Insulin Pumps Market Overview
Global Insulin Pumps Market is expected to register a CAGR of 15.5% and acquire the market value of USD 11.5 Billion by 2028, asserts Market Research Future (MRFR).
Because of its user-friendliness, the worldwide insulin pump industry is predicted to grow. Other important factors that could boost insulin pump sales include ease of usage, rising junk food intake, and the increased acceptance of a sedentary lifestyle. With the rising number of diabetic patients, the demand for insulin devices is predicted to skyrocket, resulting in an increase in global insulin pump usage. Increased development activities, rising obesity rates, and increased government initiatives to enhance the market might all create prospects for the market to flourish.
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However, the increased support from various governments may help to underpin industry growth in the near future. The assessment period is expected to be hampered by an increase in insulin costs coupled with unfavorable insurance policies.
Traditional insulin pumps and disposable insulin pumps are the two types of insulin pumps available in the global market.
Infusion sets, insulin reservoirs, and infusion set insertion devices are the three main categories of accessories in the global insulin pump industry.
Type I diabetes and Type II diabetes are the two types of diabetes that the global market is divided into.
Home care, hospital & clinics, and laboratory are the three end-user segments in the worldwide insulin pumps market.
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According to MRFR’s insulin pump market report, North America is a healthcare pioneer and the world’s largest market for insulin pumps. The North American insulin pump market is constantly expanding due to the availability of world-class healthcare infrastructure, advanced medical facilities, and the rapid acceptance of innovative products and treatments. This region is home to a slew of elite players, which encourages innovation and new product development. Other variables that contribute to market expansion include the availability of skilled health professionals, product availability, and high purchasing power. North America had the largest market share and generated the most revenue in the worldwide insulin pump market in 2016.
Asia-Pacific is predicted to be the fastest-growing region in the worldwide insulin pumps market, owing to rising healthcare expenditure and a quickly developing healthcare sector. Government backing is expanding, and the healthcare sector is improving. These are two important elements that can help the APAC market’s rise. Furthermore, the rising incidence as a result of the growing elderly population is another important factor that would drive the market forward throughout the forecast period.
In the worldwide insulin pump market, Europe is predicted to gain a large market share. In order to drive market growth, companies must increase their investments in ongoing research and product development. Changes are being implemented by health professionals and manufacturing organizations in order to deliver the most efficient solutions to the market. The United Kingdom and Germany are set to play a big role in expanding the insulin pump market.
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The notable players of the market are Insulet Corporation, Dickinson and Company, Hoffmann-La Roche AG, Abbott Laboratories, Braun Melsungen AG, Medtronics, Becton, Sanofi.
Table of Content
1 Report Prologue
2 Insulin Pumps Market Introduction
2.1 Research Objective 12
2.2 Assumptions & Limitations 12
2.2.1 Assumptions 12
2.2.2 Limitations 12
2.2.3 Market Structure 14
3 Insulin Pumps Market Research Methodology
3.1 Insulin Pumps Market Primary Research 17
3.2 Insulin Pumps Market Secondary Research 17
4 Insulin Pumps Market Dynamics
4.1 Insulin Pumps Market Drivers 19
4.1.1 Insulin Pumps Market Increasing Prevalence Of Diabetes 19
4.1.2 Insulin Pumps Market Rise In Global Obesity Population 19
4.1.3 Technological Advancements In Drug Delivery Devices 19
4.1.4 Growing Global Awareness Of Diabetic Care 19
4.2 Restraints 20
4.2.1 Risks And Disadvantages Associated With Insulin Pumps 20
4.2.2 High Costs Of Insulin And Insulin Pumps 20
5 Insulin Pumps Market Factor Analysis
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