Tubeless Insulin Pump Market: Size, Growth, Regional Analysis, And Market Analysis



Tubeless Insulin Pump:

A tubeless insulin pump is a hand-held device that is used to regulate blood glucose levels. Pod/patch, remote, and accessories like batteries, reservoirs, and others are some of the most prevalent components. These are primarily used to reduce the need for frequent injections.


Market Growth:

In the projected period of 2020 to 2027, the Tubeless Insulin Pump Market is expected to increase. According to Data Bridge Market Research, the market will reach USD 3842.57 million by 2027, rising at a CAGR of 24.12% over the projected period. The global increase in diabetes cases is likely to boost the market growth.


The market for insulin pumps is likely to rise due to technological advancements. Other factors such as rising government funding for the study of various diseases, rising obesity prevalence, raising awareness about the injuries and infections caused by traditional invasive insulin pumps, growing aging population, and increasing approvals for treatment and devices are expected to drive the tubeless insulin pump market from 2020 to 2027.


With the rising prevalence of diabetes, particularly among the elderly, the tubeless market is expected to rise significantly in the coming years. According to the National Diabetes Statistics, roughly 30.3 million persons in the United States had diabetes in 2015. The rising prevalence of diabetes will hasten the introduction of tubeless insulin pump devices for improved disease treatment and management. The market will be boosted even more by the development of new insulin delivery systems.


Increasing government initiatives and increased diabetes awareness will have a beneficial impact on market growth in the future years.


Market Segmentation:

The market for tubeless insulin pumps is divided into two categories: component and distribution channel. The market is divided into two categories: pod/patch and remote. The market is divided into three categories based on distribution channels: hospitals, pharmacies, and e-commerce.


Regional Analysis:

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the regions in which the market is divided. In 2019, the global tubeless insulin pump market was dominated by North America. The market in the Asia Pacific is expected to grow at the fastest rate during the projected period.


Key Players:

Medtronic PlcMedtrum Technologies, IncTandem Diabetes Care, Insulet Corporation, and Animas Corporation are among the major key players in the tubeless insulin pump market.

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