Tubeless Insulin Pump Market Size, Share | Growth Trends, Key Players and Competitive Strategies – Forecast to 2028
Global Tubeless Insulin Pump Market is valued at USD 1.58 Billion in 2021 and is expected to reach USD 6.35 Million by 2028 with a CAGR of 21.93% over the forecast period.
Scope of Tubless Insulin Pump Market Report:
Insulin Pump which is also referred to as continuous subcutaneous insulin infusion is rapidly gaining popularity across the medical device industry. This medical device makes use of a near-physiologic basal-bolus procedure for the delivery of insulin and it is a flexible as well as lifestyle-friendly method. Insulin pump without tubing (patch pump), Tubeless patch pumps contain the insulin reservoir and the infusion cannula and adhere directly to the skin. A handheld device is used to program insulin delivery and insert the infusion cannula. This tubeless patch pump (pod) is operated by a handheld device called the “PDM” that is wirelessly connected to Bluetooth.
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Insulin Pump Market Key Players
- Insulet Corporation
- Johnson & Johnson
- Medtrum Technologies
- Cellnova
- Roche Holdings
- Spring Health Solutions
- Debiotech
- CeQur
- Valeritas Holding
- Abbott Diabetes Care
- Medtronic Plc.
- Tandem Diabetes Care
- Insulet Corporation
- Animas Corporation
- Others
Tubeless Insulin Pump Market Segmentation:
Global tubeless insulin pump market is segmented on the basis of component, distribution channel, and region. On the basis of components, the market is segmented into pod/patch, remote, and others. On the basis of distribution channels, the market is segmented into hospitals, pharmacies, e-commerce, and others.
By Component
- Pod/patch
- Remote
- Others
By Distribution Channel
- Hospitals
- Pharmacies
- E-commerce
- Others
Global Tubeless Insulin Pump Market Dynamics:-
With mounting cases of diabetes, especially among geriatric patients, the tubeless insulin pump market is estimated to witness significant growth over the forecast period. According to American Diabetes Association, In 2018, 34.2 million Americans, or 10.5% of the population, had diabetes. Almost 1.6 million Americans have type 1 diabetes, including about 187,000 children and adolescents. Additionally, the Development of novel insulin delivery devices will further boost the market growth. Lightweight and disposable pod such as Omnipod, by Ypsomed, endlessly deliver insulin for up to three days and is connected with a remote to conclude insulin delivery intervals. Correspondingly, in March 2019, the United States FDA gave fast-track title to EoPancreas, an Automated Insulin Delivery (AID) system, by EoFlow. However, partial reimbursement for tubeless insulin pumps and the drastically rising cost of insulin delivery systems may hinder the market growth in forthcoming years. Moreover, new products to the product line and the constant addition of new features to the existing products will boost the market opportunity over the coming years.
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Regional Analysis-
North America
- U.S., Canada
Europe
- Germany, France, U.K., Italy, Spain, Sweden, Netherlands, Turkey, Switzerland, Belgium, Rest of Europe
Asia-Pacific
- South_Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
Latin America
- Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
Middle East and Africa
- Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA
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