Press release
The Insulin Pump Market to Worth USD 6 Billion by 2028 - Exclusive Focus Insight Report by Arizton
INSULIN PUMP MARKET - GLOBAL OUTLOOK AND FORECAST 2023-2028
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Advances in insulin delivery for diabetic patients are highly accepted worldwide, giving a new direction to diabetes management. Over the last decades, several improvements have been registered in the insulin pump market enhancing diabetes management and driving market growth. The explosion in R&D and published studies about the closed-loop system in diabetes management gives new market growth opportunities. Several hybrid systems are expected to be commercialized in insulin delivery solutions. Moreover, advanced closed-loop systems combine a predictive algorithm with user control. These systems develop advanced features such as a predictive algorithm that allows accounting CGM values and insulin on board (IOB), consideration of user's settings, and carbohydrates that help them automatically adjust the insulin delivery.
INSULIN PUMP MARKET DYNAMICS
Drivers
• Increase in the Prevalence of Diabetes & Expenditure
• Government Initiatives for Diabetes Care Management
• Available Reimbursement Policies and Healthcare Insurance for Insulin Pumps
Restraints
• High-cost Burden of Insulin Pumps.
• Available Alternative Solutions for Insulin Pumps.
• Increase in Undiagnosed Diabetic Population.
Opportunities
• New Product Launches and Technological Advances in Diabetes Care.
• Increase in Demand for Closed loop Technology.
• The transition of Patients from Multiple Daily Injections to Insulin Pumps.
F-Halfmann la Roche has a Diabetes Care Middle East unit in the UAE. It is one of the leading market players operating in the region, offering advanced insulin pump systems. The company has achieved strong market penetration in a short period. The company offers an Accu-Check Combo insulin pump and Accu-Check Solo Tubeless Patch Pump. With prioritizing patient needs, the company continuously invests in clinical studies and trials to ensure that evidence trials are established. Moreover, one of the leading insulin pump market companies, Medtronic, plays a vital role in Middle East Africa, offering comprehensive ranges of insulin pump systems. In 2022, Insulet Corporation, one of the leading companies, started offering tubeless insulin pump technology with its brand Omnipod insulin pump system and is celebrating representation and inclusion for the diabetes communities through activation in the most popular Nintendo video game animal crossing.
APAC TO WITNESS FASTEST GROWTH RATE IN THE INSULIN PUMP MARKET
APAC is a rapidly growing market for insulin pumps with a significant volume of the diabetic patient population and rising diabetes health expenditure. China is one of the dominating countries for insulin pumps, with the high expenditure and highest diabetic patient population across the world. In addition, the access and continuous development of insulin pump delivery devices increase awareness among the people. The available market players, R&D, product launches, and upgradation in the country accelerate the availability of insulin pumps. Moreover, in Japan, the rising type 1 diabetic patient population with high demand for safer insulin delivery solutions propels the market growth. In addition, market players, such as Terumo Corporation, are stepping up for insulin pump delivery in the regional and global markets, thereby giving new shape to the market landscape in the country.
WHY SHOULD YOU BUY THIS RESEARCH REPORT?
• Market Revenue 2022-2028
• Market Segmentation Analysis
• Latest and innovative technologies.
• COVID-19 impact analysis of the industry.
• Company profiles of major and other prominent vendors.
• Industry shares of major vendors.
To Know More, Click: https://www.arizton.com/market-reports/insulin-pump-market
KEY COMPANY PROFILES
• Insulet Corporation
• Medtronic
• Tandem Diabetes Care
• CeQur Simplicity
• EOFLOW
• Debiotech SA
• F-Hoffmann-La Roche
• Medzer.com
• MicroPort Scientific
• Novo Nordisk A/S
• SOOIL Developments Co., Ltd.
• Terumo
• ViCentra B.V.
• Ypsomed
• Mannkind
MARKET SEGMENTATION
Products
• Pump
o Tethered Pump
o Patch Pump
• Consumables
Disease
• Type 1 Diabetes
• Type 2 Diabetes
End-Users
• Hospital
• Home Healthcare Settings
• Others
Geography
• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
• APAC
o China
o Japan
o India
o Australia
o South Korea
• Latin America
o Brazil
o Mexico
o Argentina
• Middle East & Africa
o Turkey
o Saudi Arabia
o South Africa
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We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
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