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Demand for Insulin Delivery Systems Is Expected to Increase
7 months ago
3 min read

Demand for Insulin Delivery Systems Is Expected to Increase

The need for insulin delivery systems is anticipated to rise for a number of reasons. First off, diabetes is becoming more commonplace throughout the world. The International Diabetes Federation estimates that 463 million persons worldwide have diabetes in 2019, and that figure will rise to 700 million by the year 2045. Diabetes patients depend on insulin to manage their condition, and as more individuals get the disease, demand for insulin delivery devices will rise.

Second, the use of more sophisticated insulin delivery methods is becoming increasingly popular. Insulin pens and insulin pumps, which are more practical and accurate than traditional insulin administration techniques such using a syringe and vial, are replacing them. These devices offer a more precise insulin dosage and make it simpler for diabetics to control their blood sugar levels. Thirdly, more advanced insulin delivery methods are being developed as a result of technical improvements. For instance, there are now "smart" insulin pens that can measure insulin doses and transmit information to healthcare practitioners, as well as insulin pumps that can be managed by smartphone apps.

All of these factors are contributing to the increasing demand for insulin delivery systems, and this trend is expected to continue in the coming years.

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Key findings of the Insulin Pumps market study:

  • The report provides a present market outlook on Insulin Pumps. Additionally, the Insulin Pumps market share is anticipated to grow with a CAGR of 8% in the forecast period.

  • Regional breakdown of the Insulin Pumps market based on predefined taxonomy.

  • Innovative manufacturing processes implemented by Insulin Pumps vendors in detail.

  • Region-wise and country-wise fragmentation of the Insulin Pumps market to grasp the revenue, and growth outlook in these areas.

  • Changing preferences among consumers across various regions and countries.

  • Factors (Positive and Negative) impacting the growth of the global Insulin Pumps market.

  • Insulin Pumps price, market share, and Trends forecast for assessment period 2022-2032

Key Segments in Insulin Pumps Industry Research

  • By Type:

    • Tethered Pumps

    • Patch Pumps

  • By Accessory:

    • Infusion Set Insertion Devices

    • Insulin Reservoirs / Cartridges

    • Batteries

  • By End User:

    • Hospitals & Clinics

    • Laboratories

    • Homecare

  • By Region:

    • North America

    • Latin America

    • Europe

    • East Asia

    • South Asia & Oceania

    • MEA

What makes this Research different from others?

  • COVID- Impact analysis- The report includes details of the impact of the pandemic on the Insulin Pumps market further including insights on the pre-COVID situation. Additionally, this report benefits in terms of post-COVID recovery prospects, changing consumer demands, and buying patterns valuable for Insulin Pumps companies.

  • Industrial trend analysis- The research covers recent trends in the field of Insulin Pumps which are augmented with the applicable technologies and shifts in industrial processes. The scope for digital and industrial technologies is discussed in order to help client firms to understand the benefits and risks included in light of market trends.

  • Insulin Pumps Sustainability metrics- The rising concerns of environmentally friendly production and consumption are taken to next level in this research, as research is focused on emerging methods of ensuring sustainability. These insights include climate-friendly initiatives adopted by some players in the industry. Furthermore, details of manufacturers’ impact on carbon footprint are evaluated intend to make clients aware of their contribution to sustainable development goals.

Competitive Landscape

The Insulin Pumps industry is dominated by some prominent players including

  • Debiotech S.A.

  • F. Hoffmann-La Roche Ltd.

  • Insulet Corp.

  • Medtronic Plc.

  • Sooil Development Co. Ltd.

  • Tandem Diabetes Care Inc.

  • Valeritas Inc.

  • Ypsomed Holding AG

The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on the Insulin Pumps market innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for Insulin Pumps brands leading to an impact on the margin profits of firms.

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