Insulin Pump Market Size by Product Type (Tethered Pumps and Patch Pumps), By Accessories (Battery, Insulin Reservoir and Insulin Set Insertion Devices), By Distribution Channel (Online & Retail Pharmacy, Homecare, Hospitals & Clinics and Others) Regions, Segmentation, and forecast till 2030.
Pune India, Jan. 02, 2023 (GLOBE NEWSWIRE) — The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and the Middle East and Africa. These are the key regions where the insulin pump market is operating and is predicted to expand soon. The manufacturers and suppliers involved in the insulin pump market are present across various countries in the above-mentioned regions.
Get Sample Copy of This Report @ https://greyviews.com/reports/insulin-pump-market/321/request-sample
The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as the type, accessories, distribution channel, and regions. Apart from this, the key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the below paragraphs.
The significant players operating in the global insulin pump market are Medzer Ltd, Sooil Development, Valeritas, Inc, Tandem Diabetic Care, Inc, F. Hoffman-La Roche Ltd, Microtech Medical, Medtronic Plc, Eoflow, Vicentra B.V., Terumo Corporation, Cequer SA, Insulet Corporation, Microport Scientific, Ypsomed AG, Sanofi, Braun Melsungen AG, Becton among others. To achieve a substantial market share in the worldwide insulin pump market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.
The insulin pump is designed to deliver doses of insulin to the body on a regular basis at regular intervals, depending on the consumer’s basal and bolus rates to control blood glucose levels. The global insulin pump market is also expected to grow due to increased product approvals, and various development strategies adopted by players, including distribution agreements, partnership agreements and collaborations. A large proportion of diabetes patients worldwide require insulin to manage their condition because of the growing prevalence of type-1 diabetes. Over the forecast period, diabetes patients’ increased awareness of these pumps and their associated benefits will drive the insulin pump market growth. The use of insulin pumps is widespread among patients who require multiple insulin injections daily because these devices are less intrusive. As diabetes management and care become more widely known and understood, electronic insulin pumps are becoming more popular among consumers and doctors alike. It is due to the fact that new-generation pumps provide accurate results and are convenient. A global push for greater awareness of medicare policies and diabetes management is also fueling the market growth. Furthermore, the market has grown continuously as people have become more aware of the disease due to the growing elderly population, as well as an increase in sedentary lifestyles.
Enquiry Before Buying This Report @ https://greyviews.com/inquiry/321
Scope of Insulin Pump Market Report:
Market Share Unit
Type, Accessories, Distribution Channel, and Regions.
North America, Europe, Asia-Pacific, South America, and Middle-East and Africa
Medzer Ltd, Sooil Development, Valeritas, Inc, Tandem Diabetic Care, Inc, F. Hoffman-La Roche Ltd, Microtech Medical, Medtronic Plc, Eoflow, Vicentra B.V., Terumo Corporation, Cequer SA, Insulet Corporation, Microport Scientific, Ypsomed AG, Sanofi, Braun Melsungen AG, Becton among others
Tethered pumps are expected to be the fastest-growing segment in 2022.
The type segment includes non-medical and medical. The tethered pumps segment is expected to witness the highest growth rate during the forecast period. Patients are increasingly using tethered insulin pumps because of their portability and convenience in carrying them. Moreover, the pumps can be synchronized with handsets to allow for easy control as well as monitoring of blood glucose levels, resulting in an increased demand for them.
Set insertion devices are expected to be the fastest-growing segment in 2022.
The accessories segment includes the battery, insulin reservoir and insulin set insertion devices. The set insertion devices segment is expected to witness the highest growth rate during the forecast period. Insulin set insertion devices held a dominant position in 2020 with a revenue share of 41%, primarily due to its high market share as infusion sets of insulin pumps are generally replaced every two or three days, and due to the high cost of infusion sets.
Online & retail pharmacy are expected to be the fastest-growing segment in 2022.
The distribution channel segment includes online & retail pharmacy, homecare, hospitals & clinics and others. The online & retail pharmacy segment is expected to witness the highest growth rate during the forecast period. With the increased availability of diabetes management devices in retail and pharmaceutical outlets in developed and developing nations, the retail & online pharmacy segment is a major driver of the insulin pump market.
The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for insulin pumps include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.
The North American region witnessed a major share. There are several major players in the insulin pump market in the region, as well as increasing obesity prevalence, high treatment costs, technological advancements, and product launches. Diabetes awareness and an increase in disposable income have spurred the adoption of insulin pumps among the population, propelling the growth of the market in the forecast period.
Germany’s insulin pump market size was valued at USD 0.372 billion in 2021 and is expected to reach USD 1.25 billion by 2029, at a CAGR of 16.4% from 2023 to 2030.
There are several key players in the market there, and cutting-edge medical infrastructure, and technological advancements in the country propelling the growth of the insulin pump market.
China’s insulin pump market size was valued at USD 0.377 billion in 2021 and is expected to reach USD 1.27 billion by 2029, at a CAGR of 16.5% from 2023 to 2030.
Market growth is being fueled by the growing number of diabetes patients in the country. Moreover, rising healthcare expenditures by both government and private sectors will enhance the market’s growth.
India’s insulin pump market size was valued at USD 0.29 billion in 2021 and is expected to reach USD 0.99 billion by 2029, at a CAGR of 16.6% from 2023 to 2030.
Increased elderly populations, diabetes incidence, and obesity rates are some of the factors driving the market growth in the country. Furthermore, increasing technological advancement in insulin pumps will add more value to the growth of the market in future.
Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.
Furthermore, the growth of this market is mainly driven owing to the increasing demand from the healthcare segment for diabetes patients across countries.
Buy Now Full Report @ https://greyviews.com/checkout/321/single_user_license
Phone: (+44) 162-237-1047
Browse Related Reports:
Disposable Syringes Market Size By Product (Conventional Syringes and Safety Syringes), By Application (Immunization Injections and Therapeutic Injections), Regions, Segmentation, and Projection till 2030
Bipolar Disorder Market Size By Drug Class (Anticonvulsant, Mood Stabilizer, Antidepressant Drug, Antipsychotic Drug, and Others), By Mechanism of Action (Serotonin Norepinephrine Reuptake Inhibitor, Selective Serotonin Reuptake Inhibitor, Beta Blockers, Tricyclic Antidepressant Drug, and Others), Regions, Segmentation, and Projection till 2030
Prostate Cancer Diagnostics Market Size By Test Type (Confirmatory and Preliminary), By End-User (Cancer Research Institutes, Hospital Associated Laboratories and Independent Diagnostics Laboratories), Regions, Segmentation, and Projection till 2030
Human Insulin Market Size By Type (Traditional Human Insulin and Modern Human Insulin), By Distribution Channel (Hospitals, Retail Pharmacies, And Others), By Application (Type 1 Diabetes and Type 2 Diabetes), Regions, Segmentation, and Projection till 2030
Human Insulin Drugs and Delivery Devices Market Size By Product Type (Human Insulin Delivery Devices and Human Insulin Drugs), By Delivery Device (Insulin Pumps, Insulin Injectors, Insulin Pens and Insulin Syringes), By End-User (Homecare, Hospitals, Specialty Clinics and Others), Regions, Segmentation, and Projection till 2030
Emesis Bags Market Size By Type (Paper, Plastic and Others), By Application (Medical, Road Transport, Water Transport, Air Transport, and Others), By Patient (Adults and Pediatrics), Regions, Segmentation, and Projection till 2030
Digital Hearing Aids Market Size By Technology (Digital and Conventional), By Type of Hearing Loss (Conductive, Sensorineural and Others), By Distribution Channel (E-Commerce, Retail Stores and Others), Regions, Segmentation, and Projection till 2030
Insulin Pump Market Size by Product Type (Tethered Pumps and Patch Pumps), By Accessories (Battery, Insulin Reservoir and Insulin Set Insertion Devices), By Distribution Channel (Online & Retail Pharmacy, Homecare, Hospitals & Clinics and Others) Regions, Segmentation, and Projection till 2030
Cardiac Catheters Market Size By Type (Electrophysiology Catheters, IVUS Catheters, PTA Balloons Catheters, PTCA Balloons Catheters, and Others), By End-User (Clinics, Public Ambulatory Surgical Centers, Hospitals, and Others) Regions, Segmentation, and Projection till 2030
Telehealth Market Size By Product Type (Software, Hardware, and Services), By Delivery Mode (Web-based, On-premise, and Cloud-based), By End-User (Patients, Providers, and Payers), Regions, Segmentation, and Projection till 2030