Opportunities for The Insulin Pump Market to Reach USD 8520.9 Million at 8.4% of CAGR With Worldwide Manufacturers Till 2023

“Insulin Pump Market”
Insulin Pump Market report explores Scope of the Study as Research Objective, Assumptions and Limitations in-depth. The report gives Market Dynamics by Drivers, Restraints, Opportunities, Challenges, Macroeconomic Indicators and Technology Trends & Assessment.

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.

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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 – 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. Continuous subcutaneous insulin infusion (CSII) is a therapy which uses insulin pumps to deliver insulin to diabetics. Over a certain period, along with the technological advancements, these pumps have evolved significantly from constant observing glucose sensors that give exceptional access to the patient’s blood glucose levels to “sensor-augmented” and “sensor-driven” pumps.

Global Insulin Pump Market will reach approximately 8520.9 MN. USD by the end of 2023, registering a staggering CAGR of 8.4 % between 2017 and 2023 (forecast period). 

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).

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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


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