The India insulin pumps market size is projected to reach USD 18.5 million by 2025, exhibiting a CAGR of 9.0% during the forecast period. However, the market was worth USD 11.3 million in 2018. This information is published in a recent report by Fortune Business Insights, titled, “India Insulin Pumps Market Size, Share & Industry Analysis, By Product (Insulin Pumps (Tethered Pumps and Patch Pumps) and Consumables (Reservoirs, Infusion Sets, and Others) and Region Forecast, 2019-2025.”
The report further states that the incidence of diabetes is over 8.8% in adults in this country. However, in 2017, there were approximately 73 million cases of diabetes here. In 2018, the WHO declared that, by 2030, around 98 million people are anticipated to be affected by type-2 diabetes in India.
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Highlights of the Report:
- In-depth analysis of various insights, namely, India Insulin Pumps Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and India Insulin Pumps Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
Key Players Operating in The India Insulin Pumps Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
Introduction to Advanced Technologies Will Boost Growth of Market
Different types of insulin pumps are available according to the amount of insulin they can hold. Nowadays, owing to the rising technological advancements, numerous safety features are being introduced in the insulin pumps. It is, in turn, increasing the demand for these pumps in the country. Moreover, the key manufacturers are implementing attractive features, namely, customizable alerts and reminders in the insulin pumps. Medtronic, a prominent player in India, is currently offering an insulin pump that can be programmed to provide a specific amount of insulin at various rates throughout the day. It is capable of changing the amount of post-meal insulin based on the type of food a patient consumes. These factors are expected to propel the India insulin pumps market growth during the forthcoming years.
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Patch Pumps Sub-segment to Dominate Owing to Clinically Proven Benefits
The India insulin pumps market consists of only the type segment. But based on type, the market is grouped into insulin pumps and consumables. In terms of insulin pumps, the market is further segregated into sub-segments, such as patch pumps and tethered pumps. By consumables, the market is fragmented into infusion sets, reservoirs, and others. The patch pumps sub-segment is expected to grow at a fast pace by showcasing a high CAGR in the coming years. It would also acquire the maximum India insulin pumps market share. The growth is attributable to their rising popularity in the country because of their clinically proven convenience and benefits. These pumps can be controlled wirelessly by another device. The device will program the insulin delivery from the patch. They can also be kept in a single case without tubing, unlike the tethered pumps. Also, they can be attached to the body with self-adhesive.
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Reasons to Purchase this Report:
- Comprehensive analysis of the India Insulin Pumps Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the India Insulin Pumps Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
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