Insulin Pump Market Overview

As per Stellar Market Research, a global business research and consultancy firm, the total global market for “Insulin Pump Market” was USD4.90 Bn. in 2023 and is expected to grow at a CAGR of 16% over the forecast period to reach USD 14.42 Bn. by 2030.

Insulin Pump Market Scope and Methodology

The report offers a comprehensive analysis of the Insulin Pump Market, providing key insights into pricing, investments, expansion plans, and physical presence in the market. The market estimations and growth rates are derived using a bottom-up approach, ensuring accuracy and reliability. A detailed examination is conducted on the drivers, restraints, opportunities, and challenges influencing the Insulin Pump Market. It includes information on the revenue, financial standing, portfolio, technology adoption, merger and acquisition activities, joint ventures, and strategic alliances of the top players in the market. The report also highlights their local market shares, contributing to the competitive environment within the Insulin Pump market. Regional analysis is conducted at local, regional, and global levels, providing a comprehensive understanding of market dynamics. The competitive analysis of the growth models and strategies employed by key players, along with a thorough analysis of their dominant market share and penetration. The report also identifies emerging regions that are expected to become major markets for the Insulin Pump Market.

Both primary and secondary data sources are utilized in the report, enabling a comprehensive analysis with qualitative and quantitative insights. The primary data collection method involves questionnaires and telephonic interviews with market leaders, business owners, and other relevant stakeholders. Secondary research incorporates data from financial reports, annual reports, white papers, and other reliable sources. The report includes SWOT, PORTER and PESTLE analyses, assessing the potential impact of macroeconomic factors on the Insulin Pump Market. SWOT analysis helps identify market threats and weaknesses, while PORTER Five Forces analysis determines the competitive intensity of the industry in the Insulin Pump Market. 

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Insulin Pump Market Regional Insights

The Regional Analysis provides the Insulin Pump market status of various countries are included in the report. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The analysis of the regions is conducted at a local and country level  .The Insulin Pump market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. 

Insulin Pump Market Segmentation

by Product Type

Pumps
Consumables

The Insulin Pump Market is divided into two product types: pumps and consumables. Because of the advantages of pumps over many daily injections, continuous glucose monitors, and other devices, the pumps segment captured the majority of the market. As a result, the use of these pumps is rapidly increasing in wealthier nations. According to Elizabeth Gasser, Tandem's chief strategy officer, the use of pumps among patients with type 1 diabetes worldwide increases with market penetration in the United States and internationally, reaching around 65 percent and 20 percent by 2030, respectively. Because these pumps are becoming more frequently utilized internationally, and as a result of the increased need for consumables, the consumables category is expected to grow significantly over the forecast period. Consumables are becoming increasingly frequently used around the world due to a variety of factors, including their lower cost, convenience of availability, and shorter replacement cycles for products such as infusion sets, batteries, and insulin vials versus pumps.

by Disease Indication

Type 1 Diabetes
Type 2 Diabetes

The Insulin Pump Market is divided into two segments based on disease indication: Type 1 Diabetes and Type 2. Because of the increasing prevalence of type 1 diabetes worldwide, the type 1 diabetes segment will dominate the market in 2023. For example, the International Diabetes Federation (DF) predicts that approximately 1.2 million children and teens may develop type 1 diabetes globally by 2021. Because type 1 diabetes patients rely on insulin, they have a much higher need for insulin pumps and other consumables. Because of the increasing prevalence of Type 2 diabetes around the world, the type 2 diabetes industry is expected to develop steadily over the forecast period. Furthermore, the business is backed by an increase in the number of persons with Type 2 diabetics who require insulin, as well as people transitioning from MDs to alternate treatments such as pumps.

Insulin Pump Market Key Players

Medtronic PLC (Ireland)
Hoffmann-La Roche Ltd (Switzerland)
Tandem Diabetic Care, Inc. (U.S.)
Insulet Corporation (U.S.)
Ypsomed (Switzerland)
Cellnovo (U.K.)
Sooil Development (South Korea)
Valeritas, Inc (U.S.)
Jingasu Delfu Co., Ltd. (China)

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Key questions answered in the Insulin Pump Market are:

  • What is Insulin Pump?
  • What was the Insulin Pump market size in 2022?
  • What are the different segments of the Insulin Pump Market?
  • What growth strategies are the players considering to increase their presence in Insulin Pump?
  • What are the upcoming industry applications and trends for the Insulin Pump Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Insulin Pump Market?
  • Who are the key players in the Insulin Pump market?
  • What major challenges could the Insulin Pump Market face in the future? 
  • What segments are covered in the Insulin Pump Market?
  • Who are the leading companies and what are their portfolios in Insulin Pump Market? 

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by Different Segment | 2024-2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 

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About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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