Smart Insulin Pens Market Status and Forecast, by Players 2030
August 7, 2023 ⚊ 1 Min read ⚊ Views 35 ⚊ BLOG
The global Smart Insulin Pens Market has experienced significant growth in recent years, driven by increased demand for better diabetes management and advancements in technology. According to the latest market report, the market size of Smart Insulin Pens was USD 91.3 million in 2021, and it is projected to grow at a CAGR of 5.1 percent during the forecast period.
For More Industry Insight Read: https://www.fairfieldmarketresearch.com/report/smart-insulin-pens-market
One of the key factors contributing to the market’s growth is the alarming rise in diabetes cases worldwide. The International Diabetes Federation estimates that 537 million adults (20-79 years old) had diabetes in 2021, and this number is expected to reach 643 million by 2030 and 783 million by 2045. Obesity, sedentary lifestyles, and aging are major risk factors for diabetes, leading to a surge in the number of people with diabetes, especially in urban regions.
