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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
India Insulin Pumps Market Outlook
The India insulin pumps market size reached a value of USD 14.66 million in 2023. The Indian insulin pumps market is expected to grow at a CAGR of 9.3% during the forecast period of 2024-2032, to reach a value of USD 32.51 million by 2032.
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India Insulin Pumps Market Analysis
Insulin is transferred into the body quickly with the help of a thin tube from a small, computerised device which is known as an insulin pump, to help in regulating blood sugar levels. Insulin pumps are expensive but also very accurate and precise, which is why they are considered more than injections. The rising awareness about the uses and benefits of the product is aiding the India insulin pumps market growth. They are generally used by type 1 diabetic patients which are also called insulin-dependent diabetes and less commonly used by type 2 diabetic patients. An insulin pump lasts for about two to four weeks.
- Reduction in the use of regular injections by replacing them with the use of insulin pumps is a key trend in the market. Accuracy provided with the insulin pumps helps in managing blood sugar levels better, allowing an individual to live a more flexible life. Also, there are fewer needle pricks through insulin pumps when compared to the injections during diabetes as instead of taking shots multiple times a day, pumps would allow to take a single shot every two to three days. Also, insulin pumps will be temporary, and one can switch to another insulin management method anytime.
- Technological advancements in the market such as the development of insulin pumps that connect through smartphones with the help of Bluetooth are key trends. Apps are created that help individuals to continuously monitor their blood sugar levels and insulin levels wherever they are. Smarter devices are also developing continuously, aiding the India insulin pumps market development.
- Insulin pumps, despite their precision are very costly and cannot be afforded by every citizen in the country. Patients in need of these pumps are in abundance and are vulnerable so they are ready to pay any price to get access to convenient modes of diabetes management. This offers opportunities to the market for lower cost insulin pumps.
- The government is taking steps to spread awareness about these treatment methods to more and more individuals through posters, advertisements, and doctors for diabetes care. A lot of organisations, both government and private, are also travelling to rural areas and helping people know about these new developments. These methods are contributing to the growth of the market.
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India Insulin Pumps Market Segmentations
Market Breakup by Pump Type
- Tethered Insulin Pumps
- Patch Insulin Pumps
Market Breakup by Product Type
- Standalone Insulin Pumps
- Sensor Integrated Insulin Pumps
Market Breakup by Indications
- Type 1 Diabetes
- Type 2 Diabetes
Market Breakup by Age Group
- Adults
- Paediatrics
Market Breakup by End User
- Hospitals
- Clinics
- Homecare Settings
- Others
Market Breakup by Distribution Channel
- Hospitals Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Others
Market Breakup by Region
- North
- West
- South
- East
India Insulin Pumps Market Share by Region
Southern India holds a significant section of the India insulin pumps market, with the presence of high general awareness, and growing cases of diabetes. There is greater penetration of affordable insulin pumps made in India, that are significantly lower in cost than imported alternatives. West India has been developing advanced technology pumps to be used with convenience from the comfort of their homes. There is also a strong presence of key players such as Medtronic which is located in Mumbai, Maharashtra.
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Competitive Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Medtronic
- Johnson & Johnson
- Insulet Corporation
- Roche Diabetes Care
- F. Hoffmann-La Roche Ltd
- AgVa Healthcare
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Pump Type |
|
| Breakup by Product Type |
|
| Breakup by Indications |
|
| Breakup by Age Group |
|
| Breakup by End User |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
India Insulin Pumps Market Report Snapshots
India Insulin Pumps Market Size
*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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Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 14.66 billion.
The market is projected to grow at a CAGR of 9.3% during the forecast period of 2024-2032 to attain a value of USD 32.51 million by 2032.
The rising general awareness about the uses of insulin pumps and the growing cases of diabetes are the key drivers for the market.
Key players across the region are working on developing advanced technology pumps, which acts as a key driver for the market.
Based on pump type, the market can be divided into tethered insulin pumps and patch insulin pumps.
The product types in the market include standalone insulin pumps and sensor integrated insulin pumps.
Insulin pumps are widely used in type 1 and type 2 diabetes.
Insulin pumps are widely used in the age groups of adults and paediatrics.
The end-users include hospitals, clinics, and homecare settings, among others.
The distribution channels include hospitals pharmacies, retail pharmacies, and online pharmacies, among others.
The major regions in the market are North, West, South, and East.
The key players in the market are Medtronic, Johnson & Johnson, Insulet Corporation, Roche Diabetes Care, F. Hoffmann-La Roche Ltd, and AgVa Healthcare.
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