A recent report published by Infinium Global Research on insulin pumps market provides in depth analysis of segments and sub-segments in 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, forecast and dollar values of global insulin pumps market. According to report the global insulin pumps market is projected to grow at a CAGR of 8.9% over the forecast period of 2017-2023.
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 alternative to insulin injections as they reduce the need for multiple insulin injections per day and give the user 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 which 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.
Figure 1: Global Insulin Pumps Market by Value 2015-2023
Rise in base of 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.
The report on global insulin pumps market covers segments such as, product and distribution channel. On the basis of product the global insulin pumps market is categorized into insulin pumps and insulin pump supplies & accessories. On the basis of distribution channel the global insulin pumps market is categorized into hospital pharmacy, retail pharmacy, online sales and diabetes clinics or centers.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015-2023.
Figure 2: Global Insulin Pumps Market by Region, CAGR % 2017-2023
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017-2023.
The report provides profiles of the companies in the global insulin pumps market such as, Animas Corporation, SOOIL Developments Co., Animas Corporation, Medtronic, Tandem Diabetes Care, Inc., F. Hoffmann-La Roche Ltd., Ypsomed AG, Valeritas, Inc., Jiangsu Delfu Co., Ltd. and Cellnovo Group SA.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global insulin pumps market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on 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 insulin pumps market. Moreover, the study highlights current market trends and provides forecast from 2017-2023. We also have highlighted future trends in the insulin pumps market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the insulin pumps market to understand the present and future trends in this market and formulate their strategies accordingly.
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