Insulin Delivery Devices Market to 2019 - Simplified Pump Solutions and Low Cost Pens Represent Distinct Regional Growth Drivers
Category : Medical Devices
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Introduction to Report
Launch Date: April 4, 2014
Number of Pages: 121
Geography Coverage: Global
Available Format: PDF
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About the Report
Insulin Delivery Devices Market to 2019 - Simplified Pump
Solutions and Low Cost Pens Represent Distinct Regional
Growth Drivers report looks at the market, competitive
landscape, and trends for the four insulin delivery devices
market segments: insulin pens, insulin pumps, insulin
syringes and traditional insulin pump accessories.
It provides comprehensive information on the key trends
affecting these segments, and key analytical content on
the market dynamics.
The global insulin delivery devices market was valued at $8.8
billion in 2012 and is forecast to reach $13.8 billion by 2019, at a
CAGR of 7%.
Emerging economies such as India and China are expected to
grow at the fastest pace during the 2012-2019 forecast period.
The use of pre-filled cartridges eliminates the need for insulin
reservoirs and reduces the weight of the insulin pump by 25%.
Currently, the top two players, Medtronic and Animas
Corporation, account for 80% of insulin pump sales in the US.
Insulet Corporation, with its flagship insulin pump OmniPod,
holds about 15% of the market, while other small players such as
Tandem, Asante and Roche hold a combined market share of 5%.
The Research estimates, competitive conversions will account
for about 60% of the sales generated by new entrants such as
Insulet Corporation, Tandem Diagnostics and Asante in the
future. Patients who are new to insulin pump therapy will
contribute close to 40% of the sales generated by new entrants.
Research Findings Continues…
The worldwide prevalence of diabetes in 2013 was 381.8
million, and this is projected to increase by 55% to 591.1 million
by 2035. It is also estimated that 175 million diabetics remain
undiagnosed, which accounts for 46% of all diabetics worldwide.
China had a diabetes prevalence of 98.4 million, followed by
India with 65.1 million and the US with 24.4 million.
At the current rate, diabetes prevalence in China is expected to
increase to 142.7 million by 2035, while in India it is expected to
rise to 109 million by 2035. In 2013, the US spent $239 billion on
diabetes, accounting for 36% of its healthcare expenditure, while
China, the country with the highest number of diabetics
globally, spent only $38 billion on diabetes, accounting for 7% of
its healthcare costs.
Research Findings Continues…
The study showed that the annual cost of providing insulin
pumps was projected from $8.6 billion in 2012 to $15.1 billion by
2032. The annual cost of treatment for serious complications
from diabetes was projected from $8.8 billion in 2012 to $25.1
billion by 2032.
These are the direct costs related to the management of serious
complications from diabetes. Considering only the direct
costs, government investment in insulin pumps could save
$200,000 in 2012 and $10 billion by 2032.
Taking indirect costs into account, such as costs associated with
mortality and disability arising from diabetes, the net savings
will increase to $800,000 in 2012 and $10.8 billion by 2032.
1. Novo Nordisk (Subsidiary of Novo A/S)
3. Eli Lilly
5. Becton, Dickinson and Company
7. F. Hoffmann-La Roche
9. Asante Solutions
10. Abbott Laboratories
12. Owen Mumford
13. Bioject Medical Technologies
14. Injex - Equidyne Systems
15. Antares Pharma
16. Tandem Diabetes Care
17. Tonghua Dongbao Pharmaceutical
18. Shanghai Fosun Pharmaceutical
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