Insulin Pens, Syringes, Pumps And Injectors Market 2025-2034: Key Highlights, Growth Dynamics, and Emerging Trends
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Insulin Pens, Syringes, Pumps And Injectors Market?
The rise in diabetes prevalence worldwide is driving the growth of the insulin pens, syringes, pumps, and injectors market. The growing number of people with obesity, unhealthy diets, lack of exercise, and aging populations are major contributors. For instance, in 2021, the International Diabetes Federation estimated that 537 million adults worldwide had diabetes, a number expected to rise to 783 million by 2045. This increasing prevalence of diabetes is boosting the demand for insulin delivery devices, spurring growth in the market.
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How Has the Insulin Pens, Syringes, Pumps And Injectors Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
The insulin pens, syringes, pumps, and injectors market has grown rapidly in recent years. It will grow from $21.6 billion in 2024 to $24.26 billion in 2025, at a compound annual growth rate (CAGR) of 12.3%. This growth is attributed to urbanization and infrastructure development, electrification of rural areas, industrialization, and renewable energy integration.
The insulin pens, syringes, pumps, and injectors market is expected to grow rapidly, reaching $37.86 billion by 2029 at a CAGR of 11.8%. Growth is attributed to energy transition, electrification of transportation, smart grids and IoT integration, 5G expansion, and aging infrastructure replacement. Trends include high-voltage direct current (HVDC) cables, fire-resistant insulation, fiber optic integration, environmentally friendly materials, and customization and specialization.
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Which Upcoming Market Trends and Innovations Are Set to Influence theInsulin Pens, Syringes, Pumps And Injectors Market’s Path Forward?
In the insulin pens, syringes, pumps, and injectors market, companies are focusing on advancing insulin delivery systems for better, safer management of diabetes. For example, Insulet Corporation launched the Omnipod 5 system in June 2024, a tubeless automated insulin delivery system for type 1 diabetes patients aged two and older. The system integrates with Dexcom G6 and Abbott FreeStyle Libre 2 Plus continuous glucose monitors for improved diabetes management.
Who Are the Leading Market Players Fueling Growth in the Insulin Pens, Syringes, Pumps And Injectors Market Trend?
Major companies operating in the insulin pens, syringes, pumps and injectors market include Novo Nordisk A/S, Eli Lilly and Company, Medtronic plc, Abbott Laboratories, Insulet Corporation, Sanofi Aventis, F. Hoffmann-La Roche Ltd, Becton Dickinson and Company, Animas Corporation, Ypsomed Holding AG, Dickinson and Company, Valeritas Inc., MannKind Corporation, Tandem Diabetes Care Inc., Biocon Ltd., B. Braun Melsungen AG, Terumo Corporation, Teleflex Incorporated, Nipro Corporation, Smiths Medical Inc., Owen Mumford, UltiMed Inc., Ypsomed Holding, Ascensia Diabetes Care, Trividia Health, ARKRAY Inc., AgaMatrix Inc., Medline Industries LP, Gerresheimer AG, West Pharmaceutical Services Inc., SHL Medical AG, Zhejiang POCTech Medical Co.Ltd., Jiangsu Wanhai Medical Instruments Co. Ltd.
How is the Global Insulin Pens, Syringes, Pumps And Injectors Market Segemented?
The insulin pens, syringes, pumps and injectors market covered in this report is segmented –
1) By Type: Pens, Injectors And Pumps, Syringes
2) By Pens: Reusable, Disposable
3) By Pumps: Tubed Pumps, Tubeless Pumps
4) By End Users: Hospitals, Homecare, Other End Users
Subsegments:
1) By Pens: Disposable Insulin Pens, Reusable Insulin Pens
2) By Injectors And Pumps: Insulin Injectors, Insulin Pumps, Traditional Insulin Pumps, Patch Insulin Pumps
3) By Syringes: Disposable Syringes, Reusable Syringes
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Which Geographics are Influencing the Growth of the Insulin Pens, Syringes, Pumps And Injectors Market?
North America was the largest region in the global insulin pens, syringes, pumps, and injectors devices and equipment market in 2023. Asia-Pacific was the second-largest region in insulin pens, syringes, pumps, and injectors devices and equipment market. The regions covered in the insulin pens, syringes, pumps and injectors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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