Alternatives For Injectable Diabetes Care Market 2022 Outlook, Current and Future Industry Landscape Analysis 2026

Furthermore, rising adoption of technologically advanced products such as artificial pancreas and insulin pumps are expected to drive the growth of the global alternatives for injectable diabetes care market between 2016 and 2026. However, the high cost of technologically advanced products compared to injectable diabetes care products may be a barrier to the growth of the injectable diabetes care market.

Diabetes, also known as diabetes mellitus, is a group of metabolic disorders characterised by a persistently elevated blood sugar level. The pancreas is either unable to produce insulin (glucose metabolising hormone) or the body is unable to utilise the produced insulin (development of insulin resistance) to metabolise blood sugar in this disorder. Diabetes is one of the world’s most serious health issues, affecting more than 5% of the population in developed countries.

Furthermore, diabetes prevalence rises in emerging economies as lifestyles change. Diabetes diagnoses are increasing at a rate of 5% per year, according to estimates. Thus, one of the major factors driving the growth of the diabetes care market is the rapidly increasing prevalence of diabetes around the world.

Diabetes care products that do not require injections, such as insulin pumps and artificial pancreas, assist patients in managing diabetes treatment efficiently and without the need for doctor assistance. Furthermore, because of the improved outcomes associated with the use of these alternatives to injection devices, there is a growing awareness of their use among both physicians and patients.

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Alternatives for Injectable Diabetes Care Market: Drivers and RestraintsThe growing number of diabetic patients worldwide is driving demand for diabetes monitoring, diagnostic, and insulin delivery devices and drugs, which will drive growth in the global alternative for injectable diabetes care market over the forecast period.

According to the International Diabetes Federation (IDF), approximately 382 million people worldwide suffered from diabetes in 2013, with this figure expected to rise to 592 million by the end of 2035. Furthermore, needle phobia and an increase in needle stick injuries are driving the preference for alternative diabetes injection devices.

Alternatives for Injectable Diabetes Care Market: OverviewIncreased efficiency with fewer side effects, as well as ongoing research on improving the quality of diabetes care for continence, are expected to create appealing growth opportunities for the global market for injectable diabetes care alternatives. In terms of value, insulin pumps are expected to dominate the market during the forecast period.

In terms of revenue, the hospitals pharmacy distribution channels segment is expected to hold the largest market share in the global market for alternative injectable diabetes care products.

Alternatives for Injectable Diabetes Care Market: Regional OverviewThe global market for injectable diabetes care alternatives is divided into six regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, the Middle East, and Africa. Because of a high adoption rate of advanced technological products, North America dominated the global market for alternative for injectable diabetes care products in terms of value and volume.

In the forecast period from 2016 to 2026, Western Europe, Japan, and Asia Pacific excluding Japan are expected to drive demand for the global alternative for injectable diabetes care products at a rapid pace.

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Alternatives for Injectable Diabetes Care Market: Key PlayersAnimas Corporation, F. Hoffmann-La Roche AG, Insulet Corporation, Medtronic plc, Valeritas, Inc., and others are among the key players in the global alternatives for injectable diabetes care market. The majority of insulin pump product providers are adopting the strategy of selling these products through e-commerce, so that buyers can browse the products based on their needs.

Alternatives for Injectable Diabetes Care Market: SegmentationThe global alternatives for injectable diabetes care market is classified on the basis of product type, distribution channel and geography.

Based on product type, the global alternatives for injectable diabetes care market is segmented into the following:

• Insulin Pumps
• Untethered insulin pumps
• Implantable insulin pump
• Tethered insulin pumps
• Artificial Pancreas
• Insulin Patches

Based on distribution channel, the global alternatives for injectable diabetes care market is segmented into the following:

• Hospital Pharmacy
• Retail Pharmacy
• Online Sales
• Diabetes Clinics/ Centers

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