Insulin Pumps Market Outlook to 2025 - Debiotech, CELLNOVO, SOOIL Developments, MicroPort, Scientific Corporation, Valeritas, Insulet Corporation, Medtronic, Tandem Diabetes Care, F. Hoffmann-La Roche Ltd., Ypsomed AGand
This report focuses on the Insulin Pumps Market Size, Revenue, Share, status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Insulin Pumps development in North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA).
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The players operating in the market for insulin pumps market across the globe include Insulet Corporation, Medtronic, Tandem Diabetes Care, Inc, Debiotech S.A, CELLNOVO, SOOIL Developments Co., Ltd, MicroPort Scientific Corporation, Valeritas Inc., F. Hoffmann-La Roche Ltd., Ypsomed AG and among others. Many other companies are providing products for insulin pumps that owing to the potential improvements related to accuracy, and operational efficiency.
Increasing Technological Advancement in Insulin Pump is Expected to Accelerate the Growth of Insulin Pumps Market from 2018 to 2025. The global insulin pumps market is expected to reach US$ 8,264.01 Mn in 2025 from US$ 3,822.44 Mn in 2017. The market is estimated to grow with a CAGR of 10.5% from 2016-2025.
The report highlights the trends prevalent in the global insulin pumps market and the factors driving the market along with those that act as restraints to its growth. The global insulin pumps market is witnessing a sheer rise in the current scenario and is expected to expand in the coming years. Technological advancement in insulin pumps is one of the major factor that expected to impel the demand of advanced wound care.
The global mhealth market is witnessing a sheer rise in the current scenario and is expected to expand in the coming years. However, high cost of insulin pumps is also expected to hinder the market growth. Insulin pumps is a treatment option for adults with type I diabetes who either have HbA1c above 69 mmol/mol (8.5%) or experienced disabling hypoglycaemia. According to the Academy of Managed Care Pharmacy, the cost of the insulin pumps cost is approximately between $4,500 and $6,500 for individuals and without insurance. The price of the insulin pumps varies that depending upon the features, brand and size of the pump.
For instance, the Accu-Chek Spirit Insulin Pump costs is about $4,600 which includes a feature that is a software that allows readings to be downloaded to a personal digital assistant (PDA). Furthermore, the pump named Minimed Paradigm 522 is more expensive that retailing at about $5,200 with more features. Thus, the increasing cost of the products expected to hinder the growth of the insulin market in the forecast period.
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The growing partnerships and collaboration for expanding product portfolio and business expansion are also help the market to grow in the coming years. For instance, in December 2016, the Medtronic and Fitbit entered into a partnership to incorporate health and activity tracking for patients suffering from diabetes.
The iPro(TM) 2 myLog mobile app permit the patients with type II diabetes to check their glucose level and data of physical activity in the application. The partnership integrates Medtronic's high-level medical technology with an automatic activity tracking offered by Fitbit to give insights about exercise over glucose levels to their users.
The report segments the global Insulin Pumps market as follows:
• Global Insulin Pumps Market – By Product
• Global Insulin Pumps Market – By Type
• Global Insulin Pumps Market – By Application
• Type I Diabetes
• Type II Diabetes
• Global Insulin Pumps Market – By Geography
• North America
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• South & Central America (SCAM)
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Key Benefits of Buying this Research Study:
1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Insulin Pumps Market
2. Highlights key business priorities in order to assist companies to realign their business strategies
3. The key findings and recommendations highlight crucial progressive industry trends in the Insulin Pumps Market, thereby allowing players across the value chain to develop effective long term strategies
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
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