According to Data Bridge Market Research new Market report, global insulin infusion pumps market will account to an estimated USD 4,726.67 million in 2018 growing at a CAGR of 10.17% during the forecast period of 2019 to 2026.
Access Full Report at https://databridgemarketresearch.com/reports/global-insulin-infusion-pumps-market/
Insulin infusion pumps are specialized form of traditional infusion pumps that are used for the deliverance of insulin in patients in need for it as their bodies are not able to produce enough insulin. They are more prevalent and their adoption is increasing due to the reduction of pain in deliverance of insulin as well as ease of use associated with the product. These infusion pumps calculate the amount of insulin delivered and the remaining amount of insulin required for deliverance with constant analyzation of blood glucose levels of the patient using the infusion pumps.
Global insulin infusion pumps market is segmented on the basis of product types, end-user and geography.
By Product Types (Open-Loop, Closed-Loop), End-User (Hospitals, Individuals) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN INSULIN INFUSION PUMPS MARKET
Rise in prevalence of diabetes
According to International Diabetes Federation, global prevalence of diabetes has grown from an estimated 414,725.6 thousand people in 2015 to an estimated population of 424,877.1 thousand people in 2017. This rise in population is expected to cause significant demand in the usage of insulin infusion pumps due to their usage in prevention and treatment of diabetes.
Few of the major competitors currently working in the insulin infusion pumps market are Animas Corporation, Asante Solutions, Cellnovo, Insulet Corporation, Medtronic, F. Hoffmann-La Roche Ltd, Smiths Medical, SOOIL Developments Co., Ltd, Tandem Diabetes Care, Inc., Nipro Corporation, Zhengzhou Phray Technology Co., Ltd., Weigao Holding Company Limited, Shinmyung MediYes Co.,Ltd., MicroPort Scientific Corporation and Fornia Biosolutions.
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