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Smart Insulin Pens Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global smart insulin pens market size reached US$ 103.86 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 214.05 Million by 2027, exhibiting a growth rate (CAGR) of 12.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A smart insulin pen is a reusable injector pen with a smartphone app that facilitates patients with diabetes in managing their insulin delivery efficiently. It is more affordable, easy to use, and provides helpful reminders, alerts, and reports compared to conventional insulin. It helps calculate doses of the blood sugar level, carbohydrate amounts, meal size, and active insulin. In addition, it notifies the expiration date or exceeding the temperature range of insulin to replace the cartridge timely. As a result, smart insulin pen finds extensive applications in hospitals, clinics, ambulatory surgical centers, and home care units across the globe.

Smart Insulin Pens Market Trends:

At present, the growing awareness among the masses about the benefits of smart insulin pens, such as delivering accurate half-unit doses, preventing skipped or missed doses, and tracking time and number of doses, represents one of the key factors driving the market. Besides this, there is a rise in the prevalence of diabetes due to the increasing obesity and geriatric population across the globe. This, along with the burgeoning healthcare industry, is strengthening the growth of the market. In addition, key market players are extensively investing in research and development (R&D) activities to introduce smart insulin pens with memory and timing function that provides intelligent injection for patients. They are also focusing on developing Bluetooth-connected smart insulin pens. Moreover, there is an increase in the adoption of home treatment as it is more comfortable, convenient, and personalized. This, coupled with the escalating demand for needle-free insulin delivery devices due to the rising needle stick injuries while using, handling, disassembling, or disposing of needles, is bolstering the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smart insulin pens market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, usability, indication, connectivity and end user.

Breakup by Type:

  • First Generation Pens
  • Second Generation Pens
     

Breakup by Usability:

  • Prefilled
  • Reusable
     

Breakup by Indication:

  • Type 1 Diabetes
  • Type 2 Diabetes
     

Breakup by Connectivity:

  • Bluetooth
  • USB
     

Breakup by End User:

  • Hospitals and Clinics
  • Ambulatory Surgical Centers
  • Home Care Settings
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Bigfoot Biomedical Inc., Digital Medics Pty Ltd., Emperra GmbH E-Health Technologies, Jiangsu Delfu Medical Device Co. Ltd., Medtronic plc, Novo Nordisk A/S, pendiq GmbH and Ypsomed AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Type, Usability, Indication, Connectivity, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Bigfoot Biomedical Inc., Digital Medics Pty Ltd., Emperra GmbH E-Health Technologies, Jiangsu Delfu Medical Device Co. Ltd., Medtronic plc, Novo Nordisk A/S, pendiq GmbH and Ypsomed AG.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global smart insulin pens market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global smart insulin pens market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the usability?
  • What is the breakup of the market based on the indication?
  • What is the breakup of the market based on the connectivity?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global smart insulin pens market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Smart Insulin Pens Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    First Generation Pens
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Second Generation Pens
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Usability
    7.1    Prefilled
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Reusable
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Indication
    8.1    Type 1 Diabetes
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Type 2 Diabetes
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Connectivity
    9.1    Bluetooth
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    USB
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by End User
    10.1    Hospitals and Clinics
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Ambulatory Surgical Centers
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Home Care Settings
        10.3.1 Market Trends
        10.3.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Bigfoot Biomedical Inc.
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
        16.3.2    Digital Medics Pty Ltd.
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
        16.3.3    Emperra GmbH E-Health Technologies
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
        16.3.4    Jiangsu Delfu Medical Device Co. Ltd.
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
        16.3.5    Medtronic plc
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
           16.3.5.3 Financials
           16.3.5.4 SWOT Analysis
        16.3.6    Novo Nordisk A/S
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 Financials
           16.3.6.4 SWOT Analysis
        16.3.7    pendiq GmbH
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
        16.3.8    Ypsomed AG
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
           16.3.8.3 Financials
           16.3.8.4 SWOT Analysis

List of Figures

Figure 1: Global: Smart Insulin Pens Market: Major Drivers and Challenges
Figure 2: Global: Smart Insulin Pens Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Smart Insulin Pens Market: Breakup by Type (in %), 2021
Figure 5: Global: Smart Insulin Pens Market: Breakup by Usability (in %), 2021
Figure 6: Global: Smart Insulin Pens Market: Breakup by Indication (in %), 2021
Figure 7: Global: Smart Insulin Pens Market: Breakup by Connectivity (in %), 2021
Figure 8: Global: Smart Insulin Pens Market: Breakup by End User (in %), 2021
Figure 9: Global: Smart Insulin Pens Market: Breakup by Region (in %), 2021
Figure 10: Global: Smart Insulin Pens (First Generation Pens) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Smart Insulin Pens (First Generation Pens) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Smart Insulin Pens (Second Generation Pens) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Smart Insulin Pens (Second Generation Pens) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Smart Insulin Pens (Prefilled) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Smart Insulin Pens (Prefilled) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Smart Insulin Pens (Reusable) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Smart Insulin Pens (Reusable) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Smart Insulin Pens (Type 1 Diabetes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Smart Insulin Pens (Type 1 Diabetes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Smart Insulin Pens (Type 2 Diabetes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Smart Insulin Pens (Type 2 Diabetes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Smart Insulin Pens (Bluetooth) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Smart Insulin Pens (Bluetooth) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Smart Insulin Pens (USB) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Smart Insulin Pens (USB) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Smart Insulin Pens (Hospitals and Clinics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Smart Insulin Pens (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Smart Insulin Pens (Ambulatory Surgical Centers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Smart Insulin Pens (Ambulatory Surgical Centers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Smart Insulin Pens (Home Care Settings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Smart Insulin Pens (Home Care Settings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: United States: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: United States: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Canada: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Canada: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Asia-Pacific: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Asia-Pacific: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: China: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: China: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Japan: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Japan: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: South Korea: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: South Korea: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Australia: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Indonesia: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Indonesia: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Germany: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Germany: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: France: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: France: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: United Kingdom: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: United Kingdom: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Italy: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Italy: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Spain: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Spain: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Latin America: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Latin America: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Brazil: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Brazil: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Mexico: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Mexico: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Middle East and Africa: Smart Insulin Pens Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Middle East and Africa: Smart Insulin Pens Market: Breakup by Country (in %), 2021
Figure 80: Middle East and Africa: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Global: Smart Insulin Pens Industry: SWOT Analysis
Figure 82: Global: Smart Insulin Pens Industry: Value Chain Analysis
Figure 83: Global: Smart Insulin Pens Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Smart Insulin Pens Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Smart Insulin Pens Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Smart Insulin Pens Market Forecast: Breakup by Usability (in Million US$), 2022-2027
Table 4: Global: Smart Insulin Pens Market Forecast: Breakup by Indication (in Million US$), 2022-2027
Table 5: Global: Smart Insulin Pens Market Forecast: Breakup by Connectivity (in Million US$), 2022-2027
Table 6: Global: Smart Insulin Pens Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 7: Global: Smart Insulin Pens Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Smart Insulin Pens Market: Competitive Structure
Table 9: Global: Smart Insulin Pens Market: Key Players


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