Smart Insulin Pens Market Size- By Product, By Connectivity Type, By Application, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Smart Insulin Pens Market Introduction and Overview
According to SPER market research, Smart Insulin Pens Market Size- By Product, By Connectivity Type, By Application, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Smart Insulin Pens Market is predicted to reach USD 2054.11 Million by 2033 with a CAGR of 10.69%.
Smart insulin pens provide an accessible option for exogenous insulin administration and diabetes treatment. It is a reusable injector pen that works with a simple app on a smartphone which allow for wireless data transfer to the app. This intelligent system keeps track of dosages and generates reports, useful notifications, and half-unit doses that are exact. In addition, it alerts patients whenever insulin is about to expire or reaches its temperature spectrum, allowing them to change the cartridge and provide diabetic information to the medical staff as needed.
There was a decrease in the number of prescriptions for smart insulin pens as a result of fewer patients visiting hospitals and diabetic centers during the COVID 19 pandemic. Additionally, the accessibility of these pens at retail stores was disrupted by problems in the delivery chain, which led to a decrease in sales. The pandemic-related economic slowdown made consumers more cost-conscious, which decreased the market for expensive connected insulin pens.
Scope of the Report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Product, By Connectivity Type, By Application, By Distribution Channel
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered
Bigfoot Biomedical, Diamesco Co. Ltd., Eli Lilly and Company, Emperra GmbH, Jiangsu Deflu Medical Device Co. Ltd., Medtronic plc, Novo Nordisk A/S, Pendiq, Sanofi (Sanofi-Aventis US LLC), Ypsomed Holding AG, and others.
Smart Insulin Pens Market Segmentation
By Product:Based on the Product, Global Smart Insulin Pens Market is segmented as; Smart Insulin Pens, Adaptors for Conventional Pens
By Application:Based on the Application, Global Smart Insulin Pens Market is segmented as; Type 1 Diabetes, Type 2 Diabetes
By Distribution Channel:Based on the Distribution Channel, Global Smart Insulin Pens Market is segmented as; Hospital Pharmacies, Online Sales, Retail Pharmacies, Diabetes Clinics/Centers
- 1.Introduction
- 1.1.Scope of the report
- 1.2.Market segment analysis
- 2.Research Methodology
- 2.1.Research data source
- 2.1.1.Secondary Data
- 2.1.2.Primary Data
- 2.1.3.SPER’s internal database
- 2.1.4.Premium insight from KOL’s
- 2.2.Market size estimation
- 2.2.1.Top-down and Bottom-up approach
- 2.3.Data triangulation
- 3.Executive Summary
- 4.Market Dynamics
- 4.1.Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1.Drivers
- 4.1.2.Restraints
- 4.1.3.Opportunities
- 4.1.4.Challenges
- 4.2.COVID-19 Impacts of the Global Smart Insulin Pens Market
- 5.Market variable and outlook
- 5.1.SWOT Analysis
- 5.1.1.Strengths
- 5.1.2.Weaknesses
- 5.1.3.Opportunities
- 5.1.4.Threats
- 5.2.PESTEL Analysis
- 5.2.1.Political Landscape
- 5.2.2.Economic Landscape
- 5.2.3.Social Landscape
- 5.2.4.Technological Landscape
- 5.2.5.Environmental Landscape
- 5.2.6.Legal Landscape
- 5.3.PORTER’s Five Forces
- 5.3.1.Bargaining power of suppliers
- 5.3.2.Bargaining power of buyers
- 5.3.3.Threat of Substitute
- 5.3.4.Threat of new entrant
- 5.3.5.Competitive rivalry
- 5.4.Heat Map Analysis
- 6.Competitive Landscape
- 6.1.Global Smart Insulin Pens Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Smart Insulin Pens Market
- 7.Global Smart Insulin Pens Market, By Product (USD Million)
- 7.1.Global Smart Insulin Pens Market Value Share and Forecast, By Product, 2024-2033
- 7.2.Smart Insulin Pens
- 7.3.Adaptors for Conventional Pens
- 8.Global Smart Insulin Pens Market, By Connectivity Type (USD Million)
- 8.1.Global Smart Insulin Pens Market Value Share and Forecast, By Connectivity Type, 2024-2033
- 8.2.Bluetooth
- 8.3.USB
- 9.Global Smart Insulin Pens Market, By Application (USD Million)
- 9.1.Global Smart Insulin Pens Market Value Share and Forecast, By Application, 2024-2033
- 9.2.Type 1 Diabetes
- 9.3.Type 2 Diabetes
- 10.Global Smart Insulin Pens Market, By Distribution Channel (USD Million)
- 10.1.Global Smart Insulin Pens Market Value Share and Forecast, By Distribution Channel, 2024-2033
- 10.2.Hospital Pharmacies
- 10.3.Online Sales
- 10.4.Retail Pharmacies
- 10.5.Diabetes Clinics/Centers
- 11.Global Smart Insulin Pens Market Forecast, 2020-2033 (USD Million)
- 11.1.Global Smart Insulin Pens Market Size and Market Share
- 12.Global Smart Insulin Pens Market, By Product Type 2020-2033 (USD Million)
- 12.1.Global Smart Insulin Pens Market Size and Market Share By Product (2020-2026)
- 12.2.Global Smart Insulin Pens Market Size and Market Share By Product (2027-2033)
- 13.Global Smart Insulin Pens Market, By Connectivity Type, 2020-2033 (USD Million)
- 13.1.Global Smart Insulin Pens Market Size and Market Share By Connectivity Type (2020-2026)
- 13.2.Global Smart Insulin Pens Market Size and Market Share By Connectivity Type (2027-2033)
- 14.Global Smart Insulin Pens Market, By Application, 2020-2033 (USD Million)
- 14.1.Global Smart Insulin Pens Market Size and Market Share By Application (2020-2026)
- 14.2.Global Smart Insulin Pens Market Size and Market Share By Application (2027-2033)
- 15.Global Smart Insulin Pens Market, By Distribution Channel, 2020-2033 (USD Million)
- 15.1.Global Smart Insulin Pens Market Size and Market Share By Distribution Channel (2020-2026)
- 15.2.Global Smart Insulin Pens Market Size and Market Share By Distribution Channel (2027-2033)
- 16.Global Smart Insulin Pens Market, By Region, 2020-2033 (USD Million)
- 16.1.Global Smart Insulin Pens Market Size and Market Share By Region (2020-2026)
- 16.2.Global Smart Insulin Pens Market Size and Market Share By Region (2027-2033)
- 16.3.Asia-Pacific
- 16.3.1.Australia
- 16.3.2.China
- 16.3.3.India
- 16.3.4.Japan
- 16.3.5.South Korea
- 16.3.6.Rest of Asia-Pacific
- 16.4.Europe
- 16.4.1.France
- 16.4.2.Germany
- 16.4.3.Italy
- 16.4.4.Spain
- 16.4.5.United Kingdom
- 16.4.6.Rest of Europe
- 16.5.Middle East and Africa
- 16.5.1.Kingdom of Saudi Arabia
- 16.5.2.United Arab Emirates
- 16.5.3.Rest of Middle East & Africa
- 16.6.North America
- 16.6.1.Canada
- 16.6.2.Mexico
- 16.6.3.United States
- 16.7.Latin America
- 16.7.1.Argentina
- 16.7.2.Brazil
- 16.7.3.Rest of Latin America
- 17.Company Profile
- 17.1.Bigfoot Biomedical
- 17.1.1.Company details
- 17.1.2.Financial outlook
- 17.1.3.Product summary
- 17.1.4.Recent developments
- 17.2.Diamesco Co. Ltd.
- 17.2.1.Company details
- 17.2.2.Financial outlook
- 17.2.3.Product summary
- 17.2.4.Recent developments
- 17.3.Eli Lilly and Company
- 17.3.1.Company details
- 17.3.2.Financial outlook
- 17.3.3.Product summary
- 17.3.4.Recent developments
- 17.4.Emperra GmbH
- 17.4.1.Company details
- 17.4.2.Financial outlook
- 17.4.3.Product summary
- 17.4.4.Recent developments
- 17.5.Jiangsu Deflu Medical Device Co. Ltd.
- 17.5.1.Company details
- 17.5.2.Financial outlook
- 17.5.3.Product summary
- 17.5.4.Recent developments
- 17.6.Medtronic plc
- 17.6.1.Company details
- 17.6.2.Financial outlook
- 17.6.3.Product summary
- 17.6.4.Recent developments
- 17.7.Novo Nordisk A/S
- 17.7.1.Company details
- 17.7.2.Financial outlook
- 17.7.3.Product summary
- 17.7.4.Recent developments
- 17.8.Pendiq
- 17.8.1.Company details
- 17.8.2.Financial outlook
- 17.8.3.Product summary
- 17.8.4.Recent developments
- 17.9.Sanofi (Sanofi-Aventis US LLC)
- 17.9.1.Company details
- 17.9.2.Financial outlook
- 17.9.3.Product summary
- 17.9.4.Recent developments
- 17.10.Ypsomed Holding AG
- 17.10.1.Company details
- 17.10.2.Financial outlook
- 17.10.3.Product summary
- 17.10.4.Recent developments
- 17.11.Others
- 18.List of Abbreviations
- 19.Reference Links
- 20.Conclusion
- 21.Research Scope
Research Assistance
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