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The Global Insulin Storage Devices Market is estimated to be USD 762.53 Mn in 2020 and is expected to reach USD 1.15 Bn by 2025, growing at a CAGR of 8.7%.
Market Dynamics
Key factors such as the high prevalence of diabetes that has led to the demand for reducing the costs associated with regular insulin injections especially in Type 1 diabetic patients and the growing acceptance for insulin devices have helped drive the growth of the insulin storage devices market.
Similarly, the popularity of insulin pen devices and the growing need for preventive diabetic care management is likely to create potential opportunities for the market.