Insulin pump Market 2018 | With 8.36% of CAGR By 2023 | Top Most Players: Animas Corporation (subsidiary of Johnson & Johnson Services), Cellnovo,, Insulet Corporation, Medtronic MiniMed, Ypsomed, F. Hoffmann-La Roche Ltd, SOOIL Development Co. ltd., Tand

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Market Overview:
Insulin Pump Market is expected to experience significant growth in coming years between 2017 and 2025. The market is expected to become $10.15 billion by 2025 at a growing CAGR of 8.36%. The market is primarily driven by rising incidence of diabetes worldwide. Diabetes is on the rise globally with a steady increase around the world especially in the world’s middle-income and young generation of the countries. According to World Health Organization’s Global Report on Diabetes published in 2016, the global prevalence of diabetes has nearly doubled between 1980 and 2014, rising from 4.7% to 8.5% of the adult population. In terms of number of patients, the prevalence increased from 108 million in 1980 to 422 million cases in 2014. With increasing awareness among diabetics about technologically advanced devices for treating diabetes, the market for insulin patch pumps is expected to witness favorable growth during the forecast period. However, the complexity of such devices can sometimes prevent people from readily adopting them thus restraining the market growth.

Competitive Outlook and Trend Analysis:
The key players operating in the global insulin pump market emphasize on product development in order to introduce improved diabetes management systems and capture a larger share of the market. Some of the major players in this market are, Animas Corporation (subsidiary of Johnson & Johnson Services), Cellnovo,, Insulet Corporation, Medtronic MiniMed, Ypsomed, F. Hoffmann-La Roche Ltd, SOOIL Development Co. ltd., Tandem Diabetes Care and Microport Scientific Corporation.

Regional Outlook and Trend Analysis:
North America held a significant share of the insulin pump market in 2016 due to the availability of FDA approved insulin pumps such as the OmniPod Insulin Management System manufactured by Insulet Corporation and V-GO disposable insulin delivery device manufactured by Valeritas, Inc. The Asia-Pacific market has not experienced any substantial growth due to lack of large scale adoption of advanced therapies for diabetes management but can experience favorable growth in coming years owing to increasing awareness related to diabetes management in the region.

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Insulin Patch Pump Market Segmentation:
By Product type of Insulin: Insulin Reservoirs/Cartridges, Infusion Sets: (Plastic Cannula & Steel Cannula), Infusion Set Insertion Devices, Insulin Pumps: (Smart Pumps, Disposable Insulin Pumps & Traditional Insulin Pumps) & Others

By Region: North America: (U.S, Canada & Mexico), Europe: (Germany, France, UK, Italy, Spain & Rest of Europe), Asia-Pacific: (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific) and Rest of the World: (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates & Others)

Insulin Type Outlook and Trend Analysis:
Insulin reservoirs are types of insulin pumps, which are involved in storing and delivering insulin either automatically or in response to instructions given by the pump wearer. It helps in feeding insulin to the patient’s body throughout the day and even can deliver larger doses when required by the patient. This pump also consists of infusion sets, which supports the pump for proper positioning. The infusion set consists of cannula (plastic or steel) which is inserted beneath the skin, through which insulin is delivered to the body as per programming. The increased incidence of diabetes and emergence of home infusion therapy will promote the growth of the market over the forecast period. However, lack of skilled professionals and side-effects of using insulin pumps may impede the growth of the market in the upcoming years.

Market Opportunities:
The key opportunity for the players operating in insulin pump market lies in the development of various types of insulin and insulin delivering devices and also increasing awareness towards diabetes. Apart from that, emergence of home infusion therapy and artificial pancreas will further broaden the opportunities of the key players to grow significantly over the forecast period. In addition, promotional activities related to product information and benefits in daily lives of individuals, will further increase demand of this market, creating a lucrative opportunities for growth, for the key players of this market.

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Major ToC of Insulin Pump Market:
Chapter 1. Introduction
1.1.Report Description
1.2.Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research

Chapter 2. Executive Summary
2.1.Key Highlights

Chapter 3. Market Overview
3.1.Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2.Market Share Analysis
3.3.Market Dynamics
3.3.1. Drivers
3.3.1.1.Rising Prevalence of Diabetes Globally
3.3.1.2.Increase in Adoption of Insulin Delivering Devices
3.3.2. Restraints
3.3.2.1.Lack of Skilled Professional for Handling The Device
3.3.2.2.Emergence of Low Cost Alternative Techniques
3.3.2.3.Threats of Getting Side-Effects
3.3.3. Opportunities
3.3.3.1.Increased Application of Artificial Pancreas and Home Infusion Therapy
3.4.Industry Trends

…CONTINUED FOR TOC

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