India Insulin Pumps Market - Growth Opportunities Created by Covid19 Outbreak. Prominent Players : Medtronic

The India insulin pumps market size is projected to reach USD18.5 million by 2025, exhibiting a CAGR of 9.0% during the forecast period. However, the market was worth USD 11.3 million in 2018. This information is published in a recent report by Fortune Business Insights, titled, "India Insulin Pumps Market Size, Share & Industry Analysis, By Product (Insulin Pumps (Tethered Pumps and Patch Pumps) and Consumables (Reservoirs, Infusion Sets, and Others) and Region Forecast, 2019-2025." The report further states that the incidence of diabetes is over 8.8% in adults in this country. However, in 2017, there were approximately73 million cases of diabetes here. In 2018, the WHO declared that, by 2030, around 98 million people are anticipated to be affected by type-2 diabetes in India.

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The report covers :
o Global India insulin pumps market trends, with detailed analysis on consumer trends & manufacturer trends.
o Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
o Key areas of investments identifying market opportunities and challenges in forecast time frame.
o Competitive analysis of the industry players along with the overview on strategic management.
o Comprehensive company profiles of the major industry players.

An Overview of the Impact of COVID-19 on this Market :
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of corona virus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this [Market].
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Leading Players operating in the India Insulin Pumps Market are :

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
o Medtronic

Introduction to Advanced Technologies Will Boost Growth of Market
Different types of insulin pumps are available according to the amount of insulin they can hold. Nowadays, owing to the rising technological advancements, numerous safety features are being introduced in the insulin pumps. It is, in turn, increasing the demand for these pumps in the country. Moreover, the key manufacturers are implementing attractive features, namely, customizable alerts and reminders in the insulin pumps.
Medtronic, a prominent player in India, is currently offering an insulin pump that can be programmed to provide a specific amount of insulin at various rates throughout the day. It is capable of changing the amount ofpost-meal insulin based on the type of food a patient consumes. These factors are expected to propel the India insulin pumps market growth during the forthcoming years.

Patch Pumps Sub-segment to Dominate Owing to Clinically Proven Benefits
The India insulin pumps market consists of only the type segment. But based on type, the market is grouped into insulin pumps and consumables. In terms of insulin pumps, the market is further segregated into sub-segments, such as patch pumps and tethered pumps. By consumables, the market is fragmented into infusion sets, reservoirs, and others.

The patch pumps sub-segment is expected to grow at a fast pace by showcasing a high CAGR in the coming years. It would also acquire the maximum India insulin pumps market share. The growth is attributable to their rising popularity in the country because of their clinically proven convenience and benefits. These pumps can be controlled wirelessly by another device. The device will program the insulin delivery from the patch. They can also be kept in a single case without tubing, unlike the tethered pumps. Also, they can be attached to the body withself-adhesive.
The consumables segment dominated in 2018 in terms of India insulin pumps market revenue. It is projected to retain its position throughout the forecast period. The main reason for this is Medtronic's active participation in strategic partnerships with other reputed healthcare facilities. Additionally, there is a rise in the number of awareness campaigns amongst the masses regarding the usage of insulin pumps over needles and pens. Lastly, the growing diabetic population would also contribute to growth.

Medtronic Recalls Around 5,000MiniMed Infusion Sets from India Stoked by Malfunction
September 2017: Medtronic announced that it has voluntarily recalled certain lots of Mini Med from India. It is an infusion set that is used with almost all the models of its insulin pumps around the world. The recalled Indian lot contains around 5,000 sets. The decision was taken as one of the components of each of these sets malfunctioned. The malfunction might have causedlow blood sugar in patients. Mini Med infusion sets provide insulin from the pump to the diabetic patient's body. Each set consists of a cannula, a tubing connector, and a disposable tube.

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