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The market size for India insulin pumps reached a value of USD 13.38 million in 2021. The India insulin pumps market is expected to grow at a CAGR of 8.7% in the forecast period of 2022-2027, to reach a value of USD 22.07 million by 2027.
Insulin is transferred into the body quickly with the help of a thin tube from a small, computerised device which is known as an insulin pump, to help in regulating blood sugar levels. Insulin pumps are expensive but also very accurate and precise is why they are considered more than injections, due to which there is steady growth expected for the India insulin pumps market. They are generally used by type 1 diabetic patients which are also called insulin-dependent diabetes and less commonly used by type 2 diabetic patients. An insulin pump lasts for about two to four weeks.
The India insulin pumps market by product is divided into insulin pumps, infusion sets, insulin reservoirs/cartridges, and infusion set insertion devices. Insulin pumps is further divided into traditional insulin pumps, disposable insulin pumps and others. Infusion sets are also further divided into steel cannula and plastic cannula. Based on region the market is segmented into North India, East India, West India, and South India.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the India n-pentane market, covering their competitive landscape and latest developments.
There are various types of insulin pumps available in India, with varying ranges of demand and penetration in the market. The India insulin pumps market is shared among various categories such as traditional and disposable insulin pumps, steel cannula and plastic cannula used in infusion sets, insulin reservoirs and infusion set insertion devices. All these products are interconnected and help in the working of the pumps.
Traditional insulin pumps run on battery and have a reservoir and insulin delivery is programmed by a simple touch or by buttons that are provided. On the other hand, disposable insulin pumps are smaller as compared to the traditional pumps. They are attached directly to the skin and contain a cannula that goes to the skin from device without tubing. Traditional insulin pumps are generally preferred by users and occupy a large share in the market. Plastic cannulas are also preferred over the steel cannula because of their biocompatibility and also plastic cannula do not pierce blood vessels and thus won’t cause severe complications unlike steel cannula.
In India, the demand for insulin pumps varies significantly by region, depending upon the prevalence of diabetes, general awareness, openness for new treatment modes, and spending ability. Some of the states with the highest numbers of diabetes cases are Kerala, Chandigarh, and Tamil Nadu. According to research, incidences of Type 1 diabetes are increasing at a rate of nearly 3-5 percent every year. Although type 1 diabetes is largely genetic, it can also be triggered by an auto-immune response to the environment or viruses. Insulin pumps are also commonly used by those diagnosed with Type 2 diabetes in India.
Southern India holds a significant section of the India insulin pumps market, with the presence of high general awareness, and growing cases of diabetes. There is greater penetration of affordable insulin pumps made in India, that are significantly lower in cost than imported alternatives. West India has been developing advanced technology pumps to be used with convenience from the comfort of their homes. There is also a strong presence of key players such as Medtronic which is located in Mumbai, Maharashtra.
Medtronic MiniMed Inc. founded in 1949 is a medical device company. They develop devices used for medical purposes such as insulin pumps, CGM, and injection ports. Insulin pumps are available for any person having Type 1 or Type 2 diabetes. MiniMed 630G, and MiniMed 770G, are some insulin pumps designed by them for the India insulin pumps market to help patients with their diabetes management and manage day to day lives during their lifetime.
F. Hoffmann La Roche Ltd. has its headquarters in Basel, Switzerland. It is a multinational healthcare company commonly known as Roche. It has two divisions namely pharmaceutical and diagnostic. It is extensively developing innovative technologies for diabetes management such as insulin pumps that are able to monitor the blood glucose level.
AgVa Healthcare was founded in 2018 has its headquarters in Noida, Uttar Pradesh. It is a leader for development of medical devices and equipment with a strong position in the India insulin pumps market. It has developed India’s most advanced insulin pump ‘INSUL’ which is also highly affordable. Features of INSUL include a built-in glucometer, Bluetooth connectivity, and android and IOS app.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Product||
|Breakup by Region||
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 India Insulin Pumps Market Analysis
8.1 Key Industry Highlights
8.2 India Insulin Pumps Historical Market (2017-2021)
8.3 India Insulin Pumps Market Forecast (2022-2027)
8.4 India Insulin Pumps Market by Product
8.4.1 Insulin Pumps
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
18.104.22.168 Breakup by Type
22.214.171.124.1 Traditional Insulin Pumps
126.96.36.199.2 Disposable Insulin Pumps
8.4.2 Infusion Sets
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
18.104.22.168 Breakup by Type
22.214.171.124.1 Steel Cannula
126.96.36.199.2 Plastic Cannula
8.4.3 Insulin Reservoirs/Cartridges
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.4.4 Infusion Set Insertion Devices
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.5 India Insulin Pumps Market by Region
8.5.1 Market Share
188.8.131.52 North India
184.108.40.206 East India
220.127.116.11 West India
18.104.22.168 South India
9 Regional Analysis
9.1 North India
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.2 East India
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.3 West India
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.4 South India
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Medtronic MiniMed, Inc.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
11.2.2 F. Hoffmann-La Roche Ltd
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
11.2.3 AgVa Healthcare
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. India Insulin Pumps Market: Key Industry Highlights, 2017 and 2021
2. India Insulin Pumps Historical Market: Breakup by Product (USD Million), 2017-2021
3. India Insulin Pumps Market Forecast: Breakup by Product (USD Million), 2022-2027
4. India Insulin Pumps Historical Market: Breakup by Region (USD Million), 2017-2021
5. India Insulin Pumps Market Forecast: Breakup by Region (USD Million), 2022-2027
6. India Insulin Pumps Market Structure
The market size for India insulin pumps reached a value of USD 13.38 million in 2021.
The market size for India insulin pumps is projected to reach a value of USD 22.07 million by 2027.
The market for India insulin pumps is projected to grow at a CAGR of 8.7% between the forecast period of 2022 and 2027.
Insulin is transferred into the body quickly with the help of a thin tube from a small, computerised device which is known as an insulin pump.
Insulin pumps are expensive but are also very accurate and precise is why they are preferred more than injections.
An insulin pump lasts for about two to four weeks.
The India insulin pumps market is segmented based on product and region.
Key players in the market are Medtronic MiniMed Inc., F. Hoffmann-La Roche Ltd. and AgVa Healthcare, among others.
Major regional markets for India Insulin pumps are North India, East India, West India, and South India.
Key drivers of the market are diabetes prevalence in India, technological advancement, and increase in use of insulin pumps over traditional methods.
Relevant trends influencing the market are busy lifestyles of consumers resulting in a preference for easier diabetes management, stress levels causing fluctuations in blood sugar, and government encouragement for insulin pumps.
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