According to the latest report by IMARC Group, titled “United States Insulin Pumps Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the united states insulin pumps market reached a value of US$ XX Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.
Insulin pumps represent the digital medical devices used to inject insulin into the body to regulate blood sugar levels effectively. They are equipped with a thin tube that facilitates the delivery of insulin seamlessly. Diabetic patients utilize insulin pumps as a preferred alternative to insulin pen injections as they function on a pre-programmed schedule. These devices can also automatically adjust the insulin dose required by the body depending on the analysis of food intake and blood sugar levels.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The increasing diabetic population is primarily driving the United States insulin pumps market. Besides this, the shifting preferences towards fast-food consumption and sedentary lifestyles of the consumers are further propelling the risk of diabetes, thereby further augmenting the demand for insulin pumps. In line with this, the escalating popularity of ready-to-eat (RTE) packaged food, which contains artificial ingredients and preservatives, is also catalyzing the market growth in the U.S. Furthermore, the launch of several initiatives that aim to create awareness regarding the adverse effects of diabetes and the importance of effective treatment plans is acting as another significant growth-inducing factor. In addition to this, extensive research and development (R&D) activities, continuous advancements in the healthcare infrastructures, and the adoption of innovative technologies, such as highly accurate glucose sensors and blood monitoring devices, are expected to fuel the United States insulin pumps market over the forecasted period.
Breakup by Product Type:
- Insulin Pumps
- Tethered Pumps
- Disposable/Patch Insulin Pumps
- Insulin Pump Supplies and Accessories
- Infusion Set Insertion Devices
- Insulin Reservoirs/Cartridges
Breakup by Distribution Channel:
- Hospital Pharmacy
- Retail Pharmacy
- Online Sales
- Diabetes Clinics/ Centers
Breakup by Region:
The report has also analysed the competitive landscape of the market along with the profiles of the key players.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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