The global Insulin pump market size was USD 4.15 billion 2019 and is projected to reach USD 8.50 billion by the end of 2027, exhibiting a CAGR of 9.4% during the forecast period. As per regions, the market is classified into the Middle East and Africa, Europe, North America, Asia Pacific, and Latin America. Out of these, in 2019, North America generated USD 2.11 billion in terms of insulin pumps and consumables market revenue. 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
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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:
- Medtronic
- Insulet Corporation
- Hoffmann-La Roche Ltd.
- Tandem Diabetes Care, Inc.
- YPSOMED
- Others
Global Insulin Pump Market Highlights:
The Insulin Pump Market report offers an in-depth analysis of the Insulin Pump industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Insulin Pump market concentration, and maturity analysis is elaborated in this report.
Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.
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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Regional Analysis:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
This report focuses on Insulin Pump Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
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.
Table Of Content:
1 Market Overview
1.1 Insulin Pump Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook (2020-2026)
1.4.1.2 Canada Market States and Outlook (2020-2026)
1.4.1.3 Mexico Market States and Outlook (2020-2026)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook (2020-2026)
1.4.2.2 France Market States and Outlook (2020-2026)
1.4.2.3 UK Market States and Outlook (2020-2026)
1.4.2.4 Russia Market States and Outlook (2020-2026)
1.4.2.5 Italy Market States and Outlook (2020-2026)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook (2020-2026)
1.4.3.2 Japan Market States and Outlook (2020-2026)
1.4.3.3 Korea Market States and Outlook (2020-2026)
1.4.3.4 India Market States and Outlook (2020-2026)
1.4.3.5 Southeast Asia Market States and Outlook (2020-2026)
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook (2020-2026)
1.4.4.2 Egypt Market States and Outlook (2020-2026)
1.4.4.3 Saudi Arabia Market States and Outlook (2020-2026)
1.4.4.4 South Africa Market States and Outlook (2020-2026)
1.4.4.5 Turkey Market States and Outlook (2020-2026)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
3 Global Insulin Pump Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
3.1 Global Insulin Pump Sales and Market Share by Manufacturer (2017-2018)
3.2 Global Insulin Pump Revenue and Market Share by Manufacturer (2017-2018)
3.3 Market Concentration Rate
3.3.1 Top 3 Insulin Pump Manufacturer Market Share in 2018
3.3.2 Top 6 Insulin Pump Manufacturer Market Share in 2018
3.4 Market Competition Trend
4 Global Insulin Pump Market Analysis by Regions
4.1 Global Insulin Pump Sales, Revenue and Market Share by Regions
4.1.1 Global Insulin Pump Sales and Market Share by Regions (2020-2028)
4.1.2 Global Insulin Pump Revenue and Market Share by Regions (2020-2028)
4.2 North America Insulin Pump Sales and Growth Rate (2020-2028)
4.3 Europe Insulin Pump Sales and Growth Rate (2020-2028)
4.4 Asia-Pacific Insulin Pump Sales and Growth Rate (2020-2028)
4.5 South America Insulin Pump Sales and Growth Rate (2020-2028)
4.6 Middle East and Africa Insulin Pump Sales and Growth Rate (2020-2028)
5 North America Insulin Pump by Country
5.1 North America Insulin Pump Sales, Revenue and Market Share by Country
5.1.1 North America Insulin Pump Sales and Market Share by Country (2020-2028)
5.1.2 North America Insulin Pump Revenue and Market Share by Country (2020-2028)
5.2 United States Insulin Pump Sales and Growth Rate (2020-2028)
5.3 Canada Insulin Pump Sales and Growth Rate (2020-2028)
5.4 Mexico Insulin Pump Sales and Growth Rate (2020-2028)
8 South America Insulin Pump by Country
8.1 South America Insulin Pump Sales, Revenue and Market Share by Country
8.1.1 South America Insulin Pump Sales and Market Share by Country (2020-2028)
8.1.2 South America Insulin Pump Revenue and Market Share by Country (2020-2028)
8.2 Brazil Insulin Pump Sales and Growth Rate (2020-2028)
8.3 Argentina Insulin Pump Sales and Growth Rate (2020-2028)
8.4 Colombia Insulin Pump Sales and Growth Rate (2020-2028)
9 Middle East and Africa Insulin Pump by Countries
9.1 Middle East and Africa Insulin Pump Sales, Revenue and Market Share by Country
9.1.1 Middle East and Africa Insulin Pump Sales and Market Share by Country (2020-2028)
9.1.2 Middle East and Africa Insulin Pump Revenue and Market Share by Country (2020-2028)
9.2 Saudi Arabia Insulin Pump Sales and Growth Rate (2020-2028)
9.3 Turkey Insulin Pump Sales and Growth Rate (2020-2028)
9.4 Egypt Insulin Pump Sales and Growth Rate (2020-2028)
9.5 Nigeria Insulin Pump Sales and Growth Rate (2020-2028)
10 Insulin Pump Market In Developing Countries
11 South America Insulin Pump Market Analysis by Countries
12 Competitive Landscape
13 Industry Outlook
13.1 Market Driver Analysis
13.1.2 Market Restraints Analysis
13.1.3 Market Trends Analysis
13.2 Merger, Acquisition and New Investment
13.3 News of Product Release
14 Global Insulin Pump Market Forecast
15 New Project Feasibility Analysis
15.1 Industry Barriers and New Entrants SWOT Analysis
15.1.1 Porter’s Five Forces Analysis
15.1.2 New Entrants SWOT Analysis
15.2 Analysis and Suggestions on New Project Investment
Continued…
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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KEY QUESTIONS ANSWERED:
- What are the key technological and Insulin Pumps Market trends shaping the market?
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- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- Why Choose Fortune Business Insights?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Insulin Pumps Market growth?
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