Global insulin pump market is anticipated to grow at a CAGR of 8.5% during the forecast period (2024–2031). The market growth is driven by the increasing incidence of diabetes due to aging, obesity, and an unhealthy lifestyle. Additionally, the rising R&D and the increasing integration of IT in the healthcare industry are driving market growth. However, the high cost of insulin pumps and the associated skin infection are impeding the market growth. In addition, a lack of skilled professionals- capable of efficiently managing insulin pumps is limiting the market growth. Moreover, ongoing research into aerosolized insulin for inhalation, and insulin-producing stem cell implants shows promising results, which could present a convenient substitution to the insulin pump technology and threaten the market growth.
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Recent Developments
- In November 2023, ViCentra B.V. launched a hybrid closed-loop system for automated insulin delivery. This system delivers insulin by using the DBLG1 algorithm, which receives input from the Dexcom G6 Continuous Glucose Monitoring (CGM) sensor. It combines the Kaleido insulin pump technology with two innovations designed by Diabeloop and Dexcom.
- In March 2022, Medtronic Pic launched Minimed 780G, which is a closed insulin pump system for the treatment of type 1 diabetes in elderly citizens.
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- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: B. Braun Melsungen AG, Insulet Corp. (Omnipod), Medtronic Plc, Tandem Diabetes Care, Inc., and Sanofi SA among others.
Global Insulin Pump Market Report Segment
By Type
- Traditional Pump
- Disposable Pumps
- Smart Pumps
By Channel
- Hospitals and Clinics
- Home Care
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