Insulin pumps are clinically referred as subcutaneous insulin infusion devices and exhibit a common trend in the diabetes market. Insulin pumps have a lot to offer to diabetic patients and enable the patients to intake insulin per hour as well as deliver on food intake for the entire day. Latest and modern insulin pumps have inbuilt features such as alarms, reminders, Bluetooth connectivity. Pharmacists have an important role in exhibiting pump education and patient trainings coupled with pump management and related issues.
the market is highly driven by significant modifications for medical device and accessories. Rise in diabetic patients and awareness, also contributes to the market growth in the near future. In addition, the replacement of traditional insulin pumps and devices with modernized items adds more to the market developments.
Products for insulin pump market includes disposable insulin pump, traditional insulin pump and smart pump. Disposable insulin pump and smart pump hold a significant market share in the near future due to ease of accessibility and convenience offered. Accessories category for insulin pump market comprises insulin reservoirs, infusion set and insertion devices. Insulin reservoirs and infusion sets have a lot in common and reveal a remarkable market share due to their functional use.
North America dominates the insulin pump market followed by Europe. The surge in number of diabetic patients coupled with technological enhancements and rise in awareness towards sugar control contributes to the demand for insulin pump market. In addition, enhanced medical infrastructure and use of novel medical devices for injecting insulin is likely to stand a great chance in the market developments. Rise in R&D and the need for medical accessories is responsible for market performance in the near future.
Asia-Pacific insulin pump market is actively seeking new opportunities in the global market as the market has a lot of potential in terms of revenue growth and service. Change in consumer lifestyle and presence of medical hospitals is likely to contribute to the market in APAC sector in the near future.
Prominent players in the insulin pump market include Asante, Animus Corporation, Medtronic Inc, Insulet Corporation, Ypsomed, Nipro Diagnostics Inc, Sooil Development Co Ltd, Roche and Tandem Diabetes Care Inc.