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Global Insulin Pump Market 2025 by Product Type, Segmentation



The Latest Comprehensive Industry research study titled, “Insulin Pump Market by Products, Application - Global Industry Analysis and Forecast To 2025” published by Crystal Market Research, states that the fermentation chemicals market is projected to be around $ 10.5 billion by 2025.

Insulin pump market is expected to experience significant growth in coming years between 2017 and 2025. The market is expected to become $10.15 billion by 2025 at a growing CAGR of 8.36%. The market is primarily driven by rising incidence of diabetes worldwide. Diabetes is on the rise globally with a steady increase around the world especially in the world’s middle-income and young generation of the countries. According to World Health Organization’s Global Report on Diabetes published in 2016, the global prevalence of diabetes has nearly doubled between 1980 and 2014, rising from 4.7% to 8.5% of the adult population. In terms of number of patients, the prevalence increased from 108 million in 1980 to 422 million cases in 2014. With increasing awareness among diabetics about technologically advanced devices for treating diabetes, the market for insulin patch pumps is expected to witness favorable growth during the forecast period. However, the complexity of such devices can sometimes prevent people from readily adopting them thus restraining the market growth.

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Key Market Players:
Animas Corporation (subsidiary of Johnson & Johnson Services)
Cellnovo
Insulet Corporation
Medtronic MiniMed
Ypsomed
F. Hoffmann-La Roche Ltd
SOOIL Development Co. ltd.
Tandem Diabetes Care
Microport Scientific Corporation.

Insulin reservoirs are types of insulin pumps, which are involved in storing and delivering insulin either automatically or in response to instructions given by the pump wearer. It helps in feeding insulin to the patient’s body throughout the day and even can deliver larger doses when required by the patient. This pump also consists of infusion sets, which supports the pump for proper positioning. The infusion set consists of cannula (plastic or steel) which is inserted beneath the skin, through which insulin is delivered to the body as per programming. The increased incidence of diabetes and emergence of home infusion therapy will promote the growth of the market over the forecast period. However, lack of skilled professionals and side-effects of using insulin pumps may impede the growth of the market in the upcoming years.

North America held a significant share of the insulin pump market in 2016 due to the availability of FDA approved insulin pumps such as the OmniPod Insulin Management System manufactured by Insulet Corporation and V-GO disposable insulin delivery device manufactured by Valeritas, Inc. The Asia-Pacific market has not experienced any substantial growth due to lack of large scale adoption of advanced therapies for diabetes management but can experience favorable growth in coming years owing to increasing awareness related to diabetes management in the region.

Market Opportunities:

The key opportunity for the players operating in insulin pump market lies in the development of various types of insulin and insulin delivering devices and also increasing awareness towards diabetes. Apart from that, emergence of home infusion therapy and artificial pancreas will further broaden the opportunities of the key players to grow significantly over the forecast period. In addition, promotional activities related to product information and benefits in daily lives of individuals, will further increase demand of this market, creating a lucrative opportunities for growth, for the key players of this market.

Insulin Patch Pump Market Segmentation:

By Product type of Insulin:

Insulin Reservoirs/Cartridges
Infusion Sets
Plastic Cannula
Steel Cannula
Infusion Set Insertion Devices
Insulin Pumps
Smart Pumps
Disposable Insulin Pumps
Traditional Insulin Pumps
Others

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News Release: Global Insulin Pump Market 2025 by Product Type, Segmentation
Submitted on: November 16, 2017 11:25:59 AM
Submitted by: Siddharth
On behalf of: https://www.crystalmarketresearch.com/report-sample/HC0684
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