Insulin Delivery Devices Market Size

Insulin Delivery Devices Market Future Prospects

The global insulin delivery devices market size will stand at an estimated USD 21.4 billion in 2024, which is expected to reach USD 39.7 billion in 2030, at a CAGR of 10.8% from 2024 to 2030. The market growth can be attributed to the technological advancements in diabetes care, rise in the diabetic population, and increase in the awareness about these devices.

The number of diabetic patients is increasing at a speedy rate worldwide. According to the International Diabetes Federation (IDF), in 2021, 537 million people aged 20–79 years had diabetes, and this number is projected to reach 643 million by 2030 and 783.2 million by 2045, globally.

The increasing pool of patients who require daily administration of insulin has led to a shift in the preference toward patient-friendly self-administration devices, such as pens and pumps. Additionally, the rise in the number of diabetic patients is being seen not only in developed countries, but also in emerging economies. This is expected to fuel the demand for insulin delivery products, driven by the increasing awareness on new-age diabetes care devices.