January 12, 2022
As cited by the research report titled ‘United States Insulin Pump Market Research and Outlook, 2021 - Trends, Growth Opportunities, Competitive Analysis and Forecasts to 2027’, available with MarketStudyReport, United States insulin pump market is estimated to exceed a valuation of USD 6 billion over 2021-2027.
Rising geriatric population, increasing incidence of diabetes, and growing prevalence of obesity are the major factors driving United States insulin pump market growth.
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Technological advancements and introduction of new generation devices by prominent companies are adding traction to the overall market size as well. Increasing awareness and growing adoption of insulin pumps over traditional methods are further favoring the industry outlook.
For the record, an insulin pump is a machine that delivers insulin either automatically or manually. These devices can be programmed to deliver a specific set of doses whenever required. Insulin pumps are less invasive and are largely adopted by patients as they are convenient for those who require multiple insulin injections daily.
The report offers detailed insights with respect to the overall industry, with a major focus on various market segments, including product type. Speaking of product varieties, the United States insulin pump industry space is segmented into pediatric and adult.
The research literature incorporates a detailed assessment of the past and present trends of the industry and estimation of the market size over the analysis timeframe. It also identifies the major restraints and limitations, along with solutions for the same.
Major players swaying the United States insulin pump industry trends are Sooil Development Co. Ltd., Insulet Corporation, Tandem Diabetes Care Inc., and Medtronic plc.
The report includes the comprehensive profiles of these prominent players with information on their business operations, product portfolios, along with the latest developments. By elucidating the aspects, the report recommends various strategies to assist stakeholders in reducing their costs, developing contingency plans, and subsequently boosting profit margins.