Europe Smart Insulin Pens Market Overview: 2025-2030
Base Year: 2024
Historical Years: 2020-23
Forecast Years: 2025-30
The Europe Smart Insulin Pens Market size was valued at around USD 109 million in 2024 and is projected to reach USD 223 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 12.21% during the forecast period, i.e., 2025-30. Major market growth drivers consist of rising diabetes prevalence and increasing inclination toward remote monitoring and digital health. Furthermore, Europe is highly impacted by the ever-increasing old-age population. The Organization for Economic Co-operation and Development (OECD) report from 2024 anticipates an incremental increase from 21% over the year 2023 to 29% in 2030 for the over 65 years of age population. This again nudges the growth prospects of the smart insulin pens market since chronic conditions like diabetes are quite frequently encountered in older populations, as advocated by multiple healthcare reports.
Markntel Advisor’s Europe Smart Insulin Pens Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Europe Smart Insulin Pens Market drivers, barriers, Europe Smart Insulin Pens Market Trends, and Key Players in Europe Smart Insulin Pens Market.
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Europe Smart Insulin Pens Market Dynamics: 2025-2030
Europe Smart Insulin Pens Market Driver
Increasing Occurrence of Diabetes Driving Market Growth – The region has registered a considerable growth in diabetic prevalence in the past decade. According to the World Health Organization (WHO), in 2021, at least 64 million adults and 300,000 children, and adolescents were suffering from diabetes. Moreover, this number for adults is anticipated to increase to 69 million by 2045.
Poor dietary habits of Europeans, coupled with insufficient physical exercise and extreme work and social stress, are major contributors to the surging occurrence of diabetes. Diabetes is also registering a spike owing to several genetic mutations, hormonal disorders, etc. Owing to the spike in the number of diabetes patients, consumers are inclining towards smart insulin pens to manage their diabetes at home, as the device is convenient, cost-effective, and provides efficient insulin delivery. The increasing disposable income is allowing consumers in the region to spend on smart healthcare devices.
The smart technology built into these pens allows patients to keep a routine track of their doses, along with getting reminders and personalized analysis of their history of doses. A proper track of insulin dosages and their regular intake helps in improving blood sugar levels. As the diabetes is well managed, the risk of severe fluctuations of blood glucose level reduces, thereby reducing the chance of hospitalization or sudden deaths due to diabetes. Hence, the demand for the smart insulin pen market will also increase in the forecast period and beyond.
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Europe Smart Insulin Pens Market (2025-30): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Type
- First Generation Pens- Market Size & Forecast 2020-2030, USD Million
- Second Generation Pens- Market Size & Forecast 2020-2030, USD Million
- By Application
- Type 1 Diabetes- Market Size & Forecast 2020-2030, USD Million
- Type 2 Diabetes- Market Size & Forecast 2020-2030, USD Million
- By Connectivity
- Bluetooth – Market Size & Forecast 2020-2030, USD Million
- Near Field Communication (NFC)- Market Size & Forecast 2020-2030, USD Million
- By Distribution Channel
- Hospital Pharmacies- Market Size & Forecast 2020-2030, USD Million
- Retail Stores- Market Size & Forecast 2020-2030, USD Million
- Online Pharmacies- Market Size & Forecast 2020-2030, USD Million
- By Country
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
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Top Companies Operating in the Europe Smart Insulin Pens Market:
- Novo Nordisk A/S
- Medtronic
- Emperra GmbH
- Pendiq
- Eli Lilly and Company
- Others
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