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The global Insulin Pump Market size is expected to reach USD 10.57 billion by 2030, registering a CAGR of 8.22% from 2024 to 2030, according to a new report by Grand View Research, Inc. The key factors driving the growth of the market are the technological advancements and the adoption of pumps over traditional methods. These pumps are very convenient for people who require daily multiple injections of insulin.
Insulin pump is a machine that enables insulin to be delivered either manually or automatically. These pumps can be programmed to deliver a specific set of doses and can also deliver a larger set of doses of glucose whenever required, such as before a meal. Patients can connect these devices to their smartphones to calibrate blood glucose readings. Technological advancement and new product launches across the globe are also fueling the market during the forecast period. For instance, Medtronic’s MiniMed 670G system is the world’s first hybrid closed loop system that acts as an artificial pancreas. The system provides automated insulin delivery as per the patient’s CGM readings.
The insulin pumps market is anticipated to witness a high growth rate during the forecast period due to the continuous efforts for diabetes control by government and healthcare organizations such as the International Diabetes Federation (IDF). These organizations provide required expertise and support diabetes awareness campaigns through a network of stakeholders and partners. Also, increasing health care funding is anticipated to propel growth. Additionally, the market is expected to witness a shift from the usage of traditional tethered pumps to patch pumps driven by their compact size and ease of use.
List of Key Players in the Insulin Pump Market
Related Press Release@ Insulin Pump Market Report
Insulin Pump Market Report Highlights
Report Attribute |
Details |
Market size value in 2024 |
USD 6.58 billion |
Revenue forecast in 2030 |
USD 10.57 billion |
Growth rate |
CAGR of 8.22% from 2024 to 2030 |
Base year for estimation |
2023 |
Historical period |
2018 - 2022 |
Forecast period |
2024 - 2030 |
Insulin Pump Market Segmentation
Grand View Research has segmented the insulin pump market on the basis of on type, product, accessories, end-use and region:
Insulin Pump Type Outlook (Revenue, USD Million, 2018 - 2030)
Insulin Pump Product Outlook (Revenue, USD Million, 2018 - 2030)
Insulin Pump Accessories Outlook (Revenue, USD Million, 2018 - 2030)
Insulin Pump End-use Outlook (Revenue, USD Million, 2018 - 2030)
Insulin Pump Regional Outlook (Revenue, USD Million, 2018 - 2030)
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