Global Insulin Infusion Pumps Market, By Product types (Open-loop, Closed-loop), End-User (Hospitals, Individuals), Geography (Europe, North America, Asia Pacific, South America and Middle East & Africa)–Industry Trends & Forecast to 2026
Market Analysis: Global Insulin Infusion Pumps Market
The global insulin infusion pumps market is expected to rise from its initial estimated value of USD 4,726.67 million in 2018 to an estimated value of USD 6,320.99 million by 2026 registering a CAGR of 10.17% in the forecast period of 2019-2026. Rising geriatric population has increased , rising occurrence of diabetes and constant innovations and advancements of the products in the industry is increasing the market demand of Insulin infusion pumps.
Market Definition: Global Insulin Infusion Pumps Market
Insulin infusion pumps is the substitute against conventional system of daily injections or an Insulin pen. The Insulin Infusion pumps eases the large swings in blood glucose level, less pain, deliver more precisely compared to injections. It doesn’t require the scheduling of meal timings and thus it makes more user friendly for patients to shift towards using of Infusion pumps. Insulin therapy is also called as subcutaneous insulin infusion. The subcutaneous insulin infusion technology has witness a variety of technological advancement, for instance incorporation of constant glucose monitoring with the pump. Now insulin pump can control the algorithm which spontaneously delivers the insulin after analyzing the blood glucose reading.
- Rising geriatric population has increased the demand Insulin infusion pumps
- Rising occurrence of diabetes
- Constant innovations and advancements in the industry will act as a major market driver.
- Product recalls and strict regulations for new products acting as a major market restraint
- Strict FDA policies for the approval of Insulin infusion pumps
Segmentation: Global Insulin Infusion Pumps Market
- By Product types
- By End-User
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Key Developments in the Market:
In January, 2018, SFC Fluidics received USD 1.4 million from National Institute of Diabetes and Digestive and Kidney Disease of the National Institutes of Health to develop pump patch of insulin and Glucagon like receptor for diabetes patients.
In October, 2017, Due to increasing competition in the insulin infusion pump market Animas has planned to exit insulin pump market.
Competitive Analysis: Global Insulin Infusion Pumps Market
The global insulin infusion pumps market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of insulin infusion pumps market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Insulin Infusion Pumps Market
Few of the major market 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, Fornia Biosolutions.
Research Methodology: Global Insulin Infusion Pumps Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report:
- Current and future of global insulin infusion pumps market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)