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Smart Insulin Pens Market Report by Type (First Generation Pens, Second Generation Pens), Usability (Prefilled, Reusable), Indication (Type 1 Diabetes, Type 2 Diabetes), Connectivity (Bluetooth, USB), End User (Hospitals and Clinics, Ambulatory Surgical Centers, Home Care Settings), and Region 2024-2032
Market Report I 2024-04-08 I 138 Pages I IMARC Group
The global smart insulin pens market size reached US$ 131.7 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 319.5 Million by 2032, exhibiting a growth rate (CAGR) of 10% during 2024-2032.
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 levels from 2024-2032. 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.
Key Questions Answered in This Report
1. What was the size of the global smart insulin pens market in 2023?
2. What is the expected growth rate of the global smart insulin pens market during 2024-2032?
3. What are the key factors driving the global smart insulin pens market?
4. What has been the impact of COVID-19 on the global smart insulin pens market?
5. What is the breakup of the global smart insulin pens market based on the type?
6. What is the breakup of the global smart insulin pens market based on the usability?
7. What is the breakup of the global smart insulin pens market based on the end user?
8. What are the key regions in the global smart insulin pens market?
9. Who are the key players/companies in the global smart insulin pens market?
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
Figure 1: Global: Smart Insulin Pens Market: Major Drivers and Challenges
Figure 2: Global: Smart Insulin Pens Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Smart Insulin Pens Market: Breakup by Type (in %), 2023
Figure 5: Global: Smart Insulin Pens Market: Breakup by Usability (in %), 2023
Figure 6: Global: Smart Insulin Pens Market: Breakup by Indication (in %), 2023
Figure 7: Global: Smart Insulin Pens Market: Breakup by Connectivity (in %), 2023
Figure 8: Global: Smart Insulin Pens Market: Breakup by End User (in %), 2023
Figure 9: Global: Smart Insulin Pens Market: Breakup by Region (in %), 2023
Figure 10: Global: Smart Insulin Pens (First Generation Pens) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Smart Insulin Pens (First Generation Pens) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Smart Insulin Pens (Second Generation Pens) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Smart Insulin Pens (Second Generation Pens) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Smart Insulin Pens (Prefilled) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Smart Insulin Pens (Prefilled) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Smart Insulin Pens (Reusable) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Smart Insulin Pens (Reusable) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Smart Insulin Pens (Type 1 Diabetes) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Smart Insulin Pens (Type 1 Diabetes) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Smart Insulin Pens (Type 2 Diabetes) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Smart Insulin Pens (Type 2 Diabetes) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Smart Insulin Pens (Bluetooth) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Smart Insulin Pens (Bluetooth) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Smart Insulin Pens (USB) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Smart Insulin Pens (USB) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Smart Insulin Pens (Hospitals and Clinics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Smart Insulin Pens (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Smart Insulin Pens (Ambulatory Surgical Centers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Smart Insulin Pens (Ambulatory Surgical Centers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Smart Insulin Pens (Home Care Settings) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Smart Insulin Pens (Home Care Settings) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: North America: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: North America: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: United States: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: United States: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Canada: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Canada: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Asia-Pacific: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Asia-Pacific: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: China: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: China: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Japan: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Japan: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: India: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: India: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: South Korea: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: South Korea: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Australia: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Australia: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Indonesia: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Indonesia: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Others: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Others: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Europe: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Europe: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Germany: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Germany: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: France: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: France: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: United Kingdom: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: United Kingdom: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Italy: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Italy: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Spain: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Spain: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Russia: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Russia: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Others: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Others: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Latin America: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Latin America: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Brazil: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Brazil: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Mexico: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Mexico: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Others: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Others: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Middle East and Africa: Smart Insulin Pens Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Middle East and Africa: Smart Insulin Pens Market: Breakup by Country (in %), 2023
Figure 80: Middle East and Africa: Smart Insulin Pens Market Forecast: Sales Value (in Million US$), 2024-2032
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
Table 1: Global: Smart Insulin Pens Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Smart Insulin Pens Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Smart Insulin Pens Market Forecast: Breakup by Usability (in Million US$), 2024-2032
Table 4: Global: Smart Insulin Pens Market Forecast: Breakup by Indication (in Million US$), 2024-2032
Table 5: Global: Smart Insulin Pens Market Forecast: Breakup by Connectivity (in Million US$), 2024-2032
Table 6: Global: Smart Insulin Pens Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 7: Global: Smart Insulin Pens Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Smart Insulin Pens Market: Competitive Structure
Table 9: Global: Smart Insulin Pens Market: Key Players
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