Growing Prevalence of Diabetes to Grow Sales of Insulin Delivery Systems
A new report says the growing prevalence of type 1 and type 2 diabetes is ensuring rapid growth for insulin management systems.
The growing prevalence of type 1 and type 2 diabetes is ensuring rapid growth for insulin management systems (comprising insulin pumps and continuous glucose monitors), says a new report from Frost & Sullivan.
The World Insulin Management Systems Market report finds that the global diabetes therapy and diagnostic market was worth US$41bn in 2009. Within this the global insulin management systems market was valued at US$1.01bn in 2009 and is growing at a compound annual growth rate of 12%, triggered by advances in continuous glucose monitoring (CGM) technology and its integration into insulin pumps.
The World Diabetes Foundation estimates that there will be 438 million people with diabetes by 2030. However, F&S says a large number of diabetics remain undiag
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