Insulin Pump Market to be US$ 8 Billion opportunities by 2024
  • 6 years ago
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By the year 2024, global insulin pump market is US$ 8 Billion opportunities. Let us see what is an insulin pump? And where it is used? So the answer is Insulin pump is a medical device that is used for the administration of insulin in the treatment of diabetes. Before the introduction of Insulin pumps, patients were treated through incursive insulin needles, tablets or insulin delivered via inhalable pumps.

In the current scenario, patients or the people who suffer from diabetes easily get to know the current position due to the introduction of insulin pump. Insulin Pump is a little automated gadget relatively like a cell phone. It is extremely convenient to use, as this can be effectively fit inside a pocket. The gadget comprises of buttons to program insulin and explore through the menu, LCD shading screen to demonstrate the programming, battery compartment and a store compartment.

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A look upon what Players of Insulin Pump doing for the Growth of this Market

As we all know that because of the innovation in Health care and fighting against diabetes, companies played a very prominent role in the expansion of this market. The companies like Medtronic, Insulet Corporation, Tandem Diabetes Care etc. with their research and development in the field of diabetes made a great impact on patients globally.

Medtronic has continuously improved and innovate on core technologies to help people with diabetes, continue to experience greater freedom and better health. The products of Medtronics such as, CareLink Personal Therapy Management Software, CareLink ProTherapy Management Software, Guardian REAL-Time Continuous Glucose Monitoring System, Infusion Sets, Insulin Pumps with Continuous Glucose Monitors, iPro 2 Professional CGM etc.

Apart from that, Medtronic has launched one more product recently MiniMed Mio Advance infusion set.

Insulet Corporation offers tubeless insulin pump technology with its Omnipod Insulin Management System i.e. Omnipod System. Insulet Corporation, in collaboration with NXP semiconductor technology that helps to free patients from conventional medical tubes.

Newly, Insulet Corporation to launch a new data for its Omnipod Horizon Automated Glucose Control System i.e. Omnipod Horizon, hybrid closed-loop system.

Tandem Diabetes Care is a medical device company and also the manufacturer of the only touchscreen insulin pumps. Tandem products say for instance, t:slim X2, t:flex Pump, etc.

The product t:slim X2 is capable of reducing time in hypoglycemia and also enhanced the time range. Apart from that t:flex pump has the capability to hold up to 480 units of insulin, if the patients with larger insulin requirements.

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