Next Generation Diabetes Therapy and Drug Delivery Market by Product Type (Inhalable Insulin, Oral Insulin, Insulin Patches, CGM Systems, Artificial Pancreas), Demographic (Adult Population (>14 Years), Child Population (14 Years)), Indication (Type 1 dia

Next Generation Diabetes Therapy and Drug Delivery Market by Product Type (Inhalable Insulin, Oral Insulin, Insulin Patches, CGM Systems, Artificial Pancreas), Demographic (Adult Population (>14 Years), Child Population (14 Years)), Indication (Type 1 diabetes, Type 2 diabetes), End User (Diagnostic/Clinics, Intensive Care Units (ICUs), Home Healthcare), and Region 2023-2028

Market Overview:

The global next generation diabetes therapy and drug delivery market size reached US$ 8.41 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.14 Billion by 2028, exhibiting a growth rate (CAGR) of 16.30% during 2023-2028. The rising prevalence of diabetes, particularly type-2 diabetes, continual technological advancements, and the growing geriatric population represent some of the key factors driving the market.

Next generation diabetes therapy and drug delivery procedure focuses on the introduction of insulin into the patient’s body in a minimally invasive manner to reduce the risk of skin irritation from frequent needle usage. This patient-friendly approach aims to effectively manage the disease while reducing healthcare costs by utilizing innovative technologies including wearable sensors, micro-needles, and inhalable insulin. Advanced therapies, such as continuous glucose monitoring systems (CGMS), artificial pancreas, and insulin patches, are also employed to improve blood sugar level management that minimize the risks of diabetic-related complications. In addition, the procedure facilitates easy calculation of the dose volume, checking the blood glucose levels in real-time, and delivers insulin into the body painlessly, which, in turn, helps to maintain the dosage time. Some of the advantages of this therapy and drug delivery practice includes improved patient outcomes, enhanced treatment efficiency, and minimized burden of diabetes management for patients, leading to more targeted treatment plans.

Next Generation Diabetes Therapy and Drug Delivery Market Trends:

The global market is primarily driven by the rising prevalence of diabetes, particularly type-2 diabetes, among the masses. This can be attributed to the increasing consumption of unhealthy diets, sedentary lifestyles and reduced physical activity. In line with this, the augmenting demand for personalized and patient-centric care according to individual needs, lifestyle, and treatment goals is resulting in a higher product uptake. Moreover, continual technological advancements, such as the development of smart insulin pens, closed-loop systems, and implantable devices with fewer side effects, is providing an impetus to the market. In addition to this, the increasing emphasis on minimally invasive and pain-free treatment options among individuals is also acting as a significant growth-inducing factor for the market. The market is further driven by the increasing healthcare expenditure, along with an enhanced focus on value-based medical care solutions.  However, the growing cost restrains, lack of awareness and less variability in products in the developing regions are acting as major growth-restraining factors for the market. Conversely, the implementation of favorable government initiatives and reimbursement policies regarding preventive healthcare and early intervention is creating a positive outlook for the market. Apart from this, the growing geriatric population that is more susceptible to developing chronic diseases is impacting the market favorably. Some of the other factors contributing to the market include rapid urbanization, increasing awareness regarding the associated complications of traditional diabetes treatment, rising adoption of telehealth and digital health solutions, inflating disposable income levels and extensive research and development (R&D) activities conducted by key players.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global next generation diabetes therapy and drug delivery market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on product type, demographic, indication, and end user. 

Product Type Insights:

Inhalable Insulin
Oral Insulin
Insulin Patches
CGM Systems
Artificial Pancreas

The report has provided a detailed breakup and analysis of the global next generation diabetes therapy and drug delivery market based on the product type. This includes inhalable insulin, oral insulin, insulin patches, CGM systems, and artificial pancreas. According to the report, CGM systems represented the largest segment.

Demographic Insights:

Adult Population (>14 Years)
Child Population (14 Years)

The report has provided a detailed breakup and analysis of the global next generation diabetes therapy and drug delivery market based on the demographic. This includes adult population (>14 years) and child population (14 years). According to the report, adult population (>14 years) represented the largest segment.

Indication Insights:

Type 1 diabetes
Type 2 diabetes

The report has provided a detailed breakup and analysis of the global next generation diabetes therapy and drug delivery market based on the indication. This includes type 1 diabetes, type 2 diabetes. According to the report, type 2 diabetes represented the largest segment.

End User Insights:

Diagnostic/Clinics
Intensive Care Units (ICUs)
Home Healthcare

A detailed breakup and analysis of the global next generation diabetes therapy and drug delivery market based on the end user has also been provided in the report. This includes diagnostic/clinics, intensive care units (ICUs), and home healthcare. According to the report, diagnostic/clinics accounted for the largest market share.

Regional Insights:

North America 

United States 
Canada 

Asia Pacific 

China 
Japan 
India 
South Korea 
Australia 
Indonesia 
Others 

Europe 

Germany 
France 
United Kingdom 
Italy 
Spain
Russia
Others 

Latin America 

Brazil 
Mexico 
Others 

Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for next generation diabetes therapy and drug delivery. Some of the factors driving the North America next generation diabetes therapy and drug delivery market included the aging population, continual technological advancements, high healthcare expenditure, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global next generation diabetes therapy and drug delivery market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Abbott Laboratories, Dexcom Inc., Eli Lilly and Company, Enteris BioPharma Inc. (Swk Holdings Corporation), GlySens Incorporated, MannKind Corporation, Medtronic plc, Sanofi, Senseonics, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report. 

Key Questions Answered in This Report:

How has the global next generation diabetes therapy and drug delivery market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global next generation diabetes therapy and drug delivery market?
What is the impact of each driver, restraint, and opportunity on the global next generation diabetes therapy and drug delivery market?
What are the key regional markets?
Which countries represent the most attractive global next generation diabetes therapy and drug delivery market?
What is the breakup of the market based on the product type? 
Which is the most attractive product type in the global next generation diabetes therapy and drug delivery market? 
What is the breakup of the market based on the demographic? 
Which is the most attractive demographic in the global next generation diabetes therapy and drug delivery market?
What is the breakup of the market based on the indication?
Which is the most attractive indication in the global next generation diabetes therapy and drug delivery market?
What is the breakup of the market based on the end user?
Which is the most attractive end user in the global next generation diabetes therapy and drug delivery market? 
What is the competitive structure of the global next generation diabetes therapy and drug delivery market?
Who are the key players/companies in the global next generation diabetes therapy and drug delivery market?