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Tubeless Insulin Pump Market 2020 by industry trends, statistics, key companies growth and regional forecast

Author : Ronak Bora | Published Date : 2020-09-10 

Tubeless Insulin Pump Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Growing demand for minimally/non-invasive insulin administration devices will drive global tubeless insulin pumps market outlook. The prevalence of diabetes and associated comorbidities across the globe is fueling the adoption of tubeless insulin pump systems for better treatment and management of the disease. As per the National Diabetes Statistics, around 30.3 million people had diabetes in the United States. in 2015. The CDC estimates around 1.6 million Americans have it annually, including about 187,000 adolescents and children.

Favorable medical reimbursement policies in developed countries will boost business growth over the coming years. A report suggests that tubeless insulin pump market size will exceed USD 2.5 billion in terms of annual valuation by 2025.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2032

Medical tool and device manufacturers are focusing on developing high quality insulin reservoirs and insulin insertion sets for topical distribution of insulin. Several manufacturers are rolling out advanced tubeless insulin pumps that are integrated with app & Bluetooth wireless technology to aid accurate diagnosis as well as timely administration of insulin in patients with diabetes.

For instance, Omnipod DASH was introduced by Insulet Corporation and the system offers Bluetooth wireless technology and mobile application for easy monitoring of insulin levels. Also, significant increase in number of products in developmental phase may favor industry growth. Patch/pod tubeless insulin pumps industry share is estimated to grow at 24% CAGR through 2025 with better convenience and less pain during insulin delivery.

United States tubeless insulin pumps industry share is expected to witness significant growth on account of the increased adoption of advanced medical devices, especially tubeless insulin pumps by healthcare professionals for lowering pain and better insulin administration. Rise in number of government initiatives, symposiums along with rising consumer awareness regarding diabetes care management is propelling the demand for advanced diabetes management devices.

In addition, presence of leading market players operating in the country focusing on development of high-end medical devices will also favor regional business landscape. It was alarming that 1 in 3 American adults has prediabetes, and over 84% of them don’t know they have it, Until the Nation prediabetes campaign U.S. in 2016 was started in partnership with the Ad Council and American Diabetes Association, American Medical Association.

Government initiatives that focus on betterment of public health management and aid individuals to improve their quality of life will boost medical sector and in turn favor tubeless insulin pump industry trends . Rising awareness pertaining to diabetes, disease risk factors and associated disorders will drive product demand. Governments across the globe are also undertaking initiatives are further aiding with subsidies for tubeless insulin pump to low-income population to track their healthcare data and lead better lives. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/tubeless-insulin-pump-market

Partial Chapter of the Table of Content 

Chapter 4.  Tubeless Insulin Pump Market, By Component

4.1. Key segment trends

4.2. Pod/patch

4.2.1.  Market size, by region, 2014 – 2025  (USD Million)

4.3. Remote

4.3.1.  Market size, by region, 2014 – 2025  (USD Million)

4.4. Others

4.4.1.  Market size, by region, 2014 – 2025  (USD Million)

Chapter 5.  Tubeless Insulin Pump Market, By Distribution Channel

5.1. Key segment trends

5.2. Hospitals

5.2.1.  Market size, by region, 2014 – 2025  (USD Million)

5.3. Pharmacies

5.3.1.  Market size, by region, 2014 – 2025  (USD Million)

5.4. E-commerce

5.4.1.  Market size, by region, 2014 – 2025  (USD Million)

5.5. Others

5.5.1.   Market size, by region, 2014 – 2025  (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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