Cover Corona Outbreak Impact: Needle-Free Diabetes Management Market is expected to Boom in Coming Y

According to P&S Intelligence, the market revenue will surge from $3,830.6 million in 2016 to $16.8 billion by 2025.

Factors such as the soaring prevalence of diabetes and the surging awareness about safety issues associated with the use of needles will drive the needle-free diabetes management market at a CAGR of 17.8% during the forecast period (2017�"2025).Needle-free diabetes management refers to the diagnosis, monitoring, and treatment of diabetes without using needles. Needle-free diabetes management devices are used for monitoring blood sugar levels and injecting insulin in diabetic patients.

Browse In-depth Needle-Free Diabetes Management Market Research Report

Moreover, the escalating awareness about safety issues associated with needles will also complement the needle-free diabetes management market growth in the upcoming years. As needle stick injuries caused during insulin intake can result in the transmission of blood-borne pathogens, which cause fear, anxiety and emotional distress in diabetic patients and medical professionals, people across the world are increasingly opting for needle-free diabetes management solutions. As wounds take a long time to heal in diabetic patients, healthcare professionals are prescribing needle-free solutions for them.

The type segment of the needle-free diabetes management market is categorized into diagnostic device, treatment device, and artificial pancreas. Treatment devices are used for administering insulin to diabetic patients, while, diagnostic devices are used for monitoring blood sugar levels without needles. Whereas, artificial pancreas is created to automatically monitor blood glucose levels by functioning as a healthy pancreas. Under this segment, the artificial pancreas category will demonstrate the fastest growth, whereas the treatment device category will account for the largest market share in the forecast years.

Therefore, the rising cases of diabetes and surging awareness about safety issues associated with needles will supplement the market growth in the upcoming years.