Insulin Pumps Market

The global insulin pumps market was worth US$ 3.9 Billion in 2018. 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

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. Looking forward, IMARC Group expects the market to reach a value of US$ 5.5 Billion by 2024, registering a CAGR of around 6% during 2019-2024.

Report Coverage:

• Historical, Current and Future Market Trends
   
• Market Breakup by Product Type:
  • Insulin Pumps 
    • Tethered Pumps
    • Disposable/Patch Insulin Pumps
  • Insulin Pump Supplies and Accessories
    • Infusion Set Insertion Devices
    • Insulin Reservoirs/Cartridges
       
• Market Breakup by Distribution Channel:
  • Hospital Pharmacy
  • Retail Pharmacy
  • Online
  • Diabetes Clinics/ Centers
  • Others
     
• Market Breakup by Region:
  • 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.

Key Questions Answered in This Report:

• How has the global insulin pumps market performed so far and how will it perform in the coming years?
• What are the key regional markets in the global insulin pumps industry?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the distribution channel?
• What are the various stages in the value chain of the global insulin pumps industry?
• What are the key driving factors and challenges in the global insulin pumps industry?
• What is the structure of the global insulin pumps industry and who are the key players?
• What is the degree of competition in the global insulin pumps industry?

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    Market Breakup by Product Type
    5.4    Market Breakup by Distribution Channel
    5.5    Market Breakup by Region
    5.6    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
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$), 2013-2018
Figure 3: Global: Insulin Pumps Market: Breakup by Product Type (in %), 2018
Figure 4: Global: Insulin Pumps Market: Breakup by Distribution Channel (in %), 2018
Figure 5: Global: Insulin Pumps Market: Breakup by Region (in %), 2018
Figure 6: Global: Insulin Pumps Market Forecast: Sales Value (in Billion US$), 2019-2024
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 (Insulin Pump Supplies and Accessories) Market: Sales Value (in Million US$), 2013-2018
Figure 11: Global: Insulin Pumps (Insulin Pump Supplies and Accessories) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 12: Global: Insulin Pumps Market: Sales through Hospital Pharmacy (in Million US$), 2013-2018
Figure 13: Global: Insulin Pumps Market Forecast: Sales through Hospital Pharmacy (in Million US$), 2019-2024
Figure 14: Global: Insulin Pumps Market: Sales through Retail Pharmacy (in Million US$), 2013-2018
Figure 15: Global: Insulin Pumps Market Forecast: Sales through Retail Pharmacy (in Million US$), 2019-2024
Figure 16: Global: Insulin Pumps Market: Online Sales (in Million US$), 2013-2018
Figure 17: Global: Insulin Pumps Market Forecast: Online Sales (in Million US$), 2019-2024
Figure 18: Global: Insulin Pumps Market: Sales through Diabetes Clinics/ Centers (in Million US$), 2013-2018
Figure 19: Global: Insulin Pumps Market Forecast: Sales through Diabetes Clinics/ Centers (in Million US$), 2019-2024
Figure 20: North America: Insulin Pumps Market: Sales Value (in Million US$), 2013-2018
Figure 21: North America: Insulin Pumps Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Europe: Insulin Pumps Market: Sales Value (in Million US$), 2013-2018
Figure 23: Europe: Insulin Pumps Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: Asia Pacific: Insulin Pumps Market: Sales Value (in Million US$), 2013-2018
Figure 25: Asia Pacific: Insulin Pumps Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 26: Middle East and Africa: Insulin Pumps Market: Sales Value (in Million US$), 2013-2018
Figure 27: Middle East and Africa: Insulin Pumps Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 28: Latin America: Insulin Pumps Market: Sales Value (in Million US$), 2013-2018
Figure 29: Latin America: Insulin Pumps Market Forecast: Sales Value (in Million US$), 2019-2024

List of Tables

Table 1: Global: Insulin Pumps Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Insulin Pumps Market Forecast: Breakup by Product Type (in Million US$), 2019-2024
Table 3: Global: Insulin Pumps Market Forecast: Breakup by Distribution Channel (in Million US$), 2019-2024
Table 4: Global: Insulin Pumps Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 5: Global: Insulin Pumps Market Structure
Table 6: Global: Insulin Pumps Market: Key Players