The hospital & clinics segment held for the major insulin pump market share of 45.2% in 2016 and is anticipated to touch USD 3,908.8 million by 2023
Global Insulin Pump Market Size, Growth and Trends Analysis by Type (Smart Insulin Pumps, Traditional Insulin Pumps and Disposable Insulin Pumps), Accessories (Insulin Reservoirs, Infusion Sets and Infusion Set Insertion Devices), Application (Type I Diabetes and Type II Diabetes), End User, Region and Key Players Forecast To 2023
The Global Insulin Pump Market size is predicted to reach the valuation of USD 8,520.9 million and attain a CAGR of 8.4% by the end of forecast period 2023, according Market Research Future.
Boost in demand for insulin devices is driven by increased diabetic patients, thus resulting in growth of global insulin pumps market.
The traditional insulin pumps segment was valued at USD 2,696 million in 2016 and held the largest in the global market.
The infusion subsegment is further divided into plastic cannula and steel cannula.