“Needle
Free Insulin Devices Market: Global Historical Growth (2012-2016) & Future
Outlook (2017-2024) Demand Analysis & Opportunity Evaluation”
The global needle free insulin
devices market is segmented into product type such as fillable and prefilled.
Among these segments, fillable segment is expected to witness significant
demand during the forecast period. Increasing number of diabetic patients and
those patients who are not physically able to visit hospital regularly are adopting
needle free insulin device at remarkable pace. Further, growing adoption of
needle free insulin device amongst the diabetic and disabled patients is
envisioned to drive the growth of global needle free insulin device market over
the forecast period.
Global needle free insulin
devices market is expected to register a robust CAGR over the forecast period.
Moreover, the global needle free insulin devices market is expected to reach at
notable revenue by the end of 2024. Various features of needle free insulin
devices such as faster absorption & action of insulin, portable, reusable,
virtually pain free and no risk of needle stick injuries are major factors
which are expected to escalate the growth of global needle free insulin devices
market.
Furthermore, the homecare
segment by end user is likely to grow at remarkable pace during the forecast
period. A number of factors such as increasing number of people who have
diabetes, high blood sugar and rising prevalence of chronic diseases in old
people across the globe are major factors which are augmenting the demand for
needle free insulin devices across the globe.
Increasing number of patients who have diabetes and
high blood sugar
More than 220 Million people diagnosed by diabetes
across the globe. Increasing geriatric population across the globe and growing
prevalence of chronic diseases amongst the old people are major concerns in the
healthcare industry. Moreover, unhealthy lifestyle of consumers coupled with increasing
number of people suffering from diabetes and high blood sugar is a key factor
which is envisioned to fuel the demand for needle free insulin devices during
the forecast period.
Technological
advancements in healthcare sector
Rapid technological
advancements in healthcare sector and growing number of diabetic patients are
driving the growth of market. Moreover, increasing number of people who are new
to diabetes problem and those who have needle phobia and growing number of
children suffering from diabetes and high blood sugar problems are anticipated
to bolster the growth of global needle free insulin device market.
However, high cost of needle
free insulin devices and chances for side-effect are some of the factors that
are likely to inhibit the growth of the needle free insulin devices market in
the near future.
The
report titled “Needle
Free Insulin Devices Market: Global Historical Growth (2012-2016) & Future
Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of
the global needle free insulin devices market in terms of market segmentation
by component, by product type, by end-user type and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
This report also provides the
existing competitive scenario of some of the key players of the global needle
free insulin devices market which includes company profiling of PharmaJet, Injex Pharma AG, European Pharma Group
(InsuJet), ASTS Enterprises Pty Ltd. Key potential companies that
may enter into the manufacturing of needle free insulin devices are: Antares
Pharma Inc., Endo International PLC, Bioject Medical Technologies Inc., Medical
International Technology Inc., National Medical Products Inc. The profiling
enfolds key information of the companies which encompasses business overview,
products and services, key financials and recent news and developments. On the
whole, the report depicts detailed overview of the global needle free insulin
devices market that will help industry consultants, equipment manufacturers,
existing players searching for expansion opportunities, new players searching
possibilities and other stakeholders to align their market centric strategies
according to the ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
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strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
To know more information: https://www.medgadget.com/2017/11/rising-prevalence-of-diabetes-high-blood-sugar-and-increasing-geriatric-population-are-likely-to-strengthen-the-growth-of-needle-free-insulin-devices-market-over-the-forecast-period-2017-2024-a.html
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