Italy Insulin Drugs And Delivery Devices Market Size (2024 - 2029)

Italy Insulin Drugs and Delivery Devices Market Analysis

The Italy Insulin Drugs And Delivery Devices Market size is estimated at USD 531.86 million in 2024, and is expected to reach USD 572.96 million by 2029, growing at a CAGR of 1.5% during the forecast period (2024-2029).

The insulin drugs and delivery devices market in Italy is experiencing significant growth, driven by the rising prevalence of diabetes and advancements in technology. According to the International Diabetes Federation (IDF), Italy's diabetic population is expected to increase from 4,470.3 thousand in 2021 to around 4,699.1 thousand by 2030.

Italy's National Healthcare Service (NHS) stands out for its commitment to universal healthcare, ensuring that citizens, especially those with diabetes (PwD), have unfettered access to essential medicines, devices, and medical services, all without incurring any out-of-pocket expenses. This robust system is further bolstered by the presence of numerous diabetes centers across the country, offering free treatment at the point of delivery.

The insulin devices market in Italy is witnessing a surge in technological advancements. These innovations have not only introduced more comfortable devices for patients but have also paved the way for new, more patient-friendly options. For instance, in March 2024, at the Advanced Technologies and Treatments for Diabetes (ATTD) conference in Florence, Italy, Insulet Corporation showcased promising results from a clinical trial comparing its Omnipod 5 to non-automated insulin therapy. The study revealed that Omnipod 5 users experienced a 17.5% improvement in their time in the target glucose range, along with reduced HbA1c levels and less time spent in hypoglycemia. Notably, individuals with initially higher HbA1c levels also saw a decrease in their mean glucose levels, further underscoring the benefits of these advanced products in the Italian market.

Italy's insulin drugs and delivery devices market is poised for continued growth, driven by increasing diabetes prevalence and significant technological advancements. The commitment of the Italian National Healthcare Service to provide comprehensive care for people with diabetes further supports market expansion.

Italy Insulin Drugs and Delivery Devices Industry Segmentation

Insulin is administered to regulate blood sugar levels in individuals diagnosed with type 1 diabetes, a condition characterized by the body's inability to produce insulin and consequently unable to regulate blood sugar levels. It is also prescribed for individuals with type 2 diabetes, a condition where blood sugar levels are elevated due to the body's inadequate production or utilization of insulin, and oral medications alone are insufficient in managing the condition. There are several ways to give insulin subcutaneously, including a vial and syringe, an insulin pen, and continuous subcutaneous insulin infusion (CSII).

Italy's insulin drugs and delivery devices market is segmented by drugs and devices. By drugs, the market is segmented into basal or long-acting insulins, bolus or fast-acting insulins, traditional human insulins, and others. By devices, the market is segmented into insulin pens, insulin pumps, and insulin syringes. For each segment, the market size is provided in terms of value (USD).