Abbott, Johnson & Johnson Market Share in Tubeless Insulin Pump Market|Key Players: Insulet Corporation, Medtrum Technologies Inc.
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The pods/patches tubeless insulin pump market should witness more than 20% CAGR over the coming years. Regular replacement of pods and high usage frequency will drive the escalated demand for these products. Tubeless insulin pump remote should grow in parallel with the pods segment. Although the replacement rate of remotes is not as high as that of pods, their initial capital requirement is higher. Increasing sales of new tubeless insulin pump will fuel the significant growth of the remote market.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Cellnovo Group SA
• Spring Health
• Debiotech SA
• Johnson & Johnson
• Insulet Corporation
• Medtrum Technologies Inc.
E-commerce held the largest market share in 2016 and will continue to be the biggest distribution channel for tubeless insulin pump over the forecast period. Its popularity should grow over coming years owing to rapid penetration of internet and ease of procurement from remote locations, the e-commerce will be the most popular channel for purchase of tubeless insulin pump. Hospitals has been the most popular distribution channel for insulin delivery and diabetic patient care. Many hospitals have started offering tubeless insulin pump to in-patient as well as out-patients stimulating the business growth over the forecast years.
Escalating prevalence of diabetes and obesity, growing geriatric population and technological advances in tubeless insulin delivery should drive the market size. According to WHO, diabetes will be the among the leading causes of death by 2030. These factors will prominently intensify the global usage of tubeless insulin pump over the forecast period.
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U.S. tubeless insulin pump market valued over USD 200 million in 2016 and anticipated to grow significantly over the coming years. Switching of insulin pump user from tubed to tubeless should be the major growth rendering factor. Moreover, increasing adoption of tubeless pump by first time users will fuel regional industry growth.
Tubeless insulin Pump market by component
Tubeless insulin Pump market by distribution channel
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