The insulin delivery device market size is projected to
reach $15.6 billion by 2022, growing at a CAGR 6.6% between 2016-2022.
The increasing prevalence of diabetes, growing geriatric
population, increasing prevalence of obesity, technological of drug delivery
devices and increasing awareness of diabetic care are driving the growth of the
market.
In terms of type, the insulin
delivery device market is segmented into insulin pen, insulin syringe,
insulin pump and others. The insulin pen segment accounted for the major market
share in the global market in 2015, and the insulin pump segment is expected to
witness the highest growth during 2016-2022.
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Some of the key companies operating in the insulin delivery
device market include Novo Nordisk A/S, Medtronic PLC, Abbott Laboratories, Eli
Lilly and Company, Insulet Corporation, Sanofi S.A., Becton, Dickinson and
Company, F. Hoffmann-La Roche Ltd., Animas Corporation, B. Braun Melsungen AG,
and Ypsomed Holdings AG.
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