Insulin Pump Market to show Incredible Graph of USD 8520.9 Million by 2023

Insulin Pump Market
Global Insulin Pump Market Information, by types (Traditional, Disposable), by end users (Hospital, Home Care, Laboratories) – Forecast to 2023

Market Research Future adds new report of “Insulin Pump Market Research Report – Global Forecast to 2023” it contains Company information, geographical data and Table of Content

Competitive Analysis:

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

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Market Segments:

Global Insulin Pump Market has been segmented

  • On the basis of Types which comprises of Traditional insulin pump and Disposable insulin pump
  • On the basis of End Users, it comprises of Hospital & Clinics, Home Care, and Laboratories

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%.

Market Highlight:

The Insulin Pump Market is growing with the rapid pace; mainly due to the increasing prevalence of diabetic population According to a recent study report published by the Market Research Future, The Global market of Insulin Pump is booming and expected to gain prominence over the forecast period. The Insulin Pump market is projected to raise up to USD 8520.9 Million by end of 2023, at a staggering CAGR of 8.4 % between 2017 and 2023. 

Continuous Subcutaneous Insulin, or the Insulin Pump, has picked up popularity and advancement as a physiologic programmable technique for insulin delivery which is adaptable and life style friendly. Furthermore, the introduction of constant observing with glucose sensors gives exceptional access to, and forecast of, a patient’s blood glucose levels. Research and development is in progress to coordinate the two technologies, from “sensor-augmented” and “sensor-driven” pumps to a completely automated and independent sensing and delivery system.

The global Insulin Pump market is expected to grow at a stable pace. One of the major factors driving the growth of the market is rise in global obese population, technological advancement in drug delivery devices and growing global awareness of diabetic care.

Furthermore, Diabetes is a chronic disease, and its global prevalence is increasing immensely. Recently, it is one of the foremost causes of death and has increased risk of developing number of serious health problems. It is the major cause of cardiovascular disease, kidney disease, eye disorders and stroke.

According to WHO, in 2008, approximately 347 million people were suffering from diabetes. Likewise, according to IDF in 2013, approximately 384 million people are suffering from diabetes and approximately 592 million people are expected to suffer by 2035.

The amount of population diagnosed with diabetes is projected to increase at a tremendous rate, the largest percentage increase is expected to be in the age group of diabetics patients above age 60. Thus if current trends in diabetes occurrence rates continues linearly over the next 50 years, there would be an intense increase in the number of population diagnosed with diabetes. With increasing diabetic patients, the demand of insulin devices is expected to be huge, thus resulting to the increasing consumption of insulin pumps globally and driving the global insulin pumps market.

Intended Audience

  • Insulin Pumps equipment suppliers
  • Insulin Pumps
  • Laboratories
  • Government Research Laboratories
  • Government and Independent Regulatory Authorities
  • Medical Research Institutes

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Regional Analysis of Global Insulin Pump Market:

The Global market for Insulin Pump is growing steadily. The market for Insulin Pump is growing with the CAGR of 8.4% during the forecast period from 2016-2023. North America accounts the largest market share in Global Insulin Pump market in 2016. 

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