United States Insulin Pumps Market 2027: Share, Size, Analysis, Industry Report and Outlook
According to the latest report by IMARC Group, titled “United States Insulin Pumps Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the united states insulin pumps market trends. The United States insulin pumps market size reached US$ 2.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.1 Billion by 2027, exhibiting a growth rate (CAGR) of 4.8% during 2022-2027.
The electronic medical devices known as insulin pumps are used to administer insulin to the body in order to successfully control blood sugar levels. 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.
Market Trends:
The market for insulin pumps in the US is primarily being driven by the rising number of diabetics. 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.
United States Insulin Pumps Market 2022-2027 Analysis and Segmentation:
The report has segmented the market on the basis on region, product type, distribution channel.
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
Others
Breakup by Region:
Northeast
Midwest
South
West
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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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