Insulin Pump Market Analysis By Types (Disposable Insulin Pump and Traditional Insulin Pump), End Users (Home Care, Laboratories, Hospital & Clinics), Regional Outlook, Size, Share, Upcoming Trends, and Leading Companies, Forecast To 2023
Insulin Pump Market size is expected to reach USD 8.52 billion with growing CAGR of 8.4% by 2023. An Insulin Pump is a small electronic device which provides the insulin to body requires whole day and nights. There two types of insulin pumps tethered pump and a patch pump. it regulates blood sugar level and beneficial compared to multiple daily injections, highly convenient to use, offers tremendous flexibility, and gives a detailed record of insulin dose, blood sugar value and carb.
There are several factors responsible for propelling the growth of the insulin pump market. These factors include
- Rising incidence of diabetes
- Benefits over injections such as flexibility
- Glucose control
- Growing awareness about insulin pumps among the population
- Rise in geriatric population
- Preference for methods that are non-invasive and technological development.
On the contrary, high costs of such devices, skin infection and lack of skilled professionals are factors that may hinder the insulin pump market growth.
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Insulin Pump Market Top Companies
Top Key players profiled in the Insulin Pump Market include
- Dickinson
- Company
- Becton
- Insulet Corporation,
- Hoffman-La Roche AG
- Abbott Laboratories
- Sanofi
- Medtronics
- Braun Melsungen AG
Insulin Pump Market Segmentation
Insulin Pump Market Segmented based on
- type
- end use
Based on type, it is segmented into
- disposable
- traditional insulin pumps
Based on end use, the insulin pump market is segmented into
- laboratories
- home care
- hospitals
Regional Analysis
By region, the Insulin Pump Market Segmented to
- North America,
- Europe,
- Asia Pacific
- Rest of the World.
Drivers
- Increasing Prevalence Of Diabetes
- Rise In Global Obesity Population
- Technological Advancement In Drug Delivery Devices
- Growing Global Awareness Of Diabetic Care
- Restraints
- Risks And Disadvantages Associated With Insulin Pumps
- High Costs Of Insulin And Insulin Pumps
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