Noida, UP -- (SBWire) -- 02/16/2011 -- As per our new research report, “Insulin Delivery Systems Market Analysis (2008-2012)”, the global insulin pumps market has been growing at a healthy pace for the last decade. Extensive research and profound analysis performed for the market together exhibited a high growth potential market with promising growth prospects inherent for the industry. The growth in the market is primarily being driven by increase in the elderly population and obesity rates, advances in technology (the emergence of an artificial pancreas and an insulin and glucagon delivery system), and rising patient awareness. The global insulin pump market has a bright future ahead with a projected CAGR growth of around 9% during 2011 - 2015.
Besides, we have done thorough research and prudent analysis of the insulin delivery devices market worldwide. Our research analyzes various country-level markets all over the world and has found that the US is the largest market in the world for insulin delivery devices. Insulin syringes, traditionally dominating the US insulin delivery device market, still accounts for a very high market share. However, now this trend is changing and people prefer new devices over the traditional ones, as these are more cost-effective and less painful. However, it is the insulin pumps, which are the biggest threat to the insulin pen market in the US as the market share of these pumps has substantially increased during the last five years. Furthermore, the report also discusses key market trends and restraints to provide complete overview of the current situation of the market.
“Insulin Delivery Systems Market Analysis (2008-2012)” analyzes key segments of the industry to give a brief overview about the future scenario of the industry. The report also presents rational analysis and forecast on various segments and sectors of the industry. Moreover, it includes information of the key competitors in the market along with their business description and areas of expertise. This will help clients in understanding the market in a better way and provides them an additional edge over their market contenders, while assisting them in devising their future market strategy.
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Global Insulin Pumps Market Set for Stupendous Upsurge by 2015
Advances in technology and rising patient awareness will drive the growth of the global insulin pumps market, says RNCOS in its latest research study.