Insulin Pump Market Aggressive Scenario of 2023 - Braun Melsungen AG, F. Hoffmann-La Roche AG, Medtronics, Abbott Laboratories, Becton, Dickinson and Company, Sanofi Etc.

The Global Insulin Pump Market is expected to reach a valuation of USD 8520.9 million by the end of the 2017-2023 forecast period, rising at a robust 8.4% CAGR.

Global Insulin Pump Market - Key Players

Some of the key players in this market are:

Braun Melsungen AG
Hoffmann-La Roche AG
Medtronics
Abbott Laboratories
Becton, Dickinson and Company
Sanofi
Insulet Corporation

Industry/ Innovation/ Related News:

July 03, 2018 – Insulet Corporation (Canada), one of the leading companies involved in tubeless insulin pump technologies including Omnipod® Insulin Management System, announced that its Omnipod System had been selected as the preferred insulin pump for diabetic patients in the province, under the expanded British Columbia PharmaCare insulin pump program.

June 25, 2018 - Tandem Diabetes Care, a medical device company, and manufacturer of the only touch-screen insulin pumps available in the United States, announced receiving the approval from the U.S. FDA for its t: slim X2 Insulin Pump with Basal-IQ technology. Basal-IQ is predictive low glucose suspend (PLGS) feature designed to help reduce the frequency and duration of hypoglycemia.

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June 22, 2018 - Medtronic, (Ireland) a leading global prescribed insulin pump company announced that the U.S. FDA has approved its MiniMed 670G hybrid closed-loop insulin pump system to be used for children between the age group of 7 and 13 and have Type 1 diabetes, an incurable autoimmune condition that prevents the pancreas from producing insulin.

Global Insulin Pump Market – Overview

The Global Insulin Pump Market is given a thorough look-over in the new report from Market Research Future (MRFR). The Global Insulin Pump Market’s inner dynamics are revealed in detail in the report with the help of accurate data, precise analysis, and valuable inputs from the industry’s current leading lights.

The segmentation of the global insulin pumps market is presented in detail in order to provide readers with a clear picture of the market’s granular composition. Drivers and restraints affecting the market are also analyzed in detail in order to gain a clear picture of the factors helping the market grow and those that stand as obstacles in the market’s path.

The development of technologically advanced insulin pumps that can be easily incorporated into the motions of a diabetes patient’s daily life has changed the game for the global insulin pumps market. Technological development in healthcare devices is a major part of healthcare research and is likely to remain the same over the forecast period, driving the global insulin pumps market.

Global Insulin Pump Market - Key Findings

The Global Insulin Pump Market is expected to reach USD 8520.9 million by 2023.

By types, Traditional insulin pump segment holds the largest market share of Global Insulin Pump market and is expected to reach USD 4587.5 million by 2023.

By End User, Home Care segment is expected to grow at a fastest CAGR of 8.9%.

Global Insulin Pump Market - Segments

For the convenience of understanding, MRFR has segmented the report into three key dynamics.

By Types: Comprises Disposable insulin pump and Traditional insulin pump among others

By End-Users: Hospital & Clinics, Home Care, and Laboratories, among others.

By Regions: North America, Europe, APAC and Rest-of-the-World (RoW).

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Global Insulin Pump Market - Regional Analysis

In 2016, the North America market accounted for the leading market globally, capturing the largest market share in 2016. Factors supporting the market growth include increasing technological advancements in the healthcare industry and growing diabetic population in the region.

The Europe Insulin Pump market is expected to reach USD 2,784.5 million by 2023, growing at a CAGR of 8.7% during the review period.

Asia Pacific Insulin Pump market emerging as one of the promising markets is expected to grow at 8.9% CAGR during the forecast period 2017-2023.

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