Insulin Pump Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
21176 | Date :
Jan, 2023 | Pages :
186 | Region : Global |
Publisher : RI
An insulin pump is a medical device used for the administration of insulin in the treatment of diabetes mellitus, also known as continuous subcutaneous insulin infusion therapy. The device configuration may vary depending on design. A traditional pump includes: the pump (including controls, processing module, and batteries); a disposable reservoir for insulin (inside the pump) a disposable infusion set, including a cannula for subcutaneous insertion (under the skin) and a tubing system to interface the insulin reservoir to the cannula. Other configurations are possible. For instance, more recent models may include disposable or semi-disposable designs for the pumping mechanism and may eliminate tubing from the infusion set.
An insulin pump is an alternative to multiple daily injections of insulin by insulin syringes or an insulin pen and allows for intensive insulin therapy when used in conjunction with blood glucose monitoring and carb counting.
In the last several years, global market of insulin pump developed smoothly, with an average growth rate of 5.2%. In 2016, global revenue of insulin pump is nearly 1218 M USD; the actual production is about 246 K units.
The global average price of insulin pump is in the decreasing trend, from 5256 USD/Unit in 2011 to 4936 USD/Unit in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of Insulin Pump includes normal and patch pump, and the proportion of normal in 2016 is about 82%. Insulin pump is widely used to treat Type I diabetes and Type II diabetes. The most proportion of insulin pump is used for Type I diabetes treatment, and the consumption proportion in 2016 is about 81%.
The Global Insulin Pump Market size was xxx million USD with a CAGR xx % from 2018- 2022. It will stretch to xxx million USD in 2023 with a CAGR of xx % from 2023 - 2030.
As the report focuses on global Insulin Pump Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Medtronic
Johnson & Johnson
Roche
SOOIL
Tandem Diabetes care
Insulet Corp
Valeritas
Microport
In Market segmentation by geographical regions, the report has analyzed the following regions- North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Columbia etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Normal
Patch Pump In Market segmentation by applications :
Type I Diabetes
Type II Diabetes
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Insulin Pump Market for the forecast period 2023 - 2030?
• What are the driving forces in the Insulin Pump Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Insulin Pump industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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