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Smart Insulin Pens Global Market Report 2020-30: Covid 19 Growth and Change

Region:Global

Author(s):

Product Code:7435

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Published on

May 2020

Total pages

200

Table of Content

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About the Report

About the Report

Major players in the smart insulin pens market are Companion Medical, Eli Lilly and Company, Novo Nordisk A/S, Diamesco Co. Ltd., Emperra GmbH E-Health Technologies, Digital Medics Pvt Ltd., F. Hoffmann-La Roche AG, Insulet Corporation, Jiangsu Delfu medical device Co. Ltd., and Bigfoot biomedica.
 
The global smart insulin pens market is expected to grow from USD 75.8 million in 2019 and to USD 77 million in 2020 at a growth rate of 1.6%. The slow growth is due to disruption in supply chains and restrictions on trade of medical products across countries owing to the COVID-19 outbreak. The market is then expected to grow and reach USD 98.4 million in 2023 at CAGR of 8.51%.
 
The smart insulin pens market consists of sales of smart insulin pens which allows to dial the insulin dose accurately and related products. The companies manufacturing the smart insulin pens are primarily engaged in designing and manufacturing of first- and second-generation smart insulin pens which are either reusable or pre-filled for the application of delivering accurate insulin dose in Type 1 Diabetes and Type 2 Diabetes. The revenue generated by these companies is through sales of these pens to Hospitals & Clinics, Ambulatory surgical centres and Home care settings.
 
North America was the largest region in the smart insulin pens market in 2019. Asia Pacific was the fastest growing region in the smart insulin pens market in the forecast period.
 
In February 2020, Senseonics a US-based medical technology company which primarily focuses on the design, development and commercialization of glucose monitoring products announced partnership with Companion Medical. The partnership will benefit both the companies by integrating Eversense CGM System with the InPen� smart system for accurate insulin delivery. Companion Medical is a US-based company which aims at achieving desirable diabetes outcomes and manufactured InPen� which is the US first FDA approved insulin pen.
 
Diabetics may be prescribed with two types of insulin for better control over blood glucose levels. They usually prefer a pre-mixed insulin (combination) or a method in which the insulin doses could be mixed and once puncture is necessary to deliver the different types of insulin doses required. Multiple punctures for the insulin delivery can lead to poor adherence of the medication which in turn results in poor glycemic control. In 2018, a study published states that poor glycemic control (A1c>7%) was reported in 68% of respondents and there was an association between A1c >7% and poor adherence levels. Dislike towards injection to a large extent and needle phobia can result in poor adherence levels. It is estimated that over 10% of population have needle phobia. These factors can reduce the adherence of smart insulin pens where two types of insulin can't be mixed and results in multiple needle punctures which thereby effect the purpose of the insulin being administered which is expected to hinder the market growth.
 
The next generation smart insulin pens go far beyond memory storage. They help in calculating personalized doses, track glucose continuously and connects with apps of smartphones to visualize the data. In 2019, Novo Nordisk and Abbott partnered to integrate insulin dose data into the digital health tools which aims at connecting key technologies such as continuous glucose monitoring and insulin pens thus simplifying diabetes management. The NovoPen 6 and the NovoPen Echo Plus pens will be able to connect to the Dexcom G6 CGM and the Diasend diabetes management platform (Glooko). In 2019, Companion Medical announced that the Bluetooth-enabled InPen which takes away the guesswork from dosing of insulin with an in-app bolus calculator that uses precise carbohydrate ratios and correction factors and calculates the personalized insulin doses. This enhances the ease of usage of smart insulin pens which is expected to boost the market.
 
Accurate dose of insulin can be achieved than vial or a syringe with an insulin pen. For kids who need to take insulin during school time and visually impaired diabetic patients, an accurate dose of insulin can even be pre-set over the dosage dial which helps in accurate delivery of dose at the time of injection. Echo Plus by Novo Nordisk which is a pediatric friendly insulin pen allows even half-unit dosing with a maximum of 30 units. HumaPen Luxura HD from Lilly allows the delivery of insulin in half-unit increments and NovoPen Junior-Insulin Pen by Novo Nordisk can deliver highly accurate doses of insulin and finely adjusts small doses even half-unit increments. The accurate adjustments and delivery of doses of insulin can avoid either over-dosing or low-dosing of the drug which is expected to increase the demand of smart insulin pens and drive the market growth.
 

Products

Products

1) By Type: First Generation Pens; Second Generation Pens (Bluetooth Enabled, USD Connected) 2) By End User: Hospitals & Clinics; Ambulatory Surgical Centres; Home Care Settings 3) By Usability: Prefilled; Reusable 4) By Application: Type 1 Diabetes; Type 2 Diabetes


Companies

Companion Medical; Eli Lilly and Company; Novo Nordisk A/S; Diamesco Co. Ltd.; Emperra GmbH E-Health Technologies; Digital Medics Pvt Ltd.; F. Hoffmann-La Roche AG; Insulet Corporation; Jiangsu Delfu medical device Co. Ltd.; Bigfoot biomedica; InjexUK; Smith's Medical; NIPRO Medical Corporation; Biocorp; BERLIN-CHEMIE; Diabnex

Table of Contents

Table of Contents

1. Executive Summary

2. Smart Insulin Pens Market Characteristics

3. Smart Insulin Pens Market Size And Growth

3.1. Global Smart Insulin Pens Historic Market, 2015-2019, USD Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Smart Insulin Pens Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Smart Insulin Pens Market Segmentation

4.1. Global Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

First Generation Pens

Second Generation Pens (Bluetooth Enabled, USD Connected)

4.2. Global Smart Insulin Pens Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Hospitals & Clinics

Ambulatory Surgical Centres

Home Care Settings

4.3. Global Smart Insulin Pens Market, Segmentation By Usability, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Prefilled

Reusable

4.4. Global Smart Insulin Pens Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Type 1 Diabetes

Type 2 Diabetes

5. Smart Insulin Pens Market Regional And Country Analysis

5.1. Global Smart Insulin Pens Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

5.2. Global Smart Insulin Pens Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

6. Asia-Pacific Smart Insulin Pens Market

6.1. Asia-Pacific Smart Insulin Pens Market Overview

6.2. Asia-Pacific Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

7. China Smart Insulin Pens Market

7.1. China Smart Insulin Pens Market Overview

7.2. China Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion

8. India Smart Insulin Pens Market

8.1. India Smart Insulin Pens Market Overview

8.2. India Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

9. Japan Smart Insulin Pens Market

9.1. Japan Smart Insulin Pens Market Overview

9.2. Japan Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

10. Australia Smart Insulin Pens Market

10.1. Australia Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

11. Indonesia Smart Insulin Pens Market

11.1. Indonesia Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

12. South Korea Smart Insulin Pens Market

12.1. South Korea Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

13. Western Europe Smart Insulin Pens Market

13.1. Western Europe Smart Insulin Pens Market Overview

13.2. Western Europe Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

14. UK Smart Insulin Pens Market

14.1. UK Smart Insulin Pens Market Overview

14.2. UK Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

15. Germany Smart Insulin Pens Market

15.1. Germany Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

16. France Smart Insulin Pens Market

16.3. France Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

17. Eastern Europe Smart Insulin Pens Market

17.1. Eastern Europe Smart Insulin Pens Market Overview

17.2. Eastern Europe Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

18. Russia Smart Insulin Pens Market

18.1. Russia Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

19. North America Smart Insulin Pens Market

19.1. North America Smart Insulin Pens Market Overview

19.2. North America Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

20. USA Smart Insulin Pens Market

20.1. USA Smart Insulin Pens Market Overview

20.2. USA Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

21. South America Smart Insulin Pens Market

21.1. South America Smart Insulin Pens Market Overview

21.2. South America Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

22. Brazil Smart Insulin Pens Market

22.1. Brazil Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

23. Middle East Smart Insulin Pens Market

23.1. Middle East Smart Insulin Pens Market Overview

23.2. Middle East Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

24. Africa Smart Insulin Pens Market

24.1. Africa Smart Insulin Pens Market Overview

24.2. Africa Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

25. Smart Insulin Pens Market Competitive Landscape And Company Profiles

25.1. Smart Insulin Pens Market Competitive Landscape

25.2. Smart Insulin Pens Market Company Profiles

25.2.1. Companion Medical

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. Eli Lilly and Company

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Novo Nordisk A/S

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. Diamesco Co. Ltd.

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Emperra GmbH E-Health Technologies

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Smart Insulin Pens Market

27. Smart Insulin Pens Market Trends And Strategies

28. Smart Insulin Pens Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

 


List of Figure

Figure 1: Global Historic Market Growth, 2015-2019, USD Billion

Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 3: Global Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 4: Global Smart Insulin Pens Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 5: Global Smart Insulin Pens Market, Segmentation By Usability, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 6: Global Smart Insulin Pens Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 7: Global Smart Insulin Pens Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 8: Global Smart Insulin Pens Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 9: Asia-Pacific, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 10: China, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 11: India, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 12: Japan, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 13: Australia, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 14: Indonesia, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 15: South Korea, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 16: Western Europe, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 17: UK, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 18: Germany, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 19: France, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 20: Eastern Europe, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 21: Russia, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 22: North America, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 23: USA, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 24: South America, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 25: Brazil, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 26: Middle East, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 27: Africa, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 28: Companion Medical Financial Performance

Figure 29: Eli Lilly and Company Financial Performance

Figure 30: Novo Nordisk A/S Financial Performance

Figure 31: Diamesco Co. Ltd. Financial Performance

Figure 32: Emperra GmbH E-Health Technologies Financial Performance


List of Table

Table 1: Global Historic Market Growth, 2015-2019, USD Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 3: Global Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 4: Global Smart Insulin Pens Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 5: Global Smart Insulin Pens Market, Segmentation By Usability, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 6: Global Smart Insulin Pens Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 7: Global Smart Insulin Pens Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 8: Global Smart Insulin Pens Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 9: Asia-Pacific, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 10: China, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 11: India, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 12: Japan, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 13: Australia, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 14: Indonesia, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 15: South Korea, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 16: Western Europe, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 17: UK, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 18: Germany, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 19: France, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 20: Eastern Europe, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 21: Russia, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 22: North America, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 23: USA, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 24: South America, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 25: Brazil, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 26: Middle East, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 27: Africa, Smart Insulin Pens Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 28: Companion Medical Financial Performance

Table 29: Eli Lilly and Company Financial Performance

Table 30: Novo Nordisk A/S Financial Performance

Table 31: Diamesco Co. Ltd. Financial Performance

Table 32: Emperra GmbH E-Health Technologies Financial Performance

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