Smart Insulin Pens Market Value Will Exhibit a Nominal Uptick in 2020 as Corona Virus Outbreak Prevails as a Global Pandemic, Says FMI in a Revised Report
Analysts at Future Market Insights find that the global Smart Insulin Pens market has been evolving at a CAGR of xx% during the historic period 2012-2016. The market study suggests that the global market size of Smart Insulin Pens is projected to reach ~US$ xx Mn/Bn by the end of 2027 with a CAGR of xx% over the stipulated timeframe 2017-2027.
The COVID-19 pandemic has been posing measurable impact on the global economy and, in turn, on the Smart Insulin Pens market. Quarantines, traveling constraints, and social distancing measures on a broad-scale drive a steep decline in business and consumer spending until the end of Q2. This research work intends to offer market players with a viewpoint on the changing scenario and implications for the market players.
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The Smart Insulin Pens market research demonstrates the current and future market share of each region along with the important countries in respective region. Key regions include:
- North America
- Asia Pacific (APAC)
- Rest of World (ROW)
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A crucial factor fuelling the global sales of smart insulin pens is higher dependency of patients & medical professionals on data obtained from clinical trials. Conventional devices are unable to offer facilities that are provided through smart insulin pens. The demand for smart insulin pens is also driven by preference of health insurers towards outcome-based compensation models. Moreover, medical device manufacturers are looking at profitable opportunities arising from rising adoption of medical management processes, increasing development of insulin adherence programs, and higher demand for patient-centric devices. It has been estimated that during the forecast period, the global market for smart insulin pens will witness active participation from three medical device manufacturers – Companion Medical Inc., Emperra GmbH E-Health Technologies and Digital Medics Pty Ltd.
The report further reveals that a majority of smart insulin pens sold across the world will be purchased for treatment of type II diabetes. The demand for smart insulin pens among type I diabetics is expected to remain considerably lower, procuring global revenues of just over US$ 700,000. Connectivity of smart insulin pens is also observed as a key aspect impacting the market’s growth. And, the report projects the global smart insulin pens market to remain equally split between Bluetooth and USB-connected pens through the end of 2027..
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What does the Smart Insulin Pens market research holds for the readers?
- One by one company profile of key vendors.
- Influence of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Smart Insulin Pens market.
- Evaluation of supply-demand ratio in every end use industry.
- Regional analysis on the basis of market share, growth outlook, and key countries.
- Positive and negative aspects associated with the consumption of Smart Insulin Pens.
The Smart Insulin Pens market research clears away the following queries:
- What is the present and future outlook of the global Smart Insulin Pens market on the basis of region?
- What tactics are the Smart Insulin Pens market vendors implementing to give tough competition to their business counterparts?
- What are the macro- and microeconomic factors affecting the global Smart Insulin Pens market?
- Which end use segment is spectated to lead by the end of 2029?
- Why region has the highest consumption of Smart Insulin Pens?
COVID -19 : Impact Analysis @ https://www.futuremarketinsights.com/covid19/rep-gb-1827
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