The global insulin pump sensor market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period (2024-2031). The rising pervasiveness of diabetes is one of the prime factors affecting and driving the market. According to World Health Organisation (WHO) around 422 million people across the globe suffer due to diabetes and 1.6 million die owing to diabetes every year. This highlights the fact that diabetes leads over time to serious sort of damages to heart, blood vessels, eyes, kidneys along with nerves. So, the increasing awareness associated with insulin pump can play an important in managing the diabetes.
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To gain on the opportunity key players operating in the global insulin pump sensor market had been adopting strategy such as new launches. For instance, in September 2020, Medtronic had received approval and clearance from the US Food and Drug Administration (FDA) for its MiniMed 770G insulin Pump System. This system offers smart guard advanced technology along with the advantages of connecting through smartphones.
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Market Coverage
- Segment Covered-
o By Type
o By End User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Abbott, Insulet Corp., Medtronic, Roche Diabetes Care, and Tandem Diabetes Care, Inc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Insulin Pump Sensor Market – Segmentation
By Type
- Invasive Glucose Sensor
- Non-Invasive Glucose Sensor
By End User
- Homecare
- Hospitals and Clinics
- Diagnostic Center
- Other
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