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Insulin pump Market Emerging Trend, Opportunities, Key Players, Huge Growth, Revenue Analysis, 2024-2035 The current market landscape features the presence of over 40 insulin pumps that are currently available / under development. Most (over 85%) of the insulin pumps are currently available in the market / commercialized, demonstrating the maturity of industry and significant demand of consumers. It is worth mentioning that maximum number of the insulin pumps were launched post-2018; examples of recently launched pumps include (in alphabetical order) iLet ACE Pump (Beta Bionics, 2023), Kaleido (ViCentra, 2023) and Tandem Mobi System (Tandem Diabetes Care, 2024). The insulin pump market size is projected to grow from $ 5.8 billion in 2024 to $ 13.6 billion by 2035, representing a CAGR of 8% during the forecast period till 2035. Additionally, patch pumps dominate the insulin pumps domain; these pumps directly adhere to the patients’ skin (due to the presence of an adhesive backing) and deliver insulin into the body via a small tube (inserted into the skin). Some advantages of the patch pumps include discreetness (enables easy concealment under clothes), convenience (eliminating the requirement of additional infusion set components) and improved mobility (due to the absence of external tubing). Around 80% of the insulin pumps are automated / smart pumps; these pumps allow automatic adjustment of insulin doses (based on real-time glucose information), integration with continuous glucose monitors (to offer precise insulin management) and compatibility with diabetes management software (to enable health data sharing with caregivers). In addition, smart pumps offer smartphone connectivity in order to effectively track the medication activity of patients; these pumps are beneficial for children or elderly users. Notably, over 10% of the insulin pumps are suitable for the delivery of insulin in patients suffering from Type 1 and Type 2 diabetes. The Insulin Pumps Market Is Anticipated to Grow at a Steady Pace, Till 2035 The different driving factors for the insulin pumps market include the growing prevalence of chronic diseases (requiring real-time monitoring), shift towards decentralized trials (eliminating need for frequent in-person visits by the patient) and increasing adoption of smart digital devices. Our estimates suggest that, presently, in terms of type of pump, majority share of the insulin pumps market is captured by patch pumps; this can be attributed to the fact that they can be conveniently operated wirelessly by a separate device to monitor blood sugar levels continuously throughout the day and allow automatic delivery of insulin after meals. To view more details on this report, click on the link https://www.rootsanalysis.com/reports/insulin-pump-market.html

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