Market Research Future Has Published a Cooked Research Report on the Global Insulin Pumps Market Research Report – Global Forecast till 2023
Insulin Pumps Market analysis by key players, size, share, profile, trends, insights, dynamics, outlook, applications and segmentation, forecast to 2023. Global market of Insulin Pump is expected to reach USD 8520.9 Million at an 8.4% CAGR between 2017 and 2023.
The Insulin Pumps market is growing at the rapid pace; mainly due to the increasing prevalence of diabetic population. The Insulin Pumps, also known as continuous subcutaneous insulin, is adaptable and lifestyle friendly and is garnering huge popularity and advancement due to its programmable physiologic technique for insulin delivery.
Furthermore, the introduction of glucose sensors, gives exceptional access to a patient’s blood glucose levels alongside its prognosis, monitoring it constantly. Besides the ongoing research and development activities that are coordinating the two technologies, “sensor-augmented” and “sensor-driven” pumps to completely automated and independent sensing and delivery system are expected to support the market once completed.
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Additional factors substantiating the market growth include the rise in the obese population globally, which is acting as a key risk factor causing diabetes. Furthermore, the prevalence of Diabetes that is rising significantly, worldwide, is acting as a key driving force for the market growth. Also, technological advancement in drug delivery devices and growing global awareness of diabetic care is supporting the market growth.
The amount of population diagnosed with diabetes is projected to increase at a tremendous rate, thus, if current trends in diabetes occurrence rates continue linearly over the next 50 years, there would be an intense increase in the number of populations diagnosed with diabetes which will foster the demand for Insulin Pumps substantially. With increasing diabetic patients, the demand for insulin devices is expected to augment, thus resulting in increasing the consumption of Insulin Pumps globally and driving the global Insulin Pumps market.
Insulin Pumps Market Segmentation
The MRFR analysis is segmented into three key dynamics for the convenience of understanding;
- By Types, the Insulin Pumps market is segmented into Disposable Insulin Pumps and Traditional Insulin Pumps.
- By End-Users, the Insulin Pumps market is segmented into Hospital & Clinics, Home Care, and Laboratories, among others.
- By Regions, the Insulin Pumps market is segmented into North America, Europe, APAC and the Rest-of-the-World (RoW)
Insulin Pumps Market Regional Insights:
The Insulin Pumps market in Europe is projected to accrue USD 2,784.5 Mn. by 2023, registering a CAGR of 8.7% during the assessment period.
The North America region had accounted for the leading market for Insulin Pumps globally, capturing the largest market share in 2016. This growth attributes to the increasing technological advancements in the healthcare industry and the growing diabetic population in the region.
The Asia Pacific Insulin Pumps market is expected to grow at 8.9% CAGR during the forecast period 2017-2023, emerging as one of the promising markets.
Browse the market data and information spread across pages with data tables and figures of the report “Insulin Pumps Market Share, Trends and Growth Analysis By Type (Traditional Insulin Pumps, Smart Insulin Pumps and Disposable Insulin Pumps), Accessories (Insulin Reservoirs, Infusion Sets and Infusion Set Insertion Devices), Application (Type I Diabetes and Type II Diabetes), End User (Hospitals and Clinics, Home Care, Laboratories) and Region (North America, Europe, Asia-Pacific and Middle East & Africa) – Global Forecast till 2023” in depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/insulin-pump-market-1637
Insulin Pumps Market Key Players:
The fervent players leading the global Insulin Pumps market include
- Hoffmann-La Roche AG
- Medtronic
- Braun Melsungen AG
- Abbott Laboratories
- Dickinson and Company
- Sanofi
- Becton
- Insulet Corporation
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