Insulin Pumps and Accessories Market : Global Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Infusion Pump and accessories market by product (Tandem, My Life Omnipod, Omnipod, Others), type (Tethered Pump, Patch Pump), accessories (Insulin Reservoir or Cartridges, Insulin Set Insertion Devices, Battery), End Use (Homecare, Hospitals and Clinics and Laboratories) and geography (North America, Latin America, Europe, Asia Pacific and Middle East and Africa)

 

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Report

Description

Insulin Pumps and Accessories Market size was valued at USD11.8 billion in the year 2020 and is anticipated to grow at USD 21.30 billion till 2026, witnessing a CAGR of around 7.14% during the forecast period from 2021 to 2027. Insulin pumps play an important role for controlling insulin in diabetic sufferers at exact intervals. Insulin is given to diabetic patients through a catheter placed under one’s skin. Insulin pumps work as great alternative for injections as they control blood glucose. Insulin pump accessories give support to the insulin pumps to administer insulin in the body to get control over diabetes. Infusion set insertion devices, infusion sets, insulin reservoirs are some of the insulin pump accessories. Diabetic sufferer can have extra dose relying on the food consumption for maintaining glucose level under control. Global prevalence of diabetes is increasing hugely. It served as the main cause of death and increases the danger of developing many other serious health concerns.

The report gives a comprehensive outlook on insulin pumps and accessories market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report gives historical, current, and future market sizes (US$ Bn) on the basis of application, product, type, End Use and region. This report studies global insulin pumps and accessories market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the global insulin pumps and accessories market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in global photonics.


Insulin Pumps and Accessories Market

MARKET SUMMARY
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8.8% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 8.8%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

 


Insulin Pumps and Accessories Market

  • Growing obesity issues, increasing initiative taken by the government and rising development activities can create different opportunities for the key players to growth in the market. Increasing markets in China and India and high preference to specialty infusion pumps are providing best growth opportunities for key players.
  • Crucial development is observed during the forecast period in the field of insulin pump accessories market. Nearly 592 million people are anticipated to suffer from diabetes till the 2035 and approximately 384 million people already suffered from diabetes problem in 2013 according to WHO.
  • Some crucial factors that impel the market growth are increased awareness towards home healthcare, increasing demand for a portable insulin pump for reducing hospital expenditure and increase in the geriatric population
Market Leaders
  • Medtronic plc
  • F. Hoffmann-La Roche Ltd
  • Tandem Diabetic Care, Inc.
  • Insulet Corporation
  • Ypsomed
  • Cellenovo
Insulin Pumps and Accessories Market

Drivers and Restraints

Increasing diabetic patients lead to the high requirement for insulin devices and hence leading to the insulin pumps and accessories market growth. There are several factors that contribute greatly in booming the insulin pumps market growth such as increasing demand for ambulatory infusion pumps, fast growth in the aged population, increasing cases of surgical procedures and increasing incidence of chronic illnesses like diabetes and gastrointestinal disorders. On the other hand, precise government rules to approve devices and errors coming when using the infusion pump accessories lead to several product recalls, which limit the growth of insulin pump accessories market. The Increase in insulin price with unfavorable insurance policies is anticipated to hinder the market growth during the forecast period. The increasing preference towards naturopathy is a crucial factor to limit the market growth in upcoming years. Another major hurdle which can control market growth is the obligation of severe regulations for the approval of the product.


Insulin Pumps and Accessories Market Regional Anlaysis

Fast developing healthcare facilities and increasing health expenses, Asia Pacific is anticipated to be the fastest growing region. Increasing occurrence because of the growing aged population serves to be another significant factor to grow the global insulin pumps market in the region during forecast period. Insulin pump delivers insulin either automatically or manually. Such pumps are set for delivering particular set of doses and big set of doses when needed like before meals. It is also possible for patients to connect such devices to their smart phones for calibrating blood glucose reading.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015-2020) and forecast (2021-2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Insulin Pumps and Accessories Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Medtronic plc
  • F. Hoffmann-La Roche Ltd
  • Tandem Diabetic Care, Inc.
  • Insulet Corporation
  • Ypsomed
  • Cellenovo
  • Sooil Development
  • Valeritas, Inc
  • Jingasu Delfu Co., Ltd.

Description

Insulin Pumps and Accessories Market size was valued at USD11.8 billion in the year 2020 and is anticipated to grow at USD 21.30 billion till 2026, witnessing a CAGR of around 7.14% during the forecast period from 2021 to 2027. Insulin pumps play an important role for controlling insulin in diabetic sufferers at exact intervals. Insulin is given to diabetic patients through a catheter placed under one’s skin. Insulin pumps work as great alternative for injections as they control blood glucose. Insulin pump accessories give support to the insulin pumps to administer insulin in the body to get control over diabetes. Infusion set insertion devices, infusion sets, insulin reservoirs are some of the insulin pump accessories. Diabetic sufferer can have extra dose relying on the food consumption for maintaining glucose level under control. Global prevalence of diabetes is increasing hugely. It served as the main cause of death and increases the danger of developing many other serious health concerns.

The report gives a comprehensive outlook on insulin pumps and accessories market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report gives historical, current, and future market sizes (US$ Bn) on the basis of application, product, type, End Use and region. This report studies global insulin pumps and accessories market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the global insulin pumps and accessories market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in global photonics.

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