Published by Coherent Market Insights
Posted on September 27, 2021
4 min readLast updated: February 2, 2026
The smart insulin pen market is growing due to rising diabetes cases. Key players include Digital Medics and Novo Nordisk, with North America seeing high demand.
A smart insulin pen is a Bluetooth-enabled wireless device with an intuitive smartphone app that can help people with diabetes to manage insulin delivery. Insulin is an important compound for the management of diabetes, especially for type 2 diabetes. Smart insulin pens track critical data such as date, time, and the amount of insulin to offer safe/efficient diabetes management. The major factor driving the growth of the smart insulin pen market is the increasing prevalence of diabetes around the world. According the International Diabetes Federation (IDF), in 2019, around 463 million adults (aged 20 to 79 years) were living with diabetes, and this number is expected to reach 700 million by 2045.
Key participants for business development are Digital Medics Pty. Ltd., Emperra GmbH E-Health Technologies, Novo Nordisk, and Companion Medical Inc.
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This in turn is expected to increase the demand for smart insulin pens, driving the growth of the smart insulin pens market. Prevalence has been rising more rapidly in low- and middle-income countries than in high-income countries. According to the World Health Organization (WHO), in 2019, an estimated 1.5 million deaths were directly caused by diabetes. Moreover, the proportion of people with type 2 diabetes is also increasing rapidly worldwide. Generally, one unit of insulin is needed to drop the blood glucose by 50 mg/dl. This drop range from 30-100 mg/dl or more, depending on individual insulin sensitivities, and other circumstances.
In North America, diabetes cases have increased in the past few years. According to the Centers for Disease Control and Prevention (CDC), in 2018, around 34.2 million people, or 10.5% of the U.S. population, have diabetes, while around 26.8 million people (10.2% of the population) had diagnosed diabetes. Thus, there is an increasing demand for smart insulin pen in this region. In November 2020, Medtronic launched InPen integrated with real-time Guardian Connect CGM data. InPen is the first and only FDA (the Food and Drug Administration) approved smart insulin pen on the market for people on multiple daily injections (MDI). This in turn is expected to accelerate the growth of the smart insulin pen market in North America.
Market players are focused on increasing the availability of Bluetooth-connected smart insulin pens, including both Android and Apple operating systems. Moreover, the treatment for type-2 diabetes is expected to witness a significant incline, thus generating demand in the segment. However, the availability of substitute products, such as smart insulin patches, and the lack of adoption of smart insulin pen, especially in emerging economies, are some of the major factors restraining the growth of the smart insulin pen market.
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Current and future of global Smart Insulin Pen market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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Years Considered to Estimate the Smart Insulin Pen Market Size:
History Year: 2016-2020
Base Year: 2020
Forecast Year: 2021-2028
Important Features and Key Highlights of the Market:-
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The post Smart Insulin Pen Market by Current Trends, SWOT and Regional Analysis Forecast till 2028 | Digital Medics Pty. Ltd., Emperra GmbH E-Health Technologies, Novo Nordisk appeared first on Gatorledger.
The article discusses the smart insulin pen market, focusing on trends, growth drivers, and regional analysis.
The market is growing due to the increasing prevalence of diabetes and advancements in diabetes management technology.
Challenges include the availability of substitute products and low adoption rates in emerging economies.
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