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Insulin Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global insulin pumps market reached a value of US$ 4.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.9 Billion by 2027, exhibiting at a CAGR of 6.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. 

Insulin pumps are small computerized medical devices that can be clipped on to a belt, pocket or hidden under the clothes. The pump is used to deliver controlled doses of insulin inside the body at regular intervals, depending upon the consumer’s basal and bolus rate, to control the rise in blood glucose levels. It operates through a needle and a flexible catheter that is used to insert insulin directly into the fatty tissue, which is then taped and secured in place. Insulin pumps assist individuals suffering from type 1 and type 2 diabetes by providing them flexibility in food options and eating schedules and reduces the number of injection administrations.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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The increasing prevalence of diabetes across the globe and rising health awareness are the key factors for market growth. Modernization of economies has significantly enhanced the occurrence of several lifestyle diseases, especially diabetes. This is further augmented by changing dietary preferences and dependency on ready-to-eat packaged food containing artificial ingredients and preservatives. Since diabetes can trigger the occurrence of other chronic conditions such as kidney failure, stroke, paralysis and blindness, manufacturers are increasingly emphasizing on creating adaptive and affordable devices. Additionally, due to the development of highly accurate glucose sensors and blood monitoring devices, the demand for efficient insulin pumps has also increased. Furthermore, factors such as rising per capita expenditure on healthcare services and increasing research and development for improving the functioning of insulin pumps have also contributed to market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global insulin pumps market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type and distribution channel.

Breakup by Product Type:

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

Breakup by Distribution Channel:

 

 
 

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  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Sales
  • Diabetes Clinics/ Centers
  • Others
     

Breakup by Region:

 

 
 

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  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Animus Corp., Medtronics Inc., Insulet Corp., Roche Diagnostics, Cellnovo Ltd., Asante, Nipro Diagnostic Inc., Tandem Diabetes Care Inc., Sooil Development Co. Ltd., Ypsomed, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Animus Corp., Medtronics Inc., Insulet Corp., Roche Diagnostics, Cellnovo Ltd., Asante, Nipro Diagnostic Inc., Tandem Diabetes Care Inc., Sooil Development Co. Ltd. and Ypsomed
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Insulin Pumps Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Product Type
    5.5    Market Breakup by Distribution Channel
    5.6    Market Breakup by Region
    5.7    Market Forecast
6   Market Breakup by Product Type
    6.1    Insulin Pumps
        6.1.1    Market Trends
        6.1.2    Market Breakup by Type
           6.1.2.1   Tethered Pumps
                     6.1.2.1.1   Market Trends
                     6.1.2.1.2   Market Forecast
           6.1.2.2   Disposable/Patch Insulin Pumps 
                     6.1.2.2.1   Market Trends
                     6.1.2.2.2   Market Forecast
        6.1.3    Market Forecast
    6.2    Insulin Pump Supplies and Accessories 
        6.2.1    Market Trends
        6.2.2    Market Breakup by Type
           6.2.2.1   Insulin Reservoirs/Cartridges 
                     6.2.2.1.1   Market Trends
                     6.2.2.1.2   Market Forecast
           6.2.2.2   Infusion Set Insertion Devices
                     6.2.2.2.1   Market Trends
                     6.2.2.2.2   Market Forecast   
        6.2.3    Market Forecast
7   Market Breakup by Distribution Channel
    7.1    Hospital Pharmacy
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Retail Pharmacy
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Online Sales
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Diabetes Clinics/ Centers
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Others
        7.5.1    Market Trends
        7.5.2    Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Europe
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Asia Pacific
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Middle East and Africa
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Latin America
        8.5.1    Market Trends
        8.5.2    Market Forecast
9   SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10  Value Chain Analysis
11  Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12  Price Analysis
13  Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Animus Corp. 
        13.3.2    Medtronics Inc. 
        13.3.3    Insulet Corp. 
        13.3.4    Roche Diagnostics
        13.3.5    Cellnovo Ltd. 
        13.3.6    Asante
        13.3.7    Nipro Diagnostic Inc. 
        13.3.8    Tandem Diabetes Care Inc. 
        13.3.9    Sooil Development Co. Ltd. 
        13.3.10    Ypsomed   

List of Figures

Figure 1: Global: Insulin Pumps Market: Major Drivers and Challenges
Figure 2: Global: Insulin Pumps Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Insulin Pumps Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Insulin Pumps Market: Breakup by Distribution Channel (in %), 2021
Figure 5: Global: Insulin Pumps Market: Breakup by Region (in %), 2021
Figure 6: Global: Insulin Pumps Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: Global: Insulin Pumps Industry: SWOT Analysis
Figure 8: Global: Insulin Pumps Industry: Value Chain Analysis
Figure 9: Global: Insulin Pumps Industry: Porter’s Five Forces Analysis
Figure 10: Global: Insulin Pumps Market: Breakup by Type (in %), 2021
Figure 11: Global: Insulin Pumps (Tethered Pumps) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Insulin Pumps (Tethered Pumps) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Insulin Pumps (Disposable/Patch Insulin Pumps) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Insulin Pumps (Disposable/Patch Insulin Pumps) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Insulin Pumps (Insulin Pump Supplies and Accessories) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Insulin Pump Supplies and Accessories Market: Breakup by Type (in %), 2021
Figure 17: Global: Insulin Pump Supplies and Accessories (Insulin Reservoirs/Cartridges) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Insulin Pump Supplies and Accessories (Insulin Reservoirs/Cartridges) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Insulin Pump Supplies and Accessories (Infusion Set Insertion Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Insulin Pump Supplies and Accessories (Infusion Set Insertion Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Insulin Pumps (Insulin Pump Supplies and Accessories) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Insulin Pumps Market: Sales through Hospital Pharmacy (in Million US$), 2016 & 2021
Figure 23: Global: Insulin Pumps Market Forecast: Sales through Hospital Pharmacy (in Million US$), 2022-2027
Figure 24: Global: Insulin Pumps Market: Sales through Retail Pharmacy (in Million US$), 2016 & 2021
Figure 25: Global: Insulin Pumps Market Forecast: Sales through Retail Pharmacy (in Million US$), 2022-2027
Figure 26: Global: Insulin Pumps Market: Online Sales (in Million US$), 2016 & 2021
Figure 27: Global: Insulin Pumps Market Forecast: Online Sales (in Million US$), 2022-2027
Figure 28: Global: Insulin Pumps Market: Sales through Diabetes Clinics/Centers (in Million US$), 2016 & 2021
Figure 29: Global: Insulin Pumps Market Forecast: Sales through Diabetes Clinics/Centers (in Million US$), 2022-2027
Figure 30: Global: Insulin Pumps Market: Sales through Other Distribution Channels (in Million US$), 2016 & 2021
Figure 31: Global: Insulin Pumps Market Forecast: Sales through Other Distribution Channels (in Million US$), 2022-2027
Figure 32: North America: Insulin Pumps Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: Insulin Pumps Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Europe: Insulin Pumps Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Europe: Insulin Pumps Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia Pacific: Insulin Pumps Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia Pacific: Insulin Pumps Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Middle East and Africa: Insulin Pumps Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Middle East and Africa: Insulin Pumps Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Latin America: Insulin Pumps Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Latin America: Insulin Pumps Market Forecast: Sales Value (in Million US$), 2022-2027

List of Tables

Table 1: Global: Insulin Pumps Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Insulin Pumps Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Insulin Pumps Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 4: Global: Insulin Pumps Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Insulin Pumps Market Structure
Table 6: Global: Insulin Pumps Market: Key Players


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Key Questions Answered in This Report

The global insulin pumps market was valued at US$ 4.7 Billion in 2021.

We expect the global insulin pumps market to exhibit a CAGR of 6.5% during 2022-2027.

The growing demand for insulin pumps among type 1 and type 2 diabetes patients, to deliver controlled doses of insulin inside the body as well as providing flexibility in food options and eating schedules, is primarily driving the global insulin pumps market.

The sudden outbreak of the COVID-19 pandemic has led to the increasing usage of protective equipment, including insulin pumps to help diabetic patients for managing their blood sugar levels to immune the body from the high risk of the coronavirus infection.

Based on the product type, the global insulin pumps market has been segregated into insulin pumps and insulin pump supplies and accessories, where insulin pumps hold the largest market share.

Based on the distribution channel, the global insulin pumps market can be bifurcated into hospital pharmacy, retail pharmacy, online sales, diabetes clinics/centers, and others. Currently, hospital pharmacy exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global insulin pumps market include Animus Corp., Medtronics Inc., Insulet Corp., Roche Diagnostics, Cellnovo Ltd., Asante, Nipro Diagnostic Inc., Tandem Diabetes Care Inc., Sooil Development Co. Ltd., Ypsomed, etc.

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