(I-BusinessNews.Com, October 16, 2018 ) The increasing funding for research activities is also helps to increasing the growth for the global insulin pumps market in the coming years. In North America, diabetes management is gaining significant importance. With increasing funding for research, new product development is increasing are a rapid pace in the US and other countries. For instance, the Consolidated Appropriations Act for Fiscal Year 2016 increased discretionary funding for the National Institute of Diabetes and Digestive and Kidney Diseases to US$1.81 billion, an increase of over US$68 million compared to FY2015. This funding will help the institute to expand promising research toward improved treatments and cure for diabetes. Furthermore, the legislation also provided increased funding of US$ 170.12 million for the Division of Diabetes Translation at the Centers for Disease Control and Prevention (CDC). This funding will help the division to accomplish its mission to reduce the preventable burden of diabetes.
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The insulin pumps market is aimed to describe, define and estimate the forecast for market size of the insulin pumps till 2025. The report strategically analyzes macro and micro-markets to entail the major factors impacting the growth of the global insulin pumps market. The insulin pumps market report for insulin pumps is appropriate to cater the needs and demands of various stakeholders that include manufacturers, distributors and suppliers of insulin pumps, public and private hospitals, academic medical centers and teaching hospitals, privately practicing physicians and surgeons, medical institutes, pharmacies, ambulatory surgical centers and other distribution channels.
The global insulin pumps market estimated to grow at a CAGR of 10.5% during the forecast period from 2018 to 2025. The insulin pumps market for insulin pumps was valued at USD 3,822.44 Mn in 2017 and is estimated to reach US$ 8,264.01 Mn by 2025. The global insulin pumps market is segmented on the basis of type, product, application and geography. On the basis of type, the market is segmented into tethered and untethered. Based on product, the insulin pumps market is classified as pumps and accessories. On the basis of end user, the insulin pumps market is segmented into type I diabetes and type II diabetes.
The major players operating in the market of insulin pumps include Insulet Corporation, Medtronic, Tandem Diabetes Care, Inc, Debiotech S.A, CELLNOVO, SOOIL Developments Co., Ltd, MicroPort, Scientific Corporation, Valeritas Inc., F. Hoffmann-La Roche Ltd., Ypsomed AGand, Inc. and among others.
TABLE OF CONTENTS
1. INTRODUCTION 21
1.1 SCOPE OF THE STUDY 21
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 21
2. GLOBAL INSULIN PUMPS MARKET – KEY TAKEAWAYS 22
3. GLOBAL INSULIN PUMPS MARKET – MARKET LANDSCAPE 25
3.1 OVERVIEW 25
3.2 MARKET SEGMENTATION 25
3.2.1 Global Insulin Pumps Market – By Product 26
3.2.2 Global Insulin Pumps Market – By Type 26
3.2.3 Global Insulin Pumps Market – By Application 26
3.2.4 Global Insulin Pumps Market – By Geography 27
3.3 PEST ANALYSIS 28
3.3.1 North America – PEST Analysis 28
3.3.2 Europe- PEST Analysis 30
3.3.3 Asia Pacific- PEST Analysis 32
3.3.4 Middle East And Africa- PEST Analysis 34
3.3.5 South and Central America – PEST Analysis 36
4. GLOBAL INSULIN PUMPS MARKET – KEY MARKET DYNAMICS 38
4.1 KEY MARKET DRIVERS 38
4.1.1 Increasing Prevalence of Diabetes 38
4.1.2 Increasing Technological Advancement in Insulin Pump 39
4.1.3 Increasing Rise in the Geriatric Population 39
4.2 KEY MARKET RESTRAINTS 40
4.2.1 Availability of Alternatives for Insulin Delivery Pumps 40
4.2.2 High Cost of Insulin Pumps 40
4.3 KEY MARKET OPPORTUNITIES 41
4.3.1 Rising Medical Tourism In Developing Countries 41
4.4 FUTURE TRENDS 41
4.4.1 Growing Product Innovations 41
4.5 IMPACT ANALYSIS 42
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Sameer Joshi
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