Insulin Pumps Market: Industry Analysis, Opportunity and Forecast to 2027
Insulin Pumps Market
The market for insulin pumps is set to reach US$8,520.9 million by 2023. The global market is anticipated to witness growth owing to the factors such as growing prevalence of diabetes as well as the increasing awareness about the disease . However, the market will face challenges and restraints due to expenses associated with insulin and the rise in insulin cost during the forecast period.
The global Insulin Pumps Market, during the forecast period, will register growth at a CAGR of 8.4%.
The growing development activities in the market is set to play a key role in determining the growth potential during forecast year. Analysts have also studied the market to understand potential threats and challenges the insulin pumps market companies could face. Although the market is poised to grow at a fast pace across type, accessories, end-users, and applications segments, factors such as the growing inclination towards naturopathy could slow down the insulin pumps market’s growth worldwide.
Major Key Players:
Insulet Corporation, Dickinson and Company, Hoffmann-La Roche AG, Abbott Laboratories, Braun Melsungen AG, Medtronics, Becton, Sanofi
Segment Analysis
The insulin pumps market has been segmented into type, accessories, end-users, and applications. Based on the segment which is type, the market is categorized on the basis of disposable insulin pumps, smart insulin pumps, solo insulin pumps and traditional insulin pumps. The global market for insulin pumps is further segmented based on accessories into infusion set insertion devices, infusion sets, and insulin reservoirs. Furthermore, the market, on the basis of end-users is segmented into home care, hospitals and clinics, and laboratories. Based on the segment which is applications, the market is categorized on the basis of Type I Diabetes and Type II Diabetes.
The global market research report covers all the aspects of the insulin pumps market based on the segmental analysis of these types, accessories, end-users, and applications segments. Analysts have also studied the global market’s regional markets spread across many continents and countries. The type, accessories, end-users, and applications segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from insulin pumps market based decision makers as well as primary and secondary sources. The market research report presents analysis based information for companies functioning in the insulin pumps market.
Regional Analysis
The rising belief in naturopathy may hinder the market growth. The market research report suggests that companies in the insulin pumps market could be supported by the expanding geriatric population as well as the increasing development activities during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global market research report reveals that APAC, North America, and Europe regional insulin pumps markets will dominate the global market for insulin pumps during the forecast period 2017 to 2023. As per market analysts, the market is set to witness tremendous growth across smart insulin pumps and infusion sets segments in APAC and North America which covers insulin pumps markets across the United States, Canada, Mexico and several other regional markets. Companies active in the market are also analyzed and studied in the insulin pumps market research report.
Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the market research report covers the Asia-Pacific region covering insulin pumps markets from India, China, Japan, Australia, and others. The market is also spread across the rest of the world. The market report covers all such regions including the Middle East, Africa, Brazil, and others.
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