Overview
Diabetes is a condition characterized by elevated blood glucose levels in the body. Insulin, a hormone, plays a crucial role in converting glucose into energy for bodily functions. Type 1 diabetes occurs when the body fails to produce insulin. To manage this deficiency, insulin delivery devices are used to transfer insulin from external sources into the bloodstream when insulin levels are low. These methods include syringes, pumps, sprays, and insulin pens.
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Market Growth Trends
The increasing prevalence of diabetes worldwide is expected to drive market growth.
Diabetes mellitus has emerged as a significant global health issue with extensive consequences. It affects not only individuals and families but also has a substantial impact on national economies. According to the International Diabetes Federation (IDF) Diabetes Atlas, approximately 537 million adults aged 20 to 79 were living with diabetes in 2021, representing one in ten people worldwide.
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Market is Segmented
By Product Type: Syringes, Insulin Pens, and doses, Infusion pumps, Oral insulin, Insulin sprays, Insulin patches, Jet injectors, Automated insulin delivery system
By Application: Type I Diabetes, Type II Diabetes
By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Sales and Others
By Region: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
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