North America Insulin Pump Market to Reach US$ 4.28 Billion by 2030, Growing at a 12.1% CAGR from US$ 1.92 Billion in 2023

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North America Insulin Pump Market Overviews

North America Insulin Pump Market is estimated to grow at a CAGR of 12.1% during the forecast period. North America Insulin Pump Market is expected to reach US$ 4.28 Bn. in 2030 from US$ 1.92 Bn. in 2023

The North American insulin pump market is experiencing significant growth due to the rapidly increasing prevalence of diabetes and heightened awareness of effective treatment methods. According to the International Diabetes Federation (IDF), there were 537 million people with diabetes globally in 2023, a number projected to rise to 783 million by 2045. The World Health Organization highlights that diabetes can lead to severe health complications such as blindness, kidney failure, and stroke.

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North America Insulin Pump Market Scope and Methodology:

The rising prevalence of diabetes in the United States is a key factor driving the growth of the diabetes market in the region. In 2017, 7.4% of the U.S. population, or approximately 24.18 million individuals, were affected by diabetes. Current data indicates that one in ten Americans has diabetes, and projections from the Centers for Disease Control and Prevention (CDC) suggest that by 2050, one in three people in the U.S. may be living with the disease.

North America Insulin Pump Market Regional Insights

The market for insulin infusion pumps is dominated by the United States, which is expected to grow at a CAGR of 13.3 percent over the forecast period. The market for insulin pumps may be driven by technological improvements. Pumps are less intrusive, and the introduction of a wireless pump and Smart pump, like Medtronic’s MiniMed, was a breakthrough in the insulin infusion pump business. This wireless system included a Paradigm Link Blood Glucose Monitor and a Medtronic MiniMed Paradigm 512 Insulin Pump.

North America Insulin PumpMarket Segmentation

Based on Pump Type: The North America Insulin Pump Market is divided into Tethered Pumps and Patch Pumps. In 2023, the tethered pump segment accounted for over 62% of the market revenue in North America. The high demand for tethered pumps in the region is driven by their portability and ease of use. These pumps can be connected to handsets, allowing users to conveniently monitor blood glucose levels. Additionally, the incorporation of advanced features in tethered pumps has further boosted their adoption among the diabetic population in North America.

North America Insulin Pump Market Key Players

Animus Corporation (U.S.)
Asante (U.S.)
Insulet Corporation (U.S.)
Medtronics, Inc. (U.S.)
Tandem Diabetes Care (U.S.)
Cellnovo Ltd (U.K.)
Ypsomes (Switzerland)
Sooil Development Co. (Korea)
Nipro Diagnostic, Inc. (Japan)

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Key questions answered in the North America Insulin Pump Market are:

What is North America Insulin Pump ?
What was the North America Insulin Pump market size in 2023?
What is the growth rate of the North America Insulin Pump Market?
Which are the factors expected to drive the North America Insulin Pump market growth?
What are the different segments of the North America Insulin Pump Market?
What growth strategies are the players considering to increase their presence in North America Insulin Pump ?
What are the upcoming industry applications and trends for the North America Insulin Pump Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the North America Insulin Pump Market?
Who are the leading companies and what are their portfolios in North America Insulin Pump Market?
What segments are covered in the North America Insulin Pump Market?
Who are the key players in the North America Insulin Pump market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

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