According to a new report published by Allied Market Research, titled, โContinuous Subcutaneous Insulin Infusion Market: Global Opportunity Analysis and Industry Forecast 2020-2027โ Continuous subcutaneous insulin infusion is very effective for the implementation of management of intensive diabetes to attain a normal level of glucose in the blood and for the betterment of lifestyles. When medical devices or drugs are concerned, people and the staff need to be aware of the disease and the nature of insulin pump therapy. Therefore, need and preparation for the management of the therapies are required. CSII should be implemented, followed, and prescribed by various professionals. There are various factors considered while selecting insulin pumps, which mainly include the durability of the pump, safety, training procedures provided by suppliers, easy usage, and application. Furthermore, insulin pump therapies are followed on a large scale and are generally recommended as they are very safe similar to the multiple-injection therapy.
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COVID-19 Scenario Analysis:
- Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicines supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs, such as hydroxychloroquine, have witnessed a dramatic surge in demand for the management of COVID-19.
- Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs as many developed countries are short of these drugs. The pharmaceutical and biotechnology industries are expected to witness a significant growth in the future, owing to the demand for vaccine and treatment drugs for COVID-19.
- Attributed to such factors, COVID-19 is expected to have a significant impact on the market.
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Hospitals, homecare, and laboratories are the major consumers of the continuous subcutaneous insulin infusion market. Amongst them, hospitals are the biggest end-users in the market. This is mainly due to the significant rise in hospitals and increase in investments in the hospital sector for the treatment of diabetes.
Furthermore, the home care sector is also increasing at a substantial rate. This is attributed to the rise in acceptance of insulin pumps and awareness of blood glucose level management. Additionally, increase in initiatives and policies by governments to create awareness for devices and the significant rise in patients’ count who consume insulin on a daily basis also help in the growth of the market.
The report provides an extensive competitive analysis and profiles of the key market players such as Medtronic Inc, Tandem Diabetes Care, CeQur, F Hoffmann-La Roche, Insulet Corporation, Ypsomed, Sooil Development, Cellenovo, and Valeritas Inc.
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๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ:
- This study presents the analytical depiction of the continuous subcutaneous insulin infusion market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the continuous subcutaneous insulin infusion market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the continuous subcutaneous insulin infusion market growth scenario.
- Porterโs five forces analysis illustrates the potency of buyers & suppliers in the continuous subcutaneous insulin infusion market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
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