The United States insulin pumps market
is expected to grow at a significant rate during the forecast period. The
increasing prevalence of diabetes in the United States requires efficient
medical devices to examine the insulin level and take steps accordingly. The
surge in the adoption of unhealthy eating habits, including consumption of junk
food and other high sugar-containing edible items and beverages, is the major
cause responsible for increases in the number of diabetic patients in the
United States.
A strong economic position and well-developed healthcare
infrastructure are expected to influence the market growth. The rise in
disposable income among middle-class families is aiding to increase the
healthcare expenditure capacity of patients, thereby boosting the demand for
insulin pumps in the United States. Insulin pumps do not require the use of
needles as conventional insulin measuring devices, which is a major factor
attracting patients who are struggling with a daily injecting needle into the
body. Insulin pumps stay on the human body and can transfer insulin easily and
without causing any pain to the body if the need for additional insulin arises.
The United States insulin pumps market
is segmented into type, insulin used, application, end-user, regional
distribution, and company. Based on end-user, the market can be divided into
hospitals & clinics, diagnostic centers, and home care. The hospitals &
clinics segment is expected to dominate the market for the forecast period,
2023-2027. Huge patient in-flow into the hospital facilities and the occurrence
of diabetes among the patients is expected to boost the growth of this segment.
Favorable reimbursement policies along with increased government spending for
the development of hospital facilities are expected to surge the demand for
insulin pumps in hospitals & clinics.
The major players operating in the
United States insulin pumps market are Medtronic USA, Inc, Roche Diagnostics
Corporation, Becton, Dickinson and Company, B. Braun Medical Inc., Abbott
Laboratories, Inc., Insulet Corporation, Tandem Diabetes Care, Inc., Nipro
Medical Corporation, among others. Major companies are developing advanced
technologies and launching new services to stay competitive in the market.
Other competitive strategies include mergers & acquisitions and new service
developments.
Objective of the Study:
- To analyze the historical growth of the market size of United
States insulin pumps market from 2017 to 2020.
- To estimate and forecast the market size of United States insulin
pumps market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast United States insulin pumps market based
on type, insulin used, application, end user, regional distribution, and
company.
- To identify dominant region or segment in the United States insulin
pumps.
- To identify drivers and challenges for United States insulin pumps
market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in United States insulin pumps
market.
- To identify and analyze the profile of leading players operating in
United States insulin pumps market.
- To identify key sustainable strategies adopted by market players in
United States insulin pumps market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers across the globe. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research could include the manufacturers who could not be identified
due to the limitations of secondary research. TechSci Research analyzed the manufacturers,
distribution channels and presence of all major players across the globe.
TechSci
Research calculated the market size of United States insulin pumps market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Insulin pumps manufacturing companies
- Market research and consulting firms
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums, and alliances related
to insulin pumps market.
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers and partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historic Data
|
2017 –
2020
|
|
Estimated Year
|
2022
|
|
Forecast Period
|
2023
– 2027
|
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
|
|
Report coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments covered | - Type
- Insulin Used
- Application
- End User
|
|
Regional scope
|
South-West,
Mid-West, North-East
|
|
Key companies profiled
|
Medtronic USA, Inc, Roche Diagnostics Corporation, Becton,
Dickinson and Company, B. Braun Medical Inc., Abbott Laboratories, Inc.,
Insulet Corporation, Tandem Diabetes Care, Inc., Nipro Medical Corporation.
|
|
Customization scope
|
10%
free report customization with purchase. Addition or alteration to regional
& segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, United States insulin
pumps market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
United States Insulin Pumps Market, By Type:
- Traditional
Insulin Pumps
- Patch
Pumps
- United States Insulin Pumps Market, By Insulin Used:
- Short
Acting Insulin
- Rapid
Acting Insulin
- United States Insulin Pumps Market, By Application:
- Type 1
Diabetes
- Type 2
Diabetes
- United States Insulin Pumps Market, By End User:
- Hospitals
& Clinics
- Diagnostic
Centers
- Home
Care
- United States Insulin Pumps Market, By Region:
- South
- West
- Mid-West
- North East
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in United States insulin pumps market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
United States insulin pumps
market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at [email protected]