Global Insulin Pumps Market- Medtronic Diabetes, Roche Insulin Delivery Systems, SOOIL Development Co. Ltd.

Global Insulin Pumps Market 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.

Pune, India - July 6, 2017 /MarketersMedia/ —

Introduction:
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.

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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.

Geographically, North America is the leading contributor to the market and is expected to retain its position during the forecast period due to the presence of large number of geriatric population and large base of population with high purchasing power. However, Asia-Pacific market is expected to grow at a faster rate during the forecast period. This is predominantly due to increased healthcare awareness, improved economic growth, increasing number of obesity cases and growing awareness among the population.

The companies covered in the Global Insulin Pumps Market report:
1) Animas Corp
2) Insulet Corp.
3) Medtronic Diabetes
4) Roche Insulin Delivery Systems
5) SOOIL Development Co. Ltd.
6) Tandem Diabetes Care, Inc.

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Release ID: 215029