North America is Dominating Home-Use Insulin Delivery Devices Industry

According to P&S Intelligence, the home-use insulin delivery devices market was valued at $7,276.9 million in 2020, and it will generate $19,087.6 million revenue by 2030.
 
NEW YORK - June 7, 2023 - PRLog -- The global home-use insulin delivery devices market is experiencing growth and is projected to reach USD 19,087.6 million in 2030, As per the report by market research company, P&S Intelligence. This growth can be credited to the growing occurrence of diabetes, the rising elderly populace, technological improvements, and snowballing exposure of the populace to vital risk factors, including a deskbound lifestyle, smoking, and obesity.

In the past few years, the insulin pens category generated the largest revenue share in the market, on the basis of type. This can be credited to the growing frequency of diabetes, mainly in Asia-Pacific nations, and technological growth in insulin delivery pens. Moreover, the medical subsidies offered in developed countries are enhancing market growth.

Furthermore, obesity and insulin confrontation has been measured as independent hazard factors for diabetes; therefore, the increasingly obese populace is contributing to generating the demand for such devices in the continent.

The growing elderly populace is a main factor inspiring the development of the home-use insulin delivery devices industry. As per the report by the World Health Organization, individuals are living longer, which ultimately means the average life expectancy of the populace has amplified.

Furthermore, as per the World Population Ageing report published in 2020, approximately 727 million individuals were aged 65 years or more throughout the globe, and this populace is projected to be 1.5 billion by 2050.

Technological improvements in insulin delivery devices are resulting in their growing adoption. insulin pumps, insulin inhalers, and Insulin pens have several benefits, including precise dosage of insulin, thus supporting in maintaining the standard level of the hormone in the body.

Browse detailed report on Home-Use Insulin Delivery Devices Market Forecast Report 2030 (https://www.psmarketresearch.com/market-analysis/home-use...)

The utilization of insulin pens can be done in a much lower timespan in comparison to syringes with vials. Other benefits of insulin pens are better patient suitability and minimum risk of imprecise dosage.

Hence, the growing occurrence of diabetes, the rising elderly populace, technological improvements, and snowballing exposure of the populace to vital risk factors, including a deskbound lifestyle, smoking, and obesity are the major factors contributing to the growth of the home-use insulin delivery devices industry.

Contact
Vijay Kumar
***@psmarketresearch.com
End
Source: » Follow
Email:***@psmarketresearch.com
Posted By:***@psmarketresearch.com Email Verified
Tags:Home-Use Insulin Delivery
Industry:Business
Location:New York City - New York - United States
Subject:Reports
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
P&S Intelligence PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share