The market was valued at $8.78 billion in 2012.
The high prevalence of diabetes and an increasing preference for insulin pumps is contributing to the growth in the market, according to the report.
In 2013, approximately 382 million people had diabetes, and that number is expected to increase 55 percent by 2035, reaching approximately 591 million, according to GBI Research.
More Articles on the Medical Device Market:
Cardiovascular Information System Market to Reach $233M by 2018
What the Increase in Device Recalls Means for Hospitals
Baxter to Create Global Biopharmaceutical, Medical Product Companies
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
