Innovations Driving the Insulin Pump Market

Global insulin pump market is anticipated to grow at a CAGR of 8.5% during the forecast period (2024–2031). The market growth is driven by the increasing incidence of diabetes due to aging, obesity, and an unhealthy lifestyle. Additionally, the rising R&D and the increasing integration of IT in the healthcare industry are driving market growth. However, the high cost of insulin pumps and the associated skin infection are impeding the market growth. In addition, a lack of skilled professionals- capable of efficiently managing insulin pumps is limiting the market growth. Moreover, ongoing research into aerosolized insulin for inhalation, and insulin-producing stem cell implants shows promising results, which could present a convenient substitution to the insulin pump technology and threaten the market growth.  

Browse the full report description of “Insulin Pump Market Size, Share & Trends Analysis Report by Type (Traditional Pumps, Disposable Pumps, Smart Pumps), and by End-User (Hospitals & Clinics, and Homecare) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/insulin-pump-market

Recent Developments

• In November 2023, ViCentra B.V. launched a hybrid closed-loop system for automated insulin delivery. This system delivers insulin by using the DBLG1 algorithm, which receives input from the Dexcom G6 Continuous Glucose Monitoring (CGM) sensor. It combines the Kaleido insulin pump technology with two innovations designed by Diabeloop and Dexcom.

• In March 2022, Medtronic Pic launched Minimed 780G, which is a closed insulin pump system for the treatment of type 1 diabetes in elderly citizens. 

Market Coverage  

· The market number available for 2023-2031 

· Base year: 2023 

· Forecast period: 2024-2031 

· Segment Covered- 

o By Type

o By End-Users

· Regions Covered- 

o North America 

o Europe 

o Asia-Pacific 

o Rest of the World

• Competitive Landscape: B. Braun Melsungen AG, Insulet Corp. (Omnipod), Medtronic Plc, Tandem Diabetes Care, Inc., and Sanofi SA among others.

Key questions addressed by the report 

• What is the market's growth rate? 
• Which segment and region dominate the market in the base year? 
• Which segment and region will project the fastest growth in the market? 
• Who is the leader in the market? 
• How are players addressing challenges to sustain growth? 
• Where is the investment opportunity? 

Global Insulin Pump Market Report Segment

By Type

• Traditional Pump
• Disposable Pumps
• Smart Pumps

By Channel

• Hospitals and Clinics
• Home Care

Global Insulin Pump Market Report Segment by Region 

North America 

· United States 

· Canada 

Europe 

· UK 

· Germany 

· Italy 

· Spain 

· France 

· Rest of Europe 

Asia-Pacific 

· China 

· India 

· Japan 

· South Korea 

· Rest of Asia-Pacific 

Rest of the World 

· Latin America

· Middle East and Africa

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