Smart Insulin Pen Market Introduction

The global smart insulin pen market is expected to surpass $115 million by 2026 end and speculated to register CAGR of 10.2% during the forecast period from 2019 to 2026.

Smart insulin pen is a device used to deliver insulin through smart technologies for the management of diabetes. Smart insulin pen is bluetooth enabled and can be connected to smart devices through dedicated mobile apps. These devices can transmit real time data regarding insulin dose and administration time through bluetooth. Smart insulin pens are used to improve the efficacy and accuracy of insulin based diabetes management with high patient compliance. Smart insulin pens can also make dosage recommendation of insulin with timely reminders


Smart Insulin Pen Market Overview

The increasing prevalence of diabetes is expected to fuel the growth of smart insulin pen market. Prevalence is further supported by increasing risk factors like poor adherence to insulin management and dosage errors led to the creation of potential opportunity for smart insulin pen manufacturers. Smart insulin pens increase patient adherence to treatment plan and improve  diabetes management. These advantages of smart insulin pens over traditional methods have increased the penetration among the diabetic population. Along with these, increasing focus of manufacturers on the development of smart insulin pens has boosted the investments in R&D. Further, new product launches were expected during the forecast period due to increasing research activities. Additionally, increasing awareness and changing the life style of the diabetic population has created potential opportunities for smart insulin pen manufacturers. 

Asia Pacific region represented as the most lucrative market for smart Insulin Pen manufacturers due to high prevalence. North America and Europe smart insulin pen markets account major share in the global market due to high adoption among end users. Latin America and Rest of the world represents a small fraction in the global smart insulin pen market due to less penetration and expected to register significant CAGR during the forecast period

Smart Insulin pen manufacturers include Novo Nordisk, Companion Medical, Dexcom, Abbott Diabetes Care, Sanofi S.A., Eli Lilly and Company and others.


                                      Smart Insulin Pens Market

Report Structure:  

Global Smart Insulin Pen Market, by Product Type:  

  • Bluetooth-enabled Smart Insulin Pen  
  • USB Connected Smart Insulin Pen 


Global Smart Insulin Pen Market, by Indication Type: 

  • Type I Diabetes  
  • Type II Diabetes 


Global Smart Insulin Pen Market, by Sales Channel: 

  • Retail Pharmacies  
  • e-Commerce  
  • Hospital  
  • Clinics 

Global Smart Insulin Pen Market, by Region:  

  • Europe  
  • North America  
  • APAC  
  • Latin America 
  • Rest of World
Competitive Landscape:  
  • Tier 1 players- established companies in the market with major market share  
  • Tier 2 players 
  • Emerging players which are growing rapidly 
  • New Entrants   

 FutureWise Takeaways  

  • Growth prospects  
  • SWOT analysis 
  • Key trends 
  • Key datapoints affecting market growth  


Objectives of the Study: 

  • To provide with an exhaustive analysis on the global smart insulin pen market on the basis of product type, indication type, sales channel and region   
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 
  • To evaluate and forecast micro-markets and overall market  
  • To predict market size, in regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East 
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions 
  • Profiling of companies to evaluate their market shares, strategies, financials and core competencies


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What you get

  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included

  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics