The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

As per The Business Research Company’s Smart Insulin Pens Global Market Report 2023, The global smart insulin pens market is expected to grow from $0.09 billion in 2022 to $0.10 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The global smart insulin pens market size is expected to grow to $0.12 billion in 2027 at a CAGR of 6.2%.

What was the major driver in the smart insulin pens market?
An accurate dose of insulin can be achieved than a vial or a syringe with an insulin pen. For kids who need to take insulin during school time and visually impaired diabetic patients, an accurate dose of insulin can even be pre-set over the dosage dial which helps inaccurate delivery of dose at the time of injection. Echo Plus by Novo Nordisk which is a pediatric-friendly insulin pen allows even half-unit dosing with a maximum of 30 units. HumaPen Luxura HD from Lilly allows the delivery of insulin in half-unit increments and NovoPen Junior – Insulin Pen by Novo Nordisk can deliver highly accurate doses of insulin and finely adjusts small doses even half-unit increments. The accurate adjustments and delivery of doses of insulin can avoid either over-dosing or low-dosing of the drug which is expected to increase in demand for smart insulin pens and drive the smart insulin pens market growth.

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What was the key trend in the smart insulin pens market?
The next generation of smart insulin pens goes far beyond memory storage. They help in calculating personalized doses, track glucose continuously, and connect with apps of smartphones to visualize the data. In September 2020, Medtronic plc introduced InPen™ that is integrated with Guardian Connect™ CGM data to manage their diabetes. It is the only FDA_cleared smart insulin pen for people on multiple daily injections. This enhances the ease of usage of smart insulin pens which is expected to boost the market.

Which was the largest region in the smart insulin pens market?
North America was the largest region in the smart insulin pens market in 2022. Western Europe was the second largest region in the global smart insulin pens market share. The regions covered in the global smart insulin pens market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Who are the smart insulin pens market prominent players?
Major players in the smart insulin pens market are Companion Medical, Eli Lilly and Company, Novo Nordisk A/S, Diamesco Co. Ltd., Emperra GmbH E-Health Technologies, Digital Medics Pvt Ltd., F. Hoffmann-La Roche AG, Insulet Corporation, Jiangsu Delfu medical device Co. Ltd., and Bigfoot Biomedical.

Key smart insulin pens market segments
The global smart insulin pens market is segmented –
1) By Type: First Generation Pens, Second Generation Pens (Bluetooth Enabled, USB Connected)
2) By End User: Hospitals & Clinics, Ambulatory Surgical Centres, Home Care Settings
3) By Usability: Prefilled, Reusable
4) By Application: Type 1 Diabetes, Type 2 Diabetes

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The Smart Insulin Pens Global Market Report 2023  provides a comprehensive overview on the smart insulin pens market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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