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Pulished Date April, 2021
ID: 9020
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Global Insulin Pump Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Type (Traditional Insulin Pumps, Disposable Insulin Pumps), End User and Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Industry Forecast (2021 to 2026)

Pulished: April, 2021
ID: 9020
Pages: 120

Insulin Pump Market Size (2021 to 2026)

As per our analysis report, the global insulin pump market size is estimated to grow USD 9644.2 million by 2026 from USD 4459.5 million in 2021, projecting a compound annual growth rate (CAGR) of 16.68% during the forecast period.

An insulin pump is a medical device used to regulate the way of pancreas functions by administrating small doses of insulin to treat diabetes mellitus disease. It is also known as subcutaneous therapy. In the medical sector, these pumps have an immense role in administrating insulin dosages and subjects to control sugar in the blood. A modern insulin pump is manufactured with smart features such as programmable metabolic rate, which helps the patient maintain correct dosage form.

The insulin pump is attached to an infusion set with a cannula, which helps to deliver continuous insulin into the human body. It contains short-acting and rapid-acting insulin instead of long-acting insulin. The pump is used to maintain blood glucose levels and also improve A1C levels. The wireless pumps directly connect with the blood sugar level meter, and some are directly inserted into the skin that helps to monitor blood glucose levels. 

MARKET DRIVERS:

Growing diabetes management care, rising adoption of these products, and technology developments are a few of the primary key drivers to the global insulin pump market growth.

Insulin pumps are highly convenient to use, significantly driving the adoption of these products, thus boosting the market growth. An increasing number of diabetic patients worldwide demand more insulin pumps for disease management, which is expected to accelerate market growth to an extreme level.

Furthermore, factors such as the increasing prevalence of diabetes, various insulin types, and growing awareness of diabetes and insulin delivery devices contribute a boost to the global insulin pump market. Also, the development of the artificial pancreas and home infusion therapy further promotes this market's growth to a certain extent. Moreover, professional and consumer information programs provided by insulin infusion pump manufacturers are encouraging the adoption of insulin delivering devices and ultimately driving the growth of this market.

Additionally, increasing home healthcare infusion therapy, growing elderly population, and rising demand for personalized medicine are lavishing the growth rate of the market. Increasing support from the government through investments in the healthcare centers and changes in the policies favoring the public is to spur growth opportunities for the market. Increasing incidences of cardiovascular diseases, eye disorders, and others are escalating the global insulin pump market's growth.

MARKET RESTRAINTS:

Various concerns associated with insulin delivery devices, such as skin infections and the high cost of insulin analogs and pumps, are hampering this market's growth. Besides, the lack of skilled professional for the appropriate handling of insulin pump further restrains this market's expansion to a certain extent. Moreover, currently, research on aerosolized insulin for inhalation, oral insulin, and insulin-producing stem cell implantation is going on, and positive results will lead to hindering the market's growth.

COVID-19 impact on the insulin pump market:

Amid the COVID-19 pandemic outbreak and the looming economic recession, the Insulin Pumps market worldwide will grow by a projected USD 8264 million by 2025, driven by a revised compounded annual growth rate (CAGR) of 16.68%.

In this outbreak, most companies were looking for an online platform, e-pharmacy, and emergency medical shops to provide insulin pumps to the customers. COVID-19 disease has negatively impacted the medical devices industry and reduced the demand for electronics or any medical device equipment. Even so, the government has taken the initiative to start providing essential requirements to diabetes patients and other heart-related diseases. In this situation, some companies stand out to supply insulin pumps to the diabetes population using online shopping of essential accessories. Recently, Medtronic and Tandem are the companies that step up with coronavirus outbreaks with the online platform's help.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 to 2026

Base Year

2020

Forecast Period

2021 to 2026

Segments Analysed

By Type, End-User, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Analysed

North America, Europe, Asia Pacific, Latin America, Middle East, and Africa

 

This research report on the global insulin pump market has been segmented based on the type, end-user, and region.

Insulin Pump Market - By Pump Type:

  • Traditional
  • Disposable

Based on type, the disposable insulin pump segment is holding dominant shares of the market. Rising prevalence to reduce infections is likely to bolster the demand of the global insulin pump market.

The traditional Insulin pump is projected to see decent growth during the forecast period. Traditional insulin pumps have a reservoir and mechanism action with an infusion kit. The insulin path pumps deliver insulin directly into the body's skin.

Insulin Pump Market – By End User:

  • Hospitals & Clinics
  • Homecare
  • Laboratories
  • Others

The hospital segment is expected to continue its dominance over the forecast period, associated with skilled professionals' availability, increasing government expenditure, and rising private sector investment in the healthcare sector.

The home care segment is anticipated to grow at the fastest CAGR of 10.1% during the forecast period. The sector's growth is attributed to the increasing awareness about insulin pump use and the vast adoption of these products at home due to their usability. Furthermore, the growing use of patch pumps, compact and portable, is also expected to boost the market growth during the forecast timeframe.

Insulin Pump Market - By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Regionally, North America is accounted for the highest shares of the market in 2020 owing to the presence of significant market players. Furthermore, factors such as the increasing prevalence of obesity, treatment cost, technological advancements, and product launches are expected to drive regional growth. Europe is also likely to capture a significant market share over the forecast period due to an increase in the aging population prone to diabetes. Furthermore, improvements in its healthcare sector and the implementation of advanced medical products augment regional product demand.

With the adoption of the latest technologies and innovative devices in favor of the patient's health condition, the North American insulin pumps market led the global market. Europe is positioned second in driving the highest shares of the market. Increasing awareness over the availability of the Insulin pump is likely to outshine the demand of this market.

The Asia Pacific is estimated to be a promising region for insulin pumps. Increasing healthcare investments and government initiatives to improve diabetes awareness are the principal factors aiding regional growth. China led the regional market in 2020 due to its economic growth and numerous diabetes patients. Furthermore, the adoption of new technology in developing economies is also anticipated to boost growth soon. The Asia Pacific has the highest growth rate from the past few years with the increasing geriatric population and, again, a rise in the manufacturing rate of smart featured pumps. The Middle East and Africa are anticipated to have inclined growth rates in the future.

KEY MANUFACTURERS IN THIS MARKET:

Notable companies playing a dominant role in the global insulin pump market profiled in this report are Animus Corporation (U.S.), Asante (U.S.), Cellnovo Ltd. (U.K.), Insulet Corporation (U.S.), Medtronics, Inc. (U.S.), Nipro Diagnostic, Inc. (Japan), Ypsomed (Switzerland), Roche (Switzerland), Sooil Development Co., Ltd. (Korea) and Tandem Diabetes Care, Inc. (U.S.).

RECENT HAPPENINGS IN THE GLOBAL INSULIN PUMP MARKET:

  • On June 15, 2019, Medtronic collaborated with Tidepool to introduce a new system of interoperable automated insulin pumps to treat type 1 and type 2 diabetes mellitus. Both companies focused on the Bluetooth-enabled MiniMed ACE pump in the coming year. 
  • On January 25, 2020, Tandem Diabetes launches a new version of their t: slim X2 pump product with an IQ-technology control due to the advanced modification in the healthcare sector.
  • On February 24, 2020, Insulet partnered with Abbott and developed an Omnipod system, which delivers insulin for 72 hours in a single time. Also, the consumer can use the app on their smartphones to deliver doses of fast-acting insulin.
  1. Introduction
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Type
      1. Traditional Insulin Pumpss
      2. Disposable Insulin Pumpss
      3. Y-o-Y Growth Analysis, By Type
      4. Market Attractiveness Analysis, By Type
      5. Market Share Analysis, By Type
    2. By End User
      1. Hospitals & Clinics
      2. Homecare
      3. Laboratories
      4. Others
      5. Y-o-Y Growth Analysis, By End User
      6. Market Attractiveness Analysis, By End User
      7. Market Share Analysis, By End User
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends       
      2. Impact Analysis        
      3. Y-o-Y Growth Analysis            
        1. By Geographical Area
        2. By Type
        3. By End User
      4. Market Attractiveness Analysis          
        1. By Geographical Area
        2. By Type
        3. By End User
      5.          Market Share Analysis   
        1. By Geographical Area
        2. By Type
        3. By End User
    2. North America
      1. Introduction
      2. US
      3. Canada
    3. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
    4. Asia-Pacific
      1. Introduction
      2. India
      3. China
      4. Japan
      5. South Korea
      6. Australia
    5. Latin America
      1. Introduction
      2. Brazil
      3. Argentina
      4. Mexico
    6. Middle East & Africa
      1. Introduction
      2. Middle East
      3. Africa
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Market Leaders' Analysis
    1. Animus Corporation (U.S.)
      1. Overview
      2. Product Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. Asante (U.S.)
    3. Cellnovo Ltd. (U.K.)
    4. Insulet Corporation (U.S.)
    5. Medtronics, Inc. (U.S.)
    6. Nipro Diagnostic, Inc. (Japan)
    7. Ypsomed (Switzerland)
    8. Roche (Switzerland)
    9. Sooil Development Co., Ltd. (Korea)
    10. Tandem Diabetes Care, Inc. (U.S.)
  9. Competitive Landscape
    1. Merger and Acquisition Analysis
    2. Agreements, Collaborations and Joint Ventures
    3. New Product Launches
  10. Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures  
  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of raw materials, by application, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Insulin Pump Market, By Region, From 2021 to 2026 (USD Million)
  2. Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  3. Global Traditional Market, By Region, From 2021 to 2026 (USD Million)
  4. Global Disposable Market, By Region, From 2021 to 2026 (USD Million)
  5. Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  6. Global Hospitals & Clinics Market, By Region, From 2021 to 2026 (USD Million)
  7. Global HomeCare Market, By Region, From 2021 to 2026 (USD Million)
  8. Global Laboratories Market, By Region, From 2021 to 2026 (USD Million)
  9. Global Others Market, By Region, From 2021 to 2026 (USD Million)
  10. North America Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  11. North America Traditional Market, By Region, From 2021 to 2026 (USD Million)
  12. North America Disposable Market, By Region, From 2021 to 2026 (USD Million)
  13. North America Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  14. North America Hospitals & Clinics Market, By Region, From 2021 to 2026 (USD Million)
  15. North America HomeCare Market, By Region, From 2021 to 2026 (USD Million)
  16. North America Laboratories Market, By Region, From 2021 to 2026 (USD Million)
  17. North America Others Market, By Region, From 2021 to 2026 (USD Million)
  18. United States Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  19. United States Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  20. Canada Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  21. Canada Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  22. Europe Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  23. Europe Traditional Market, By Region, From 2021 to 2026 (USD Million)
  24. Europe Disposable Market, By Region, From 2021 to 2026 (USD Million)
  25. Europe Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  26. Europe Hospitals & Clinics Market, By Region, From 2021 to 2026 (USD Million)
  27. Europe HomeCare Market, By Region, From 2021 to 2026 (USD Million)
  28. Europe Laboratories Market, By Region, From 2021 to 2026 (USD Million)
  29. Europe Others Market, By Region, From 2021 to 2026 (USD Million)
  30. U.K. Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  31. U.K. Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  32. Germany Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  33. Germany Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  34. France Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  35. France Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  36. Italy Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  37. Italy Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  38. Spain Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  39. Spain Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  40. Asia Pacific Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  41. Asia Pacific Traditional Market, By Region, From 2021 to 2026 (USD Million)
  42. Asia Pacific Dispoasble Market, By Region, From 2021 to 2026 (USD Million)
  43. Asia Pacific Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  44. Asia Pacific Hospitals & Clinics Market, By Region, From 2021 to 2026 (USD Million)
  45. Asia Pacific HomeCare Market, By Region, From 2021 to 2026 (USD Million)
  46. Asia Pacific Laboratories Market, By Region, From 2021 to 2026 (USD Million)
  47. Asia Pacific Others Market, By Region, From 2021 to 2026 (USD Million)
  48. Japan Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  49. Japan Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  50. China Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  51. China Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  52. India Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  53. India Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  54. Australia Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  55. Australia Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  56. South Korea Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  57. South Korea Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  58. Latin America Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  59. Latin America Traditional Market, By Region, From 2021 to 2026 (USD Million)
  60. Latin America Disposable Market, By Region, From 2021 to 2026 (USD Million)
  61. Latin America Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  62. Latin America Hospitals & Clinics Market, By Region, From 2021 to 2026 (USD Million)
  63. Latin America Homecare Market, By Region, From 2021 to 2026 (USD Million)
  64. Latin America Laboratories Market, By Region, From 2021 to 2026 (USD Million)
  65. Latin America Others Market, By Region, From 2021 to 2026 (USD Million)
  66. Brazil Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  67. Brazil Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  68. Argentina Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  69. Argentina Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  70. Mexico Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  71. Mexico Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  72. Rest of Latin America Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  73. Rest of Latin America Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  74. Middle East and Africa Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  75. Middle East and Africa Traditional Market, By Region, From 2021 to 2026 (USD Million)
  76. Middle East and Africa Disposable Market, By Region, From 2021 to 2026 (USD Million)
  77. Middle East and Africa Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  78. Middle East and Africa Hospitals & Clinics Market, By Region, From 2021 to 2026 (USD Million)
  79. Middle East and Africa Homecare Market, By Region, From 2021 to 2026 (USD Million)
  80. Middle East and Africa Laboratories Market, By Region, From 2021 to 2026 (USD Million)
  81. Middle East and Africa Others Market, By Region, From 2021 to 2026 (USD Million)
  82. Middle East Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  83. Middle East Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)
  84. Africa Global Insulin Pump Market, By Pump Type, From 2021 to 2026 (USD Million)
  85. Africa Global Insulin Pump Market, By End User, From 2021 to 2026 (USD Million)

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