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Global Insulin Pumps Market Industry 2022

PressReleasePing - September 22, 2017 -Infinium Global Research has added a new report on Global Insulin Pumps Market. The report predicts the market size of Insulin Pumps is expected to reach XX billion by 2022 The global market for insulin pumps was valued at around USD 2.3 billion in 2015 and is expected to reach USD 4.3 billion by 2022, growing at a CAGR of around 9.5% during the forecast period of 2016 to 2022. Insulin pumps are portable devices attached to the body that continuously deliver amounts of rapid or short acting insulin thru a catheter placed under the skin. These are better alternative to insulin injections as they reduce the need for multiple insulin injections per day and give the user increased ability to control blood glucose levels. Approximately 1 in 1,000 people with diabetes wears an insulin pump. An insulin pump consists of the main pump unit, which holds an insulin reservoir, which typically holds between 176 and 300 units of insulin. The reservoir is attached to a long, thin piece of tubing with a needle or cannula at one end. The tubing and the bit at the end are called the infusion set. Insulin pump therapy is also referred to as continuous subcutaneous insulin infusion therapy. Rise in base of geriatric population, increasing incidence rates of diabetes worldwide, benefits of insulin pumps over injections such as improved glucose control, convenience, and flexibility; growing awareness among the population, and increasing preference for non-invasive methods are expected to drive the market at a significant growth rate in the coming years. However, skin infection, weight gain and high costs associated with these devices are some of the restraining factors, which could hinder the market. Companies profiled: Animas Corp Insulet Corp. Medtronic Diabetes Roche Insulin Delivery Systems SOOIL Development Co. Ltd. Tandem Diabetes Care, Inc. Key Topics Covered: Scope of the report Executive summary Qualitative analysis Global insulin pumps market, by component, 2014 – 2022 Global insulin pump market, by geography, 2014 – 2022 Company profiles Click below to access full report @ https://www.infiniumglobalresearch.com/chemical_material/global_insulin_pumps_market


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