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(Medical-NewsWire.com, October 09, 2018 ) Rising diabetic population and advancements in insulin delivery technologies are the factors fueling the market. Also, increasing adoption of smartphones which has made treatment easy is other major factor fueling the market. However, high cost of pens compared to injections and availability of alternative treatments may hamper the market growth. North America accounted for the largest share followed by Europe owing to growing aging population, increased funding for patients by health insurance companies and technological advancements.
Some of the key players in Global Smart Insulin Pens market include Vigihealth, Novo Nordisk A/S, Eli Lilly And Company, Jiangsu Delfu Medical Device Co.,Ltd, Emperra Gmbh and Digital Medics Ptd Ltd.
Smart insulin pens offer several benefits as compared to other insulin delivery devices such as it is easier to use than syringe and being portable in nature, can be easily used outside home. In addition, the pen allows to dial the dose accurately, which helps the people with vision problems to administer insulin easily.
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Smart insulin pens are used for external insulin delivery thus offering an easy to carry solution to diabetes management. The demand for the insulin pens has increased considerably in the recent years owing to the increase in incidence of diabetic patients coupled with their cost-effective nature as compared to insulin pumps. In addition, their simple functioning and accuracy related to insulin dosing further stimulates their demand. However, there are certain disadvantages associated with the use of insulin pen such as two types of insulin cannot be mixed in an insulin pen, thus increasing the frequency of injections needed. This in turn impedes the market growth.
The global smart insulin pens market is segmented on the basis of type, usability, end user, and region. Based on type, the market is classified into first generation and second generation insulin pens. The second generation insulin pens are further bifurcated into Bluetooth-enabled and USB connected insulin pens. By usability, it is segmented into pre-filled and reusable insulin pumps. According to the end user, the market is classified into hospitals & clinics, ambulatory surgical centers, and home care settings. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Fundamentals of Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Smart Insulin Pens Market Size
2.2 Smart Insulin Pens Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Smart Insulin Pens Market Size by Manufacturers
3.2 Smart Insulin Pens Key Players Head office and Area Served
3.3 Key Players Smart Insulin Pens Product/Solution/Service
3.4 Date of Enter into Smart Insulin Pens Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Smart Insulin Pens Sales by Product
4.2 Global Smart Insulin Pens Revenue by Product
4.3 Smart Insulin Pens Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Smart Insulin Pens Breakdown Data by End User
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Source: EmailWire.Com 
Source: EmailWire.com
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