According to the latest report by IMARC Group, titled “United States Insulin Pumps Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” 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.
Insulin pumps represent the digital medical devices used to inject insulin into the body to regulate blood sugar levels effectively. 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 increasing diabetic population is primarily driving the United States insulin pumps market. 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:
Breakup by Distribution Channel: