Insulin Pumps and Continuous Glucose Monitors Market Size by Segments, Share, Regulatory, Reimbursement, and Forecast to 2033

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Insulin Pumps and Continuous Glucose Monitors Market Report Overview

The insulin pumps and continuous glucose monitors market was valued at $11.32 billion in 2023 and is forecast to grow at a CAGR of more than 6% during 2023 and 2033. An insulin pump is an insulin delivery device that administers programmed doses of insulin for diabetes management. Meanwhile, continuous glucose monitoring system is used for the continuous measurement of blood glucose. It includes an implantable sensor with wireless transmission capability and a monitor.

Insulin Pumps and Continuous Glucose Monitors Market Outlook, 2023-2033 ($ Billion)

Insulin Pumps and Continuous Glucose Monitors Market Outlook, 2023-2033 ($ Billion)

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The insulin pumps and continuous glucose monitors market research report explains the market behavior, which will help identify quantitative market trends within the diabetes care devices therapeutic area. The model discusses in detail the impact of COVID-19 on the insulin pumps and continuous glucose monitors market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies.

Market Size (2023) $11.32 million
CAGR (2023-2033) >6%
Forecast Period 2023-2033
Historical Period 2015-2022
Key Regions ·        North America

·        Europe

·        Asia Pacific

·        South America

·        Middle East and Africa

Key Segments ·        Blood Glucose Meters

·        Insulin Pumps

Leading Companies ·        Medtronic Plc

·        Abbott Laboratories

·        DexCom Inc

·        Senseonics Inc

·        Insulet Corp

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Insulin Pumps and Continuous Glucose Monitors Market Dynamics

Diabetes Care Devices (DCD) market has witnessed massive demand over the past few years due to the increase in the prevalence number of people suffering from diabetes and growing awareness among the consumers regarding the availability of new technological advancements in the market. In regard to this, the insulin pumps and continuous glucose monitors market is expected to grow at a higher rate due to the rising incidence rate of diabetes. However, due to the low access of healthcare facilities in some of the developing countries and unfamiliarity about the devices among the people may restrain the market growth.

Insulin Pumps and Continuous Glucose Monitors Market Segments

The insulin pumps and continuous glucose monitors market can be segmented into blood glucose meters and insulin pumps. Insulin pumps led the insulin pumps and continuous glucose monitors market in 2023. An insulin pump is an insulin delivery device that administers programmed doses of insulin for diabetes management. It consists of a battery run pump, an insulin reservoir and an infusion set with a tubing system for subcutaneous intervention. Traditional insulin pumps and accessories and patch pumps are tracked under this segment.

Insulin Pumps and Continuous Glucose Monitors Market Analysis by Segments, 2023 (%)

Insulin Pumps and Continuous Glucose Monitors Market Analysis by Segments, 2023 (%)

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Insulin Pumps and Continuous Glucose Monitors Market Segmentation by Regions

The key regions in the Insulin Pumps and Continuous Glucose Monitors market are North America, Europe, Asia Pacific, South Central America, and the Middle East and Africa. North America was the largest market for insulin pumps and continuous glucose monitors market in 2023 where US holds a dominating position in market following Canada and Mexico. Market is majorly driven by the increasing prevalence rate of diabetes, obesity, sedentary lifestyle, and increasing awareness among the consumers.

Insulin Pumps and Continuous Glucose Monitors Market Analysis by Regions, 2023 (%)

Insulin Pumps and Continuous Glucose Monitors Market Analysis by Regions, 2023 (%)

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Insulin Pumps and Continuous Glucose Monitors Market - Competitive Landscape

Some of the leading companies in the insulin pumps and continuous glucose monitors market are Medtronic Plc, Abbott Laboratories, DexCom Inc, Senseonics Inc, and Insulet Corp. Medtronic Plc held the largest share of the insulin pumps and continuous glucose monitors market in 2023 followed by Abbott Laboratories.

Insulin Pumps and Continuous Glucose Monitors Market Analysis by Companies, 2022 (%)

Insulin Pumps and Continuous Glucose Monitors Market Analysis by Companies, 2022 (%)

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Segments Covered in the Report

Insulin Pumps and Continuous Glucose Monitors Segments Outlook (Value, $ Billion, 2015-2033)

  • Blood Glucose Meters
  • Insulin Pumps

Insulin Pumps and Continuous Glucose Monitors Regional Outlook (Value, $ Billion, 2015-2033)

  • North America
  • Europe
  • Asia Pacific
  • South Central America
  • Middle East and Africa

Key Inclusions

Key Inclusions of the market model are:

Currently marketed Insulin Pumps and Continuous Glucose Monitors Tests and evolving competitive landscape:

– Insightful review of the key industry trends.

– Annualized total Insulin Pumps and Continuous Glucose Monitors Tests market revenue by segment and market outlooks from 2015-2033.

– Market-level data on units, average selling prices, and market values.

Global, Regional, and Country level market specific insights:

– Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.

– SWOT analysis for the Insulin Pumps and Continuous Glucose Monitors market.

– Competitive dynamics insights and trends provided for the Insulin Pumps and Continuous Glucose Monitors market.

Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.

– Country-specific overview of the healthcare system.

– Country-specific reimbursement policies.

– Country-specific medtech regulatory landscape.

Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.

Companies covered: Medtronic Plc, DexCom Inc, Abbott Laboratories, Senseonics Inc, Ypsomed Holding AG, Tandem Diabetes Care Inc, Insulet Corp, F. Hoffmann-La Roche Ltd, MannKind Corp and Others.

Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina and Chile.

Scope

This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for –

  • CMO executives who must have a deep understanding of the Insulin Pumps and Continuous Glucose Monitors marketplace to make strategic planning and investment decisions.
  • Sourcing and procurement executives must understand crucial components of the supply base to make decisions about supplier selection and management.
  • Private equity investors who need a deeper understanding of the market to identify and value potential investment targets.

Reasons to Buy

The model will enable you to –

  • Understand the impact of COVID-19 on the Insulin Pumps and Continuous Glucose Monitors market.
  • Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
  • Develop business strategies by understanding the trends shaping and driving the Insulin Pumps and Continuous Glucose Monitors market.
  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Insulin Pumps and Continuous Glucose Monitors market in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
  • Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
  • Track device sales in the global and country-specific Insulin Pumps and Continuous Glucose Monitors market from 2015-2033.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.

Frequently asked questions

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