The global insulin pumps market to grow at a CAGR of 8.05% during the period 2016-2020.
Insulin Pumps Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A trend propelling market growth is the adoption of insulin pumps over conventional methods. Electronic insulin pumps are most commonly preferred over traditional treatment due to their effectiveness, safety, and better glucose results. Companies are developing new generation insulin pumps with advanced features that have allowed better compliance and integration of devices with IT. This has allowed people with diabetes to maintain their blood glucose levels and achieve a better lifestyle.
According to the report, a key growth driver is the focus on diabetes management. Insulin pumps help people in diabetes management without physician support. With positive results of insulin pumps, there has been an increase in the awareness regarding insulin pumps among patients and physicians. Vendor-sponsored awareness programs facilitate cost free checking of blood glucose levels. This helps vendors to attract new customers. Further, companies like Roche Diagnostics are developing products that are designed to implement glucose monitoring technologies in disease management.
Further, the report states that one challenge that could hamper market growth is inadequate reimbursements by insurance carriers. Although reimbursements are being provided, they are inadequate owing to lack of adequate evidence on the accuracy of insulin pumps; some clinical studies have raised questions about the accuracy of these devices.
- Roche Diagnostics
Other prominent vendors
- IA Collaborative
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Insulin pumps: An overview
Part 06: Cost analysis
Part 07: Market landscape
Part 08: Five forces analysis
Part 09: Leading country: Insulin pumps market in the US