Market Research Future
published a Half - Cooked research report on “Insulin Pumps Market Research
Report- Forecast To 2023” – Market Analysis, Scope, Stake, Progress and Trends.
Insulin Pumps Market
Share, Trends and Growth Analysis By Type (Traditional Insulin Pumps, Smart
Insulin Pumps and Disposable Insulin Pumps), Accessories (Insulin Reservoirs,
Infusion Sets and Infusion Set Insertion Devices), Application (Type I Diabetes
and Type II Diabetes), End User (Hospitals and Clinics, Home Care,
Laboratories) and Region, Global Forecast to 2023
Insulin Pump Industry Overview:
San Diego based medical
device manufacturer Tandem Diabetes Care has recently launched its lasts
insulin delivery device, which called t:slim X2 insulin pump in the U.S.
The device is powered by Basal-IQ technology. Tandem’s latest device comes with
a predictive low glucose suspend feature, which is designed to effectively
lower the instances and duration of hypoglycaemia. The basal-IQ algorithm
integrated with the system allow accurate reading of blood sugar levels and
predict where the levels will be in next 30 minutes. Based on the readings and
predictions, the device suspends insulin delivery. The company received FDA’s
approval for its device in June this year.
The Global Insulin Pump Market Size is Projected to reach USD
8520.9 at a 8.4% CAGR to back up the growth during the forecast
period covering 2018 to 2023, says Market Research Future (MRFR)
Insulin pumps are known
for their wide-scale use in diabetic patients at intervals to control the level
of insulin. The pump delivers a dose of insulin if the glucose level goes down
and can be considered better alternative for injections as they require fewer
shots than the injections.
Diabetes is a chronic
disease and the number of patients suffering from the disease is rising all the
time as various transformation in the lifestyle is spurring the rate of growth
for diabetes. On the other hand, better awareness regarding the disease is also
expected to play in favour of the market.
Insulin Pump Market Competitive
Landscape:
A number of companies are
showing significant interest in taking the global market for insulin pumps
forward. These companies have been listed by MRFR for a better profiling and in
the coming years their market patterns would be able to develop a chart
regarding how the market is planning to shape up. MRFR has listed these
companies and they are F. Hoffmann-La Roche AG, Sanofi, Becton, Dickinson
and Company, Braun Melsungen AG, Abbott Laboratories, Medtronics, Insulet
Dorporation and Tandem Diabetes Care
FDA declared that they
have expanded the indication for a type of insulin aspart injection 100 U/mL to
assist in the inclusion of insulin infusion pumps that has the potential to
improve the glycemic response in adults.
Insulin Pump Market Segmentation:
The global insulin pump
market is segmented by type, accessories, application, and end user for a
better understanding of the upcoming market. This segmentation also produces
information regarding various market drivers that can impact the growth
patterns.
By type, the insulin pump
market is segmented into traditional insulin pump and disposable insulin pump.
The traditional insulin pump has the maximum market valuation owing to its
wider market percolation.
By accessories, the insulin
pump market is segmented into infusion sets, insulin reservoirs, and infusion
set insertion devices. The infusion set segment can be segmented into steel
cannula and plastic cannula.
By application, the
global insulin pump market is segmented into type 1 diabetes and type 2
diabetes. Both these segments are expected to gain significant market
contributions.
By end user, the insulin
pump market is segmented into hospitals & clinics, home care, and
laboratories. The hospitals & clinics segment has the market potential of
growing up till a valuation of USD 3908.8 million by 2023.
Insulin Pump Market Regional
Analysis:
North America is insulin
pump market with high growth potential owing to its prospects that would
trigger significant revenue generation. The regional insulin pump market is
known to have a high number of diabetic people who need the assistance of such
advanced devices that can simplify the drug delivery procedure. The US and
Canada are countries from the zone to have the maximum benefit. Other countries
are not so financially strong. In the Latin part, there are countries like
Brazil, Argentina, and others who may trigger better market growth in the
coming years.
In Europe, similar growth
patterns can be witnessed as several players are now initiating better market
percolation plan to simplify the growth process. There are other aspects like
infrastructural facilities and hike in investment that can promote the regional
market growth. The Asia Pacific insulin pump market is expected to have strong
growth in the coming years as the regional market is allowing companies to
launch their innovations to keep up the speed the structure aligned with the
revamping healthcare sector. These companies are expected to gain better hike
by using the massive population in their stride.
Insulin Pump Market Latest
News
Tandem Diabetes Care has
increased the worldwide unit sales of its t: slim
X2 insulin pumps by 290%. A t: slim X2 insulin pump features
integrated continuous glucose monitoring and remote software update capability
Table of Content:
1 Report Prologue
2 Insulin Pump Market Introduction
2.1 Research Objective
2.2 Assumptions & Limitations
2.2.1 Assumptions
2.2.2 Limitations
2.2.3 Market Structure
3 Insulin Pump Market Research Methodology
3.1 Insulin Pumps Market Primary Research
3.2 Insulin Pumps Market Secondary Research
4 Insulin Pump Market Dynamics
4.1 Insulin Pumps Market Drivers
4.1.1 Insulin Pumps Market Increasing Prevalence Of Diabetes
4.1.2 Insulin Pumps Market Rise In Global Obesity Population
4.1.3 Technological Advancements In Drug Delivery Devices
4.1.4 Growing Global Awareness Of Diabetic Care
4.2 Restraints
4.2.1 Risks And Disadvantages Associated With Insulin Pumps
4.2.2 High Costs Of Insulin And Insulin Pumps
5 Insulin Pump Market Factor Analysis
5.1 Porters Five Forces
5.2 Bargaining Power Of Buyers
5.3 Bargaining Power Of Suppliers
5.4 The Threat Of New Entrants
5.5 Rivalry
5.6 Threat Of Substitutes
6 Insulin Pump Market, by Types
6.1 Traditional Insulin Pumps
6.2 Disposable Insulin Pumps
6.2 Smart Insulin Pumps
7 Insulin Pump Market, by Accessories
7.1 Insulin Reservoirs
7.2 Infusion Sets
7.2 Infusion Set Insertion Devices
8 Global Insulin Pump Market, by Application
8.1 Insulin Pumps Market Type I Diabetes
8.2 Insulin Pumps Market Type II Diabetes
9 Global Insulin Pump Market, by End Users
9.1 Insulin Pumps Market Introduction
9.2 Insulin Pumps Market Hospitals And Clinics
9.3 Insulin Pumps Market Home Care
9.4 Insulin Pumps Market Laboratories
10 Global Insulin Pump Market, by Region
11 Insulin Pump Market Competitive Landscape
12 Company Profiles
13 List of Tables
14 List of Figures
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Research Future (MRFR), we enable our customers to unravel the complexity of
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Akash Anand
Market Research Future
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