Insulin Pumps Market Forecast 2021-26: Research, Industry Trends, Key Players and Growth – IMARC Group

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According to the latest report by IMARC Group, titled “Insulin Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global insulin pumps market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global insulin pumps market to reach a value of US$ 5.6 Billion by 2026. Insulin pumps are portable medical devices that are utilized to administer insulin in type 1 or type 2 diabetic patients’ body. They mimic the function of pancreas and aid in managing the sugar levels in the body. These pumps resemble a smartphone in terms of size and are worn outside the body. They can deliver insulin in a steady and continuous dose (basal) as well as in variable amounts around a mealtime (bolus). These pumps usually consist of built-in bolus calculators that estimate the dosage of insulin required by the user based on the patient’s glucose levels.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Global Insulin Pumps Market Trends:

A significant increase in the diabetic population is one of the major growth-inducing factors for the market. Hectic lifestyles with minimal physical activities have led to a rise in the incidences of lifestyles diseases such as diabetes and obesity. Moreover, rapid urbanization, busy schedules, changing dietary patterns and inflating per capita income have contributed significantly to the escalating sales of junk and convenience foods which, in turn, has increased the occurrence of diabetes. Population aging has also contributed to the enhanced prevalence of the disease. Furthermore, governments of several countries are actively engaging in awareness campaigns regarding insulin therapy and medical provisions for the treatment of diabetes. For instance, the Government of Australia’s Insulin Pump Program provides fully subsidized insulin pumps to children up to the age of 18. Other factors contributing to the market growth include increasing healthcare expenditure by governments of both developing and developed nations and enhanced focus research and development (R&D) by the manufacturers to develop more efficient products.

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Key Market Segmentation:                  

Competitive Landscape:                      

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Animus Corp.
  • Medtronics Inc.
  • Insulet Corp.
  • Roche Diagnostics
  • Cellnovo Ltd.
  • Asante
  • Nipro Diagnostic Inc.
  • Tandem Diabetes Care Inc.
  • Sooil Development Co. Ltd.
  • Ypsomed

Breakup by Product Type:

  • Insulin Pumps
    • Tethered Pumps
    • Disposable/Patch Insulin Pumps
  • Insulin Pump Supplies and Accessories
    • Infusion Set Insertion Devices
    • Insulin Reservoirs/Cartridges

Breakup by Distribution Channel:

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Sales
  • Diabetes Clinics/ Centers
  • Others

Breakup by Region:

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

Key highlights of the Report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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