Global insulin pumps market is projected to rise at a healthy CAGR of 9.8% during the forecast period of 2017 to 2025. Further, it is estimated that the concerned market would acquire a worth of US$9,550.7 mn by the end of 2025, from a mark of US$4,180.4 mn in 2016.
Albany, NY -- (SBWIRE) -- 09/18/2017 -- In the present time, the growing prevalence of diabetes and escalating geriatric population is surely boosting the market for insulin pumps all across the globe. Furthermore, advancement in the insulin pump functionality is another factor motivating its market. To study more about the market expanse, a new study has been added to the wide database of Market Research Reports Search Engine (MRRSE). This report is titled "Insulin Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2017-2025", which focuses on the current market trends, innovations as well as prospects for the future until 2025. Moreover, the readers can also learn about the market size, value and other related factors in-depth.
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Insulin pumps are basically devices which are used to administer insulin in the body to control diabetes. It is noted that insulin pump therapy offers several advantages over the conventional syringe method. Further, insulin pumps are expected to make strong gains since they support effective diabetes management in difficult cases. In the recent time, the market is pulling more attention due to a number of factors, such as increasing disposable income, increasing prevalence of diabetes, and growing public awareness due to the penetration of social media. As per key research findings, the global insulin pumps market is projected to rise at a healthy CAGR of 9.8% during the forecast period of 2017 to 2025. Further, it is estimated that the concerned market would acquire a worth of US$9,550.7 mn by the end of 2025, from a mark of US$4,180.4 mn in 2016.
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This intelligent report works to enlighten the readers about the current as well as future objectives of the market on the global scale. For offering a better understanding based on competition in the market, this study bifurcates the market in terms of geographical factor into major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is spotted to be the most dominant region, while Europe continues to maintain its second position as the most profitable region. Furthermore, a market overview is also presented which targets market dynamics such as drivers, restraints, and opportunities that drop a strong impact on the global insulin pumps market in the coming years.
The following section studies the overall information and data analysis related to the global insulin pumps market in reference to the leading market segments based on distribution channels, major products, and geographies. In terms of product type, the market is classified into insulin pumps and insulin pump supplies & accessories. Moreover, the major distribution channel category includes online sales, retail pharmacy, hospital pharmacy and diabetes clinics or centers. As the report concludes, readers can take a look at the competitive landscape among different market players on the basis of market share analysis and other factors.
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