What is the value and growth rate of the global insulin pump market?

In 2022, the global insulin pump market was valued at US$ 4.86 billion. Between 2023 and 2032, it is estimated to register the highest CAGR of 12.8%.

How do insulin pumps benefit diabetes patients?

Insulin pumps are small, programmed medication delivery systems that allow diabetes patients to receive their prescribed amounts of insulin. They deliver consistent and timely insulin doses, effectively treating and controlling diabetes.

What are the different types of insulin pumps available in the market?

Patch pumps, which are tiny digital pumps affixed to the skin, dominated the market in 2022. Tethered pumps, connected through a flexible hose, are expected to dominate the market in the future.

What trends are driving the insulin pump market?

Rising obesity rates, genetic factors for type 2 diabetes, and increasing numbers of people with type 1 diabetes are driving the growth of the insulin pump market.

What are some other main players in the insulin pump market?

Besides Medtronic, other key players in the market include F. Hoffmann-La Roche Ltd, Tandem Diabetic Care Inc., Insulet Corporation, Ypsomed AG, Cellenovo, Sooil Development, Valeritas Inc., JingasuDelfu Co. Ltd., Cequr SA, Vicentra B.V., and other significant contributors.

Which end-users drive the demand for insulin pumps?

The market caters to various end-users, including hospitals, clinics, homecare settings, and laboratories.

What impact does the rising diabetic population have on the market?

The increasing diabetic population, driven by factors like obesity and aging, creates a higher demand for insulin pumps as a crucial tool for diabetes management.

Insulin Pump Market Size, Share

Global Insulin Pump Market by Type (Patch Pump and Tethered Pump), By Accessories (Insulin Set Insertion Devices and Insulin Reservoir), By End User, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Global Insulin Pump Market by Type (Patch Pump and Tethered Pump), By Accessories (Insulin Set Insertion Devices and Insulin Reservoir), By End User, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

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