Insulin Infusion Pumps Market To Exhibit Huge Growth On Account Of Rising Occurrence Of Diabetes And Increasing Aged Population Globally Till 2023 | Million Insights
Global Insulin Infusion Pumps Market is anticipated to witness an exponential growth in the forecast period. Insulin infusion pumps are the devices that are used to control insulin in diabetes mellitus patients. Insulin infusion pumps control the correct dose of insulin into the body and with less pain. In addition, Insulin pumps are working as substitutes for daily insulin injection and insulin pen. Infusion pumps are used to fill essential fluids with nutrients and/or medications, to a patient’s circulatory system.
Factors such as increase in the occurrence of diabetes, growing aged population, technological progressions of the devices, ease of management of insulin with infusion pumps, accuracy in releasing of insulin dose, rising occurrences of government initiatives, increasing occurrence of diabetes, rise in the geriatric population, surge in the preference for home-based insulin treatment are likely to drive the insulin infusion pumps market in forthcoming period.
Full Research Report On Global Insulin Infusion Pumps Market Analysis available at: https://www.millioninsights.com/industry-reports/insulin-infusion-pumps-market
On the other hand, product recalls, lack of reimbursement policies for insulin devices, the high price of devices, and lack of consciousness about insulin infusion pumps are anticipated to hinder insulin infusion pumps market growth in future. However, flexibility in meal scheduling and marketing activities by the market key players is likely to create lucrative opportunities for the market. Globally, market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Insulin infusion pumps market could be explored by product type, diabetes type, end users, and geography. Market by product type could span open loop pumps, closed loop pumps and others. Based on diabetes type, market could span Type -1 diabetes and Type-2 diabetes. The market could be explored based on end user as online pharmacies, Hospital pharmacies, and others. The “Hospital Pharmacies” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.
North America is a leading region in the market. It is likely to maintain its dominance in the forecast period owing to factors such as increasing aged population, the presence of high number of diabetic patients in the region, technological advancement, and rising awareness toward advanced insulin devices. North America is followed by the Asia-Pacific region owing to rising incidences of government initiatives, and increasing diabetic patients in the region.
Key players operating in the insulin infusion pumps market include Aniums Corporation, Abbott Laboratories, Becton, Asante, Braun Melsungen AG, Dickson and Company, Insulate Corporation, Cell NoVo Ltd., Johnson & Johnson, Nipro Diagnostics Inc., Medtronic’s Inc., Roche AG, Omron, Sanofi, Tandem Diabetes, Sooil Development Co. Ltd., Ypsome, and Care Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Request for Free Sample Copy at: https://www.millioninsights.com/industry-reports/insulin-infusion-pumps-market/request-sample
Market Segment:
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Insulin Infusion Pumps in these regions, from 2012 to 2023 (forecast), covering
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Insulin Infusion Pumps market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Medtronic MiniMed
• SOOIL Development Co., Ltd.
• Johnson & Johnson
• Roche
• Shinmyung Mediyes
• Fornia
• Microport
• Weigao
• Phray
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Closed-Loop
• Open-Loop
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Insulin Infusion Pumps for each application, including
• Hospitals
• Individuals
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/medical-devices
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
For More Information: www.millioninsights.com
Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: www.millioninsights.com/industry-reports/insulin-infusion-pumps-market
