Globally, emerging technologies in the insulin drug and
delivery field have shown potential in the diabetes market, with enhanced
glucose control, along with well-accepted newer delivery methods. Contemporary
industries, market players and research institutes have begun to explore novel
methods for diabetes control in adults, leading to a steady market growth for
these technologies.
Research and development spending, patent expiries,
increasing competition and emerging technologies are expected to support the
growth of this market. Technological advancements, new product launches,
increased awareness and early detection of the disease have further influenced
the market to develop in the foreseeable future.
The global market for insulin drug and delivery devices
was estimated at USD 24.12 billion in 2012. Further the overall insulin drug
and device market reached USD 25.72 billion by 2013 and is expected to grow at
a CAGR of 9.6% from 2013 to 2019.
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