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The North American market for insulin pumps is rapidly developing because to the rapidly increasing prevalence of diabetes in the population and a greater understanding of how to manage it. According to the International Diabetes Federation (IDF), there will be 537 million diabetics globally in 2021, with that number anticipated to rise to 783 million by 2045. Diabetes, according to the World Health Organisation, can cause blindness, kidney failure, and stroke. Because of factors such as increased healthcare expenditures, greater access to healthcare facilities, and the widespread availability of enhanced insulin pumps, the North American insulin pump market is expanding rapidly.
North America Insulin Pump Market Report Scope and Research Methodology:
The market report from Stellar Market Research is a mix of primary and secondary data gathered through rigorous research. The North America Insulin Pump market research's qualitative and quantitative data should assist decision-makers in determining which market segments and elements are driving the market. The size of the and regional North America Insulin Pump marketplaces was estimated using the bottom-up method. SWOT analysis reveals the strengths and weaknesses of the industry's leading players. A PESTLE analysis is included in the MMR study, which aids in the development of strategies for North America Insulin Pump industry investors. Political factors can help determine how much a government will influence the North America Insulin Pump market during the forecasted timeframe. Economic variables serve in the investigation of economic performance drivers that influence the economy. The economy has an impact on the North America Insulin Pump market, whilst legal aspects help understand the impact of the surrounding environment and the impact of environmental issues on the North America Insulin Pump market. The study reveals the North America Insulin Pump market's competitive landscape in order to comprehend competition at the local, regional, and national levels. It includes all of the critical components, such as operational areas, manufacturing, and product portfolio.
North America Insulin Pump Market Overview:
Stellar Market Research has published a report titled North America Insulin Pump Market: Manufacturers, Regions, Types, Applications, Segments, and Forecast to 2029. The report examines insights in the context of the North America Insulin Pump market, including its ever-changing patterns, industrial environment, and other key market components.
North America Insulin Pump Market Size is estimated to grow at a CAGR of 12.1% during the forecast period. North America Insulin Pump Market is expected to reach US$ 3.41 Bn. in 2027 from US$ 1.72 Bn. in 2021.
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North America Insulin Pump Market Segmentation:
The North American Insulin Pump Market is divided into two types of pumps: tethered pumps and patch pumps. In 2020, the tethered pump industry commanded more than 62 percent of market revenue in North America, depending on the type of pump. Because of their benefits and portability, tethered pumps are in high demand throughout North America. Furthermore, the handsets can be attached to tethered insulin pumps, making it easy to monitor blood glucose levels. As a result, the most advanced and complex features attached to tethered pumps have hastened their adoption within North America's diabetic community.
The North America Insulin Pump market is divided into Hospitals, Clinics, Homecare, and Laboratories. The homecare segment is expected to have the highest CAGR during the projection period. The key drivers of the North American homecare insulin pump market's expansion include increased disposable income, rising consumer awareness, and the simple availability of insulin pumps for at-home use.
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)
North America Insulin Pump Market Regional Insights:
The North America Insulin Pump market report includes a detailed analysis of market size, dynamics and market share in regions: North America, Europe, Asia Pacific, South America and Middle East and Africa.
Key Questions answered in the North America Insulin Pump Market Report are:
Key Offerings:
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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