North America Insulin Delivery Devices Market Size & Outlook
North America insulin delivery devices market, 2018-2030 (US$M)
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North America insulin delivery devices market highlights
- The North America insulin delivery devices market generated a revenue of USD 6,690.6 million in 2023.
- The market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, insulin pens was the largest revenue generating product in 2023.
- Insulin Pumps is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 6,690.6 million |
| Market revenue in 2030 | USD 11,278.3 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Insulin pens |
| Fastest growing segment | Insulin Pumps |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Insulin Pens, Insulin Pumps, Insulin Pen Needles, Insulin Syringes |
| Key market players worldwide | Novo Nordisk A/S ADR, Sanofi SA, Eli Lilly and Co, Ypsomed Holding AG, Medtronic PLC, Abbott Laboratories, Roche, Biocon, Wockhardt |
Other key industry trends
- In terms of revenue, North America region accounted for 40.7% of the global insulin delivery devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,414.2 million by 2030.
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Insulin Delivery Devices Market Scope
Insulin Delivery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America insulin delivery devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to insulin delivery devices market will help companies and investors design strategic landscapes.
Insulin pens was the largest segment with a revenue share of 43.63% in 2023. Horizon Databook has segmented the North America insulin delivery devices market based on insulin pens, insulin pumps, insulin pen needles, insulin syringes covering the revenue growth of each sub-segment from 2018 to 2030.
In 2023, North America dominated the insulin delivery devices market, accounting for the largest share of 40.73% and is expected to maintain its dominance during the forecast period. Some key factors contributing to the region’s growth are the increasing geriatric population, the growing burden of diabetes due to lifestyle changes, the rising prevalence of obesity, and high treatment costs.
Furthermore, according to the American Diabetes Association, in 2021, North America and the Caribbean Region had the highest expenditure for diabetes of around USD 415 billion, which accounted for around 43% of global expenditure.
Furthermore, the adoption of smart insulin delivery devices and technologically advanced devices, such as the use of Artificial Intelligence (AI) & data analytics, are driving market growth. Moreover, according to the International Diabetes Federation, one in eight adults suffers from impaired blood glucose tolerance. This ratio is expected to increase further during the forecast period.
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Our clientele includes a mix of insulin delivery devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America insulin delivery devices market , including forecasts for subscribers. This continent databook contains high-level insights into North America insulin delivery devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America insulin delivery devices market size, by country, 2018-2030 (US$M)
North America Insulin Delivery Devices Market Outlook Share, 2023 & 2030 (US$M)
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