A Global Business Intelligence Research report estimates the global insulin delivery devices market to be valued at $13.8 billion by 2019, growing at a compound annual growth rate of 7 percent.
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.
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