The Insulin Pump Market was valued at USD 5.90 billion in 2024, and is projected to reach USD 9.66 billion by 2030, rising at a CAGR of 8.42%. The key factors driving the growth of the market are the technological advancements and the adoption of pumps over traditional methods. These pumps are very convenient for people who require daily multiple injections of insulin.
Insulin pump is a machine that enables insulin to be delivered either manually or automatically. These pumps can be programmed to deliver a specific set of doses and can also deliver a larger set of doses of glucose whenever required, such as before a meal. Patients can connect these devices to their smartphones to calibrate blood glucose readings. Technological advancement and new product launches across the globe are also fueling the market during the forecast period. For instance, Medtronic’s MiniMed 670G system is the world’s first hybrid closed loop system that acts as an artificial pancreas. The system provides automated insulin delivery as per the patient’s CGM readings.
The insulin pumps market is anticipated to witness a high growth rate during the forecast period due to the continuous efforts for diabetes control by government and healthcare organizations such as the International Diabetes Federation (IDF). These organizations provide required expertise and support diabetes awareness campaigns through a network of stakeholders and partners. Also, increasing health care funding is anticipated to propel growth. Additionally, the market is expected to witness a shift from the usage of traditional tethered pumps to patch pumps driven by their compact size and ease of use.
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Insulin pump is a machine that enables insulin to be delivered either manually or automatically. These pumps can be programmed to deliver a specific set of doses and can also deliver a larger set of doses of glucose whenever required, such as before a meal. Patients can connect these devices to their smartphones to calibrate blood glucose readings. Technological advancement and new product launches across the globe are also fueling the market during the forecast period. For instance, Medtronic’s MiniMed 670G system is the world’s first hybrid closed loop system that acts as an artificial pancreas. The system provides automated insulin delivery as per the patient’s CGM readings.
The insulin pumps market is anticipated to witness a high growth rate during the forecast period due to the continuous efforts for diabetes control by government and healthcare organizations such as the International Diabetes Federation (IDF). These organizations provide required expertise and support diabetes awareness campaigns through a network of stakeholders and partners. Also, increasing health care funding is anticipated to propel growth. Additionally, the market is expected to witness a shift from the usage of traditional tethered pumps to patch pumps driven by their compact size and ease of use.
Insulin Pump Market Report Highlights
- The tethered pumps segment dominated the market in 2024 and expected to lead during the forecast period. Tethered insulin pumps are connected to the body via a small tube linked to a cannula.
- The MiniMed segment dominated the market with a share of 52.9% in 2024. the high adoption rate and technological advancement.
- The insulin set insertion devices segment dominated the market with a share of 41.4% in 2024. The insulin set insertion market high share is attributed to notable growth due to advancements in user-friendly designs and enhanced comfort.
- The hospital segment dominated the market with a share of over 44.4 % in 2024. Hospitals are increasingly adopting advanced diabetes management technologies, including insulin pumps, to improve patient outcomes.
This report addresses:
- Market intelligence to enable effective decision-making.
- Market estimates and forecasts from 2018 to 2030.
- Growth opportunities and trend analyses.
- Segment and regional revenue forecasts for market assessment.
- Competition strategy and market share analysis.
- Product innovation listings for you to stay ahead of the curve.
- COVID-19's impact and how to sustain in this fast-evolving market.
Why Should You Buy This Report?
- Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This product will be delivered within 1-3 business days.
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Insulin Pumps Market Variables, Trends & Scope
Chapter 4. Insulin Pumps Market: Device Estimates & Trend Analysis
Chapter 5. Insulin Pumps Market: Product Estimates & Trend Analysis
Chapter 6. Insulin Pumps Market: Accessories Estimates & Trend Analysis
Chapter 7. Insulin Pumps Market: End Use Estimates & Trend Analysis
Chapter 8. Insulin Pumps Market: Regional Estimates & Trend Analysis By Type, Product, Accessories, End Use
Chapter 9. Competitive Landscape
List of Tables
List of Figures
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 220 |
Published | February 2025 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 5.9 Billion |
Forecasted Market Value ( USD | $ 9.66 Billion |
Compound Annual Growth Rate | 8.4% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |