Global Insulin Pump Sensor Market Size, Industry Trends, Share and Forecast - 2018-2023

Insulin pump is used for the administration of insulin in the treatment of diabetes mellitus. In Insulin pumps, sensor is used to obtain interstitial glucose values. The major factors that contributes in the growth of the market are increasing incidence of diabetes, demand for non-invasive glucose monitoring and FDA clearance to new products. Further, raising awareness towards diabetes and insulin delivering devices and high demand for wearable insulin pump are estimated to fuel the growth of the market. However, there are certain challenges that are affecting the growth of the insulin pump sensor market across the globe. High cost of insulin pumps and accuracy & longevity issues in sensors are estimated to be the major constraints in the growth of the market. Technological advancements & innovations in glucose biosensors and strong pipeline products are developing numerous expansion opportunities for the growth of the insulin pump sensor market.

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Several companies have received FDA approval for the glucose monitoring system which is expected to increase the demand for glucose sensor across the globe. For instance, in 2018, Medtronic received FDA approval for guardian connect system. This system consists the Guardian Sensor 3 which is an advanced glucose sensor with 96% low detection rate. This sensor is inserted into abdomen and can be worn for up to 7 days. Guardian Sensor 3 measures glucose levels from fluid under the skin and sends readings to an app on smartphone.

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Global Insulin Pump Sensor Market Segmentation

By type

  • Invasive glucose sensor
  • Non-invasive glucose sensor

By transducer classes

  • Electrochemical biosensor
  • Optical biosensor
  • Thermometric biosensor
  • Piezoelectric biosensor
  • Magnetic biosensor

By end user

  • Homecare
  • Hospitals and clinics
  • Diagnostic center
  • Other

Competitive landscape

  • Key company analysis
  • Key strategic analysis

Regional analysis

  • North american
    • United states
    • Canada
  • Europe
    • U.k
    • Germany
    • Italy
    • Spain
    • France
    • Roe
  • Asia pacific
    • India
    • China
    • Japan
    • Roapac
  • Rest of the world

Company profiles

  • Abbott laboratories
  • Animas corporation
  • Becton, dickinson and company
  • Bigfoot biomedical, inc.
  • Boston scientific corporation
  • Ccs medical
  • Dexcom, inc.
  • Eli lilly
  • Gluco-chaser inc.
  • Glusense ltd.

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