Insulin pump is used for the administration of insulin in the treatment of diabetes mellitus. In Insulin pumps, sensor is used to obtain interstitial glucose values. The major factors that contributes in the growth of the market are increasing incidence of diabetes, demand for non-invasive glucose monitoring and FDA clearance to new products. Further, raising awareness towards diabetes and insulin delivering devices and high demand for wearable insulin pump are estimated to fuel the growth of the market. However, there are certain challenges that are affecting the growth of the insulin pump sensor market across the globe. High cost of insulin pumps and accuracy & longevity issues in sensors are estimated to be the major constraints in the growth of the market.
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Several companies have received FDA approval for the glucose monitoring system which is expected to increase the demand for glucose sensor across the globe. For instance, in 2018, Medtronic received FDA approval for guardian connect system. This system consists the Guardian Sensor 3 which is an advanced glucose sensor with 96% low detection rate. This sensor is inserted into abdomen and can be worn for up to 7 days. Guardian Sensor 3 measures glucose levels from fluid under the skin and sends readings to an app on smartphone.
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The market study of global insulin pump sensor market is incorporated by extensive primary and secondary research conducted by research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors.
Global Insulin Pump Sensor Market – Company Profiles
- Abbott Laboratories
- Animas Corporation
- Becton, Dickinson And Company
- Bigfoot Biomedical, Inc.
- Boston Scientific Corporation
- Ccs Medical
- Dexcom, Inc.
- Eli Lilly
- Gluco-Chaser Inc.
- Glusense Ltd.
- Glysens Inc.
- Insulet Corporation
- Medtronic
Global Insulin Pump Sensor Market- Segmentation
By Type
- Invasive Glucose Sensor
- Non-Invasive Glucose Sensor
By Product
- Electrochemical Biosensor
- Optical Biosensor
- Thermometric Biosensor
- Piezoelectric Biosensor
- Magnetic Biosensor
By End-User
- Homecare
- Hospitals And Clinics
- Diagnostic Center
- Other
Global Insulin Pump Sensor Market- Regions
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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