Global Insulin Pump Market – Overview
The Insulin Pump is a device
garnering huge popularity worldwide, owing to the advancement in the
physiologic programmable technique for insulin delivery which has made these
pumps adaptable and lifestyle friendly.
The Insulin Pump
Market has been driven primarily by the growing prevalence of diabetes
worldwide. The global insulin pump market has risen in demand as the prevalence
of diabetes has grown thanks to the growing popularity of a sedentary lifestyle
and increasing consumption of junk food. The global prevalence of diabetes
among adults over 18 years of age has almost doubled over the last three
decades, according to the WHO, with around 422 million people estimated to be
suffering from diabetes around the world in 2014.
The
development of technologically advanced insulin pumps that can be easily
incorporated into the motions of a diabetes patient’s daily life has changed
the game for the global insulin pumps market. Technological development in
healthcare devices is a major part of healthcare research and is likely to
remain the same over the forecast period, driving the global insulin pumps
market.
Global
Insulin Pump Market - Key Players
Some of
the key players in this market are:
·
Braun Melsungen AG
·
F. Hoffmann-La Roche AG
·
Medtronics
·
Abbott Laboratories
·
Becton, Dickinson and Company
·
Sanofi
·
Insulet Corporation
Industry/ Innovation/ Related News:
July 03, 2018 – Insulet Corporation (Canada), one of
the leading companies involved in tubeless insulin pump technologies including
Omnipod® Insulin Management System, announced that its Omnipod System had been
selected as the preferred insulin pump for diabetic patients in the province,
under the expanded British Columbia PharmaCare insulin pump program.
June 25, 2018 - Tandem Diabetes Care, a medical device
company, and manufacturer of the only touch-screen insulin pumps available in
the United States, announced receiving the approval from the U.S. FDA for its
t: slim X2 Insulin Pump with Basal-IQ technology. Basal-IQ is predictive low
glucose suspend (PLGS) feature designed to help reduce the frequency and
duration of hypoglycemia.
June 22, 2018 - Medtronic, (Ireland) a leading global
prescribed insulin pump company announced that the U.S. FDA has approved its
MiniMed 670G hybrid closed-loop insulin pump system to be used for children
between the age group of 7 and 13 and have Type 1 diabetes, an incurable
autoimmune condition that prevents the pancreas from producing insulin.
Global
Insulin Pump Market - Segments
For the
convenience of understanding, MRFR has segmented the report into three key
dynamics.
By Types:
Comprises Disposable insulin pump and Traditional insulin pump among others
By End-Users:
Hospital & Clinics, Home Care, and Laboratories, among others.
By Regions: North
America, Europe, APAC and Rest-of-the-World (RoW).
Key Findings
·
The Global Insulin Pump
Market is expected to reach USD 8520.9 million by 2023.
·
By types, Traditional
insulin pump segment holds the largest market share of Global Insulin Pump
market and is expected to reach USD 4587.5 million by 2023.
·
By End User, Home Care
segment is expected to grow at a fastest CAGR of 8.9%.
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Global
Insulin Pump Market - Regional Analysis
In 2016, the North America market accounted for the leading market
globally, capturing the largest market share in 2016. Factors supporting the
market growth include increasing technological advancements in the healthcare
industry and growing diabetic population in the region.
The Europe Insulin Pump market is expected to reach USD 2,784.5 million
by 2023, growing at a CAGR of 8.7% during the review period.
Asia Pacific Insulin Pump market emerging as one of the promising
markets is expected to grow at 8.9% CAGR during the forecast period 2017-2023.
Major
Table of Content
Chapter
1. Report Prologue
Chapter
2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter
3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter
4. Market Dynamics
Continued….
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