the USA. Second highest market revenue in this region comes from Canada.

The Asia Pacific region is the second-largest regional market due to deterioration of physical as well as mental health among youth, increasing incidences of stress as well as workload, lifestyle disorders, and rising prevalence of skin disease. The depression among youngsters causes hair loss due to increasing social influence, peer pressure, and psychological stress. The countries that can be crucial markets in this region are China, India, Japan, and South Korea. An examination of the remaining countries in the Asia Pacific region featured in this report sums up the additional market revenue from some other countries.

In Europe, the market is growing due to lower hair transplant treatment costs, mounting demand for technological advancement in cosmetics as well as skincare, and unhealthy eating habits of adults as well as teenagers. The growing urbanization in France, Germany, and the UK is also boosting the market growth. Other countries that can become important markets during the forecast period are Italy and Spain. Research on the remaining countries in Western Europe featured in this report estimate the strong addition to market revenue from various other countries in this region, with some sizable market revenue from Eastern Europe.

The MEA is expected to emerge as a sound regional market in the near future due to developing healthcare infrastructure, growing awareness about hair transplant procedure, and increasing spending on healthcare.

Key Players

Big players in the global hair transplant market are Bernstein Medical (USA), Bosley (USA), Cole Instruments Inc. (USA), Ethics hair Instruments (India), Medicamat (France), and Restoration Robotics Inc. (USA).

Latest Industry News

Brentwood-based Revive Hair and Skin Clinic has partnered with Watford FC Regional Partner Programme to reach thousands of football fans. The specialty of Revive Hair and Skin Clinic lies in hair transplants and skin treatments. 18 SEP 2019

About Market Research Future:

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

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Office No. 528, Amanora Chambers

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Regional Trends on Smart Insulin Pens Market Size by Top Companies, Share, REport and Demand by 2027

Global Smart Insulin Pens Market: Information By Product Type (Smart Pen and Connecting Device), End-User (Hospital/Retail pharmacies and Online) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2027

Smart insulin pens are devices used to deliver the accurate dose of insulin to diabetics at the appropriate time. They have gained traction among diabetics due to its simplistic nature and easy to handle mechanism compared to traditional syringes. The global smart insulin pens market report by Market Research Future (MRFR) contains the pertinent drivers and challenges faced by manufacturers during the period of 2020 to 2027.

Smart Insulin Pens Market Overview

Global Smart Insulin Pens Market was valued at USD 72.97 Million in 2019 and is expected to register a CAGR of 10.77% during the forecast period of 2020 to 2027. Furthermore, the use of these devices for the management of diabetes by the general populace in developing countries can bode well for the market during the forecast period. Awareness of advanced drug delivery methods, need for modern treatments, and the alarming cases of diabetes can bolster the global market demand till 2027.

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The surge in the adoption rate of glucose monitoring devices, awareness of these devices, and integration of glucose measurement devices are other drivers of the market. According to the World Health Organization (WHO), diabetes was accountable for 1.2 million deaths in 2012. This can spark the demand for smart insulin pens for proper management of diabetes. Co-pay assistance and medical reimbursement policies covering the purveying of these devices can ensure the continuous sales.

Unfavorable reimbursement policies, risks associated with insulin pens, and increasing costs of insulin pens are challenges faced by the market.

Smart Insulin Pens Market Segmentation

The global smart insulin pens market has been segmented on the basis of product type, usability, and distribution channel.

On the basis of product type, the market has been segmented into first-generation pens and second-generation pens. The second-generation pens segment has been further divided into Bluetooth-enabled and USB connected.

By usability, the segment has been divided into disposable pens and reusable pens. Reusable insulin pens segment is likely to be the fastest growing segment during the forecast period.

The market, by distribution channel, has been segmented into retail pharmacies, diabetes clinics, online medical stores, and hospital pharmacies.

Smart Insulin Pens Market Regional Analysis

The Middle East & Africa (MEA), Americas, Asia Pacific (APAC), and Europe are regions discussed in the global smart insulin pens market report.

The Americas can be the leading region of the global market till 2023 due to favorable policies by regulatory authorities, adoption of advanced technology, and rising prevalence of diabetes among the general populace. The approval of novel injectable devices by regulatory agencies can drive the global smart insulin pens market growth.

The Europe smart insulin pens market is driven by adoption of advanced drug delivery devices, rising cases of diabetics, and presence of major players. According to the World Diabetes Foundation, more than 59 million have been diagnosed with diabetes, with the number purported to touch 71.1 million by 2040.

Government policies for assisting diabetics and rise in disposable income levels of patients are main drivers of the smart insulin pens market in APAC. Large cases of diabetes recorded in Southeast Asia can drive the regional market growth. As per the International Diabetes Federation, the number of diabetics in the region can touch 156 million by 2045.

Competition Outlook

InjexUK, Lilly USA, LLC, Digital Medics Pty Ltd., Companion Medical, Sanofi-Aventis US LLC, Diamesco Co., Ltd., Smith’s Medical, NIPRO Medical Corporation, Novo Nordisk A/S, Biocorp, Emperra GmbH E-Health Technologies, and others are notable players of the global smart insulin pens market. Manufacturers are launching new iterations of smart insulin pens for recording the proper dosage amounts and reminders of taking insulin shots at the appropriate time. For instance, the InPen by Companion Medical can capture mealtime data and shares it on the respective medical mobile application.

Industry News

Recently, Medtronic and Novo Nordisk have decided to pool in their offerings for sharing the data acquired by their smart insulin pens on a common diabetes management platform.

List of Table:

TABLE 1 LIST OF ASSUMPTIONS 13

TABLE 2 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS 16

TABLE 3 NUMBER OF ADULTS (20–79 YEARS) WITH DIABETES WORLDWIDE (MILLION) 22

TABLE 4 GLOBAL SMART INSULIN PENS MARKET, BY PRODUCT TYPE, 2016–2027 (USD MILLION) 31

TABLE 5 GLOBAL SMART INSULIN PENS MARKET, FOR SMART PEN, BY REGION, 2016–2027 (USD MILLION) 32

TABLE 6 GLOBAL SMART INSULIN PENS MARKET, FOR CONNECTING DEVICE, BY REGION, 2016–2027 (USD MILLION) 33

TABLE 7 GLOBAL SMART INSULIN PENS MARKET, BY DISTRIBUTION CHANNEL, 2016–2027 (USD MILLION) 34

TABLE 8 GLOBAL SMART INSULIN PENS MARKET, FOR HOSPITAL/RETAIL PHARMACIES, BY REGION, 2016–2027 (USD MILLION) 35

TABLE 9 GLOBAL SMART INSULIN PENS MARKET, FOR ONLINE, BY REGION,2016–2027 (USD MILLION) 36

TABLE 10 GLOBAL SMART INSULIN PENS MARKET, BY REGION 2016–2027 (USD MILLION) 37

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About Market Research Future:

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

Industry Analysis Reports | Health Care | Medical Devices | Pharmaceutical

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Wednesday, 2 December 2020

Report : Neurovascular Devices Market 2020 | Size | Share | Trends | Global Trends | Demand

Global Covid19 Impact on Connected Healthcare Market Industry Status, Key Regions, Application, Top Key Players, Future and Forecast Till 2025

Dental Sterilization Market 2020: Trends, Global Demand by 2023

Monday, 30 November 2020

Global Healthcare Contract Manufacturing Market- Demand, Analysis and Forecast

Latest Research On Diagnostic imaging Market Key Manufactures Shares, Analysis and Forecasts Till 2023

News 2020: Hair transplant Market Size, Trends and Global Demand by 2023

Regional Trends on Smart Insulin Pens Market Size by Top Companies, Share, REport and Demand by 2027

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