Tubeless Insulin Pump Market Projected to a CAGR of 23.4% by 2026
PUNE, India, Jan. 15, 2020 /PRNewswire/ --
Global Tubeless Insulin Pump Market Outlook 2026:
Tubeless insulin pump market size accounted of $ 279.7 Million in 2018 and is predictable to exceed $ 1,513.7 Million by 2026, growing at a CAGR of 23.5% during the estimated period. The e-commerce distribution channel is one of the most used sources and provides the customer with a wide range of product.
Enquire about the report study https://www.researchdive.com/purchase-enquiry/31
Tubeless Insulin Pump Market Drivers:
The major factor that drives the market for the tubeless insulin pump is mainly due to the rising cases of diabetes. Now a day's diabetes is affected by all the age group. As per World Health Organization (WHO), around 1.6 million deaths occurred in 2016 due to diabetes. The advanced technology in the tubeless insulin pump is expected to drive the market growth. Traditional invasive insulin pumps cause injuries and infections to patients. Due to this, the patients are preferring the tubeless insulin pumps, which are not harmful to the patient's body. The government is also taking the initiative to increase awareness in the nationwide regarding the Medicare policies and managing diabetic issues.
Download Sample Report at https://www.researchdive.com/download-sample/31
The major restrains that affect the tubeless insulin pump market is the cost of the tubeless insulin pump which is very expensive in comparison traditional invasive insulin. Additionally, other factor such as pump failure may cause the risk of diabetic ketoacidosis. Diabetic ketoacidosis occurs when body produces high levels of blood acids, it generally occurs when the body cannot produce enough insulin. There are a lot of consequences which the user has to face if the pump fails.
The pods' segment is predicted to be most profitable till the end of 2026. The market size for pods was $311.4 million in 2018 and is expected to grow at a CAGR of 23.6% during the anticipated period. The pod is a lightweight, disposable vessel that can be attached anywhere on the user's body and can be carried up to three days of nonstop insulin. As the diabetic patient are increasing globally it is expected that the tubeless insulin pump market may increase according to study.
North America Tubeless Insulin Pump Market Forecast:
In 2018, the largest tubeless insulin pump market share is held by the North America region. This region is expected to grow at $924.5 million by 2026, at a CAGR of 22.3% in the estimated period. U.S. and Canada are predicted to witness a significant increase in the diabetic population over the coming years. Lack of physical activity and increasing number of old age population among the people in this region can be the biggest region for the increase in the diabetic population
Top Key Players and Recent Developments in Tubeless Insulin Pump Market:
- Abbott Diabetes Care
- Johnson & Johnson
- Medtrum Technologies Inc
- Cellnovo Group SA
- Rosh Holding AG
- CeQur SA
- Insulet Corporation
- Spring Health Solution Ltd
- Debiotech
- Veleritas
Strategic collaboration led to the new innovation within the two major giants through tubeless insulin pump market. In 2016, a U.S based pharmacy firm Insulet Corporation and Eli Lilly & Company entered into an agreement to build a new model of tubeless Omni pod insulin delivery system to distribute highly concentrated U200 and U500 insulin formulations. Therefore, it is undeniable that collaborations witnessed across the pharmaceutical and healthcare sector that had a significant impact on the overall business.
Similar Reports:
1. Neonatal Ventilator Market:
Global market size of Neonatal Ventilator will reach $ 474.0 million by 2026, rising from $ 288.6 million in 2018, at a CAGR of 6.4%.
2. North America Mechanical Ventilator Market Report:
North America mechanical ventilator market was valued at $623.4 million in 2018 and is projected to reach $963.4 million by 2025, growing at a CAGR of 6.3% from 2019-2025.
About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
Contact Person:
Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York
NY 10005 (P)
+91(788) 802-9103 (India)
+1(917) 444-1262 (US)
Toll Free: +1-888-961-4454
E-mail: support@researchdive.com
Website: https://www.researchdive.com
LinkedIn: https://www.linkedin.com/company/research-dive/
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive-1385542314927521
Share this article