by The global insulin pump market size is forecasted to reach from US$ 4.29 billion in 2021 to US$ 13.37 Billion by 2030 and is anticipated to grow at compounded annual growth rate (CAGR) of 13.5% from 2021 to 2030, as per reports by market research and consulting organization Precedence Research.
The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2021 to 2030. The insulin pump market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
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The global insulin pump market is driven by various factors such as rising prevalence of diabetes among the population, rising consumer expenditure on healthcare, rising demand for innovative drug delivery devices, and constant investments in the development of innovative and convenient drug delivery solutions. According to the International Diabetes Federation, the global diabetic population is expected to reach at 552 million by 2030.
The diabetic patients are required to regularly monitor their blood glucose levels and take regular insulin shots to control diabetes. The alarming rise in the diabetic population owing to the unhealthy food habits and rising consumption of various drinks that contains sugar. Moreover, the increasing penetration of the retail pharmacies and rising awareness regarding the availability of the insulin pumps is exponentially fostering the demand for the insulin pumps across the globe.
Scope of the Insulin Pump Market
| Report Coverage | Details |
| Market Size in 2020 | US$ 3.8 Billion |
| Growth Rate From 2021 to 2030 | CAGR of 13.5% |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
Market Dynamics
Driver
The rising prevalence of the diabetes across the globe
As per the IDF Diabetes Atlas Ninth Edition 2019, around 463 million people of age 20 to 79 years were suffering from diabetes and this number is projected to reach 700 million by 2045. In 2019, around 4.2 million deaths were recorded due to diabetes. Moreover, the children are now diagnosed with type 1 diabetes. Around 1.1 million adolescents and children were living with diabetes in 2019. Furthermore, around 374 million people have higher risks to develop type 2 diabetes. Therefore, the surging prevalence of type 1 and type 2 diabetes are expected to drive the growth of the global insulin pump market during the forecast period.
Restraint
High costs of the insulin pumps and inadequate reimbursement facilities
Most of the patients depend on the reimbursements for getting the treatment for various diseases. The high cost of the insulin pumps along to the inadequate reimbursement facilities are restricting the adoption of the insulin pumps and this may hamper the growth of the global insulin pump market.
Opportunities
Integration of latest technologies with the drug delivery devices
The latest technologies like artificial intelligence (AI) is expected to encourage the adoption of the automated insulin pumps in the forthcoming years. Moreover, the latest insulin pumps are facilitating the smartphones to be connected with the insulin pumps and are offering the control of doses and acting as a blood glucose monitoring devices.
Challenges
Lack of access to proper healthcare infrastructure
The inadequate healthcare infrastructure in the developing and underdeveloped regions is resulting in the lack of awareness regarding the diabetes and insulin pumps. According to the IDF, around 232 million diabetic people remained undiagnosed in 2019. This is a major challenge to the insulin pump market that may restrict its growth.
Competitive Landscape Analysis:
Some of the leading companies operating in the insulin pump market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.
Major companies operating in this report are
- Medtronic Plc
- Insulet Corporation
- Medzer
- Microport Scientific
- Eoflow
- Debiotech S.A.
- Lenomed Medical
- Microtech Medical
- Cequr SA
- F. Hoffmann La Roche AG
- Ypsomed AG
- Zealand Pharma
- Terumo Corporation
- Vicentra B.V.
Report Highlights
- Based on the pump type, the patch pump is estimated to be the most opportunistic segment during the forecast period. This is due to the rising adoption of the patch pumps as it offers convenience and easy attachment to the skin surface and efficient drug delivery. It is gaining popularity among the patients owing to its compact size.
- Based on the accessories, the reservoirs segment is expected to be the fastest-growing segment during the forecast period owing to the rising adoption of the tethered insulin among the diabetic population. The capacity of the reservoirs is around 300 doses that can go for 3 days is offering improved conveniences.
- Based on the end user, the homecare segment is expected to grow at the fastest CAGR. The increasing penetration of the online and the offline retail pharmacies across the globe is facilitating easy availability of the insulin pumps and the increased awareness regarding the insulin pumps is fueling the growth of the homecare segment.
Regional Snapshot
North America dominated the global insulin pump market in 2020. North American nations like the US and Canada has increased presence of highly aware population that significantly spends on the healthcare products. The increasing prevalence of diabetes among the population is a major factor that drives the demand for the insulin pumps in North America. According to the CDC, around 10.5% or about 34.2 million of the US population had diabetes in 2018. Furthermore, the high disposable income and increased penetration of the retail pharmacies, hospitals, and clinics in the region are supplementing the market growth.
Asia Pacific is expected to be the most opportunistic market during the forecast period. The rising prevalence of diabetes along with the surging awareness about the benefits of the insulin pumps is boosting the demand. Moreover, rising healthcare expenditure along with the surging penetration of online retail channels is fueling the growth of the insulin pump market in this region. The nations like India, China, South Korea, Australia, and Japan are the most prominent market in Asia Pacific, owing to the rising adoption of the innovative drug delivery technologies. Moreover, as per the IDF, around 79% of the adult diabetic population in the globe is living in the low and middle-income economies in 2019.
Market Segmentation
By Pump Type
- Tethered Pump
- Patch Pump
By Application
- Battery
- Insulin Set Insertion Devices
- Insulin Reservoir
By Disease Indication
- Type 1 Diabetes
- Type 2 Diabetes
By End User
- Hospitals
- Clinics
- Homecare
- Laboratories
Regional Segmentation
– North America (U.S. and Canada)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
– Latin America (Brazil and Rest of Latin America)
– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Why should you invest in this report?
If you are aiming to enter the global insulin pump market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for insulin pump are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Insulin Pump Market
5.1. COVID-19 Landscape: Insulin Pump Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Insulin Pump Market, By Pump
8.1. Insulin Pump Market, by Pump Type, 2021-2030
8.1.1. Tethered Pump
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Patch Pump
8.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Insulin Pump Market, By Application
9.1. Insulin Pump Market, by Application, 2021-2030
9.1.1. Battery
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Insulin Set Insertion Devices
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Insulin Reservoir
9.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Insulin Pump Market, By Disease Indication Type
10.1. Insulin Pump Market, by Disease Indication Type, 2021-2030
10.1.1. Type 1 Diabetes
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Type 2 Diabetes
10.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Insulin Pump Market, By End User Type
11.1. Insulin Pump Market, by End User Type, 2021-2030
11.1.1. Hospitals
11.1.1.1. Market Revenue and Forecast (2019-2030)
11.1.2. Clinics
11.1.2.1. Market Revenue and Forecast (2019-2030)
11.1.3. Homecare
11.1.3.1. Market Revenue and Forecast (2019-2030)
11.1.4. Laboratories
11.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 12. Global Insulin Pump Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Pump (2019-2030)
12.1.2. Market Revenue and Forecast, by Application (2019-2030)
12.1.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.1.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Pump (2019-2030)
12.1.5.2. Market Revenue and Forecast, by Application (2019-2030)
12.1.5.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.1.5.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Pump (2019-2030)
12.1.6.2. Market Revenue and Forecast, by Application (2019-2030)
12.1.6.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.1.6.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Pump (2019-2030)
12.2.2. Market Revenue and Forecast, by Application (2019-2030)
12.2.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.2.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Pump (2019-2030)
12.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
12.2.5.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.2.5.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Pump (2019-2030)
12.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
12.2.6.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.2.6.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Pump (2019-2030)
12.2.7.2. Market Revenue and Forecast, by Application (2019-2030)
12.2.7.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.2.7.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Pump (2019-2030)
12.2.8.2. Market Revenue and Forecast, by Application (2019-2030)
12.2.8.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.2.8.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Pump (2019-2030)
12.3.2. Market Revenue and Forecast, by Application (2019-2030)
12.3.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.3.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Pump (2019-2030)
12.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
12.3.5.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.3.5.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Pump (2019-2030)
12.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
12.3.6.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.3.6.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Pump (2019-2030)
12.3.7.2. Market Revenue and Forecast, by Application (2019-2030)
12.3.7.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.3.7.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Pump (2019-2030)
12.3.8.2. Market Revenue and Forecast, by Application (2019-2030)
12.3.8.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.3.8.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Pump (2019-2030)
12.4.2. Market Revenue and Forecast, by Application (2019-2030)
12.4.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.4.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Pump (2019-2030)
12.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
12.4.5.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.4.5.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Pump (2019-2030)
12.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
12.4.6.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.4.6.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Pump (2019-2030)
12.4.7.2. Market Revenue and Forecast, by Application (2019-2030)
12.4.7.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.4.7.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Pump (2019-2030)
12.4.8.2. Market Revenue and Forecast, by Application (2019-2030)
12.4.8.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.4.8.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Pump (2019-2030)
12.5.2. Market Revenue and Forecast, by Application (2019-2030)
12.5.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.5.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Pump (2019-2030)
12.5.5.2. Market Revenue and Forecast, by Application (2019-2030)
12.5.5.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.5.5.4. Market Revenue and Forecast, by End User Type (2019-2030)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Pump (2019-2030)
12.5.6.2. Market Revenue and Forecast, by Application (2019-2030)
12.5.6.3. Market Revenue and Forecast, by Disease Indication Type (2019-2030)
12.5.6.4. Market Revenue and Forecast, by End User Type (2019-2030)
Chapter 13. Company Profiles
13.1. Medtronic Plc
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Insulet Corporation
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Medzer
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Microport Scientific
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Eoflow
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Debiotech S.A.
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Lenomed Medical
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Microtech Medical
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Cequr SA
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. F. Hoffmann La Roche AG
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
13.11. Ypsomed AG
13.11.1. Company Overview
13.11.2. Product Offerings
13.11.3. Financial Performance
13.11.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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