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DUBLIN--(BUSINESS WIRE)--Oct 31, 2022--
The "Smart Insulin Pens Market By Type, By Usability, By End User: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
The global smart insulin pens market was valued at $94.8 million in 2020, and is estimated to reach $298.9 million by 2030, growing at a CAGR of 12.2% from 2021 to 2030.
Key Market Players
Smart insulin pens are used for external insulin delivery thus offering an easy to carry solution for diabetes management. Different kinds of smart insulin pens and associated devices, such as smart pen caps, are in the market, and smart insulin pens with connectivity are defined as those with built-in interface technology.
The demand for insulin pens has increased considerably in the recent years owing to surge in incidence of diabetic patients coupled with the cost-effective nature of insulin pens as compared to insulin pumps. In addition, their simple functioning and accuracy related to insulin dosing further stimulates their demand.
However, there are certain disadvantages associated with the use of insulin pen such as two types of insulin cannot be mixed in an insulin pen, thus increasing the frequency of injections needed. This in turn impedes the market growth.
Key Benefits For Stakeholders
Key Market Segments
By End User
By Type
By Usability
By Region
For more information about this report visit https://www.researchandmarkets.com/r/hn4x6
View source version on businesswire.com:https://www.businesswire.com/news/home/20221031005398/en/
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KEYWORD:
INDUSTRY KEYWORD: DIABETES HEALTH MEDICAL DEVICES
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/31/2022 07:54 AM/DISC: 10/31/2022 07:54 AM
http://www.businesswire.com/news/home/20221031005398/en