Insulin Pumps Market Size, Outlook, Demand & Forecast - 2032 |
Posted: April 18, 2024 |
The Global Insulin Pumps Industry, with estimated revenues of US$ 5.5 billion in 2022, is set to experience remarkable growth at a CAGR of 10.3% from 2022 to 2032, according to a comprehensive report published by Future Market Insights (FMI). By the end of 2032, the market is anticipated to reach an impressive US$ 14.8 billion, marking a significant expansion in the industry. The rising demand for tethered pumps is a key factor contributing to the industry’s growth, with projections indicating an absolute dollar opportunity of US$ 6.7 billion during the period 2022-2032. A major driver behind this surge is the alarming increase in the incidence of diabetes, attributed to factors such as age, obesity, and an unhealthy lifestyle. The report highlights that obesity, a primary cause of diabetes, is leading to a rise in the prevalence of diabetes-related ocular illnesses. Shockingly, in 2017, global estimates revealed approximately 22.9 million new cases of diabetes, with a reported prevalence of around 476 million individuals. Tragically, 1.37 million fatalities were recorded due to diabetes, and 1.37 million disability-adjusted life-years (DALYs) were associated with this health challenge. Request a Sample of this Report Now! Obesity and being overweight are risk factors that are increasing the occurrence of type II diabetes. As a result, risk factors such as smoking, being overweight, being obese, and having high cholesterol are likely to increase the prevalence of type II diabetes. Global Insulin Pumps Industry Competitive Landscape Over the projected period, rising emphasis on innovations and investments among public and private entities is expected to strengthen competition in the market. In addition, product commercialization and partnership tactics are expected to be profitable in the upcoming years. The key vendors in the Global Insulin Pumps Industry are Cellenovo, Sooil Development, Valeritas, Inc, JingasuDelfu Co., Ltd., Medtronic plc, Hoffmann-La Roche Ltd, Tandem Diabetic Care, Inc., Insulet Corporation, and Ypsomed. Some of the recent developments in the Global Insulin Pumps industry:
Request Methodology Now! Top 9 Key Companies Profiled in the Global Insulin Pumps Industry
Market Segments Covered in Global Insulin Pumps Industry Analysis By Type:
By Product Type:
By Accessories:
|
||||||||||||||||||||||||||||||||||||||||||
|