Global Insulin Pump Market: Analysis By Type (Tethered, Untethered), By End User (Type I Diabetic, Type II Diabetic), By Region, By Country: Opportunities and Forecast (2012-2022)

Date: 23 September 2017

Globally, the market for insulin pumps have been growing at a higher pace on the back of rising incidences of diabetes, ongoing demographic shift towards geriatric population as well as increasing health care expenditure. Apart from these factors, technological advancements in medical technology as a result of high R&D investment have also been instrumental in impelling growth in the market.

According to Azoth Analytics research report, “Global Insulin Pumps Market: Analysis By Type (Tethered, Untethered), By End User (Type I Diabetic, Type II Diabetic), By Region, By Country: Opportunities and Forecast (2012-2022) - By Region (North America, Europe, APAC, MEA, ROW); By Country (U.S., Canada, Germany, France, China, Japan, India, UAE, Saudi Arabia)” the global insulin pumps market is projected to display a robust growth represented by a CAGR of 13.9% during 2017 – 2022, driven by increasing urbanization, sedentary lifestyle and deteriorating eating habits of individuals.

The segment of untethered or patch insulin pump has developed at a noteworthy rate since its institution in the medical industry. Amongst the regions, North America accounts for the largest regional share in the Global Insulin Pumps market in 2016. Emerging nations in Asia Pacific region such as China and India displayed a lot of potential and is anticipated to be one of the fastest growing regions in the forecast period. Key factors driving the robust growth rate of APAC region include increase in per capita expenditure on healthcare coupled with large diabetic-patient pool. In the recent years, medical device manufacturers such as Medtronic, Inc., Insulet Corporation, Valeritas, Cellnovo, Tandem Diabetes Care amongst others, have dedicated themselves in developing insulin pumps that can closely mimic the function of pancreas, provide low risk of infection at the insertion site and ensure maximum comfort to the patients.

On-going infrastructural developments in addition to refinement of reimbursement policies in emerging nations is also anticipated to boost the market in the forecast period; however, there are certain challenges that have been restraining the growth in the market, including high cost of insulin pump & supplies and its complex technology design. Further, growing adoption of these devices amongst insulin dependent paediatric patients is also anticipated to boost the global market in the forecast period. 

The report titled, “Global Insulin Pumps Market: Analysis By Type (Tethered, Untethered), By End User (Type I Diabetic, Type II Diabetic), By Region, By Country: Opportunities and Forecast (2012-2022) - By Region (North America, Europe, APAC, MEA, ROW); By Country (U.S., Canada, Germany, France, China, Japan, India, UAE, Saudi Arabia)” has covered and analysed the potential of Global Insulin Pumps Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global ingestible sensors market. Additionally, the report also highlights market entry strategies for various companies across the globe. 

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Insulin Pumps Market; By Region (North America, Europe, APAC, MEA and ROW) and By Country (U.S., Canada, France, Germany, China, Japan, India, UAE and Saudi Arabia).

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