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The global insulin pumps market was valued at USD 4.99 Billion in 2023. It is expected to grow at a CAGR of 6.20% during the forecast period of 2024-2032 and attain a market value of USD 8.57 Billion by 2032. The market growth is driven due to the growing older population, increasing diabetes incidence, and rising obesity prevalence. Companies are developing next-generation insulin pumps with enhanced technology to improve compliance and integration with IT devices, which is expected to fuel the market expansion. Innovations such as home infusion therapy and artificial pancreas technology are projected to generate major growth prospects in the coming years.
The Global Insulin Pumps Patent Landscape Report provides a comprehensive and in-depth analysis of the patents in this growing industry. The key sections captured in the report for insulin pumps include a thorough examination of the patent portfolios of key players, covering aspects such as the number of patents and types of technologies patented. It includes the latest trends, geographical distribution of patents, top IP player profiles, technological segmentation, and patent valuation associated with insulin pumps. The breakdown of patents by technical segments is provided, giving more clarity on the specific areas of innovation within insulin pump technologies.
Patent Valuation Analysis
An evaluation and competitive benchmarking of key members of unique patent families are covered in the analysis for insulin pump technologies. The important parameters have been taken into consideration including IP document, year of application, number of citations, time to expiry, and jurisdiction associated with Insulin Pumps.
Analysis of Patent Applications
A comprehensive summary of several patent applications for insulin pumps filed across different jurisdictions and their relative value is covered. The analysis will cover the capital in terms of innovation and innovation type.
Analysis of Granted Patents
Detailed analysis of the granted patents across different jurisdictions for insulin pumps and their relative value in the IP are covered in the final report.
An insulin pump is a small, wearable medical device that delivers a consistent and controlled dose of insulin to diabetics. It simulates the function of a healthy pancreas by delivering a consistent basal rate of insulin throughout the day and night, as well as supplemental bolus doses during meals or to address high blood sugar. The pump comprises of a small insulin reservoir coupled to a thin tube called a cannula that is implanted beneath the skin. By providing accurate and adjustable insulin delivery, the pump aids improve blood sugar management and gives greater flexibility than traditional insulin injections.
Growing Incidence of Diabetes is Expected to Boost the Patent Industry Growth
The incidences of diabetes are increasing rapidly in both emerging and industrialized countries. Several factors contribute to this, including obesity and sedentary lifestyle, among others. As a result, the growing elderly population raises the risk of age-related diseases such cataracts, glaucoma, hypertension, and diabetes. For example, the Endocrine Society estimates that by 2022, 33% of persons aged 65 and up would have diabetes. Furthermore, the growing number of persons suffering from type 1 diabetes worldwide creates a big pool of patients who require insulin to manage the disease. High-income countries have a higher prevalence of type 1 diabetes than low- and middle-income countries. These people require insulin injections on a daily basis. Thus, increased awareness of these pumps among diabetes patients, as well as the benefits associated with disease management, are expected to fuel market expansion throughout the forecast period.
Rising Investment in R&D and Product Approvals is Expected to Propel Insulin Pumps Patent Industry
The growing popularity of these pumps among diabetics in developing nations is pushing market players to focus on the R&D of technologically sophisticated products and introduce new items to the market. These R&D efforts were accompanied by several clinical trials, which found evidence of sustained improvement in glycemic control in type 2 diabetes patients on pump therapy compared to those on MDI therapy. Furthermore, a strong pipeline of goods in development and under review contributes to market growth. Medtronic, Insulet Corporation, Embecta, and others are among the companies that intend to launch breakthrough solutions in the coming years.
The report will cover the following sections in detail:
Analysis by Product Type
Analysis by Indication
The breakup based on product type includes insulin pumps along with insulin pump supplies and accessories. Insulin patch pumps are superior insulin delivery devices because they are more discrete, smaller, and easier to use than regular insulin pumps. Insulin patch pumps are less expensive than regular insulin pumps, leading to increased demand.
The United States is one of the leading jurisdictions for insulin pump patents, having around 117,000+ patents. The presence of big companies, well-established healthcare infrastructure, and advanced research and development activities contributes to the regional patent landscape significantly.
Among the players with Insulin Pumps patent families, new entrants have been identified, which can be either established companies or startups developing their first technology in the insulin pumps field. Some of the major companies mentioned in this report (a non-exhaustive list) are as follows:
A biotechnology business that was established in 1976 and has its main office in South San Francisco, California, is a pioneer in the creation and production of biopharmaceuticals. The company uses cutting-edge virus filtration technologies to ensure product safety and specializes in the discovery and production of medications for severe medical conditions. Genentech is renowned for its excellent biologics strategies, especially in the fields of neuroscience, immunology, and oncology.
The company has its headquarters in San Diego, California, and was established in 1999. It is a prominent lead...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other companies include Medtronic Minimed Inc., Abbott Diabetes Care Inc., and Bigfoot Biomedical Inc., among others.
The insulin pumps patent report provides information on the intellectual property (IP) position and strategy of key players. This report can help companies and players looking to enter or invest in this field by -
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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