-- U.S. tubeless insulin pumps market will foresee rapid progress owing to growing adoption of tubeless insulin pumps by working professionals to ease insulin administration procedure and avoid pain. Several government initiatives & symposiums coupled with increasing awareness about diabetes care management aid in driving the adoption of advanced diabetes management devices. Moreover, market players operating in the country are majorly focusing on the developing high-end devices. Thus, with increasing innovations and entry of new market players, the U.S. tubeless insulin pumps industry will witness lucrative growth in the analysis period.
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Tubeless Insulin Pump Market is expected to exceed USD 2.5 billion by 2025. Escalating number of diabetic patients coupled with rising preference for non-invasive treatments are leading to high demand for tubeless insulin pumps.
Rising prevalence of diabetes and comorbidities will accelerate the adoption of tubeless insulin pump systems for better care and treatment of the disease. According to the National Diabetes Statistics, approximately 30.3 million people suffered from diabetes in the U.S. in 2015. Thus, with increasing awareness coupled with growing incidence of diabetes, its risk factors & associated disorders will drive the adoption rate of tubeless insulin pumps in the forthcoming years.
Some major findings of the tubeless insulin pump market report include:
-> The demand for tubeless insulin pump is increasing across the globe due to increasing technological advancements in insulin pumps for enhanced administration of insulin
-> Increasing government initiatives and symposiums to create awareness about efficient diabetes care in North America region is expected to drive the market growth
-> Increasing consumer preference for painless insulin administration is expected to provide lucrative opportunities to industry expansion
->Major players operating in the tubeless insulin pump market are Cellnovo Group SA, Medtrum Technologies Inc, Insulet Corporation, Roche Holdings AG and Johnson & Johnson etc. among other market players
->Companies are introducing technologically advanced tubeless insulin pumps with app integration and Bluetooth wireless technology for accurate diagnosis and timely administration to gain competitive edge over the competitors
->Tubeless insulin pump providers in developed countries are focusing on development of innovative insulin delivery pumps that are light-weight, closed-loop and delivers insulin continuously for upto few days
Pod/patch tubeless insulin pump segment will witness over 24.0% CAGR over the forecast years. Benefits such as less pain involved and better convenience in insulin delivery will form the major factors for higher product preference. Companies are focusing on developing insulin insertion sets and high insulin reservoirs for topical distribution of insulin. For instance, Insulet Corporation announced launch of Omnipod DASH. This system provides Bluetooth wireless technology and mobile application base for easy monitoring of insulin. Such advantages coupled with growing number of products in developmental phase will boost the segmental expansion.
Increasing government initiatives in order to raise awareness about diabetes management and reimbursement policies in developed countries is poised to impel the market growth. Government initiatives are further aiding tubeless insulin pump providers to track patient healthcare data and provide tubeless insulin pump treatment with subsidy to low-income population. However, lack of awareness about advanced treatment procedures and high long-term treatment cost will restrict its adoption rate, thus limiting the industry growth.
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Pod/patch tubeless insulin pump segment will witness over 24.0% CAGR over the forecast years. Benefits such as less pain involved and better convenience in insulin delivery will form the major factors for higher product preference. Companies are focusing on developing insulin insertion sets and high insulin reservoirs for topical distribution of insulin. For instance, Insulet Corporation announced launch of Omnipod DASH. This system provides Bluetooth wireless technology and mobile application base for easy monitoring of insulin. Such advantages coupled with growing number of products in developmental phase will boost the segmental expansion.
Companies are making large investment in advancing technology such as incorporating new diagnostic features and miniaturization in the device. Also, leading players are implementing novel product launch, collaborations and geographical expansion strategies to further facilitate higher profits and lucrative market share in the industry.
Pharmacies segment held an estimated revenue size of about USD 134.6 million in 2018, while the demand for tubeless insulin pumps in pharmacies is estimated to increase over the forthcoming years. The segment holds robust growth potential due to its greater accessibility to the patients and expanding number of pharmacies across the globe. Moreover, need for continuous care among diabetes patients and growing preference for novel devices for decreasing insulin injections on daily basis will further escalate the demand over the forthcoming years.
Table of content:
Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Tubeless Insulin Pump Industry Insights
Chapter 4. Tubeless Insulin Pump Market, By Component
Chapter 5. Tubeless Insulin Pump Market, By Distribution Channel
Chapter 6. Tubeless Insulin Pump Market, By Region
Chapter 7. Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/tubeless-insulin-pump-market
Related Report:
Global (United States, European Union and China) Tubeless Insulin Pump Market Research Report 2019-2025
In 2019, the market size of Tubeless Insulin Pump is million US$ and it will reach million US$ in 2025, growing at a CAGR of from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
https://www.marketstudyreport.com/reports/global-united-states-european-union-and-china-tubeless-insulin-pump-market-research-report-2019-2025/?utm_source=RR-AN
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