According to the publisher, Global Insulin Pump Market is estimated to reach US$ 20.91 Billion by 2027. Insulin pumps are compact electronic medical devices that can be fastened to a belt, hidden in a pocket, or worn under clothing. Besides, to regulate the rise in blood glucose levels, the pump delivers controlled quantities of insulin into the body at regular intervals, based on the consumer's basal and bolus rates. Furthermore, it works with a needle and a flexible catheter to inject insulin straight into the fatty tissue, subsequently taped and fastened. In addition, insulin pumps help people with type 1 and type 2 diabetes by giving them more food options and eating schedule flexibility and reducing the number of injections they need.Global Insulin Pump Market was US$ 15.43 Billion in 2021
Global Insulin Pump Market Size Is Expanding with a CAGR Of 5.20% During 2021-2027
The rising prevalence of diabetes and increased health awareness have been prevalent. Furthermore, because diabetes can lead to other chronic illnesses, including kidney failure, stroke, paralysis, and blindness, manufacturers focus more on developing adaptable and economical technologies like insulin pumps. The demand for efficient insulin pumps has also increased due to the development of very accurate glucose sensors and blood monitoring systems. Furthermore, recent market expansion has been aided by factors such as rising per capita healthcare spending and increased research and development for improving the functionality of insulin pumps.COVID-19 Impact Analysis on Global Insulin Pump Industry
According to the IDF, diabetic people were more likely to get COVID-19 disease and experience severe symptoms. As a result, during the COVID-19 pandemic, demand for insulin pumps for at-home use skyrocketed. As a result of the epidemic, the homecare insulin pump business exploded worldwide. Moreover, demand for automated and efficient insulin pumps skyrocketed during the epidemic. Moreover, as per our analysis, Global Insulin Pump Market was US$ 15.43 Billion in 2021.Segment Analysis in Global Insulin Pump Market
In our report, the Global Global Insulin Pump Market is studied for the market in the United States, United Kingdom, Israel, Germany, Netherlands, Sweden, France, Switzerland, Australia, Japan, Canada, Kuwait, Saudi Arabia, and Italy and Spain. Further, the market in detail is categorized based on Diabetes Population (Type 1 and Type 2), Insulin Pump Market Analysis (Insulin Pump User (Type 1 and Type 2) & Insulin Pump Market (Type 1 and Type 2)), and Reimbursement Policies on Insulin Pump.Competitive Landscape
The Global Insulin Pump Market is highly competitive, competing with only a few companies. Medtronic, Insulet Corporation, Tandem Diabetes Care, and Roche are the critical players profiled in our analysis. These companies control a large percentage of the worldwide market. In addition, they are constantly expanding into new markets to generate new revenue streams and enhance old ones. The acts of these market participants will create a competitive environment, forcing businesses to experiment with the latest technology to keep their products unique. Companies are also collaborating to expand their technological understanding and reduce the time it takes to develop a product.The publisher's latest report “Global Insulin Pump Market, Global Forecast, By Differentiation Points, Products (Medtronic 530G with Enlite, InsuletOmniPod, Tandem t:slim and Roche Accu-Chek Combo), By Countries (United States, United Kingdom, Israel, Germany, Netherlands, Sweden, France, Switzerland, Australia, Japan, Canada, Kuwait, Saudi Arabia, Italy and Spain), Country Insights (Diabetes Population (Type 1 and Type 2), Insulin Pump Market Analysis (Insulin Pump User (Type 1 and Type 2) & Insulin Pump Market (Type 1 and Type 2)) and Reimbursement Policies on Insulin Pump), Companies (Medtronic, Insulet Corporation, Tandem Diabetes Care and Roche)” provides a detailed analysis of Global Insulin Pump Industry.
The above-mentioned countries have been covered from 3 viewpoints
1. Diabetes Population- Type 1
- Type 2
- Insulin Pump User (Type 1 and Type 2)
- Insulin Pump Market (Type 1 and Type 2)
Countries - Insulin Pump Market & Users, Diabetes Type 1 & 2 Population of all the 15 Countries Covered in the Report
1. United States2. United Kingdom
3. Israel
4. Germany
5. Netherlands
6. Sweden
7. France
8. Switzerland
9. Australia
10. Japan
11. Canada
12. Kuwait
13. Saudi Arabia
14. Italy
15. Spain
Differentiation Points, Products Available Worldwide have been covered from 4 viewpoints
1. Medtronic 530G with Enlite2. InsuletOmniPod
3. Tandem t:slim
4. Roche Accu-Chek Combo
Company Insights
- Overview
- Recent Development
- Revenue
Companies Covered
1. Medtronic2. Insulet Corporation
3. Tandem Diabetes Care
4. Roche
What is the estimated value of the Global Insulin Pump Market?
What is the growth rate of the Global Insulin Pump Market?
What is the forecasted size of the Global Insulin Pump Market?
Who are the key companies in the Global Insulin Pump Market?
Report Attribute | Details |
---|---|
No. of Pages | 440 |
Published | September 2022 |
Forecast Period | 2021 - 2027 |
Estimated Market Value ( USD | $ 15.43 Billion |
Forecasted Market Value ( USD | $ 20.91 Billion |
Compound Annual Growth Rate | 5.2% |
Regions Covered | Global |
No. of Companies Mentioned | 4 |
Table of Contents
Companies Mentioned
- Medtronic
- Insulet Corporation
- Tandem Diabetes Care
- Roche
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
LOADING...