Growing Aging Population Strengthening Needle-Free Diabetes Management Market
The surging awareness on the safety issues with needles,
growing aging population, and massive demand for needle-free treatment devices
are driving the growth of the needle-free diabetes management market. In 2016,
the market attained a size of $3,830.6 million, and it is predicted to generate
revenue of more than $16,800.0 million by 2025. Needle-free diabetes management
is a technique of monitoring, diagnosing, and treating a diabetic patient
without the use of needles. Such devices are adopted for monitoring the blood
glucose level and injecting insulin into diabetic patients.
On the basis of region, the needle-free
diabetes management market is classified into Asia-Pacific, Europe,
North America, and Rest of the World. Among these, during 2014–2016 (historical
period), North America led the market in terms of revenue, and it is projected
to continue leading it during 2017–2025, owing to the high prevalence of
diabetes, technological advancements, and positive government regulations. In
North America, due to the surging geriatric population and prevalence of
obesity, diabetes has become one of the major public health issues.
Furthermore, needle stick injuries during insulin
administration can lead to blood-borne pathogen transmission, which can further
cause fear, anxiety, and emotional distress in patients and healthcare workers.
With the use of needle-free diabetes management, the risk of needle stick
injuries can be eliminated. According to the World Health Organization, each
year contaminated injections cause around 1.3 million early deaths. As
needle-free diabetes management helps in reducing the number of deaths, it is
highly preferred by patients as well as healthcare providers, thereby leading
to the needle-free diabetes management market growth.
Hence, the surging aging population and safety associated
with needle-free diabetes management are projected to contribute to the
progress of the market during the forecast period.
Comments
Post a Comment