DUBLIN--(BUSINESS WIRE)--The "Global Smart Insulin Pens & Pumps Market (2022-2027) by Products, End-Users, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Smart Insulin Pens & Pumps Market is estimated to be USD 248.12 Mn in 2022 and is expected to reach USD 478.15 Mn by 2027, growing at a CAGR of 14.02%
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors.
There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing risks.
Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Smart Insulin Pens & Pumps Market. Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Smart Insulin Pens & Pumps Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Smart Insulin Pens & Pumps Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Market Dynamics
Drivers
- Increasing Awareness of Diabetic Management Tools
- Potential Demand for Convenient Patient Products
- Rapid Adoption of Smart Insulin Devices Coupled with Technology Advancements
Restraints
- Capital-Intensive Smart Insulin Devices
Opportunities
- Increasing Preference for Homecare Settings among Geriatric Populace Due to the Device Portability
- Emerging Products with Customization of Devices to Achieve Personal Goals for Diabetic Management
Challenges
- Lengthy and Strict Product Approval Process and Product Recall
Market Segmentation
The Global Smart Insulin Pens & Pumps Market is segmented based on Products, End-Users, and Geography.
- By Products, the market is classified into Smart Insulin Pens, and Smart Insulin Pumps.
- By End-Users, the market is classified into Homecare, Hospitals and Clinics, and Laboratories.
- By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.
Companies Mentioned
- Abbott Laboratories
- B. Braun Melsungen Ag
- Becton, Dickinson and Company
- Biocon, Ltd.
- DDM Health, Ltd
- Digital Medics Pty Ltd.
- Eli Lilly and Company
- Emperra Gmbh E-Health Technologies
- F. Hoffmann-La Roche, Ltd.
- Insulet Corp.
- Jingasu Delfu medical device Co., Ltd
- Johnson & Johnson Services, Inc
- MannKind Corp.
- Medtronic, PLC
- Novo Nordisk A/S
- Pendiq Intelligent Diabetes Care
- Sanofi S.A.
- SOOIL Development Co., Ltd.
- Tandem Diabetes Care, Inc.
- Ypsomed Holding
For more information about this report visit https://www.researchandmarkets.com/r/i8qol5
