India insulin delivery devices market is
anticipated to grow with an impressive CAGR in the forecast period,
FY2023-FY2027. The market has shown a consistent growth in the last five years
and it is expected to grow with the projected cumulative annular growth rate on
the account of growing need of early and effective treatment for the diabetic
patients. Moreover, insulin delivery devices are focused to monitor that the
dosage of the insulin given to the patients, thereby effectively supporting the
growth of the market on the account of monitoring the correct dosage of insulin
give to the patient. Also, favorable reimbursement scenarios and strong
government support is anticipated to support the robust growth of the India
insulin delivery devices market in the upcoming five years.
Furthermore, the technological
advancement is the medical devices is anticipated to drive the market growth in
the next five years. Research and development are continued on a major scale in
the country. These research and development institutes are supported by the
government funding as well as the private funding from various medical device
manufacturers thus enabling the development of the technologically advanced
medical device, thereby supporting the robust growth of the market in the next
five years.
The India insulin delivery devices
market is segmented by product type, distribution channel, and user,
competitional landscape, and regional distribution. Based on product type the
market is further bifurcated into pens, pumps, pen needles, and others. Insulin
pens are of two types that are currently available in the market are disposable
insulin pens, and reusable insulin pens. These insulin pens and anticipated to
hold the largest market share on the grounds of their advantages of
reusability. Insulin pumps are of two types namely, external/tethered, and
patch pumps. External/ tethered pumps are anticipated to hold the larger share
of the market comparatively although patch pumps are expected to hold the
fastest growing market segment in the next five years.
Some of the top players in the India insulin
delivery devices market are, Biocon Limited, India Medtronic Pvt. Ltd., Roche
(Products) India Pvt. Ltd., Becton Dickinson Private Limited, Ypsomed India
Private Ltd, Novo Nordisk India, Sanofi India Ltd. (Aventis Pharma), Eli Lilly
& Co (India) Pvt. Ltd, Abbott India Ltd, B. Braun Medical (India) Pvt. Ltd.,
among others. The companies are involving themselves into research and
development for more advanced medical devices. Insulin delivery devices are
diagnostic imaging products and are in demand owing to the need of the
healthcare industry. New players entering the market may form partnerships with
other players or the end users of the industry for a consistent inflow of the
product.
Years considered for this report:
Historical Years: FY2017 – FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023 – FY2027
Objective of the Study:
- To
analyze the historical growth of the
market size of India insulin delivery devices market from FY2017 to FY2020.
- To
estimate and forecast the market size of India insulin delivery devices
market from FY2021 to FY2027 and growth rate until FY2027.
- To classify and
forecast India insulin delivery devices market based on product
type, distribution channel, end users, competitional landscape, and regional distribution.
- To identify dominant region or segment in the India insulin
delivery devices market.
- To
identify drivers and challenges for India insulin delivery devices market.
- To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in India insulin delivery devices market.
- To identify and analyze the profile
of leading players operating in India insulin delivery devices market.
- To identify key sustainable strategies adopted by market players in
India insulin delivery devices market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers, suppliers, and distributors across the country. Subsequently,
TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the manufactures
which could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufactures, distribution channels and presence of all
major players across the country.
TechSci Research calculated the market size of India insulin delivery devices market using a bottom-up approach,
wherein data for various end-user segments was recorded and forecast for the
future years. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analyzing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key
Target Audience:
- Insulin delivery devices manufacturers, end users, and other
stakeholders
- Distributers and suppliers of insulin delivery devices and other
stakeholders
- Organizations, forums and alliances related to insulin delivery
devices
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers, end users, etc., besides allowing them in strategizing investments
and capitalizing on market opportunities.
Report Scope:
In this report, India insulin delivery devices market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- India Insulin
Delivery Devices Market, By Product Type:
- Pens
- Pumps
- Pen Needles
- Others
- India Insulin Delivery Devices Market,
By Distribution Channel:
o
Hospital
Pharmacies
o
Retail
Pharmacies
o
Online
o
Others
- India Insulin Delivery Devices
Market, By End Users:
- Hospitals & Clinics
- Homecare
- Others
- India Insulin Delivery Devices Market,
By Region:
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India insulin delivery devices market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
India Insulin Delivery
Devices Market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]