The global Insulin Pump Market size is expected to reach USD 10.57 billion by 2030, registering a CAGR of 8.22% from 2024 to 2030, according to a new report by Grand View Research, Inc. The key factors driving the growth of the market are the technological advancements and the adoption of pumps over traditional methods. These pumps are very convenient for people who require daily multiple injections of insulin.
Insulin pump is a
machine that enables insulin to be delivered either manually or automatically.
These pumps can be programmed to deliver a specific set of doses and can also
deliver a larger set of doses of glucose whenever required, such as before a
meal. Patients can connect these devices to their smartphones to calibrate
blood glucose readings. Technological advancement and new product launches
across the globe are also fueling the market during the forecast period. For
instance, Medtronic’s MiniMed 670G system is the world’s first hybrid closed
loop system that acts as an artificial pancreas. The system provides automated
insulin delivery as per the patient’s CGM readings.
The insulin pumps
market is anticipated to witness a high growth rate during the forecast period
due to the continuous efforts for diabetes control by government and healthcare
organizations such as the International Diabetes Federation (IDF). These
organizations provide required expertise and support diabetes awareness
campaigns through a network of stakeholders and partners. Also, increasing
health care funding is anticipated to propel growth. Additionally, the market
is expected to witness a shift from the usage of traditional tethered pumps to
patch pumps driven by their compact size and ease of use.
List of Key
Players in the Insulin Pump Market
- Medtronic
- Hoffmann-La Roche AG
- Tandem Diabetes Care, Inc.
- Insulet Corporation
- Ypsomed
- Sanofi S.A.
- Sooil development
- Jiangsu Delfu Co., Ltd.
- Cellnovo Ltd
- Valeritas, Inc
Related Press Release@ Insulin Pump Market Report
Insulin Pump
Market Report Highlights
- The tethered pumps segment led the market with the
largest revenue share of 77.7% in 2023
- The Medtronic’s MiniMed insulin pumps segment
contributed to the highest of sales in the market owing to high adoption
rate and advancement in technology
- The insulin set insertion devices segment led the
market with the largest revenue share of 41.2% in 2023. The market share
is attributed to notable growth due to advancements in user-friendly
designs and enhanced comfort.
- North America dominated the insulin pumps market
with the largest revenue share of 45.67% in 2023. Factors such as the
increasing prevalence of diabetes in the region boost adoption of insulin
pumps. Furthermore, the high treatment costs, technological advancement,
and product launches are also expected to drive the market in the region
Insulin Pump Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2024 |
USD 6.58 billion |
|
Revenue forecast in 2030 |
USD 10.57 billion |
|
Growth rate |
CAGR of 8.22% from 2024 to 2030 |
|
Base year for estimation |
2023 |
|
Historical period |
2018 - 2022 |
|
Forecast period |
2024 - 2030 |
Insulin Pump
Market Segmentation
Grand View
Research has segmented the insulin pump market on the basis of on type,
product, accessories, end-use and region:
Insulin Pump Type
Outlook (Revenue, USD Million, 2018 - 2030)
- Patch Pumps
- Tethered Pumps
Insulin Pump
Product Outlook (Revenue, USD Million, 2018 - 2030)
- MiniMed
- Accu-Chek
- Tandem
- Omnipod
- My life omnipod
- Others
Insulin Pump
Accessories Outlook (Revenue, USD Million, 2018 - 2030)
- Insulin Reservoir Or Cartridges
- Insulin Set Insertion Devices
- Batter
Insulin Pump
End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Hospitals & Clinics
- Homecare
- Laboratories
Insulin Pump
Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Denmark
- Sweden
- Norway
- Asia Pacific
- Japan
- China
- India
- Australia
- Thailand
- South Korea
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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