Insulin Pump Market: Large Population of Diabetes patients, rising ageing population, chronic nature of the disease are key drivers for Global Insulin Pump Market. Insulin Pump Market was worth of around USD 4691.34 Million in 2017 and it is estimated to reach about USD 8740.87 Million by the end of 2024 with significant CAGR of approximately 9.25%.
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Scope of Global Insulin Pump Market:
Diabetes Mellitus is a metabolic disorder affecting children and adult in which body does not produces enough insulin. Symptoms of high blood sugar include weakness fatigue, frequent urination, increased thirst, unexplained loss of weight and increase in healing time of cuts & wounds and increased hunger. An insulin pump is a portable medical device used for the administration of insulin at a programmed rate to control diabetes mellitus. The insulin is housed inside the pump in little cartridge called “Reservoir”. Insulin travels into your body through a flexible tube that end with a tiny needle called a ”Cannula” inserted just under the skin. So during the study of global Insulin Pump market, we have considered Global Insulin Pump devices syringes, insulin pens and jet injectors and consumables like Infusion set, Cannula, Tubing Box and Reservoir to analyze the market.
Global Insulin Pump market report is segmented on the basis of Product type, End User and geography. Based upon Product type Global Insulin Pump Market is classified as Traditional Insulin Pump, Disposable Insulin Pump and Smart Pumps. Based on end user Global Insulin Pump Market is classified into Hospitals, Homecare, Laboratories, Retailer, Online Pharmacy, Individual (self medication) and Clinics.
The regions covered in this Global Insulin Pump Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Global Insulin Pump Market is sub divided in to U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
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Key Players for Global Insulin Pump Market Reports –
Global Insulin Pump Market reports cover prominent players like, Sanofi, Abbott Laboratories, Becton, F. Hoffmann-La Roche AG, Medtronic Inc., Dickinson and Company, Insulet Corporation, Tandem Diabetes Care, Animas Corporation (subsidiary of Johnson & Johnson Services), Micro Port, Valeritas, Cellnovo Ltd, Nipro Diagnostic, SOOIL Developments Co., Jiangsu Delve Co., Ltd, Asante, Braun Melsungen AG, Omron, Ypsomed, MicroPort Scientific Corporation, Spring Health Solutions and Debiotech.
Insulin Pump Market Segmentation
By Product Type
Traditional Insulin Pump
Disposable Insulin Pump
By End User
Individual (self medication)
Global Insulin Pump Market Dynamics –
The growth of Global Insulin Pump Market is driven by chronic nature of the disease, Increasing aging population, increasing prevalence of diabetes, growing awareness towards diabetes and insulin delivering devices, such as syringes, pens, jet injectors and oral insulin. Also advancement in technology especially in medical and healthcare sector is one of the drivers for Global Insulin Pump market. However, skin infection like redness, swelling and pain also weight gain due to increased anabolic activity and High Cost of Insulin Pump i.e., USD 2000 to USD 4500. In near future, technological advancement such as, Insulin Patch Pumps, Combined Pump, Glucose Sensor and Implanted Pumps may generate new opportunities.
Insulin Pump Market
Insulin Pump Market Revenue (USD MILLION) Analysis, 2018-2024
Global Insulin Pump Market Regional Analysis –
North America is largest market for insulin pump due to increasing technological advancement in the healthcare industry and growing diabetic population. In 2013, the number of children (0-15 years) with type 1 diabetes was 108,500 with 16 new cases diagnosed per 100,000 children. Moreover, there were 36,750,500 persons with diabetes (mostly type 2 diabetes) in adults (20-79 years), and an additional 44,280,700 persons had impaired glucose tolerance. The age-adjusted prevalence of diabetes in adults was 9.7%; the second highest among the seven Regions of the International Diabetes Federation. This estimate is expected to grow to 9.9% by 2035. Whereas, Europe is subsequent money-making region for insulin pump market. Asia will observe the fastest growth during the estimated period. The growth of Asian market is recognized to blowing up population and growing geriatric as well as diabetic population.
Key Benefits for Global Insulin Pump Market Reports –
Global Insulin Pump market report covers in depth historical and forecast analysis.
Global Insulin Pump market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Global market sale (K Units), Global market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Insulin Pump market report helps to identify opportunities in market place.
Global Insulin Pump market report covers extensive analysis of emerging trends and competitive landscape.
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