Smart insulin pens are a type of insulin delivery device that allow people with diabetes to dose their insulin more accurately and conveniently. They are designed to look and feel like a regular pen and are equipped with a digital display, allowing users to precisely measure the amount of insulin they’re taking. Smart insulin pens also feature built-in memory that records the times and amounts of insulin doses taken and can be synced with other digital healthcare devices.
This growth can be attributed to factors such as rising prevalence of diabetes, increasing awareness about diabetes self-management, and technological advancements in these devices. Additionally, increased investments by pharmaceutical companies in research and development of smart insulin pens is also expected to drive the market growth.
The global Smart Insulin Pens market was valued at US$ 12 million in 2022 and is anticipated to reach US$ 22 million by 2029, witnessing a CAGR of 8.6% during the forecast period 2023-2029. The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Smart Insulin Pens Market available at: https://www.themarketreports.com/report/global-smart-insulin-pens-market-research-report
This report aims to provide a comprehensive presentation of the global market for Smart Insulin Pens, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Insulin Pens.
The global smart insulin pens market is dominated by few players from Europe and North America, key players include Emperra, Patients Pending, Roche, Diamesco, Companion Medical and Common Sensing, global top two players hold a share over 50%.
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