Insulin Pump Accessories Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Insulin pumps are beneficial to control insulin in diabetic patients at specific intervals. Insulin pumps are attached to the patient's body, and insulin is administered via a catheter placed under the skin. The pumps deliver a dose of insulin to control and sustain blood glucose levels. The patient can take an additional dose depending on the food intake to keep glucose level under control. These pumps are considered an effective alternative to injections due to their better blood glucose control and fewer shots than needles. Insulin pump accessories support the insulin pumps in administering insulin in the body to control diabetes. The insulin pump accessories include infusion sets, insulin reservoirs/cartridges, infusion set insertion devices, etc.

MARKET DYNAMICS

The insulin pump accessories market has shown a significant evolution over the forecast period. The growth of the infusion pump accessories market is majorly driven by the increase in chronic diseases such as diabetes and gastrointestinal disorders. According to WHO, in 2008, about 347 million people have beed suffering from diabetes. Moreover, in 2013, according to the International Diabetes Federation (IDF), about 384 million people had diabetes, and approximately 592 million people are expected to suffer from diabetes by 2035. Multiple other factors that boost the market growth include a rise in the geriatric population, a surge in demand for a portable insulin pump to minimize hospital expenditure, and increased awareness towards home healthcare. However, rigorous government regulations for the approval of devices and errors occurring while the use of infusion pump accessories has led to many product recalls, which restrict the insulin pump accessories market growth.

MARKET SCOPE

The "Insulin Pump Accessories Market Analysis to 2031" is a specialized and in-depth study of the medical device in the healthcare industry, with a specific focus on the global market trend analysis. This report provides an outline of the insulin pump accessories market with detailed market segmentation by product, application, and end-user. The insulin pump accessories market is estimated to witness high growth during the forecast period. It focuses on the vital statistics on the leading players' market status in the insulin pump accessories market and offers key opportunities and trends in the market.

MARKET SEGMENTATION

The market is categorized based on the product, application, and end user. Based on the product, the market is segmented as tubing, reservoir, infusion sets, and others. Based on the application, the segmentation of the market is into type-I diabetes and type-II diabetes. Based on end user, segmentation of the market is into hospitals and clinics, ambulatory surgical centers, home care settings and others.

REGIONAL FRAMEWORK

The report states a detailed outline of the industry, consisting of both qualitative and quantitative information. It gives a sketch and forecast of the insulin pump accessories market based on various segments.
The report also consists of market size and forecast estimates from the year 2021 to2031with respect to five primary regions, namely; North America, Asia-Pacific (APAC), Europe, Middle East, and Africa (MEA), and South & Central America (SCAM). The insulin pump accessories market by each region is then subdivided into respective countries and segments. It offers the analysis and forecast of 18 countries worldwide and the recent trend and opportunities prevailing in the region.

The report analyzes factors affecting the insulin pump accessories market from both the demand and supply sides. Furthermore, it assesses market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. It also comprises a precise PEST analysis for all five regions, namely; North America, APAC, Europe, MEA, and South & Central America, after evaluating political, social, economic, and technological factors affecting the insulin pump accessories market in these regions.

MARKET PLAYERS

The report contains critical developments in the insulin pump accessories market as inorganic and organic growth strategies. Various companies are pivoting on organic growth strategies like product approvals, product launches, and others, such as events and patents. Inorganic growth strategies noticed in the market were acquisitions and collaborations &partnerships. Such activities have paved the path for the expansion of the business and customer base of market players. The market players from the insulin pump accessories market are anticipated to have profitable growth opportunities in the following years with the increasing demand for insulin pump accessories in the global market. Below mentioned is the list of a few companies engaged in the insulin pump accessories market.

The report also offers key players' profiles in the insulin pump accessories market, along with their SWOT analysis and market strategies. Also, the report focuses on leading market players with information on company profiles, financial information of the last three years, components, and services provided, critical development in the past five years.

•  Medtronic
  
•  BD
  
•  Baxter
  
•  ICU Medical, Inc.
  
•  B. Braun Melsungen AG
  
•  Fresenius SE & Co.
  
•  Insulet Corporation.
  
•  Terumo Corporation
  
•  Johnson & Johnson Services, Inc.
  
•  Tandem Diabetes Care, Inc
  

The Insight Partner's dedicated research and analysis team comprises of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Insulin Pump Accessories Report Scope