October 26, 2022 13:00 ET | Source: DelveInsight Business Research LLP DelveInsight Business Research LLP
New Delhi, INDIA
New York, USA, Oct. 26, 2022 (GLOBE NEWSWIRE) — The Global Insulin Infusion Pumps Market to Surge at a Significant CAGR of 8.69% by 2027, Assesses DelveInsight
The insulin infusion pumps market is anticipated to prosper as a result of factors including rising sedentary lifestyles, an aging population base that is more susceptible to developing diabetes, and a growing emphasis on enhancing the safety and usability of insulin infusion pumps. These factors are also anticipated to contribute to the insulin infusion market’s appreciable revenue growth throughout the forecast period (2022–2027).
DelveInsight’s Insulin Infusion Pumps Market Insights report provides the current and forecast market, forthcoming device innovation, individual leading companies’ market shares, challenges, insulin infusion pumps market drivers, barriers, and trends, and key insulin infusion pumps companies in the market.
Key Takeaways from the Insulin Infusion Pumps Market Report
To read more about the latest highlights related to the insulin infusion pumps market, get a snapshot of the key highlights entailed in the Global Insulin Infusion Pumps Market Report
Insulin Infusion Pumps Overview
An insulin infusion pump is a small, portable medical device that is worn externally, either in the patient’s pocket or on a designated belt and is used to administer insulin for the management of diabetes mellitus.
An insulin pen or a conventional regular injection device is replaced by insulin infusion pumps. The insulin infusion pumps are less painful, more reliable, and less prone to large changes in blood glucose levels than injections. Turning to the use of infusion pumps makes it more convenient for patients because it does not require meal timing to be prepared. Subcutaneous insulin injection is another name for insulin therapy.
Insulin Infusion Pumps Market Insights
North America is anticipated to generate the most revenue in the insulin infusion pumps market globally. This can be attributed to a number of factors in the region, including the presence of a sizable patient pool associated with diabetes, which can also be attributed to an increase in sedentary lifestyle, high consumer awareness regarding new market launches, the local presence of key insulin infusion pumps market players and others.
Moreover, the presence of a sizable user base for insulin infusion pumps combined with manufacturers’ increased focus on releasing new products into the market is anticipated to support the growth of the insulin infusion pumps market in the United States during the forecast period.
To know more about why North America is leading the market growth in the insulin infusion pumps market, get a snapshot of the Insulin Infusion Pumps Market Trends
Insulin Infusion Pumps Market Dynamics
The rising incidence of diabetes, growing public awareness of the disease, and unhealthy lifestyle choices are some notable factors responsible for the insulin infusion pumps market growth. Additionally, a significant driver of the development of insulin infusion pumps is the aging population, which is particularly susceptible to developing diabetes. Moreover, another significant driver of the insulin infusion pumps market expansion is the numerous benefits connected with these devices.
However, the availability of substitute products and the high price of insulin infusion pumps, might serve as restraints to the insulin infusion pumps market growth.
Additionally, due to the implementation of lockdown as necessary precautions to stop the spread of COVID-19 infection, the insulin infusion pumps market experienced a brief period of market growth restraint during the early stages of the pandemic. As a result, the production and supply of insulin infusion pumps was stopped, which ultimately resulted in a global shortage of the device in hospitals and retail pharmacies. Additionally, because diabetes patients had a very high risk of developing COVID, most of them were advised to stay inside as much as possible, contributing to the decline of insulin infusion pumps.
Later on, however, due to some lockdown easing and for the safety of diabetic patients who cannot survive without insulin, the demand for the pumps increased, and the insulin infusion pumps, as well as other necessary medications, started actively being delivered at homes through e-commerce websites. The insulin infusion pumps market has therefore experienced growth during the forecast period of 2022–2027 due to the resumption of activities across industries, including the healthcare sector.
Get a sneak peek at the insulin infusion pumps market dynamics @Insulin Infusion Pumps Market Dynamics Analysis
Insulin Infusion Pumps Market Segmentation
Which MedTech key players in the insulin infusion pumps market are set to emerge as the trendsetter explore @Insulin Infusion Pumps Companies
Table of Contents
Interested in knowing the insulin infusion pumps market by 2027? Click to get a snapshot of the Insulin Infusion Pumps Market Research
Type 1 Diabetes Market
Type 1 Diabetes Market Insights, Epidemiology, and Market Forecast – 2032 report deliver an in-depth understanding of the disease, historical and forecasted epidemiology, as well as the market trends, market drivers, market barriers, and key type 1 diabetes companies including Histogen, Novo Nordisk, Prevention Bio, among others.
Diabetes Market Insights, Epidemiology, and Market Forecast – 2032 report delivers an in-depth understanding of the disease, historical and forecasted epidemiology, as well as the market trends, market drivers, market barriers, and key diabetes companies, including TikoMed, Avotres, REMD Biotherapeutics, Novo Nordisk, among others.
Type 2 Diabetes Market
Type 2 Diabetes Market Insights, Epidemiology, and Market Forecast – 2032 report deliver an in-depth understanding of the disease, historical and forecasted epidemiology, as well as the market trends, market drivers, market barriers, and key type 2 diabetes companies, including Sanofi, Eli Lilly and Company, AstraZeneca, Novartis, among others.
Smart Insulin Pens Market
Smart Insulin Pens Market Insight, Competitive Landscape, and Market Forecast – 2027 report delivers an in-depth understanding of market trends, market drivers, market barriers, and key smart insulin pens companies, including Emperra GmbH E-Health Technologies, Jiangsu Deflu Medical Device Co. Ltd., among others.
Insulin Pens Market
Insulin Pens Market Insight, Competitive Landscape, and Market Forecast – 2027 report delivers an in-depth understanding of market trends, market drivers, market barriers, and key insulin pens companies, including Novo Nordisk A/S, Owen Mumford Ltd, Sanofi Diabetes, Merck Sharp & Dohme Corp., Insulet Corporation, among others.
Insulin Delivery Devices Market
Insulin Delivery Devices Market Insight, Competitive Landscape, and Market Forecast – 2027 report delivers an in-depth understanding of market trends, market drivers, market barriers, and key insulin delivery devices companies, including Becton, Dickinson and Company, Medtronic, Novo Nordisk A/S, Ypsomed Holding AG, among others.
Other Trending Reports
Goitre Market | Thymus Cancer Market | US Healthcare Outlook Report | Venous Stenosis Market | Negative Pressure Wound Therapy Systems Market | Global Kinase Inhibitor in Autoimmune Diseases Market | Metrorrhagia Market | Dysfunctional Uterine Bleeding Market | Hypereosinophilic Syndrome Market | Age-related Vision Dysfunction Market | Dental Lasers Market | CRISPR Therapies Pipeline Insight | Cell And Gene Therapy For Multiple Myeloma Market | Drug Hypersensitivity Market | Dysthymia Market | Persistent Depressive Disorder Market | Cancer Vaccines Market | Severe Acute Respiratory Syndrome (SARS) Coronavirus Infection Market | Substance use disorder Market | Idiopathic Thrombocytopenic Purpura Market | Spinal Fusion Devices Market | Atherectomy Devices Market | Prosthetic Heart Valve Market | Cardiac Monitoring System Market | Chemotherapy-induced nausea and vomiting (CINV) Market | Diabetes Market | Ocular Melanoma Market | Breast Pumps Market | Stereotactic Surgery Devices Market Atopic Dermatitis Market | Concussions Market | Osteoporosis Market | Myelofibrosis (MF) Market | Cancer Cachexia (CC) Market
Related Healthcare Blogs
Evolution in Diabetes Management
Diabetes Management and Care
Increasing Prevalence of Diabetes
DelveInsight is a leading Business Consultant, and Market Research firm focused exclusively on life sciences. It supports pharma companies by providing comprehensive end-to-end solutions to improve their performance.