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Insulin Pump Market Growth Analysis, Competitive Landscape, Regional Insights, Size Estimation, Upcoming Trends and Applications, Forecast to 2023

April 21st, 2020 Market Research Future Releases

Insulin Pumps Market Analysis

The insulin pump market size to touch USD 8,520.9 million at an 8.4% CAGR between 2016- 2023, reveals the new Market Research Future (MRFR) report. An insulin pump, simply put, is a medical device that is used to administer insulin to treat diabetes mellitus. Disposable insulin pump and traditional insulin pump are the two types of insulin pumps available.

Numerous factors are adding to the insulin pumps market growth. Such factors, as revealed by the latest MRFR report, include home infusion therapy, creation of artificial pancreas, increasing awareness about insulin delivering devices and diabetes, development of different types of insulin, and increasing incidence of diabetes. Besides, consumer information and professional programs offered by manufacturers are also encouraging the adoption of such pumps which is also adding to the insulin pump market share.

Request Free Sample Copy at:  https://www.marketresearchfuture.com/sample_request/1637

On the contrary, the dearth of skilled professionals for proper insulin pump handling, the high price of insulin pumps and analogs, and skin infections are factors that may

The report categorizes the insulin pump market based on type, accessories, application, end user, regions, and key players. An insulin pump is a good substitute for multiple daily insulin injections. It provides flexible insulin therapy, especially when used together with carbohydrate counting and blood glucose monitoring. Tandem’s insulin pump software gets US FDA approval.  

Insulin Pump Market Segmentation

The Market Research Future Report provides an inclusive segmental analysis of the insulin pump market based on type, accessories, application, and end user.

By type, the insulin pumps market is segmented into the disposable insulin pump and the traditional insulin pump. Of these, the traditional insulin pump segment will lead the market over the forecast period.

By accessories, the insulin pump market is segmented into infusion set insertion devices, infusion sets, and insulin reservoirs. Infusion sets are again segmented into plastic cannula and steel cannula. Of these, insertion devices will dominate the market over the forecast period.

By type, the insulin pump market is segmented into Type I and Type II diabetes.

By end user, the insulin pumps market is segmented into laboratories, home care, and hospitals & clinics. Of these, hospitals & clinics will have a major share in the market during the forecast period. It is predicted to touch USD 3,908.8 million by 2023.

Insulin Pump Market Regional Analysis 

By region, the global insulin pump market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, North America will lead the market over the forecast period for the rising incidence of diabetes. Besides, the presence of top industry players in the region, rising prevalence of obesity, availability of innovative medical facilities, high junk food consumption, technological advances, and consumers sedentary lifestyle are also adding market growth. The USA & Canada are the key contributors in the region.

The global insulin pump market in Europe is predicted to hold the second-largest share over the forecast period for the presence of several significant market players in the region, availability of advanced medical facilities, and technological advancements. The UK, Spain, Italy, Germany, and France are the country-specific markets in the region.

The global insulin pump market in the APAC region is predicted to grow at a fast pace over the forecast period. Factors propelling the global insulin pump market growth in the region include the growing health awareness, availability of advanced medical facilities, increase in disposable income, improving medical facilities in South Korea, Japan, Australia, India, & China, and increasing incidence of diabetes in Taiwan, Malaysia, Indonesia, India, and China.

The global insulin pump market in the MEA will have a small share during the forecast period for poor economies, strict government policies, lack of awareness, limited availability of technology, and less focus to improve healthcare.

Browse More Details at: https://www.marketresearchfuture.com/reports/insulin-pump-market-1637

Insulin Pump Market Key Players

Leading players profiled in the global insulin pump market report include Sanofi (France), Medtronics (Ireland), Insulet Corporation (USA), F. Hoffmann-La Roche AG (Switzerland), Braun Melsungen AG (Germany), Becton Dickinson (USA), and Abbott Laboratories (USA).

NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact:

Akash Anand

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

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