Insulin Delivery Devices - Share, Trends, Size Analysis to 2020
Diabetes is a disease characterized by high blood sugar levels. It is caused by the improper functioning of the pancreas that secretes insulin. Insulin is a hormone that maintains blood sugar levels in the body and helps in the proper functioning of all cellular and physiological activities. Insulin delivery devices, such as insulin pens, pumps, syringes, and jet injectors, play a vital role in maintaining insulin levels in the body. Globally, insulin delivery devices market is growing rapidly due to increasing prevalence of diabetes and rising obese endemic. Additionally, advanced features of insulin delivery devices and rising awareness among people about diabetes care are also supporting in growth of the global insulin delivery devices market. The global insulin delivery devices market is estimated at USD 9,391.1 million in 2014 and is expected to grow at a CAGR of 7% from 2014 to 2020, to reach USD 14,093.3 million by 2020.
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