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Diabetes Drug Delivery Devices Market is projected to be worth USD 31 billion by 2030

Discussion in 'Business Analysis' started by Stella Wilson, Jul 6, 2021.

  1. Stella Wilson

    Stella Wilson New Member

    Roots Analysis has announced the addition of “Diabetes Drug Delivery Devices Market, 2020-2030” report to its list of offerings.

    Stakeholders engaged in this domain are presently focusing on introducing advanced features, such as integrated continuous glucose monitoring (CGM) systems, artificial intelligence (AI) enabled algorithms, provisions for audiovisual / tactile feedback, and automatic drug reconstitution features. Such efforts are primarily directed towards differentiating proprietary offerings within a highlight competitive market landscape, and are expected to drive the market’s growth over the coming years.

    Key Market Insights

    More than 80 diabetes drug delivery devices are presently available / under development

    More than 65% of the aforementioned devices are marketed, while the rest are being evaluated in preclinical / clinical studies. It is also worth highlighting that majority of the drug delivery devices intended for diabetics are insulin pumps (35%), followed by pen injectors / autoinjectors (32%).

    Get Detailed Analysis:

    Over 50 companies, across the world, claim to be engaged in developing drug delivery devices for diabetics

    Majority (44%) of the device developers are located in North America, primarily in the US. Within Europe, most of the developers are distributed across France, Germany, Switzerland, Italy and UK. Further, around 37% of the players engaged in this domain are large firms.

    The market is dominated by the products of big pharma players

    The leading pharmaceutical companies (in terms of number of products and revenues shares) involved in this domain are large / very large businesses. It is worth mentioning that the aforementioned players are investing significantly in terms of number of marketed and clinical-stage drugs, partnerships and strategic investments in this domain.

    Partnership activity in this domain has grown at a CAGR of 33%, between 2015 and 2019

    Maximum number of partnerships were reported in 2018. Majority of the agreements captured in the report, were observed to be related to technology integration deals (over 35%), followed by product development (16%).

    North America and Europe are anticipated to capture over 60% of the overall market share by 2030

    The current market is driven by the sales of diabetes drug delivery devices designed for subcutaneous administration (over 70%), followed by those that facilitate intravenous administration (26%). Further, pen injectors / autoinjectors currently capture 52% of the overall market share (in terms of sales revenues).

    Get PDF Sample Report:

    Key Questions Answered

    Who are the leading players engaged in the development of diabetes drug delivery devices?

    What are the popular devices types that are available / under development for the delivery of diabetes medicine?

    What kind of novel / advanced features are device developers incorporating into their proprietary offerings in order to maintain a competitive edge in the market?

    What kind of partnership models are commonly being adopted by stakeholders in this industry?

    What is the role of big pharma companies in this market?

    What are the factors that are likely to influence the evolution of this market?

    How is the current and future market opportunity likely to be distributed across key market segments?

    The USD 31 million (by 2030) financial opportunity within the diabetes drug delivery devices market has been analyzed across the following segments:

    Type of Device

    · Pen-Injectors

    · Insulin Pumps

    · Conventional Syringes

    · Others

    Route of Administration

    · Subcutaneous

    · Intravenous

    · Others

    Type of Diabetes

    · Type 1

    · Type 2

    Usability of the Device

    · Disposable

    · Reusable

    Key Geographies

    · North America

    · Europe

    · Asia Pacific

    · Rest of the World

    The research covers detailed profiles of key players (listed below); each profile features an overview of the company, financial information (if available), details related to its technology portfolio, product portfolio, recent developments, and an informed future outlook.

    · Bigfoot Biomedical

    · Debiotech

    · Haselmeier

    · Medtronic

    · Novo Nordisk

    · Roche

    · SOOIL

    · Ypsomed

    Get Customized Report:

    You may also be interested in the following titles:

    Organ–based / Targeted Drug Delivery Devices Market for Biologics (Intra-organ / Intra-tumoral), 2020 - 2030

    Global Handheld Ultrasound Imaging Devices Market, 2020-2030

    Large Volume Wearable Injectors Market (5th Edition), 2020-2030: Focus on Bolus, Basal and Continuous Delivery Devices

    Medical Device CROs Market (2nd Edition), 2020 – 2030

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