Market Overview:
The global insulin pump market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of diabetes, technological advancements in insulin pumps, and rising awareness about diabetes management. The normal type segment is expected to dominate the global insulin pump market during the forecast period owing to its low cost and easy availability. However, the patch pump segment is projected to grow at a higher CAGR due its advantages such as discreetness, portability, and accuracy over traditional pumps. On the basis of application, type I diabetes is estimated to account for a larger share of the global insulin pump market than type II diabetes during 2018-2030.
Product Definition:
An insulin pump is a device that delivers insulin to the body through a small needle inserted just below the skin. Insulin pumps offer many benefits over other methods of delivering insulin, such as injections.
Normal:
Insulin pumps are medical devices that automate the delivery of insulin to diabetic patients. Insulin pumps can be programmed to deliver a specific set of doses, which may be more appropriate for some patients than the large bolus injections required by others. The normal is an artificial construct designed to mimic normal blood glucose levels (NG) and it serves as a basis for comparison when evaluating the efficacy and safety of antidiabetic drugs in humans.
Patch Pump:
A patch pump is a small portable device that extracts insulin from a patient's blood and delivers it into the patient's body. It is used to replace the need for continuous monitoring of blood glucose levels. The main function of this device is to allow patients with diabetes to take their insulin dose at any time, irrespective of where they are.
Application Insights:
The global insulin pump market by application is categorized into type I and other diabetes and type II. In 2017, the other diabetes segment dominated the market with a share of over 60.0%. This is attributed to increasing prevalence of obesity which causes insulin resistance, resulting in hyperglycemia. Type II diabetes is also known as non-insulin-dependent or adult-onset diabetes because it occurs in adults who have never been diagnosed with this disease before. The incidence rate for this condition has been rising steadily since the 1980s and currently affects nearly 30 million people across the globe according to estimates published by International Diabetes Federation (IDF).
Type I diabetics are often referred to as juvenile or infant diabetics due to prevalent prevalence rates among children and adolescents along with proper diagnosis methods being available only after recent years owing to improved healthcare facilities around the world coupled with better understanding of diseases associated with improper glucose levels among patients & their families/caregivers.
Regional Analysis:
North America dominated the global insulin pump market in 2017 owing to a rise in the prevalence of diabetes and awareness about new technologies. The presence of major players such as Medtronic, Roche, and Novo Nordisk also boosts the growth of this region. In addition, increasing government funding for research & development activities is expected to fuel product innovation which will further boost demand for these devices over the forecast period. For instance, according to an article published in Diabetes Care Magazine (2017), U.S.-based companies received around USD X million from NIH between 2011-2015 for developing innovative products that address unmet needs related to insulin pumps’ technology or patient comfort & convenience features.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due with rising disposable income coupled with growing healthcare expenditure especially by governments towards improving healthcare infrastructure.
Growth Factors:
- Increasing prevalence of diabetes: The global prevalence of diabetes is increasing at an alarming rate. This is expected to drive the demand for insulin pumps in the coming years.
- Technological advancements: The insulin pump market is witnessing rapid technological advancements, with new products being launched regularly. This is likely to boost the growth of the market in the coming years.
- Rising awareness about benefits of insulin pumps: There is a growing awareness among people about the benefits of using insulin pumps over injections and this is likely to propel demand for these devices in the near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Insulin Pump Market Research Report
By Type
Normal, Patch Pump
By Application
Type I Diabetes, Type II Diabetes
By Companies
Medtronic, Johnson & Johnson, Roche, SOOIL, Tandem Diabetes care, Insulet Corp, Valeritas, Microport
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Insulin Pump Market Report Segments:
The global Insulin Pump market is segmented on the basis of:
Types
Normal, Patch Pump
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Type I Diabetes, Type II Diabetes
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Johnson & Johnson
- Roche
- SOOIL
- Tandem Diabetes care
- Insulet Corp
- Valeritas
- Microport
Highlights of The Insulin Pump Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Normal
- Patch Pump
- By Application:
- Type I Diabetes
- Type II Diabetes
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Insulin Pump Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Insulin pump is a medical device that helps people with diabetes to control their blood sugar levels by delivering insulin through a tube in the stomach.
Some of the major players in the insulin pump market are Medtronic, Johnson & Johnson, Roche, SOOIL, Tandem Diabetes care, Insulet Corp, Valeritas, Microport.
The insulin pump market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Insulin Pump Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Insulin Pump Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Insulin Pump Market - Supply Chain
4.5. Global Insulin Pump Market Forecast
4.5.1. Insulin Pump Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Insulin Pump Market Size (000 Units) and Y-o-Y Growth
4.5.3. Insulin Pump Market Absolute $ Opportunity
5. Global Insulin Pump Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Insulin Pump Market Size and Volume Forecast by Type
5.3.1. Normal
5.3.2. Patch Pump
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Insulin Pump Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Insulin Pump Market Size and Volume Forecast by Application
6.3.1. Type I Diabetes
6.3.2. Type II Diabetes
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Insulin Pump Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Insulin Pump Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Insulin Pump Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Insulin Pump Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Insulin Pump Demand Share Forecast, 2019-2026
9. North America Insulin Pump Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Insulin Pump Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Insulin Pump Market Size and Volume Forecast by Application
9.4.1. Type I Diabetes
9.4.2. Type II Diabetes
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Insulin Pump Market Size and Volume Forecast by Type
9.7.1. Normal
9.7.2. Patch Pump
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Insulin Pump Demand Share Forecast, 2019-2026
10. Latin America Insulin Pump Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Insulin Pump Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Insulin Pump Market Size and Volume Forecast by Application
10.4.1. Type I Diabetes
10.4.2. Type II Diabetes
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Insulin Pump Market Size and Volume Forecast by Type
10.7.1. Normal
10.7.2. Patch Pump
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Insulin Pump Demand Share Forecast, 2019-2026
11. Europe Insulin Pump Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Insulin Pump Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Insulin Pump Market Size and Volume Forecast by Application
11.4.1. Type I Diabetes
11.4.2. Type II Diabetes
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Insulin Pump Market Size and Volume Forecast by Type
11.7.1. Normal
11.7.2. Patch Pump
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Insulin Pump Demand Share, 2019-2026
12. Asia Pacific Insulin Pump Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Insulin Pump Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Insulin Pump Market Size and Volume Forecast by Application
12.4.1. Type I Diabetes
12.4.2. Type II Diabetes
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Insulin Pump Market Size and Volume Forecast by Type
12.7.1. Normal
12.7.2. Patch Pump
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Insulin Pump Demand Share, 2019-2026
13. Middle East & Africa Insulin Pump Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Insulin Pump Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Insulin Pump Market Size and Volume Forecast by Application
13.4.1. Type I Diabetes
13.4.2. Type II Diabetes
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Insulin Pump Market Size and Volume Forecast by Type
13.7.1. Normal
13.7.2. Patch Pump
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Insulin Pump Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Insulin Pump Market: Market Share Analysis
14.2. Insulin Pump Distributors and Customers
14.3. Insulin Pump Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Medtronic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Johnson & Johnson
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Roche
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SOOIL
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tandem Diabetes care
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Insulet Corp
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Valeritas
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Microport
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
