The global insulin pump market is anticipated to grow at a considerable CAGR of 8.5% during the forecast. The development of advanced pumps powered by smart technologies, such as artificial intelligence (AI) and machine learning (ML) by some key medical device manufacturers is exponentially promoting the demand for the insulin pumps across the globe. Smart technologies including AI and ML has rapidly penetrated into the healthcare IT and are now steadily heading towards diabetes management. These innovations in insulin pumps are resulting in more efficient and convenient pumps with greater patient satisfaction. As compared to traditional insulin injections, the new-generation pumps are convenient, safe, and provide accurate results.
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Moreover, the technology in theses pumps also enables patients to address their health issues by connecting with the healthcare team and sharing data. Enabled by these factors, the market is expected to rise significantly during the forecast period. Spearheading these trends companies are developing new generation insulin pumps with advanced technology such as AI and ML. For instance, Tandem Diabetes Care offers t:slim X2 insulin pump for continuous subcutaneous insulin delivery to manage blood glucose levels in people with type 1 diabetes. The technology combines glucose monitoring using a CGM with advanced algorithms in the insulin pump to predict low glucose and suspend insulin delivery. The Control?IQ algorithm software can adjust basal insulin levels and give correction doses.
Global Insulin Pump Market Report Segment
By Type
- Traditional Pumps
- Disposable Pumps
- Smart Pumps
By End User
- Hospitals and Clinics
- Home Care
- Laboratories
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Insulin Pump Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Abbott Laboratories
- Asante
- Braun Melsungen AG
- Insulate Corp.
- MiniMed Distribution Corp.
- Nipro Diagnostics Inc.
- Medsun Biomedical Technologies Pvt. Ltd. (Omron)
- Roche Diabetes Care Middle East FZCO
- Sanofi S.A.
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