Insulin Pump Market: Growth Opportunities Created by Covid19 Outbreak

Insulin Pump Market Size, Share & Industry Analysis, By Product Type (Pumps (Tethered

Pumps, Patch Pumps, and Others), and Consumables), By Disease Indication (Type 1

Diabetes and Type 2 Diabetes), By Distribution Channel (Hospital Pharmacy Retail

Pharmacy, and Online Stores), and Regional Forecast, 2020-2027

Fortune Business Insights Pvt Ltd.

Published Date: April 2019

Report Format: PDF

Region: Global

Base Year: 2018

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Insulin Pump Market Size, Share & Industry Analysis, By Product Type (Pumps (Tethered Pumps, Patch Pumps, and Others), and Consumables), By Disease Indication (Type 1 Diabetes and Type 2 Diabetes), By Distribution Channel (Hospital Pharmacy Retail Pharmacy, and Online Stores), and Regional Forecast, 2020-2027

Report Highlights:

The global insulin pump market is likely to gain impetus from the ever-increasing prevalence of diabetes reported worldwide. Coupled with this, the rising geriatric population and surging number of people affected by type 1 diabetes would drive the market growth. Fortune Business Insights™ provided this information in a recent report, titled, “Insulin Pump Market Size, Share & Industry Analysis, By Product Type (Pumps (Tethered Pumps, Patch Pumps, and Others), and Consumables), By Disease Indication (Type 1 Diabetes and Type 2 Diabetes), By Distribution Channel (Hospital Pharmacy Retail Pharmacy, and Online Stores), and Regional Forecast, 2020-2027.” The report further states that the insulin pump market size was USD 4.15 billion in 2019 and is projected to reach USD 8.50 billion by 2027, exhibiting a CAGR of 9.4% during the forecast period.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.Fortune Business Insights Pvt Ltd.


Rising Technological Developments in Drug Delivery Systems to Propel GrowthNew products are being launched by renowned companies nowadays owing to the advent of technological developments in the field of drug delivery systems. It is likely to drive the insulin pumps market growth in the near future. In addition to that, the manufacturers are persistently aiming to focus on upsurging the adoption and penetration of insulin pumps by creating awareness and reimbursement.

Type 2 Diabetes Segment to Grow Remarkably Backed by New Product Launches In terms of disease indication, the market is bifurcated into type 1 diabetes and type 2 diabetes. Out of these, the type 1 diabetes segment is expected to procure the maximum insulin pumps market share in the coming years. This growth is attributable to the increasing usage of insulin pumps amongst these patients, unlike those living with type 2 diabetes. The Centers of Disease Control and Prevention stated that in 2018, around 1.4 million adults belonging to the age group of 20 years and above living in the U.S. with type 1 diabetes used insulinBrowse Complete Report Details:https://www.fortunebusinessinsights.com/insulin-pump-market-102735


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Novel Product Launches & Strategic Partnerships Pave the Way for Growth of CompaniesSeveral enterprises operating in the market are persistently working towards widening their product portfolio and geographic presence. They are achieving their goals by focusing more on launching new devices featuring the latest technologies, as well as teaming up with the other companies. Below are a couple of the recent key industry developments:January 2020: Tandem Diabetes Care announced the launch of its new insulin pump named t:slim X2. It is equipped with Control-IQ technology to aid in surging time in range.

Fortune Business Insights™ lists out all the renowned organizations present in the insulin pumps market. They are as follows:MedtronicInsulet CorporationF.Hoffmann-La Roche Ltd.Tandem Diabetes Care, Inc.YPSOMEDOthers

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