Market Study Report recently introduced new title on “2017-2024 Global Tubeless Insulin Pump Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.
Selbyville, DE -- (SBWIRE) -- 10/12/2018 -- MarketStudyReport.com Adds New Tubeless Insulin Pump Market 2017 – 2024 research report providing information and data By Component, By Distribution Channel, Industry Analysis, Regional Outlook, Technology Development, Price Trends, Competitive Market Share & Forecast spreading across 130 Pages with table and figures in it.
Tubeless Insulin Pump Market Research Report for the period of 2018-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.
U.S. tubeless insulin pump market valued over USD 200 million in 2016 and anticipated to grow significantly over the coming years. Switching of insulin pump user from tubed to tubeless should be the major growth rendering factor. Moreover, increasing adoption of tubeless pump by first time users will fuel regional industry growth.
Rising number of diabetic and obese patients coupled with introduction of advanced pump will serve as high impact rendering factors for the tubeless insulin pump market growth. Tubeless Insulin Pump Market size is set to exceed USD 2 billion by 2024; according to a new research report. Advent of new technologies in continuous glucose monitoring without the need for daily insulin injection doses will stimulate business growth over the forecast years. Growing adoption of minimally invasive insulin delivery methods should improve patient compliance.
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Inadequate reimbursement coverage and high long-term cost associated with tubeless insulin pump will hamper its adoption in emerging economies. Compliance to insulin therapy may reduce owing to high maintenance therapy cost.
Tubeless insulin pump remote should grow in parallel with the pods segment. Although the replacement rate of remotes is not as high as that of pods, their initial capital requirement is higher. Increasing sales of new tubeless insulin pump will fuel the significant growth of the remote market.
Distribution of tubeless insulin pump through e-commerce platforms has become the most popular medium. In 2016, e-commerce held the market share of over 50%, valuing more than USD 250 million. This online platform will witness a significant growth over the forecast period.
Distribution through hospitals is less preferred medium because of the high cost of tubeless insulin pump. However, many private hospitals have recently started offering tubeless insulin pump at affordable prices, augmenting the industry growth.
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Germany accounted for more than 20% of overall regional revenue share, owing to increasing number of diabetic patients and advanced healthcare system. Growing adoption of advanced technology will drive rapid industry grow over the forecast years.
Japan tubeless insulin pump market accounted for largest regional revenue share owing to its growing trend to adopt advanced technology. Rising per capita income of diabetic patients and high healthcare expenditure will promote tubeless insulin pump market growth.
China should witness lucrative growth in terms of revenue over the forecast period. Factors such as economic growth, large unaddressed diabetic population, rising disposable income, and improving healthcare facilities will propel business growth.
Some of the companies operating in tubeless insulin pump market are Insulet Corporation, Johnson & Johnson, Medtrum Technologies, Roche Holding, Cellnovo Group, Spring Health Solution, Debiotech, CeQur, Valeritas, and Abbott Diabetes Care.
Table of Content:
Chapter 1. Tubeless Insulin Pump Market Methodology
Chapter 2. Tubeless Insulin Pump Market Executive Summary
Chapter 3. Tubeless Insulin Pump Industry Insights
Chapter 4. Tubeless Insulin Pump Market, By Component
Chapter 5. Tubeless Insulin Pump Market, By Distribution Channel
Chapter 6. Tubeless Insulin Pump Market, By Region
Chapter 7. Company Profiles
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United States Tubeless Insulin Pump Market Report 2018
In this report, the United States Tubeless Insulin Pump market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. Geographically, this report splits the United States market into seven regions: The West, Southwest, The Middle Atlantic, New England, The South, The Midwest, with sales (volume), revenue (value), market share and growth rate of Tubeless Insulin Pump in these regions, from 2013 to 2025 (forecast).
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