Press release
Insulin Pump Market: Size, Trends, and a CAGR of 15.6% Forecast for 2024 - 2032
The Global Insulin Pump Market was valued at USD 4.62 Billion in 2024, and is anticipated to reach USD 14.73 Billion by 2032, exhibiting a CAGR of 15.6% during the forecast period 2024 to 2032.Insulin Pump Market reports include global, regional, and country-level market size, segmentation market growth, market share, competitive environment, sales analysis, domestic and global market player impact, value chain optimization, trade regulation, recent developments, Opportunity Analysis, and strategic market growth analysis. Latest report on Insulin Pump Market is new and established by enabling them to gain a better understanding of gain insights into industry events and past and present industry events that have a significant impact on the global market. Growth over the next few years of data designed to give players a strategic advantage. The survey provides up-to-date information. The industry is driven by the growing demand for total volume management analysis includes product segments, application segments, and geographic landscapes.
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Top Companies in Global Insulin Pump Market
• Medtronic PLC (Ireland)
• Hoffmann-La Roche Ltd. (Switzerland)
• Tandem Diabetic Care Inc. (US)
• Insulet Corporation (US)
• Ypsomed Holdings (Switzerland)
• Cellenovo Ltd. (UK)
• Sooil Development (South Korea)
• Valeritas Inc. (US)
• JingasuDelfu Co. Ltd. (China)
The CAGR for each segment of the portable power tool industry and the global market (overall) is clearly shown. In addition, global and regional Insulin Pump Market supply chain insights provide important information about retailers, distributors, and key end-users. It also outlines import/export scenarios, influences, and other factors to provide a complete and thorough picture of market conditions.
The Insulin Pump Market Report is a systematic and detailed analysis that provides a comprehensive overview of the industry, including recent developments and potential scope in terms of products and services. The importance of the various factors that drive market growth can be distinguished by understanding the parts.
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List of Leading Players in Insulin Pump Market
By Type
• Patch Pumps
• Tethered Pumps
By Product
• MiniMed (630G, 670G, & VEO)
• Accu-Chek (Combo, Insight, & Solo)
• Tandem (T: slim X2, G4, T: flex Delivery System)
• Omnipod
• My Life Omnipod
• Other Products
By Accessories
• Insulin Reservoir or Cartridges
• Insulin Set Insertion Devices
• Battery
By End Use
• Hospitals & Clinics
• Homecare
• Laboratories
Leaders in the integrated Insulin Pump Market operate in a highly competitive environment and must embrace unprecedented progress in order to benefit from new and future information technologies and industry trends. Continuous innovation is essential to driving the market growth. Suppliers need to keep up with advanced technology as well as implement new concepts and innovations to maintain stability in highly competitive markets. Improvements in product technology improve product performance for total volume control and reduce costs.
Report Highlights
➤To carefully analyze and forecast the size of the Insulin Pump Market by value and volume.
➤To estimate the market shares of major segments of the Insulin Pump Industry
➤To showcase the development of the Insulin Pump Market in different parts of the world.
➤To analyze and study micro-markets in terms of their contributions to the Insulin Pump Market, their prospects, and individual growth trends.
➤To offer precise and useful details about factors affecting the growth of the Insulin Pump Industry
➤To share detailed information about the key factors influencing the growth of the Insulin Pump Industry (growth potential, opportunities, drivers, industry-specific challenges and risks).
➤To project the size of Insulin Pump Industry submarkets, with respect to key regions (along with their respective key countries).
➤To analyze competitive developments such as agreements, expansions, new product launches and acquisitions in the Insulin Pump Market.
Regional Outlook
■ North America(USA and Canada)
■ Europe(UK, Germany, France and the rest of Europe)
■ Asia Pacific(China, Japan, India, and the rest of the Asia Pacific region)
■ Latin America(Brazil, Mexico, and the rest of Latin America)
■ Middle East and Africa(GCC and rest of the Middle East and Africa)
Read Full Research Report with [TOC] @ https://www.vantagemarketresearch.com/industry-report/insulin-pump-market-1941
The Comprehensive Insulin Pump Market Management Industry Report provides a clear overview of current market scenarios, including past and projected market size, in terms of value and quantity, technological advances, macroeconomic and market dominance factors.
Geographically, the Insulin Pump Market report is divided into several key regions, covering cutting tool sales, revenue, market share, and growth rates in these regions from 2024 to 2032.
North America (US, Canada, Mexico) Europe (Germany, UK, France, Italy, Russia, Turkey, etc.) Asia Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, Vietnam) South America (Brazil, Argentina, Colombia, etc.) The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria, South Africa)
Key Highlights of the Insulin Pump Market Report:
★ Forecast of annual growth of the market and its submarkets.
★ The impact of the Covid-19 pandemic on the business arena.
★ Market trends.
★ The strengths and weaknesses of indirect and obvious distribution platforms.
★ Proven distributors, traders, and sellers.
Recent Developments
• In March 2024, Sequel's Twist Automated insulin delivery system received FDA Clearance. System features and benefits for people with type 1 diabetes. The twist system is the first to directly measure insulin delivered with each dose. This allows for more precise insulin control. The system also integrates with Tidepool Loop technology, which uses CGM readings to adjust insulin delivery.
• In February 2023, Roche Diabetes Care Inc. announced 510(k) approval for premarket for their Accu-Chek Solo micropump system with interoperable technology. Post this approval Roche can sell this micropump system without needing full FDA premarket approval because it's similar to already approved devices. The document specifies the regulatory class (Class II) and product code (QFG) for the device.
• In February 2023, Insulet Corporation acquired a portfolio of patents related to insulin pump technology from Bigfoot Biomedical for USD 25 Million. This acquisition aimed to strengthen Insulet's intellectual property portfolio in the field of diabetes management devices, including insulin pumps.
All reports on the list track the market impact of COVID-19. While doing this, both upstream and downstream of the entire supply chain are considered. It also provides supplements for additional COVID-19 updates, if possible. Please check with the sales team.
It's a competitive world out there and if you want to survive, you need to grow. We've outlined several growth strategies you can use for your Insulin Pump Market business next year. As we enter the new year, it's important that you stay one step ahead - and not just of your competitors, but your customers, too. Use these trends and information to kick start your growth engines and make 2024 a profitable growth year in your Insulin Pump Market.
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