A recent report published by Infinium Global
Research on the insulin pumps market provides an in-depth analysis of segments and
sub-segments in the global as well as regional insulin pumps market. The study
also highlights the impact of drivers, restraints, and macro indicators on the
global and regional insulin pumps market over the short term as well as long
term. The report is a comprehensive presentation of trends, forecasts, and dollar
values of the global insulin pumps market. According to the report, the global
insulin pumps market is projected to grow at a CAGR of 14% over the forecast
period of 2022-2028.
Market Insight
The revenue generated by the insulin pumps market was approximately USD 5 billion in 2022 and is expected to
reach approximately USD 8 billion in 2028. and is expected to grow with a CAGR
of more than 14.5% by 2028. Insulin pumps are portable devices attached to
the body that continuously deliver amounts of rapid or short-acting insulin
through a catheter placed under the skin. These are better alternatives to
insulin injections as they reduce the need for multiple insulin injections per
day and give the user an increased ability to control blood glucose levels.
Approximately 1 in 1,000 people with diabetes wear an insulin pump. An insulin pump
consists of the main pump unit which holds an insulin reservoir that typically
holds between 176 and 300 units of insulin. The reservoir is attached to a
long, thin piece of tubing with a needle or cannula at one end. The tubing and
the bit at the end are called the infusion set. Insulin pump therapy is also
referred to as continuous subcutaneous insulin infusion therapy.
Rise in base of the geriatric
population, increasing incidence rates of diabetes worldwide, benefits of
insulin pumps over injections such as improved glucose control, convenience,
and flexibility; growing awareness among the population, and increasing
preference for non-invasive methods are expected to drive the market at a
significant growth rate in the coming years. However, skin infection, weight
gain, and high costs associated with these devices are some of the restraining
factors which could hinder the market. New opportunities are expected to arise
as new technological advancements are expected to make insulin pumps more
efficient in working and more user-friendly which in turn is expected to bring
new opportunities.
Rise in base of the geriatric
population, increasing incidence rates of diabetes worldwide, benefits of
insulin pumps over injections such as improved glucose control, convenience,
and flexibility; growing awareness among the population, and increasing
preference for non-invasive methods are expected to drive the market at a
significant growth rate in the coming years. However, skin infection, weight
gain, and high costs associated with these devices are some of the restraining
factors which could hinder the market. New opportunities are expected to arise
as new technological advancements are expected to make insulin pumps more
efficient in working and more user friendly which in turn is expected to bring
new opportunities. Furthermore, high per capita health spending and easy
availability of insulin pumps are also expected to boost the growth of the
market. The prevalence of diabetes in populated countries such as India and China drives
the growth of the market in Asia-Pacific.

Segment Covered
The report on the global insulin pumps
market covers segments such as product and distribution channels. On the basis
of product, the sub-markets include insulin pumps, and insulin pump supplies
& accessories. On the basis of distribution channels, the sub-markets
include hospital pharmacy, retail pharmacy, and sales and diabetes.
Companies Profiled:
The report provides profiles of
the companies in the market such as Medtronic Plc, SOOIL Developments Co.,
Tandem Diabetes Care, Inc., F. Hoffmann-La Roche Ltd., Ypsomed AG, Valeritas,
Inc., Jiangsu Delfu Co. Ltd, Cellnovo Group SA., JingasuDelfu Co., Ltd., and
Others.
Report Highlights:
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the insulin pumps market. Moreover, the study highlights current market
trends and provides forecasts for 2022-2028. We also have highlighted future
trends in the market that will affect the demand during the forecast period. Moreover,
the competitive analysis given in each regional market brings an insight into
the market share of the leading players.