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Global Insulin Pumps Market: By Product Type: Insulin Pumps, Insulin Pump Supplies and Accessories; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Insulin Pumps Market Outlook

The global insulin pumps market attained a value of about USD 4.2 billion in 2019. The market is further expected to grow at a CAGR of nearly 6.2% in the forecast period of 2020-2025 to reach a value of approximately USD 6.1 billion by 2025. 

North America is the leading region globally due to the presence of global players in the region. The region also accounts for a major share of the insulin pumps market. Factors like the increased prevalence of obesity, cost of treatment, technical innovations as well as product launches are also likely to drive regional growth. Europe is also projected to gain considerable market share throughout the forecast period of 2020 and 2025, owing to a rise in the diabetes-prone geriatric population. In addition, developments in its healthcare sector and the introduction of advanced medical devices are increasing the regional demand for the product.

 

Properties and Applications

Insulin pumps refer to small computerised medical devices that can be clamped under the clothes into a belt, pocket, or covered. The pump is used to administer regulated doses of insulin within the body at regular intervals to regulate the increase in blood glucose levels, dependent on the consumer's basal and bolus rate. It works by the means of a needle, as well as a flexible catheter, which is used to directly inject insulin into the fatty tissue, which is then wrapped and held in place. It supports people with type 1 and type 2 diabetes by allowing them versatility in food choices and eating patterns and by reducing the number of injection administrations

On the basis of product type, the industry can be segmented into the following:

  • Insulin Pumps Tethered Pumps
  • Disposable/Patch Insulin Pumps
  • Insulin Pump Supplies and Accessories
  • Insulin Reservoirs/Cartridges 
  • Infusion Set Insertion Devices

Based on distribution channels, the market can be divided into the following:

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Sales
  • Diabetes Clinics/ Centres

The regional markets for the product include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

 

Market Analysis

The growing prevalence of diabetes worldwide and the growing understanding of health are important factors for the market development. Economic modernization has greatly improved the incidence of many lifestyle diseases, including diabetes. It is further strengthened by shifting dietary preferences and reliance on packaged ready-to-eat foods, which contain artificial ingredients as well as preservatives. Since diabetes may cause other chronic conditions including paralysis, kidney failure, stroke, blindness, manufacturers are increasingly emphasizing the development of innovative and affordable devices. Moreover, the market for effective insulin pumps has also increased thanks to the development of highly accurate glucose sensors as well as blood monitoring tools. In addition, factors such as increased per capita spending on healthcare services and increased research and development to enhance the functionality of insulin pumps have added to the growth of the insulin pump market.

 

Competitive Landscape 

The report gives a detailed analysis of the following key players in the global insulin pumps market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Insulet Corporation
  • Medtronic
  • Roche
  • Tandem Diabetes Care, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
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

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
        6.1    Global
        6.2    Regional
7    Industry Opportunities and Challenges
8    Global Insulin Pumps Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Insulin Pumps Historical Market (2015-2019) 
    8.3    Global Insulin Pumps Market Forecast (2020-2025)
    8.4    Global Insulin Pumps Market by Product Type
        8.4.1    Insulin Pumps
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    Tethered Pumps
                    8.4.1.4.1.1    Market Share
                    8.4.1.4.1.2    Historical Trend (2015-2019)
                    8.4.1.4.1.3    Forecast Trend (2020-2025)
                8.4.1.4.2    Disposable/Patch Insulin Pumps
                    8.4.1.4.2.1    Market Share
                    8.4.1.4.2.2    Historical Trend (2015-2019)
                    8.4.1.4.2.3    Forecast Trend (2020-2025)
        8.4.2    Insulin Pump Supplies and Accessories
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
            8.4.2.4    Breakup by Type
                8.4.2.4.1    Insulin Reservoirs/Cartridges
                    8.4.2.4.1.1    Market Share
                    8.4.2.4.1.2    Historical Trend (2015-2019)
                    8.4.2.4.1.3    Forecast Trend (2020-2025)
                8.4.2.4.2    Infusion Set Insertion Devices
                    8.4.2.4.2.1    Market Share
                    8.4.2.4.2.2    Historical Trend (2015-2019)
                    8.4.2.4.2.3    Forecast Trend (2020-2025)
    8.5    Global Insulin Pumps Market by Distribution Channel
        8.5.1    Hospital Pharmacy  
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Retail Pharmacy 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Online Sales
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Diabetes Clinics/ Centres
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2015-2019)
            8.5.4.3    Forecast Trend (2020-2025)
    8.6    Global Insulin Pumps Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Key Players
    12.3    Company Profiles
        12.3.1    Insulet Corporation
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Certifications
        12.3.2    Medtronic
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Certifications
        12.3.3    Roche
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Certifications
        12.3.4    Tandem Diabetes Care, Inc.
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Certifications
        12.3.5    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Insulin Pumps Market: Key Industry Highlights, 2015 and 2025
2.    Global Insulin Pumps Historical Market: Breakup by Product Type (USD Billion), 2015-2019
3.    Global Insulin Pumps Market Forecast: Breakup by Product Type (USD Billion), 2020-2025
4.    Global Insulin Pumps Historical Market: Breakup by Distribution Channel (USD Billion), 2015-2019
5.    Global Insulin Pumps Market Forecast: Breakup by Distribution Channel (USD Billion), 2020-2025
6.    Global Insulin Pumps Historical Market: Breakup by Region (USD Billion), 2015-2019
7.    Global Insulin Pumps Market Forecast: Breakup by Region (USD Billion), 2020-2025
8.    North America Insulin Pumps Historical Market: Breakup by Country (USD Billion), 2015-2019
9.    North America Insulin Pumps Market Forecast: Breakup by Country (USD Billion), 2020-2025
10.    Europe Insulin Pumps Historical Market: Breakup by Country (USD Billion), 2015-2019
11.    Europe Insulin Pumps Market Forecast: Breakup by Country (USD Billion), 2020-2025
12.    Asia Pacific Insulin Pumps Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    Asia Pacific Insulin Pumps Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Latin America Insulin Pumps Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Latin America Insulin Pumps Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Middle East and Africa Insulin Pumps Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Middle East and Africa Insulin Pumps Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Global Insulin Pumps Market Structure

Key Questions Answered in the Report

In 2019, the global insulin pumps market attained a value of nearly USD 4.2 billion.

The market is projected to grow at a CAGR of 6.2% between 2020 and 2025.

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 6.1 billion by 2025. 

The major drivers of the industry, such as the increased prevalence of obesity, cost of treatment, technological innovations, and product launches, are expected to aid the market growth.

The key market trend guiding the growth of the insulin pumps market includes the increasing research and development to enhance the functionality of the product.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.

The major product types available in the industry are insulin pumps and pump supplies and accessories.

The significant distribution channels of the product are hospital pharmacy, retail pharmacy, online sales, and diabetes clinics/ centres.

The major players in the industry are Insulet Corporation, Medtronic, Roche, and Tandem Diabetes Care, Inc., among others.

Analyst Review

The global insulin pumps market attained a value of USD 4.2 billion in 2019, driven by the growing prevalence of diabetes worldwide and a growing understanding of health. Aided by the rising research and development, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 6.2%. The insulin pumps market is projected to reach USD 6.1 billion by 2025. 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the industry can be segmented into insulin pumps and insulin pump supplies and accessories. On the basis of distribution channels, the industry is divided into hospital pharmacy, retail pharmacy, online sales, and diabetes clinics/ centres. The major regional markets for insulin pumps are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share in the market. The key players in the above market include Insulet Corporation, Medtronic, Roche, Tandem Diabetes Care, Inc., and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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