The growth of the market is being caused by the surging geriatric population, the increasing population of obese people, and the growing incidence of chronic diseases across the world. Additionally, the rising public awareness about insulin delivery devices and rapid technological advancements in these devices are fueling the expansion of the market.

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Additionally, the organization also found that around 44% of the total diabetes cases reported across the globe are caused due to excess weight or obesity. Patients suffering from diabetes can administer insulin into their bodies with the help of different kinds of devices. When type is taken into consideration, the insulin delivery device market is classified into syringes, pens, and pumps. Amongst these, the pumps category is predicted to exhibit the fastest growth in the market in the upcoming years.

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Geographically, the insulin delivery device market is currently recording the highest growth in North America. Europe is the second-most lucrative market in the world. As per industry experts, the industry is predicted to surpass $4.0 billion valuation by 2022. The industry growth in this region is being driven by the soaring prevalence of various non-communicable diseases such as respiratory diseases, heart diseases, cancer, and diabetes. Moreover, the growing incidence of diabetes is also powering the market growth in this region.

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In the near future, the insulin delivery device market would exhibit the fastest growth in the Asia-Pacific (APAC) region, as per the estimates of P&S Intelligence, a market research firm based in India. The boom of the market in this region will be caused because of several factors such as the existence of a large number of diabetic patients, surging geriatric population, and the increasing awareness among the masses about infusion therapies.

This study covers
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders