Persistence Market Research Released New Market Report on "Insulin Delivery Device Market - Global Industry Analysis and Forecast to 2020” in the category "Medical Devices"

New York, NY -- (SBWire) -- 09/15/2014 --Diabetes is a disease characterized by high blood sugar level. It is caused by improper functioning of pancreas that secretes insulin. Insulin is a hormone that maintains the blood sugar level in the body and helps in proper functioning of all cellular and physiological activities. Diabetes is more common in aged population; however incidence for diabetes is also increasing in children and adults. To overcome this problem, insulin delivery devices such as insulin pen, insulin pump and insulin syringes, play a vital role in maintaining insulin level in the body. Insulin pen, syringe and insulin pump are injectable devices which deliver insulin in to the skin through a needle.

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In terms of geographic, North America is the largest market of insulin devices followed by Europe and Asia. Asia is the fastest growing market for insulin delivery device market. Globally, insulin delivery devices market is growing rapidly due to increasing aging population, increased diabetic patients, government support and initiatives and advancement in the insulin devices technology.

Innovative applications of insulin pump, increasing aging population and advancement in insulin delivery device technology are some of major key drivers for the global insulin delivery device market. In addition, increased diabetic patient population, rising government initiatives and advancement in drug delivery devices are some of the major drivers for insulin delivery device market. According to International diabetes foundation, more than 300 million people are living with diabetes worldwide. Moreover, according to WHO, in 2000, there were 33,000 million peoples were suffering with diabetes and expected to reach 66,800 million people by 2030.

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However, high manufacturing cost, safety issues in insulin devices, chances of infection and reaction are some of the major restraints for insulin delivery devices market. Moreover, improper usage of insulin devices may leads to damage of eye, kidneys, heart and large blood vessels.

Some the major players operating in the insulin delivery devices market are Novo Nordics and Sanofi Aventis, EliLilly, Biocon and Julphar Pharmaceuticals.

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Key points covered in the report:

1. Report segments the market on the basis of types, application, products, technology, etc (as applicable)

2. The report covers geographic segmentation

North America
Europe
Asia
RoW

3. The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020

4. The report provides company profiles of some of the leading companies operating in the market

5. The report also provides porters five forces analysis of the market.

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