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Global Smart Insulin Pens & Pumps Market (2022-2027) by Products, End-Users, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 202 Pages
  • August 2022
  • Region: Global
  • Infogence Global Research
  • ID: 5669404

Inreasing Digiytalization and ongoing advancement in Smart Apps are driving the Insulin Pen and Pump Usage

The Global Smart Insulin Pens & Pumps Market is estimated to be USD 248.12 Mn in 2022 and is expected to reach USD 478.15 Mn by 2027, growing at a CAGR of 14.02%

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing risks.

Market Segmentations

The Global Smart Insulin Pens & Pumps Market is segmented based on Products, End-Users, and Geography.
  • By Products, the market is classified into Smart Insulin Pens, and Smart Insulin Pumps.
  • By End-Users, the market is classified into Homecare, Hospitals and Clinics, and Laboratories.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Abbott Laboratories, B. Braun Melsungen AG, Becton, Dickinson and Company, Biocon Ltd., DDM Health Ltd, Digital Medics Pty Ltd., Eli Lilly and Company, Emperra Gmbh E-Health technologies, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Smart Insulin Pens & Pumps Market. Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Smart Insulin Pens & Pumps Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Smart Insulin Pens & Pumps Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Smart Insulin Pens & Pumps Market

What is the estimated value of the Global Smart Insulin Pens & Pumps Market?

The Global Smart Insulin Pens & Pumps Market was estimated to be valued at $248.12 Million in 2022.

What is the growth rate of the Global Smart Insulin Pens & Pumps Market?

The growth rate of the Global Smart Insulin Pens & Pumps Market is 14.0%, with an estimated value of $478.15 Million by 2027.

What is the forecasted size of the Global Smart Insulin Pens & Pumps Market?

The Global Smart Insulin Pens & Pumps Market is estimated to be worth $478.15 Million by 2027.

Who are the key companies in the Global Smart Insulin Pens & Pumps Market?

Key companies in the Global Smart Insulin Pens & Pumps Market include Abbott Laboratories, B. Braun Melsungen Ag, Becton, Dickinson and Company, Biocon, Ltd., DDM Health, Ltd, Digital Medics Pty Ltd., Eli Lilly and Company, Emperra Gmbh E, Health Technologies and F. Hoffmann.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 IGR Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Awareness of Diabetic Management Tools
4.1.2 Potential Demand for Convenient Patient Products
4.1.3 Rapid Adoption of Smart Insulin Devices Coupled with Technology Advancements
4.2 Restraints
4.2.1 Capital-Intensive Smart Insulin Devices
4.3 Opportunities
4.3.1 Increasing Preference for Homecare Settings among Geriatric Populace Due to the Device Portability
4.3.2 Emerging Products with Customization of Devices to Achieve Personal Goals for Diabetic Management
4.4 Challenges
4.4.1 Lengthy and Strict Product Approval Process and Product Recall
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
5.5 PESTLE Analysis
6 Global Smart Insulin Pens & Pumps Market, By Products
6.1 Introduction
6.2 Smart Insulin Pens
6.2.1 Companion Medical (Inpen)
6.2.2 Emperra Gmbh (ESYSTA Pen)
6.2.3 Novo Nordisk (Novo6 and Novo Echo)
6.2.4 Pendiq Intelligent Diabetes Care (Pendiq 2.0)
6.3 Smart Insulin Pumps
6.3.1 Accuchek (Combo and Insight)
6.3.2 Minimed (630G and 670G,)
6.3.3 My Life Omnipod
6.3.4 Omnipod
6.3.5 Tandem (T:slim X2, and G4)
7 Global Smart Insulin Pens & Pumps Market, By End-Users
7.1 Introduction
7.2 Homecare
7.3 Hospitals and Clinics
7.4 Laboratories
8 Americas’ Smart Insulin Pens & Pumps Market
8.1 Introduction
8.2 Argentina
8.3 Brazil
8.4 Canada
8.5 Chile
8.6 Colombia
8.7 Mexico
8.8 Peru
8.9 United States
8.10 Rest of Americas
9 Europe’s Smart Insulin Pens & Pumps Market
9.1 Introduction
9.2 Austria
9.3 Belgium
9.4 Denmark
9.5 Finland
9.6 France
9.7 Germany
9.8 Italy
9.9 Netherlands
9.10 Norway
9.11 Poland
9.12 Russia
9.13 Spain
9.14 Sweden
9.15 Switzerland
9.16 United Kingdom
9.17 Rest of Europe
10 Middle East and Africa’s Smart Insulin Pens & Pumps Market
10.1 Introduction
10.2 Egypt
10.3 Israel
10.4 Qatar
10.5 Saudi Arabia
10.6 South Africa
10.7 United Arab Emirates
10.8 Rest of MEA
11 APAC’s Smart Insulin Pens & Pumps Market
11.1 Introduction
11.2 Australia
11.3 Bangladesh
11.4 China
11.5 India
11.6 Indonesia
11.7 Japan
11.8 Malaysia
11.9 Philippines
11.10 Singapore
11.11 South Korea
11.12 Sri Lanka
11.13 Thailand
11.14 Taiwan
11.15 Rest of Asia-Pacific
12 Competitive Landscape
12.1 IGR Competitive Quadrant
12.2 Market Share Analysis
12.3 Strategic Initiatives
12.3.1 M&A and Investments
12.3.2 Partnerships and Collaborations
12.3.3 Product Developments and Improvements
13 Company Profiles
13.1 Abbott Laboratories
13.2 B. Braun Melsungen Ag
13.3 Becton, Dickinson and Company
13.4 Biocon, Ltd.
13.5 DDM Health, Ltd
13.6 Digital Medics Pty Ltd.
13.7 Eli Lilly and Company
13.8 Emperra Gmbh E-Health Technologies
13.9 F. Hoffmann-La Roche, Ltd.
13.10 Insulet Corp.
13.11 Jingasu Delfu medical device Co., Ltd
13.12 Johnson & Johnson Services, Inc
13.13 MannKind Corp.
13.14 Medtronic, PLC
13.15 Novo Nordisk A/S
13.16 Pendiq Intelligent Diabetes Care
13.17 Sanofi S.A.
13.18 SOOIL Development Co., Ltd.
13.19 Tandem Diabetes Care, Inc.
13.20 Ypsomed Holding
14 Appendix
14.1 Questionnaire

Companies Mentioned

  • Abbott Laboratories
  • B. Braun Melsungen Ag
  • Becton, Dickinson and Company
  • Biocon, Ltd.
  • DDM Health, Ltd
  • Digital Medics Pty Ltd.
  • Eli Lilly and Company
  • Emperra Gmbh E-Health Technologies
  • F. Hoffmann-La Roche, Ltd.
  • Insulet Corp.
  • Jingasu Delfu medical device Co., Ltd
  • Johnson & Johnson Services, Inc
  • MannKind Corp.
  • Medtronic, PLC
  • Novo Nordisk A/S
  • Pendiq Intelligent Diabetes Care
  • Sanofi S.A.
  • SOOIL Development Co., Ltd.
  • Tandem Diabetes Care, Inc.
  • Ypsomed Holding