Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

What Long-Term Growth Rate is Expected for the Insulin Delivery Devices Market Between 2025 and 2034?

The market size of insulin delivery devices has seen considerable expansion in the recent past. It is projected to escalate from $17.71 billion in 2024 to a staggering $19.22 billion in 2025, posting a compound annual growth rate (CAGR) of 8.5%. This growth during the historic period is attributed to factors such as the convenience and user-friendliness of insulin delivery devices, encouraging reimbursement policies, rising obesity rates, an aging population, and increased adoption of insulin pumps.

There is an expected solid expansion of the insulin delivery devices market in the upcoming years. It is projected to escalate to $26.3 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.2%. This growth during the forecast period is believed to be due to factors such as increasing prevalence of diabetes, rising healthcare costs associated with diabetes management, the emergence of continuous glucose monitoring systems, improved patient awareness about the advantages of automatic insulin delivery devices, and a heightened focus on healthcare. Future trends during this period include advancements in the technology of insulin delivery devices, digital technology integration with these devices, the creation of artificial pancreas systems, developments in insulin delivery methods, and progressive bionic technology.

What Key Drivers Are Accelerating the Growth of the Insulin Delivery Devices Market During the Forecast Period?

The escalation in diabetes instances is predicted to stimulate the expansion of the insulin delivery devices market in the future. Diabetes, a chronic condition characterized by elevated blood sugar levels, results from insufficient insulin production by the pancreas or the body’s failure to use insulin effectively. The soaring rates of this disease are mainly attributable to inactive lifestyles, poor eating habits, and a global increase in obesity. Insulin delivery devices, which provide a regulated and convenient way to administer insulin, are necessary for managing diabetes, as they help to maintain blood sugar levels, avert complications, and promote overall well-being. For example, the Centers for Disease Control and Prevention, a US governmental agency, reported in December 2022 that the instances of type 2 diabetes in individuals below 20 years in the US could surge by almost 700% by 2060, reaching approximately 220,000 individuals. In the same time span, diagnoses of type 1 diabetes in young people could potentially increase by 65%. Consequently, the mounting prevalence of diabetes is fueling the growth of the insulin delivery devices market.

Explore Comprehensive Insights Into The Global Insulin Delivery Devices Market With A Free Sample Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=18642&type=smp

What Are the Key Firms That Are Driving Transformation in the Insulin Delivery Devices Market?

Major companies operating in the insulin delivery devices market are:

• Sanofi SA_x000D_

• Abbott Laboratories_x000D_

• F. Hoffmann-La Roche Ltd._x000D_

• Medtronic Plc_x000D_

• Eli Lilly and Company_x000D_

What Current Trends in the Insulin Delivery Devices Market Should Industry Players Pay Attention To?

Key players in the insulin delivery devices market are concentrating their efforts on developing innovative products like insulin pumps, which allow for constant or tailor-made insulin delivery. These insulin pumps are technologically advanced, programmable devices that administer insulin consistently or if needed via a catheter inserted under the skin. For example, Beta Bionics, a medical tech firm based in the US, received FDA approval for the iLet ACE Pump and iLet Dosing Decision Software in May 2023. The iLet Bionic Pancreas system, designed for people six years and above diagnosed with type 1 diabetes, pairs two devices with a compatible FDA-cleared built-in continuous glucose monitor (iCGM). This system functions on an automated insulin dosage (AID) model guided by a responsive closed-loop algorithm that only necessitates using the user’s bodyweight during setup, effectively nullifying the need for extra insulin dosage guidelines. Distinct from conventional pump therapy, this system doesn’t require any manual adjustment to the configuration which simplifies initiation and maintenance. The iLet device further unveils a meal notification feature that facilitates mealtime insulin dosing by classifying meals into small, medium, or large. Consequently, the algorithm learns and adjusts to individual insulin needs over time.

Secure Your Global Insulin Delivery Devices Market Report Now for Fast and Efficient Delivery!

https://www.thebusinessresearchcompany.com/report/insulin-delivery-devices-global-market-report

What Are the Strategic Segments Comprising the Insulin Delivery Devices Market and Their Growth Contributions?

The insulin delivery devices market covered in this report is segmented –

1) By Type: Insulin Syringes, Insulin Jet Injectors, Pen Needles, Reusable Insulin Pens, Disposable Insulin Pens, Insulin Pumps, External Or Tethered Pumps, Patch Pumps

2) By Disease Indication: Type 1, Type 2

3) By Distribution Channels: Hospital Pharmacies, Retail Pharmacies, Online Sales, Diabetes Clinics Or Centers

Subsegments:

1) By Insulin Syringes: Standard Insulin Syringes, Insulin Syringes With Fixed Or Adjustable Needle Length

2) By Insulin Jet Injectors: Needle-Free Insulin Jet Injectors, High-Pressure Insulin Jet Injectors

3) By Pen Needles: Short Pen Needles, Long Pen Needles

4) By Reusable Insulin Pens: Reusable Pens With Replaceable Cartridges, Refillable Insulin Pens

5) By Disposable Insulin Pens: Single-Use Disposable Insulin Pens, Pre-Filled Disposable Insulin Pens

6) By Insulin Pumps: Traditional Insulin Pumps, Smart Insulin Pumps

7) By External Or Tethered Pumps: Traditional External Insulin Pumps, Wireless Tethered Pumps

8) By Patch Pumps: Patch Insulin Pumps, Integrated Patch Pumps

What Regions Are Driving Expansion in the Insulin Delivery Devices Market?

North America was the largest region in the insulin delivery devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the insulin delivery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Does the Definition of the Insulin Delivery Devices Market Include?

Insulin delivery devices refer to medical tools designed to administer insulin into the body of a person with diabetes. These devices are crucial for managing blood glucose levels in individuals who cannot produce sufficient insulin naturally. These devices are used to manage blood sugar levels effectively, providing flexibility and convenience in insulin administration.

Browse Through More Similar Reports By The Business Research Company:

Insulin biosimilars Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/insulin-biosimilars-global-market-report

Insulin Pens, Syringes, Pumps And Injectors Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/insulin-pens-syringes-pumps-and-injectors-global-market-report

Insulin Patch Pumps Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/insulin-patch-pumps-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: