Insulin Pump Market Analysis By Types (Disposable Insulin Pump and Traditional Insulin Pump), End Users (Home Care, Laboratories, Hospital & Clinics), Regional Outlook, Size, Share, Upcoming Trends, and Leading Companies, Forecast To 2023
Insulin Pump Market size is expected to reach USD 8.52 billion with growing CAGR of 8.4% by 2023. An Insulin Pump is a small electronic device which provides the insulin to body requires whole day and nights. There two types of insulin pumps tethered pump and a patch pump. it regulates blood sugar level and beneficial compared to multiple daily injections, highly convenient to use, offers tremendous flexibility, and gives a detailed record of insulin dose, blood sugar value and carb.
Insulin Pump Market Top Companies
Top Key players profiled in the Insulin Pump Market include
- Dickinson
- Company
- Becton
- Insulet Corporation,
- Hoffman-La Roche AG
- Abbott Laboratories
- Sanofi
- Medtronics
- Braun Melsungen AG
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There are several factors responsible for propelling the growth of the insulin pump market. These factors include
- Rising incidence of diabetes
- Benefits over injections such as flexibility
- Glucose control
- Growing awareness about insulin pumps among the population
- Rise in geriatric population
- Preference for methods that are non-invasive
- Technological development.
On the contrary, high costs of such devices, skin infection and lack of skilled professionals are factors that may hinder the insulin pump market growth.
Insulin Pump Market Segmentation
Insulin Pump Market Segmented based on
- type
- end use
Based on type, it is segmented into
- disposable
- traditional insulin pumps
Based on end use, the insulin pump market is segmented into
- laboratories
- home care
- hospitals
- clinics
Regional Analysis
By region, the Insulin Pump Market Segmented to
- North America,
- Europe,
- Asia Pacific
- Rest of the World.
Drivers
- Increasing Prevalence Of Diabetes
- Rise In Global Obesity Population
- Technological Advancement In Drug Delivery Devices
- Growing Global Awareness Of Diabetic Care
- Restraints
- Risks And Disadvantages Associated With Insulin Pumps
- High Costs Of Insulin And Insulin Pumps
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