Overview of the Insulin Pump Market:
An insulin pump is an artificially intelligent medical device utilized for the administration of supplemental insulin in the treatment of congenital diabetes, and also called constant subcutaneous insulin delivery. Insulin pumps deliver insulin via the skin where it is absorbed immediately by the body. This method provides for an immediate insulin injection when needed, without the wait for a needle to be inserted into the skin. Most insulin pumps are controlled by a computer-readable insulin concentration monitor that can be programmed to provide a constant level of insulin to meet the needs of a person with diabetes. The global insulin pump market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global insulin pump market is expected to witness significant growth during the forecast period, owing to rising technological advancements in medical devices.
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Insulin Pump Market – Drivers
Increasing incidence of diabetes is expected to drive the growth of the global insulin pump market during the forecast period. According to the World Health Organization (WHO), the number of people with diabetes has increased from 108 million in 1980 to 422 million in 2014. According to the same source, in 2016, around 1.6 million deaths were directly caused due to diabetes. Insulin pumps are typically used to administer doses of insulin on demand to diabetic patients. Hence, such factors are expected to drive the growth of the global insulin pump market during the forecast period. Moreover, rising technological advancements in medical devices are expected to propel the global insulin pump market growth over the forecast period.
Insulin Pump Market – Restraint
Stringent government regulations on product approvals are expected to restrain the growth of the global insulin pump market during the forecast period.
Among regions, North America is expected to witness significant growth in the global insulin pump market during the forecast period. This is owing to the increasing prevalence of obesity, technological advancements, and high treatment costs in the region. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to increasing healthcare expenditure in the region.
Insulin Pump Market – Competitive Section
Major companies involved in the global insulin pump market are Medtronic, Roche, Johnson & Johnson, Insulet Corp, Tandem Diabetes Care, and Microport.
For instance, in January 2020, Tandem Diabetes Care Inc. launched its t: slim X2 insulin pump with Control-IQ technology.
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Insulin Pump Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Insulin Pump Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Normal Pump
- Patch Pump
By Applications, the market is segmented into:
- Type I Diabetes
- Type II Diabetes
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– Current and future of global Insulin Pump market outlook in the developed and rising markets
– Regions/countries that are anticipated to witness the quickest growth rates at some stage in the forecast period
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Major Points in Insulin Pump Market Report Table of Content:
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Insulin Pump Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Insulin Pump Industry Impact
Chapter 2 Insulin Pump Competition by Types, Applications, and Top Regions and Countries
2.1 Insulin Pump (Volume and Value) by Type
2.3 Insulin Pump (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Insulin Pump Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Insulin Pump Market Analysis
Chapter 6 East Asia Insulin Pump Market Analysis
Chapter 7 Europe Insulin Pump Market Analysis
Chapter 8 South Asia Insulin Pump Market Analysis
Chapter 9 Southeast Asia Insulin Pump Market Analysis
Chapter 10 Middle East Insulin Pump Market Analysis
Chapter 11 Africa Insulin Pump Market Analysis
Chapter 12 Oceania Insulin Pump Market Analysis
Chapter 13 South America Insulin Pump Market Analysis
Chapter 14 Company Profiles and Key Figures in Insulin Pump Business
Chapter 15 Insulin Pump Market Forecast (2021-2028)
Chapter 16 Conclusions
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