Insulin Pumps and Accessories Global Market

–Forecast to 2026

Insulin pumps and accessories global Market estimated to be worth $5,011.5

million by 2026

IQ4I Research & Consultancy published a new report on “Insulin pumps and
accessories global Market – Forecast To 2026” This report analyzes and studies the
overall market, major Drivers & Opportunities, Restraints & Threats in North America,
Europe, Asia-Pacific and Rest of the World.

IQ4I’s Report Contains 62 market data tables and 100 figures spread through 276
pages and an exhaustive TOC on “Insulin Pumps and Accessories Global Market”,
[Products {Insulin pumps (Tethered insulin pumps and Patch insulin pumps)
Consumables}; Application (Type 1 diabetes and Type 2 diabetes); End-Users
(Hospitals, Ambulatory surgical centers, Home healthcare and Others); Regional
(North America, Europe, Asia-Pacific and Rest of the World)].

The insulin pumps are medical device used in the administration of insulin in the treatment of
diabetes mellitus, also known as continuous subcutaneous insulin infusion therapy (CSII).
Diabetes is rapidly becoming a major health epidemic in most regions of the world. All
patients with type 1 diabetes and a significant number with type 2 diabetes require the use of
insulin for controlling blood glucose. There are many ways to induce the insulin such as
injections, pens and insulin pumps, Insulin pumps mimic the work of human pancreas by
delivering small doses of short and rapid acting insulin continuously, pumps containing
insulin in the reservoir is delivered through infusion set through flexible tubing (catheter) and
further passed into patient’s bloodstream at a more precise and flexible rate with improved
glucose control. The device releases insulin with a steady flow rate throughout the day and
night, called basal insulin, and an extra dose at mealtime, called a bolus.

According to IQ4I estimation, the insulin pumps & accessories global market is valued at
$XX million in 2019 and expected to grow at a high single digit CAGR of XX% from 2019 to
2026 to reach $5,011.5 million by 2026. Factors such as the increase in the prevalence of
diabetes, advantages of insulin pumps over injections and insulin pens, increase in
awareness about insulin pumps over traditional methods and technological innovations are
the factors driving the market growth. The increasing product approvals and market
expansion in emerging nations are expected to offer potential opportunities. However,
various factors such as patient safety risks and medication errors associated with insulin
pumps, lack of cyber-security in wireless insulin pumps are limiting the growth of insulin
pumps & accessories global market. The threats for the insulin pumps and accessories
market include increasing number of insulin pump product recalls due to FDA mandates and
stringent regulatory requirement for new products.

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Insulin Pumps and Accessories Global Market

–Forecast to 2026

The insulin pumps & accessories market is mainly segmented into products, applications,
end-users and geography. Among products, Insulin pumps accounted for the largest
revenue of $XX million in 2019 and are projected to grow at a high single digit CAGR of
XX% from 2019 to 2026, due to increasing prevalence of diabetes, technological
advancements, and increased usage of insulin pumps. In application market, type 1 diabetes
segment commanded the largest share of XX% and is expected to grow at a high single digit
CAGR of XX% from 2019 to 2026 to reach $XX million by 2026, due to rising incidence of
diabetes in developed and emerging economies, increasing product launches, development
of smart insulin pumps. According to International diabetes federation (IDF) around 464.1
million people are suffering from diabetes worldwide in 2019, (including children and adults)
and are going to be 700 million people with diabetes by 2045. In end-users, home
healthcare segment commanded the largest revenue of $XX million in 2019 and is projected
to be the fastest growing segment with high single digit CAGR of XX% from 2019 to 2026
due to ease of use of device, and improved patient compliance.

Increasing incidence of diabetes in young aged people who require continuous monitoring
and insulin administration is emerging as one of the major opportunities for market players to
invest more in R&D for designing innovative insulin pumps and to launch new products. For
instance, In August 2019, Insulet Corporation launched Omnipod DISPLAY and Omnipod
VIEW apps for new Omnipod DASH System. This application is now available to download
from the iOS App Store. The Omnipod DISPLAY app allows for a convenient display of
Personal Diabetes Manager (PDM) data on the user’s iOS smart phone including, Pod
status, insulin therapy history, and alarms, as well as a “Find My PDM” feature. By end of
2019, Medtronic PLC is planning to launch MiniMed 680G, an advanced hybrid closed loop
system.

Based on geography, the insulin pump & accessories market is divided into North America,
Europe, Asia-Pacific and Rest of the world. The North American region commanded largest
market revenue of $XX million in 2019 and is expected to reach $XX million by 2026 growing
at a high single digit CAGR of XX% from 2019 to 2026. High investments in healthcare
infrastructures and demand for quality services in this market are propelling the market
growth. However, Asia-pacific region is expected to grow at low double digit CAGR of XX%
from 2019 to 2026 due to increasing healthcare awareness, improved economic growth and
increasing healthcare funding by the governments.

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Insulin Pumps and Accessories Global Market

–Forecast to 2026

The overall insulin pump market is consolidated with five companies commanding a
combined share of XX% of the market. To maintain competitive edge these companies have
adopted different strategies such as developing technologically advanced products, for
instance, by end of 2019, Medtronic is planning to launch MiniMed 680G advanced hybrid
closed loop system. Due to the increased competitive pressure some of the companies like
Animas a subsidiary of Johnson and Johnson and Cellnovo group were unable to sustain in
the market hence they have stopped manufacturing insulin pumps.

The increase in the number of clinical trials performed year-on-year may result in the launch
of several new devices in the coming years; this is expected to drive the insulin pump market
further. Insulin pump clinical trials data indicate that, XX% clinical trials are in phase 3 stage,
and XX% of clinical trials are in phase 2. The majority of clinical trials are focused on type 1
diabetes.

Penetration analysis indicates that insulin pumps and accessories global market has huge
opportunity for existing players as there is more approval, acquisitions and product launch.
According to IQ4I estimations, globally XX million patients and about XX million type 2
diabetes patients are using insulin pumps. The overall average selling price of insulin pumps
is estimated to $XX and the Total Addressable Market (TAM) for insulin pump is expected to
be $XX million in 2019, for type 1 diabetes the TAM is estimated to be $XX million and for
type 2 TAM is $XX million. According to IQ4I analysis, the insulin pump has reached XX% of
insulin dependent population (type 1 and type 2 diabetes) and still there is scope to reach
XX% of insulin dependent population.

Major players in insulin pumps & accessories market include F. Hoffmann-La Roche AG
(Switzerland), Insulet Corporation (U.S.), Medtronic PLC (Ireland), Tandem Diabetes Care
Inc. (U.S.), Valeritas Holdings Inc. (U.S.) and Ypsomed Holdings AG (Switzerland).

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Insulin Pumps and Accessories Global Market

–Forecast to 2026

Reasons for buying this report:

 Insulin pumps and accessories global market is expected to reach $5,011.5 million
by 2026 growing at a high single digit CAGR from 2019 to 2026.
 Identification and analysis of the insulin pumps and accessories market segments by
products, application, end-users and geography.
 Analysis of the global market by identifying various sub-segments of the insulin
pumps and accessories market.
 Revenue forecast of the insulin pumps and accessories market and strategic analysis
of each submarket with respect to individual growth trends.
 Revenue forecast of the insulin pumps and accessories market with respect to North
America (U.S. and Rest of N.A.), Europe (Germany, France, U.K. and Rest of
Europe), Asia-Pacific (Japan, China, India and Rest of APAC) and RoW (Brazil, Rest
of Latin America, Middle East & Others) regions.
 Identification of the major market trends and factors driving or inhibiting the growth of
the insulin pumps and accessories global and its various sub-markets.
 Analysis of the opportunities for stakeholders by identifying the high-growth
segments of the market.
 Analysis of the clinical trials and number of units sold by region and country wise.
 Analysis of market penetration for insulin pump and accessories in both type 1 and
type 2 diabetes
 Profiles of major players in the Insulin pumps and accessories with details of their
product offerings, business strategies, SWOTs, market shares for individual products
&, reimbursement, technological advancements and supply chain analysis.

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Insulin Pumps and Accessories Global Market

–Forecast to 2026

FIGURE 1

INSULIN PUMPS AND ACCESSORIES GLOBAL MARKET SEGMENTATION

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