Insulin Pumps Market By Product Type, Distribution Channel, Demand by Region and Forecast Till 2024

1. Global Insulin Pumps Market Research Report and Forecast Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Insulin Pumps Market Overview: According to the latest report by IMARC Group, titled “Insulin Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global insulin pumps market size reached US$ 3.9 Billion in 2018. Insulin pumps are portable medical devices that are utilized to administer insulin in type 1 or type 2 diabetic patients’ body. They mimic the function of pancreas and aid in managing the sugar levels in the body. These pumps resemble a smartphone in terms of size and are worn outside the body. They can deliver insulin in a steady and continuous dose (basal) as well as in variable amounts around a mealtime (bolus). These pumps usually consist of built-in bolus calculators that estimate the dosage of insulin required by the user based on the patient’s glucose levels. Insulin Pumps Market Trends A significant increase in the diabetic population is one of the major growth-inducing factors for the market. Hectic lifestyles with minimal physical activities have led to a rise in the incidences of lifestyles diseases such as diabetes and obesity. Moreover, rapid urbanization, busy schedules, changing dietary patterns and inflating per capita income have contributed significantly to the escalating sales of junk and convenience foods which, in turn, has increased the occurrence of diabetes.

4. Report Description and Highlights Report Description Other factors contributing to the market growth include increasing healthcare expenditure by governments of both developing and developed nations and enhanced focus research and development (R&D) by the manufacturers to develop more efficient products. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 5.5 Billion by 2024, expanding at a CAGR of around 6% during 2019-2024.

5. Report Description and Highlights Report Description • Population aging has also contributed to the enhanced prevalence of the disease. Furthermore, governments of several countries are actively engaging in awareness campaigns regarding insulin therapy and medical provisions for the treatment of diabetes. For instance, the Government of Australia’s Insulin Pump Program provides fully subsidized insulin pumps to children up to the age of 18. • Key Market Segmentation: • Market Segmentation by Product Type • Insulin Pumps • Tethered Pumps • Disposable/Patch Insulin Pumps • Insulin Pump Supplies and Accessories • InsulinReservoirs/Cartridges • Infusion Set Insertion Devices • On the basis of the product type, the market has been divided into insulin pumps and insulin pump supplies and accessories.

6. Report Description and Highlights Report Description • Amongst these, insulin pumps represent the most preferred segment. It is further divided into tethered pumps and disposable/patch insulin pumps. On the other hand, the insulin pump supplies and accessories segment is bifurcated into infusion set insertion devices and insulin reservoirs/cartridges. • Market Segmentation by Distribution Channel • Hospital Pharmacy • Retail Pharmacy • Online Sales • Diabetes Clinics/ Centers • Based on the distribution channel, hospital pharmacy exhibits a clear dominance in the market. Other major segments include retail pharmacy, online, diabetes clinics/centers and others. • Market Segmentation by Region • North America • Europe • Asia Pacific

7. Report Description and Highlights Report Description • Latin America • Middle East and Africa • On the geographical front, North America holds the leading position in the market, accounting for a majority of the total market share. Other major regions include Europe, Asia Pacific, Middle East and Africa, and Latin America. • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players. • Animus Corp. • Medtronics Inc. • Insulet Corp. • Roche Diagnostics • Cellnovo Ltd. • Asante • Nipro Diagnostic Inc.

8. Report Description and Highlights Report Description • Tandem Diabetes Care Inc. • Sooil Development Co. Ltd. • Ypsomed • For more information, click here: https://www.imarcgroup.com/insulin-pumps-market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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