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Tina Deng MSc Principal Medical Devices Analyst at GlobalData comments: “As people lose healthcare coverage due to unemployment in the pandemic some patients may choose cheaper alternatives to diabetes care products such as insulin vials. As the pricing of insulin pens has skyrocketed over the last several years in the US affordability may hammer device penetration during the COVID-19 crisis.”
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COVID-19 not only causes life-threatening conditions for some patients with diabetes but also affects diabetic care globally.
Deng concludes: “As more medical facilities resumed their diabetic care services the insulin pen market is recuperating. Affordability programs from manufacturers for those who have been prescribed insulin pens can help increase access to these products. GlobalData expects the global insulin pen market to recover gradually by the end of 2020 or the beginning of 2021.”