Insulin Pumps Market Outlook to 2025 - MicroPort Scientific Corporation, Valeritas, F. Hoffmann-La Roche, Ypsomed AGand, Insulet Corporation, Medtronic, Tandem Diabetes Care, Debiotech S.A, CELLNOVO, SOOIL Developments

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According to a new market research study titled ‘Insulin Pumps Market to 2025 – Global Analysis and Forecasts by Product, Type and Application, the global insulin pumps market was valued at US$ 3,822.44 Mn in 2017 and is estimated to reach US$ 8,264.01 Mn by 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 deterrents to its growth.

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The global insulin pumps market is a mature market in current scenario, in the developed countries as well as in developing economies worldwide. Over the past few years, products with increased technology with more effective benefits is a major requirement in the treatment for diabetes. The advancement and development in the treatment is increasing in the last few years. As the prevalence of diabetes is increasing across the world, the demand for more products with advancements is also boosting up. Hence, over the years, researchers have been carrying out research activities which have resulted to product innovations.

The gobal insulin pumps market is segmented on the basis of product, type and application. Based on product, the market is bifurcated into pumps and accessories. By type, the insulin pumps market is segmented into tethered and untethered types. On the basis of application segment, the market is classified as type I diabetes and type II diabetes. The increasing geriatric population is the considerable factor that is helping to boost the growth of the market in the forecast period. However, the availability of alternatives for insulin delivery pumps is expected to hamper the growth of the market.

The increasing product development with advanced technology is expected to provide impetus for the growth of the insulin pumps market during the forecast period. For instance, the Guardian Connect system, by Medtronic, developed the advanced feature including alert system that helps in aware people about potential high or low glucose level events, up to 60 minutes in advance. The system is proven in a clinical study to accurately alert patients of 98.5 % of hypoglycemic events. Moreover, the Accu-Chek Solo micropump system by Roche comprise detach and re-attach function of pump without wasting insulin.

Type II diabetes is also contribute the significant role in increasing the growth of the insulin pumps market. Type II diabetes is a condition in which body does a poor job and turning the carbohydrates in food into energy that cause sugar (glucose) to build up in the blood. In turns, the risk upsurge to get heart disease, blindness, nerve and organ damage, and other serious conditions. According to the Centers for Disease Control and Prevention (CDC), approximately 14%, or 3.2 million people estimated to manage their diabetes with insulin only in the United States. Insulin pumps are used to for curing the people with type II diabetes that help in makes insulin to control the blood sugar levels

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The key players operating in the field of insulin pumps market worldwide 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 AGand and among others.

The report segments the global Insulin Pumps market as follows:

• Global Insulin Pumps Market – By Product

• Pumps
• Accessories

• Global Insulin Pumps Market – By Type

• Tethered
• Untethered

• Global Insulin Pumps Market – By Application

• Type I Diabetes
• Type II Diabetes

• Global Insulin Pumps Market – By Geography

• North America
 U.S.
 Canada
 Mexico

• Europe
 UK
 Germany
 France

• Asia Pacific (APAC)
 Japan
 China
 India

• Middle East & Africa (MEA)
 Turkey
 South Africa
 UAE
 Saudi Arabia

• South & Central America (SCAM)
 Brazil
 

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This release was published on openPR.