Smart Insulin Pens - Global Market Outlook (2017-2023)

Smart Insulin Pens - Global Market Outlook (2017-2023)

  • Published: November 2017
  • ID: SMRC16816

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

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) ($MN)
134 Middle East and Africa Smart Insulin Pens Market Outlook, By Second Generation Pens (2014-2023) ($MN)
135 Middle East and Africa Smart Insulin Pens Market Outlook, By USB connected pens (2014-2023) ($MN)
136 Middle East and Africa Smart Insulin Pens Market Outlook, By Bluetooth-enabled pens (2014-2023) ($MN)
137 Middle East and Africa Smart Insulin Pens Market Outlook, By First Generation Pens (2014-2023) ($MN)
138 Middle East and Africa Smart Insulin Pens Market Outlook, By Distribution Channel (2014-2023) ($MN)
139 Middle East and Africa Smart Insulin Pens Market Outlook, By Ambulatory Surgical Centers (2014-2023) ($MN)
140 Middle East and Africa Smart Insulin Pens Market Outlook, By Home Care Settings (2014-2023) ($MN)
141 Middle East and Africa Smart Insulin Pens Market Outlook, By Hospitals & Clinics (2014-2023) ($MN)
142 Middle East and Africa Smart Insulin Pens Market Outlook, By Retail Pharmacies (2014-2023) ($MN)
143 Middle East and Africa Smart Insulin Pens Market Outlook, By e-Commerce (2014-2023) ($MN)
144 Middle East and Africa Smart Insulin Pens Market Outlook, By  Fabrication (2014-2023) ($MN)
145 Middle East and Africa Smart Insulin Pens Market Outlook, By Plastic (2014-2023) ($MN)
146 Middle East and Africa Smart Insulin Pens Market Outlook, By Metal (2014-2023) ($MN)
147 Middle East and Africa Smart Insulin Pens Market Outlook, By Technology (2014-2023) ($MN)
148 Middle East and Africa Smart Insulin Pens Market Outlook, By Bluetooth (2014-2023) ($MN)
149 Middle East and Africa Smart Insulin Pens Market Outlook, By Jet Injectors (2014-2023) ($MN)
150 Middle East and Africa Smart Insulin Pens Market Outlook, By Spring loaded (2014-2023) ($MN)

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