Smart Insulin Pens Market Volume Forecast and Value Chain Analysis 2016-2026

Diabetes is a metabolic disease in which a person is suffering from high blood sugar or high blood glucose owing to inadequate response to insulin by the body. Patients with high blood glucose will experience symptoms of frequent urination or polyuria, disproportionate thirst, fatigue, slow healing of wounds and intense hunger. According to National Health and Nutrition Examination Survey 2012, around 11.2 million people aged 65 and above are suffering from diabetes which account for 26% of the U.S. population. There are various treatments available to overcome diabetes. Insulin pens are alternative to traditional syringe method to inject insulin. Moving towards the advanced high-technology for managing diabetes condition new feature is added to smart insulin pen devices with inbuilt Bluetooth feature in insulin pens which enables patients to track their doses, send alerts and reminders, and can transfer the insulin data to a smartphone. In addition to that, a smartphone app is also developed and are compatible with other Bluetooth devices which help in sharing the data for the most complete picture of blood sugar level for patients who prefer latest technology solution and immediate data for self-management. Smart insulin pens also help in transfer the insulin data wirelessly and made visible to physicians and patients who want an easy solution and still not willing to use smartphones or other devices.

Smart Insulin Pens Market: Drivers and Restraints

Smart insulin pens market is witnessing a maximum growth owing to increase in prevalence of diabetes among geriatric population, technology advancement in insulin delivery, accuracy with the device and awareness about diabetes care. Also, the surge in the adoption of smartphones to have data available at every point of time that simplify the treatment leads to the surge in mobile health technologies and services is expected to expand the smart insulin pens market during the forecast period. However, the cost of...