Smart Insulin Pens Market: Global Industry Analysis and
Opportunity Assessment 2017-2027
May 2017
Report Id : REP-GB-1827
Status : April-2017
Category : Healthcare, Pharmaceuticals & Medical Devices
©2015 Future Market Insights, All Rights Reserved
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Research Methodology (1/2)
Systematic Research Approach
1
Market profiling
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Formulating discussion guide
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Developing list of respondents
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In-depth secondary research is used to
ascertain overall market size, top
industry players, top products, industry
associations, etc.
PMR formulates a detailed discussion
guide to conduct expert and industry
interviews
PMR develops a list of industry players
(manufacturers), distributors, retailers
and industry experts
Data collection
PMR conducts interviews with industry
experts, industry players, distributors
and retailers
Data validation
Data is validated by triangulation
method, wherein secondary, primary
and PMR analysis contribute to the final
data
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Data analysis
Insights
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Data is scrutinized using MS-Excel to
obtain qualitative and quantitative
insights about the industry
PMR delivers industry insights and
information in the required format
(PDF)
Data
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Intelligence
Data Filter
& Analysis
Identifying key opinion leaders
Questionnaire design
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Coverage across value chain
Actionable
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SOLUTION
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Market participants
Key strengths
Product portfolio
Mapping as per value chain
Key focus segments
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Linkedin
Zoominfo
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Desk
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Key industry experts
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Company websites
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Paid Publications#
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Factiva
GBI
Genios
Meltwater
# includes sources of databases
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Smart Insulin Pens Market
Global Market for Smart Insulin Pens Poised to Expand at 17.9% CAGR during 2017-2027
Increasing pool of diabetic patients witnessed across the globe has prompted leading manufacturers of
medical devices towards development of ground-breaking products. Smart insulin pens are among such
devices that have revolutionised the global market for diabetic injection pens. A recent study published by
Future Market Insights projects that the global smart insulin pens market, which is currently valued at US$
0.86 Mn, will expand vigorously at 17.9% CAGR through the end of 2027. During this ten-year forecast
period, the global demand for smart insulin pens is estimated to surge rapidly as medical device
manufacturers will be actively adopting advanced technologies that deliver cutting-edge devices.
While the parent market – global diabetic injection pens market – is presently worth US$ 4.9 Bn,
contribution of revenues arising from global sales of smart insulin pens will remain minimal. Nevertheless,
the global smart insulin pens market will bring in more than US$ 4 Mn revenues by the end of 2027. The
report, titled “Smart Insulin Pens Market: Global Industry Analysis and Opportunity Assessment, 20172027,” also reveals that Europe will emerge as a dominant region for growth of global smart insulin pens
market. Sales of smart insulin pens across European countries are anticipated to bring in over US$ 2.4 Mn by
end of 2027. Meanwhile, awareness regarding smart insulin pens is expected to rise robustly across the US
and Canada. North America’s smart insulin pens market is, thus, estimated to register revenue growth at a
staggering 26.7% CAGR. Through 2027, sales of smart insulin pens across Asia-Pacific region are also
projected to gain traction, bringing in a little over US$ 1.2 Mn in revenues.
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Smart Insulin Pens Market
Key Trends Driving the Demand for Smart Insulin Pens
A crucial factor fuelling the global sales of smart insulin pens is higher dependency of patients & medical
professionals on data obtained from clinical trials. Conventional devices are unable to offer facilities that are
provided through smart insulin pens. The demand for smart insulin pens is also driven by preference of
health insurers towards outcome-based compensation models. Moreover, medical device manufacturers are
looking at profitable opportunities arising from rising adoption of medical management processes,
increasing development of insulin adherence programs, and higher demand for patient-centric devices. It
has been estimated that during the forecast period, the global market for smart insulin pens will witness
active participation from three medical device manufacturers – Companion Medical Inc., Emperra GmbH EHealth Technologies and Digital Medics Pty Ltd.
The report further reveals that a majority of smart insulin pens sold across the world will be purchased for
treatment of type II diabetes. The demand for smart insulin pens among type I diabetics is expected to
remain considerably lower, procuring global revenues of just over US$ 700,000. Connectivity of smart insulin
pens is also observed as a key aspect impacting the market’s growth. And, the report projects the global
smart insulin pens market to remain equally split between Bluetooth and USB-connected pens through the
end of 2027. The report also expects clinics and ambulatory surgical centres (ASCs) based across the globe as
the largest distribution channels for smart insulin pens. In 2017, close to 88% of global smart insulin pens
revenues are likely to be accounted by clinics and ASCs.
©2015 Future Market Insights, All Rights Reserved
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Smart Insulin Pens Market
On the other hand, proliferation of online commercial platforms will also play a key role in distribution of
smart insulin pens. Throughout the forecast period, e-Commerce distribution channels are expected to
exhibit revenue growth at more than 24% CAGR.
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Table of Content
1. Executive Summary
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
2.3. Parent Market Evolution
3. Global Dengue Vaccine Market Analysis Scenario
3.1. Market Size (US$ Mn) and Forecast
3.1.1. Market Size and Y-o-Y Growth
3.2. Market Overview
3.2.1. Product Overview
3.2.2. Architecture of Smart Connected Insulin Pens
4. Market Dynamics
4.1. Macro-economic Factors
4.2. Drivers
4.2.1. Supply Side
4.2.2. Demand Side
4.3. Restraints
4.4. Opportunity
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Table of Content
4.5. Forecast Factors – Relevance and Impact
4.6.Disease Epidemiology
5. Global Smart Insulin Pens Market Analysis and Forecasts, By Indication
5.1. Introduction
5.2. Basis Point Share (BPS) Analysis By End User
5.3. Y-o-Y Growth Projections By End User
5.4. Market Value Forecast By End User, 2017–2027
5.4.1. Type 1 Diabetes
5.4.2. Type 2 Diabetes
5.5. Prominent Trends
5.6. Market Attractiveness By Indication
6. Global Smart Insulin Pens Market Analysis and Forecasts, By Connectivity
6.1. Introduction
6.2. Basis Point Share (BPS) Analysis By Connectivity
6.3. Y-o-Y Growth Projections By Connectivity
6.4. Market Value Forecast By Modality, 2017–2027
6.4.1. Bluetooth Connected Smart Insulin Pen
6.4.2. USB Connected Smart Insulin Pen
6.5. Prominent Trends
©2015 Future Market Insights, All Rights Reserved
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Table of Content
7. Global Smart Insulin Pens Market Analysis and Forecasts, By Distribution Channel
7.1. Introduction
7.2. Basis Point Share (BPS) Analysis By Distribution Channel
7.3. Y-o-Y Growth Projections By Distribution Channel
7.4. Market Value Forecast By Distribution Channel, 2017–2027
7.4.1. Clinics and Ambulatory Surgical Centers
7.4.2. e-Commerce
7.4.3. Retail Pharmacies
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7.5. Prominent Trends
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7.6. Market Attractiveness By Distribution Channel
8. Global Smart Insulin Pens Market Analysis and Forecasts, By Region
8.1. Basis Point Share (BPS) Analysis By Region
8.2. Y-o-Y Growth Projections By Region
8.3. Market Value Forecast By Region
8.3.1. North America
8.3.2. Europe
8.3.3. Asia Pacific
8.3.4. Rest of The World
8.4. Market Attractiveness By Region
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