Analyzing the Future of Insulin Delivery Devices Market Dynamics 2025-2034: Growth Rate, Trends, and Major Opportunities
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How has the insulin delivery devices market size evolved in recent years?
The size of the insulin delivery devices market has seen consistent expansion in the recent past. Rising from $17.71 billion in 2024 to $19.22 billion in 2025, it presents a compound annual growth rate (CAGR) of 8.5%. Reasons underpinning this growth in the historical timeline include the comfort and simplicity provided by insulin delivery devices, positive compensation policies, surging obesity rates, an ageing population, and the growing use of insulin pumps.
What are the predictions for the insulin delivery devices market size in the coming years?
The market for insulin delivery devices is projected to witness robust expansion in the coming years, reaching a valuation of $26.3 billion in 2029, expanding at a compound annual growth rate (CAGR) of 8.2%. The surge during the forecast period can be credited to the increasing frequency of diabetes, rising expenditure on diabetes care, the adoption of continuous glucose monitoring systems, heightened patient awareness about the advantages of automated insulin delivery devices, and a heightened emphasis on healthcare. Key trends during the forecast period will encompass advancements in insulin delivery devices technology, digital technology integration with insulin delivery devices, progress in the creation of artificial pancreas systems, innovations in insulin administration technology, and advancements in bionic technology.
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What key factors are fueling the growth of the insulin delivery devices market?
The surge in diabetes cases is anticipated to fuel the insulin delivery devices market’s expansion in the future. Characterized by heightened blood sugar levels due to insufficient insulin production or the body’s failure to adequately absorb insulin, diabetes is a long-term ailment. The rise in diabetes can be attributed to inactive lifestyles, poor eating habits, and an increase in obesity rates worldwide. Insulin delivery devices are necessary for managing diabetes as they allow people to control their blood sugar levels in a convenient, regulated manner, hence preventing any adverse effects and promoting overall well-being. In line with this, data from the Centers for Disease Control and Prevention in December 2022 suggests that the count of people below 20 years of age with type 2 diabetes in the U.S. could see a staggering 700% increase by 2060, potentially affecting around 220,000 individuals. Simultaneously, type 1 diabetes diagnoses among the youth could surge by up to 65% during the same timeline. Consequently, the escalating number of diabetes cases is catalyzing the growth of the insulin delivery devices market.
How is the global insulin delivery devices market divided into key segments?
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
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Who are the key firms paving the way for growth in the insulin delivery devices market?
Major companies operating in the insulin delivery devices market are Sanofi SA, Abbott Laboratories, F. Hoffmann-La Roche Ltd., Medtronic Plc, Eli Lilly and Company, Novo Nordisk A/S, Becton, Dickinson and Company, EOFlow Co. Ltd., Insulet Corporation, Tandem Diabetes Care Inc., Ypsomed Holding AG, Xeris Pharmaceuticals Inc., Beta Bionics Inc., Zealand Pharma AS, Bigfoot Biomedical Inc., Emperra GmbH, Animas Corporation, Debiotech SA, CeQur Corporation, Aerami Therapeutics Inc., Alshifa Medical Group, AMF Medical SA, Andain Inc., Avecho Biotechnology Ltd., Apex Medical Devices
What are the key trends shaping the future of the insulin delivery devices market?
Leading businesses in the insulin delivery devices marketplace are creating advanced products such as insulin pumps, designed to administer insulin steadily or as necessary. These insulin pumps are interactive medical gadgets that dispense insulin consistently through a catheter implanted beneath the skin. For example, Beta Bionics, a medical tech corporation from the United States, came forward in May 2023 with U.S. Food and Drug Administration approval for its iLet ACE Pump and iLet Dosing Decision Software. The iLet Bionic Pancreas system, intended for people aged six and above who have type 1 diabetes, is a combination of two devices equipped with a fitting FDA-certified integrated continuous glucose monitor (iCGM). This system functions through an automated insulin dosing (AID) mechanism that is controlled by an adjusting closed-loop algorithm which initially uses only the user’s body weight for the setup and removes the necessity for additional insulin dosing specifics. Contrary to traditional pump treatments, this system doesn’t require manual modification of configurations, making it simpler to start and manage. The iLet instrument also features a meal announcement feature that streamlines mealtime insulin dosing by categorizing meals into three sizes: small, medium or large. The system’s algorithm also learns and adjusts to individual insulin needs over time.
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What regions are contributing significantly to the growth of 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.
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