According to Stratistics MRC, the Global Insulin Delivery Devices market is estimated at $XX million in 2016.

GAITHERSBURG, MARYLAND, US, May 17, 2017 /EINPresswire.com/ -- According to Stratistics MRC, the Global Insulin Delivery Devices market is estimated at $XX million in 2016 and is expected to reach $XX million by 2022 growing at a CAGR of XX% from 2016 to 2022. Increasing incidence of diabetes and favourable government policies are driving the market growth. Usage of other alternative mode of medication like oral drugs is hindering the market growth. Whereas huge research and development investment by market players seem to be opportunity factor to the market.

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Insulin pens in product segment hold the largest market share in 2015, owing to high popularity and easy to use property. In end user segment Patients/Homecare segment accounted for the largest market share. It is due to increase in health care expenditure. North America accounted for the highest market share as compared to other regions. The Asia Pacific region is expected to grow at a higher CAGR and is anticipated to account for the highest market share during forecast period because of rising diabetic patients in this region.

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Some of the key players in the market include Abbott Laboratories, Animas Corporation (Johnson and Johnson), Becton, Dickinson and Company, Biocon Limited, ELI Lilly and Company, F. Hoffmann-La Roche, Ltd., Insulet Corporation, Medtronic PLC, Novo Nordisk A/S, Sanofi, Tandem Diabetes Care, Inc., Wockhardt Ltd. and Ypsomed Holding AG.

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