The number of diabetic population around the world is growing at a rapid rate which ultimately helps to grow the insulin pump market. Global insulin pump market has shown continuous growth over the past few years and is expected to grow in the near future.
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Key Company Coverage of Insulin Pump Market: Medtronic, Insulet Corporation, Animas Corporation, Roche & Cellnovo
The growth in the market has driven by ageing population, increasing number of diabetic patients and technological advancements etc. The market is expected to achieve a significant growth in the forecasted period. Global insulin demand continued to expand at a rapid pace in 2015 over the previous year. Global insulin pump market is very less fragmented as major part of market has captured by top players.
A medical device that is used in for the management of insulin in the treatment of diabetes is known as insulin pump. It is a small automated device almost similar to the dimension of a mobile phone. It is very convenient in use, as this can be easily carried on a belt or inside a pocket. The device contains buttons to program insulin and navigate through the menu, LCD color screen to show the programming, battery compartment and a reservoir compartment. There are various types of insulin pumps available in the market and the latest pump available in the market is patch pump which is technologically more advanced than traditional pumps.
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The report titled “Global Insulin Pump Market with Focus on Patch Pumps 2016 – 2020” analyzes the significant trends and potential opportunities in the global insulin pump market. The market size and forecast in terms of US$ for global insulin pump market has been provided for the period 2016 to 2020, considering 2014 as the base year. Analysis of insulin patch pump, a latest technology, is also covered in the report.
Over the next five years the global insulin pump market revenue is expected to grow due to increasing diabetic population, increasing diabetes health expenditure and innovation in technology etc.
The insulin market report provides global diabetic population in terms of volume, global diabetic population by region and diabetes health expenditure etc. It provides detailed analysis of global insulin pump market in terms of value as well as volume. The report summarizes the revenue, number of pump users, pump penetration rate and top market players etc. In addition to traditional insulin pumps, the report also focuses on recent launched innovative insulin patch pumps in the market in terms of value and its market share.
The report also provides the detailed analysis of the US insulin pump market. It provides detail on total diabetic population in the US with Type1 and Type2 diabetes. The US insulin pump market is measured in terms of volume and market share of top players has also been provided in the report. The US is the market leader of the insulin pump market globally.
The report also provides competitive landscape of the global insulin pump market. The global insulin pump market is very less fragmented as major part of market share has been captured by top market players such as Medtronic, Insulet Corporation and Animas Corporation etc. Medtronic is the market leader with the highest revenue earned in the fiscal 2014.
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