The North America insulin pen market is expected to reach US$ 3,907.9 Mn in 2027 from US$ 1,880.7 Mn in 2019.
Insulin pens are used to inject insulin for the treatment of diabetes. Insulin is a hormone produced by the pancreas. It consists of an insulin cartridge and a dial to measure the dose and is used in conjunction with a disposable pen needle to deliver the dose.
The healthcare industry is undergoing rapid transformations since a few years now. Various technological improvements have been witnessed in the segments including diagnosis and treatment options for chronic diseases. The increase in incidences of chronic illnesses and the increasing ageing population are the primary factors fuelling the growth of healthcare segment.
The North America Insulin Pens market is growing along with the healthcare industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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Diabetes is a life-threatening chronic disease with no specialized cure. It is mainly caused by the body’s inability to produce or effectively utilize the hormone insulin. This inability prevents the body from adequately regulating blood glucose levels. There are two types of diabetes namely diabetes type-I also known as diabetes insipid us and diabetes type-II also termed as diabetes mellitus. Incidences and prevalence of diabetes is steadily increasing across the globe. In high-income countries up to 91% of adults with the disease have type 2 diabetes.
These factors are expected to offer broad growth opportunities in the healthcare industry and this is expected to cause the demand for insulin pen assays in the market.
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NORTH AMERICA DIABETES CARE DEVICES – MARKET SEGMENTATION
By End User
- Diabetes Type-1
- Diabetes Type-2
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- North America
- Owen Mumford, LTD.
- Novo Nordisk a/s
- Companion Medical
- Berlin-Chemie AG
- Pendiq GmbH
- Emperra GmbH E-Health Technologies
- Eli lilly and company
- Ypsomed Ag
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