Description
According to Stratistics MRC, the Global Smart Insulin Pens Market is accounted for $58 million in 2016 and expected to grow at a CAGR of 12.2% to reach $130 million by 2023. Factors influencing the market growth are concerns for continuous glucose monitoring, introducing devices with smart connectivity and increasing diabetic patient pool. In addition, demand for personalized or patient centric devices and preventing the needle stick injury provide opportunity for the market. However, blood sugar control is the most challenging aspect as well as security concern and high costs of smart pens are restraining the market growth.
Based on type, Bluetooth connected smart insulin pens logs injected insulin doses directly to the patient’s digital blood glucose through the Bluetooth wireless interface. The software records each dose accurately and transfers readings into MRAM, and waits for activation of the Bluetooth Smart radio. If, the insulin delivery data doesn’t transfer to the phone then, it’s stored in the pen, gets ready for the next attempt as soon as the capacitor is recharged. Bluetooth Smart SoC is a unique and effective concept for insulin delivery pens. The pen has combination with other electronic tools, which can lead to glucose control accessible and affordable, which in turn assists in reducing complications and helps patients lead longer lives. BULE (or Bluetooth Smart) technology provides secure 128 bit encrypted data transfer capabilities.
North America dominated the smart insulin pens market owing to high persistence of obsolete syringe technology and rising prevalence of diabetes. However, Asia Pacific is the fastest growing market due to increase in prevalence with age and provides new treatment opportunities.
Some of the key players in the Global Smart Insulin Pens market are Companion Medical Inc, Digital Medics Ptd Ltd, Eli Lilly and Company, Novo Nordisk A/S, DIAMESCO, Roche, Insulet, Cardiocomm Solutions, BioSampling, Megasan Medical, Emperra GmbH E-Health Technologies, Nipro, Jiangsu Delfu medical device Co.,Ltd and Sanofi Diabetes.
Usabilities Covered:
• Reusable Pens
• Pre-Filled Pens
Indications Covered:
• Diabetes Type I
• Diabetes Type II
Types Covered:
• Second Generation Pens
• First Generation Pens
Distribution Channels Covered:
• Ambulatory Surgical Centers
• Home Care Settings
• Hospitals & Clinics
• Retail Pharmacies
• e-Commerce
Fabrications Covered:
• Plastic
• Metal
Technologies Covered:
• Bluetooth
• Jet Injectors
• Spring loaded
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Table of contents
1 Executive Summary
2 Preface
  2.1 Abstract
  2.2 Stake Holders
  2.3 Research Scope
  2.4 Research Methodology
     2.4.1 Data Mining
     2.4.2 Data Analysis
     2.4.3 Data Validation
     2.4.4 Research Approach
  2.5 Research Sources
     2.5.1 Primary Research Sources
     2.5.2 Secondary Research Sources
     2.5.3 Assumptions 3 Market Trend Analysis
  3.1 Introduction
  3.2 Drivers
  3.3 Restraints
  3.4 Opportunities
  3.5 Threats
  3.6 Technology Analysis
  3.7 Emerging Markets
  3.8 Futuristic Market Scenario 4 Porters Five Force Analysis
  4.1 Bargaining power of suppliers
  4.2 Bargaining power of buyers
  4.3 Threat of substitutes
  4.4 Threat of new entrants
  4.5 Competitive rivalry 5 Global Smart Insulin Pens Market, By Usability
  5.1 Introduction
  5.2 Reusable Pens
  5.3 Pre-Filled Pens 6 Global Smart Insulin Pens Market, By Indication
  6.1 Introduction
  6.2 Diabetes Type I
  6.3 Diabetes Type II 7 Global Smart Insulin Pens Market, By Type
  7.1 Introduction
  7.2 Second Generation Pens
     7.2.1 USB connected pens
     7.2.2 Bluetooth-enabled pens
  7.3 First Generation Pens 8 Global Smart Insulin Pens Market, By Distribution Channel
  8.1 Introduction
  8.2 Ambulatory Surgical Centers
  8.3 Home Care Settings
  8.4 Hospitals & Clinics
  8.5 Retail Pharmacies
  8.6 e-Commerce 9 Global Smart Insulin Pens Market, By Fabrication
  9.1 Introduction
  9.2 Plastic
  9.3 Metal 10 Global Smart Insulin Pens Market, By Technology
  10.1 Introduction
  10.2 Bluetooth
  10.3 Jet Injectors
  10.4 Spring loaded 11 Global Smart Insulin Pens Market, By Geography
  11.1 Introduction
  11.2 North America
     11.2.1 US
     11.2.2 Canada
     11.2.3 Mexico
  11.3 Europe
     11.3.1 Germany
     11.3.2 UK
     11.3.3 Italy
     11.3.4 France
     11.3.5 Spain
     11.3.6 Rest of Europe
  11.4 Asia Pacific
     11.4.1 Japan
     11.4.2 China
     11.4.3 India
     11.4.4 Australia
     11.4.5 New Zealand
     11.4.6 South Korea
     11.4.7 Rest of Asia Pacific
  11.5 South America
     11.5.1 Argentina
     11.5.2 Brazil
     11.5.3 Chile
     11.5.4 Rest of South America
  11.6 Middle East & Africa
     11.6.1 Saudi Arabia
     11.6.2 UAE
     11.6.3 Qatar
     11.6.4 South Africa
     11.6.5 Rest of Middle East & Africa 12 Key Developments
  12.1 Agreements, Partnerships, Collaborations and Joint Ventures
  12.2 Acquisitions & Mergers
  12.3 New Product Launch
  12.4 Expansions
  12.5 Other Key Strategies 13 Company Profiling
  13.1 Companion Medical Inc
  13.2 Digital Medics Ptd Ltd
  13.3 Eli Lilly and Company
  13.4 Novo Nordisk A/S
  13.5 DIAMESCO
  13.6 Roche
  13.7 Insulet
  13.8 Cardiocomm Solutions
  13.9 BioSampling
  13.10 Megasan Medical
  13.11 Emperra GmbH E-Health Technologies
  13.12 Nipro
     13.13 Jiangsu Delfu medical device Co.,Ltd
  13.14 Sanofi Diabetes List of Tables
1 Global Smart Insulin Pens Market Outlook, By Region (2014-2023) ($MN)
2 Global Smart Insulin Pens Market Outlook, By Usability (2014-2023) ($MN)
3 Global Smart Insulin Pens Market Outlook, By Reusable Pens (2014-2023) ($MN)
4 Global Smart Insulin Pens Market Outlook, By Pre-Filled Pens (2014-2023) ($MN)
5 Global Smart Insulin Pens Market Outlook, By Indication (2014-2023) ($MN)
6 Global Smart Insulin Pens Market Outlook, By Diabetes Type I (2014-2023) ($MN)
7 Global Smart Insulin Pens Market Outlook, By Diabetes Type II (2014-2023) ($MN)
8 Global Smart Insulin Pens Market Outlook, By Type (2014-2023) ($MN)
9 Global Smart Insulin Pens Market Outlook, By Second Generation Pens (2014-2023) ($MN)
10 Global Smart Insulin Pens Market Outlook, By USB connected pens (2014-2023) ($MN)
11 Global Smart Insulin Pens Market Outlook, By Bluetooth-enabled pens (2014-2023) ($MN)
12 Global Smart Insulin Pens Market Outlook, By First Generation Pens (2014-2023) ($MN)
13 Global Smart Insulin Pens Market Outlook, By Distribution Channel (2014-2023) ($MN)
14 Global Smart Insulin Pens Market Outlook, By Ambulatory Surgical Centers (2014-2023) ($MN)
15 Global Smart Insulin Pens Market Outlook, By Home Care Settings (2014-2023) ($MN)
16 Global Smart Insulin Pens Market Outlook, By Hospitals & Clinics (2014-2023) ($MN)
17 Global Smart Insulin Pens Market Outlook, By Retail Pharmacies (2014-2023) ($MN)
18 Global Smart Insulin Pens Market Outlook, By e-Commerce (2014-2023) ($MN)
19 Global Smart Insulin Pens Market Outlook, By Fabrication (2014-2023) ($MN)
20 Global Smart Insulin Pens Market Outlook, By Plastic (2014-2023) ($MN)
21 Global Smart Insulin Pens Market Outlook, By Metal (2014-2023) ($MN)
22 Global Smart Insulin Pens Market Outlook, By Technology (2014-2023) ($MN)
23 Global Smart Insulin Pens Market Outlook, By Bluetooth (2014-2023) ($MN)
24 Global Smart Insulin Pens Market Outlook, By Jet Injectors (2014-2023) ($MN)
25 Global Smart Insulin Pens Market Outlook, By Spring loaded (2014-2023) ($MN)
26 North America Smart Insulin Pens Market Outlook, By Country (2014-2023) ($MN)
27 North America Smart Insulin Pens Market Outlook, By Usability (2014-2023) ($MN)
28 North America Smart Insulin Pens Market Outlook, By Reusable Pens (2014-2023) ($MN)
29 North America Smart Insulin Pens Market Outlook, By Pre-Filled Pens (2014-2023) ($MN)
30 North America Smart Insulin Pens Market Outlook, By Indication (2014-2023) ($MN)
31 North America Smart Insulin Pens Market Outlook, By Diabetes Type I (2014-2023) ($MN)
32 North America Smart Insulin Pens Market Outlook, By Diabetes Type II (2014-2023) ($MN)
33 North America Smart Insulin Pens Market Outlook, By Type (2014-2023) ($MN)
34 North America Smart Insulin Pens Market Outlook, By Second Generation Pens (2014-2023) ($MN)
35 North America Smart Insulin Pens Market Outlook, By USB connected pens (2014-2023) ($MN)
36 North America Smart Insulin Pens Market Outlook, By Bluetooth-enabled pens (2014-2023) ($MN)
37 North America Smart Insulin Pens Market Outlook, By First Generation Pens (2014-2023) ($MN)
38 North America Smart Insulin Pens Market Outlook, By Distribution Channel (2014-2023) ($MN)
39 North America Smart Insulin Pens Market Outlook, By Ambulatory Surgical Centers (2014-2023) ($MN)
40 North America Smart Insulin Pens Market Outlook, By Home Care Settings (2014-2023) ($MN)
41 North America Smart Insulin Pens Market Outlook, By Hospitals & Clinics (2014-2023) ($MN)
42 North America Smart Insulin Pens Market Outlook, By Retail Pharmacies (2014-2023) ($MN)
43 North America Smart Insulin Pens Market Outlook, By e-Commerce (2014-2023) ($MN)
44 North America Smart Insulin Pens Market Outlook, By Fabrication (2014-2023) ($MN)
45 North America Smart Insulin Pens Market Outlook, By Plastic (2014-2023) ($MN)
46 North America Smart Insulin Pens Market Outlook, By Metal (2014-2023) ($MN)
47 North America Smart Insulin Pens Market Outlook, By Technology (2014-2023) ($MN)
48 North America Smart Insulin Pens Market Outlook, By Bluetooth (2014-2023) ($MN)
49 North America Smart Insulin Pens Market Outlook, By Jet Injectors (2014-2023) ($MN)
50 North America Smart Insulin Pens Market Outlook, By Spring loaded (2014-2023) ($MN)
51 Europe Smart Insulin Pens Market Outlook, By Country (2014-2023) ($MN)
52 Europe Smart Insulin Pens Market Outlook, By Usability (2014-2023) ($MN)
53 Europe Smart Insulin Pens Market Outlook, By Reusable Pens (2014-2023) ($MN)
54 Europe Smart Insulin Pens Market Outlook, By Pre-Filled Pens (2014-2023) ($MN)
55 Europe Smart Insulin Pens Market Outlook, By Indication (2014-2023) ($MN)
56 Europe Smart Insulin Pens Market Outlook, By Diabetes Type I (2014-2023) ($MN)
57 Europe Smart Insulin Pens Market Outlook, By Diabetes Type II (2014-2023) ($MN)
58 Europe Smart Insulin Pens Market Outlook, By Type (2014-2023) ($MN)
59 Europe Smart Insulin Pens Market Outlook, By Second Generation Pens (2014-2023) ($MN)
60 Europe Smart Insulin Pens Market Outlook, By USB connected pens (2014-2023) ($MN)
61 Europe Smart Insulin Pens Market Outlook, By Bluetooth-enabled pens (2014-2023) ($MN)
62 Europe Smart Insulin Pens Market Outlook, By First Generation Pens (2014-2023) ($MN)
63 Europe Smart Insulin Pens Market Outlook, By Distribution Channel (2014-2023) ($MN)
64 Europe Smart Insulin Pens Market Outlook, By Ambulatory Surgical Centers (2014-2023) ($MN)
65 Europe Smart Insulin Pens Market Outlook, By Home Care Settings (2014-2023) ($MN)
66 Europe Smart Insulin Pens Market Outlook, By Hospitals & Clinics (2014-2023) ($MN)
67 Europe Smart Insulin Pens Market Outlook, By Retail Pharmacies (2014-2023) ($MN)
68 Europe Smart Insulin Pens Market Outlook, By e-Commerce (2014-2023) ($MN)
69 Europe Smart Insulin Pens Market Outlook, By Fabrication (2014-2023) ($MN)
70 Europe Smart Insulin Pens Market Outlook, By Plastic (2014-2023) ($MN)
71 Europe Smart Insulin Pens Market Outlook, By Metal (2014-2023) ($MN)
72 Europe Smart Insulin Pens Market Outlook, By Technology (2014-2023) ($MN)
73 Europe Smart Insulin Pens Market Outlook, By Bluetooth (2014-2023) ($MN)
74 Europe Smart Insulin Pens Market Outlook, By Jet Injectors (2014-2023) ($MN)
75 Europe Smart Insulin Pens Market Outlook, By Spring loaded (2014-2023) ($MN)
76 Asia Pacific Smart Insulin Pens Market Outlook, By Country (2014-2023) ($MN)
77 Asia Pacific Smart Insulin Pens Market Outlook, By Usability (2014-2023) ($MN)
78 Asia Pacific Smart Insulin Pens Market Outlook, By Reusable Pens (2014-2023) ($MN)
79 Asia Pacific Smart Insulin Pens Market Outlook, By Pre-Filled Pens (2014-2023) ($MN)
80 Asia Pacific Smart Insulin Pens Market Outlook, By Indication (2014-2023) ($MN)
81 Asia Pacific Smart Insulin Pens Market Outlook, By Diabetes Type I (2014-2023) ($MN)
82 Asia Pacific Smart Insulin Pens Market Outlook, By Diabetes Type II (2014-2023) ($MN)
83 Asia Pacific Smart Insulin Pens Market Outlook, By Type (2014-2023) ($MN)
84 Asia Pacific Smart Insulin Pens Market Outlook, By Second Generation Pens (2014-2023) ($MN)
85 Asia Pacific Smart Insulin Pens Market Outlook, By USB connected pens (2014-2023) ($MN)
86 Asia Pacific Smart Insulin Pens Market Outlook, By Bluetooth-enabled pens (2014-2023) ($MN)
87 Asia Pacific Smart Insulin Pens Market Outlook, By First Generation Pens (2014-2023) ($MN)
88 Asia Pacific Smart Insulin Pens Market Outlook, By Distribution Channel (2014-2023) ($MN)
89 Asia Pacific Smart Insulin Pens Market Outlook, By Ambulatory Surgical Centers (2014-2023) ($MN)
90 Asia Pacific Smart Insulin Pens Market Outlook, By Home Care Settings (2014-2023) ($MN)
91 Asia Pacific Smart Insulin Pens Market Outlook, By Hospitals & Clinics (2014-2023) ($MN)
92 Asia Pacific Smart Insulin Pens Market Outlook, By Retail Pharmacies (2014-2023) ($MN)
93 Asia Pacific Smart Insulin Pens Market Outlook, By e-Commerce (2014-2023) ($MN)
94 Asia Pacific Smart Insulin Pens Market Outlook, By Fabrication (2014-2023) ($MN)
95 Asia Pacific Smart Insulin Pens Market Outlook, By Plastic (2014-2023) ($MN)
96 Asia Pacific Smart Insulin Pens Market Outlook, By Metal (2014-2023) ($MN)
97 Asia Pacific Smart Insulin Pens Market Outlook, By Technology (2014-2023) ($MN)
98 Asia Pacific Smart Insulin Pens Market Outlook, By Bluetooth (2014-2023) ($MN)
99 Asia Pacific Smart Insulin Pens Market Outlook, By Jet Injectors (2014-2023) ($MN)
100 Asia Pacific Smart Insulin Pens Market Outlook, By Spring loaded (2014-2023) ($MN)
101 South America Smart Insulin Pens Market Outlook, By Country (2014-2023) ($MN)
102 South America Smart Insulin Pens Market Outlook, By Usability (2014-2023) ($MN)
103 South America Smart Insulin Pens Market Outlook, By Reusable Pens (2014-2023) ($MN)
104 South America Smart Insulin Pens Market Outlook, By Pre-Filled Pens (2014-2023) ($MN)
105 South America Smart Insulin Pens Market Outlook, By Indication (2014-2023) ($MN)
106 South America Smart Insulin Pens Market Outlook, By Diabetes Type I (2014-2023) ($MN)
107 South America Smart Insulin Pens Market Outlook, By Diabetes Type II (2014-2023) ($MN)
108 South America Smart Insulin Pens Market Outlook, By Type (2014-2023) ($MN)
109 South America Smart Insulin Pens Market Outlook, By Second Generation Pens (2014-2023) ($MN)
110 South America Smart Insulin Pens Market Outlook, By USB connected pens (2014-2023) ($MN)
111 South America Smart Insulin Pens Market Outlook, By Bluetooth-enabled pens (2014-2023) ($MN)
112 South America Smart Insulin Pens Market Outlook, By First Generation Pens (2014-2023) ($MN)
113 South America Smart Insulin Pens Market Outlook, By Distribution Channel (2014-2023) ($MN)
114 South America Smart Insulin Pens Market Outlook, By Ambulatory Surgical Centers (2014-2023) ($MN)
115 South America Smart Insulin Pens Market Outlook, By Home Care Settings (2014-2023) ($MN)
116 South America Smart Insulin Pens Market Outlook, By Hospitals & Clinics (2014-2023) ($MN)
117 South America Smart Insulin Pens Market Outlook, By Retail Pharmacies (2014-2023) ($MN)
118 South America Smart Insulin Pens Market Outlook, By e-Commerce (2014-2023) ($MN)
119 South America Smart Insulin Pens Market Outlook, By Fabrication (2014-2023) ($MN)
120 South America Smart Insulin Pens Market Outlook, By Plastic (2014-2023) ($MN)
121 South America Smart Insulin Pens Market Outlook, By Metal (2014-2023) ($MN)
122 South America Smart Insulin Pens Market Outlook, By Technology (2014-2023) ($MN)
123 South America Smart Insulin Pens Market Outlook, By Bluetooth (2014-2023) ($MN)
124 South America Smart Insulin Pens Market Outlook, By Jet Injectors (2014-2023) ($MN)
125 South America Smart Insulin Pens Market Outlook, By Spring loaded (2014-2023) ($MN)
126 Middle East and Africa Smart Insulin Pens Market Outlook, By Country (2014-2023) ($MN)
127 Middle East and Africa Smart Insulin Pens Market Outlook, By Usability (2014-2023) ($MN)
128 Middle East and Africa Smart Insulin Pens Market Outlook, By Reusable Pens (2014-2023) ($MN)
129 Middle East and Africa Smart Insulin Pens Market Outlook, By Pre-Filled Pens (2014-2023) ($MN)
130 Middle East and Africa Smart Insulin Pens Market Outlook, By Indication (2014-2023) ($MN)
131 Middle East and Africa Smart Insulin Pens Market Outlook, By Diabetes Type I (2014-2023) ($MN)
132 Middle East and Africa Smart Insulin Pens Market Outlook, By Diabetes Type II (2014-2023) ($MN)
133 Middle East and Africa Smart Insulin Pens Market Outlook, By Type (2014-2023) ($MN)
134 Middle East an