The global insulin pump market is anticipated to grow at a considerable CAGR of 8.5% during the forecast period (2022-2028). The development of advanced pumps powered by smart technologies, such as artificial intelligence (AI) and machine learning (ML) by some key medical device manufacturers is exponentially promoting the demand for the insulin pumps across the globe. Smart technologies including AI and ML has rapidly penetrated into the healthcare IT and are now steadily heading towards diabetes management. These innovations in insulin pumps are resulting in more efficient and convenient pumps with greater patient satisfaction. As compared to traditional insulin injections, the new-generation pumps are convenient, safe, and provide accurate results.
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Moreover, the technology in theses pumps also enables patients to address their health issues by connecting with the healthcare team and sharing data. Enabled by these factors, the market is expected to rise significantly during the forecast period. Spearheading these trends companies are developing new generation insulin pumps with advanced technology such as AI and ML. For instance, Tandem Diabetes Care offers t:slim X2 insulin pump for continuous subcutaneous insulin delivery to manage blood glucose levels in people with type 1 diabetes. The technology combines glucose monitoring using a CGM with advanced algorithms in the insulin pump to predict low glucose and suspend insulin delivery. The Control?IQ algorithm software can adjust basal insulin levels and give correction doses.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Type
o By End Users
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Abbott Laboratories, Asante, B. Braun Melsungen AG, Insulate Corp., MiniMed Distribution Corp., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Insulin Pump Market Report Segment
By Type
- Traditional Pumps
- Disposable Pumps
- Smart Pumps
By End User
- Hospitals and Clinics
- Home Care
- Laboratories
A full report of Insulin Pump Market is available at: https://www.omrglobal.com/industry-reports/insulin-pump-market
Insulin Pump Market– Segment by Region
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
- Middle East & Africa
- Latin America
Company Profiles
- Abbott Laboratories
- Asante
- Braun Melsungen AG
- Insulate Corp.
- MiniMed Distribution Corp.
- Nipro Diagnostics Inc.
- Medsun Biomedical Technologies Pvt. Ltd. (Omron)
- Roche Diabetes Care Middle East FZCO
- Sanofi S.A.
- Sooil Development Co. Ltd.
- Tandem Diabetes Care, Inc.
- Ypsomed AG
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