The global “Insulin Pump Market Share” is likely to gain impetus from the ever-increasing prevalence of diabetes reported worldwide. Coupled with this, the rising geriatric population and surging number of people affected by type 1 diabetes would drive the market growth. Fortune Business Insights™ provided this information in a recent report, titled, “Insulin Pump Market Size, Share & Industry Analysis, By Product Type (Pumps (Tethered Pumps, Patch Pumps, and Others), and Consumables), By Disease Indication (Type 1 Diabetes and Type 2 Diabetes), By Distribution Channel (Hospital Pharmacy Retail Pharmacy, and Online Stores), and Regional Forecast, 2020-2027.” The report further states that the insulin pump market size was USD 4.15 billion in 2019 and is projected to reach USD 8.50 billion by 2027, exhibiting a CAGR of 9.4% during the forecast period.
Leading Players operating in the Insulin Pumps Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Insulet Corporation
- Hoffmann-La Roche Ltd.
- Tandem Diabetes Care, Inc.
Drivers & Restraints-
Rising Technological Developments in Drug Delivery Systems to Propel Growth
New products are being launched by renowned companies nowadays owing to the advent of technological developments in the field of drug delivery systems. It is likely to drive the insulin pumps market growth in the near future. In addition to that, the manufacturers are persistently aiming to focus on upsurging the adoption and penetration of insulin pumps by creating awareness and reimbursement. It is mainly done in patients living with type 2 diabetes. However, many patients across the globe are dependent on other devices, such as insulin pens and injections, other than insulin pumps. It may hinder the growth of the market.
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The report covers:
- Global Insulin Pumps Market trends, with detailed analysis on consumer trends & manufacturer trends.
- Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
- Key areas of investments identifying market opportunities and challenges in forecast timeframe.
- Competitive analysis of the industry players along with the overview on strategic management.
- Comprehensive company profiles of the major industry players.
Type 2 Diabetes Segment to Grow Remarkably Backed by New Product Launches
In terms of disease indication, the market is bifurcated into type 1 diabetes and type 2 diabetes. Out of these, the type 1 diabetes segment is expected to procure the maximum insulin pumps market share in the coming years. This growth is attributable to the increasing usage of insulin pumps amongst these patients, unlike those living with type 2 diabetes. The Centers of Disease Control and Prevention stated that in 2018, around 1.4 million adults belonging to the age group of 20 years and above living in the U.S. with type 1 diabetes used insulin. But, the type 2 diabetes segment would also showcase a remarkable growth because of the presence of favorable health reimbursement and rising number of novel product launches.
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Detailed Table of Content:
1 Insulin pump Market Overview
1.1 Insulin pump Product Overview
1.2 Insulin pump Market Segment by Type
1.3 Global Insulin pump Market Size by Type (2015-2027)
1.3.1 Global Insulin pump Market Size Overview by Type (2015-2027)
1.3.2 Global Insulin pump Historic Market Size Review by Type (2015-2021)
18.104.22.168 Global Insulin pump Sales Market Share Breakdown by Type (2015-2027)
22.214.171.124 Global Insulin pump Market Share Breakdown by Type (2015-2027)
126.96.36.199 Global Insulin pump Average Selling Price (ASP) by Type (2015-2027)
1.3.3 Global Insulin pump Market Size Forecast by Type (2021-2027)
188.8.131.52 Global Insulin pump Sales Market Share Breakdown by Application (2021-2027)
184.108.40.206 Global Insulin pump Revenue Market Share Breakdown by Application (2021-2027)
220.127.116.11 Global Insulin pump Average Selling Price (ASP) by Application (2021-2027)
1.4 Key Regions Market Size Segment by Type (2015-2021)
1.4.1 North America Insulin pump Sales Breakdown by Type (2015-2027)
1.4.2 Europe Insulin pump Sales Breakdown by Type (2015-2027)
1.4.3 Asia-Pacific Insulin pump Sales Breakdown by Type (2015-2027)
1.4.4 Latin America Insulin pump Sales Breakdown by Type (2015-2027)
1.4.5 Middle East and Africa Insulin pump Sales Breakdown by Type (2015-2027)
2 Global Insulin pump Market Competition by Company
2.1 Global Top Players by Insulin pump Sales (2015-2021)
2.2 Global Top Players by Insulin pump Revenue (2015-2021)
2.3 Global Top Players Insulin pump Average Selling Price (ASP) (2015-2021)
2.4 Global Top Company Insulin pump Manufacturing Base Distribution, Sales Area, Product Type
2.5 Insulin pump Market Competitive Situation and Trends
2.5.1 Insulin pump Market Growth Rate (2015-2021)
2.5.2 Global 5 and 10 Largest Company by Insulin pump Sales and Revenue in 2019
2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Insulin pump as of 2019)
2.7 Date of Key Company Enter into Insulin pump Market
2.8 Key Company Insulin pump Product Offered
2.9 Mergers and Acquisitions, Expansion
3 Global Insulin pump Status and Outlook by Region (2015-2027)
3.1 Global Insulin pump Market Size and CAGR by Region: 2015 VS 2021 VS 2027
3.2 Global Insulin pump Market Size Market Share by Region (2015-2021)
3.2.1 Global Insulin pump Sales Market Share by Region (2015-2021)
3.2.2 Global Insulin pump Revenue Market Share by Region (2015-2021)
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Reasons to Purchase this Report:
- Comprehensive analysis of the Insulin Pumps Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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