Global Insulin Pump market report, size, share, trends and forecast to 2028

According to Stratistics MRC, the Global Insulin Pump Market is accounted for $5.06 billion in 2022 and is expected to reach $12.03 billion by 2028 growing at a CAGR of 15.5% during the forecast period.

Insulin pumps are compact, computerised devices that are configured to provide a diabetic patient predetermined insulin doses. An insulin pump is a portable device that can be attached to the body and constantly supply preset doses of short or rapid acting insulin in the body to treat diabetes. Type 1 diabetes and occasionally type 2 diabetes both require insulin therapy. It functions as a useful substitute for insulin injections.

The increasing prevalence of these pumps among diabetics in developing and emerging nations causes market participants to focus on R&D of technologically enhanced devices and the development of new products. Several clinical trials that indicate indications of persistent improvement in glucose control in type 2 diabetes patients receiving pump therapy as opposed to those receiving Multiple Daily Injection (MDI) therapy have complemented R&D.

By geography,Asia Pacific is projected to have the highest CAGR over the forecast period, owing to increasing healthcare funding and government initiatives to spread awareness about diabetes. The growing number of diabetes patients and increasing awareness towards glycemic control and advance insulin delivery devices in these regions drives the market growth.

Some of the key players profiled in the Insulin Pump Market include JingasuDelfu Co., Ltd., Insulet Corporation, Sooil Development, Medtronic, Valeritas, Inc, Cellenovo, Tandem Diabetic Care, Inc., Ypsomed, Hoffmann-La Roche Ltd, Braun Melsungen Abbott Laboratories, Dickinson and Company

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By Types:
• Tethered Pump
• Patch Pump

By Products:
• Omnipod
• My Life Omnipod
• Tandem
• MiniMed
• Accu-Chek
• Other Products

By Accessories:
• Insulin reservoir or cartridges
• Insulin set insertion devices
• Battery

By Applications:
• Type I Diabetes
• Type II Diabetes

By End Users:
• Hospital & Clinics
• Laboratories
• Home Care

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● Comprehensive profiling of additional market players (up to 3)
● SWOT Analysis of key players (up to 3)
● Regional Segmentation
● Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
● Competitive Benchmarking
● Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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