The global insulin management systems market is set to grow at a compound annual growth rate (CAGR) of 12%, due to increase in prevalence of diabetes, including type-I diabetes, according to new analysis from Frost & Sullivan - World Insulin Management Systems Market.
Insulin management systems comprise insulin pumps and continuous glucose monitors.
The analysis has found that developments in continuous glucose monitoring technology and its integration into insulin pumps have ushered in a new era in insulin therapy.
It said the advent of insulin management systems is set to support the global diabetes therapeutics and diagnostics market.
According to the analysis, the expansion of the diabetes solutions market will result in the growth of related markets such as the specialty foods market, the testing equipment and delivery devices market.