TechNavio recognizes the following companies as the key players in the Global Insulin Pumps Market: Animas Corp., F. Hoffmann La Roche Ltd., Insulet Corp., and Medtronic Inc.
Commenting on the report, an analyst from TechNavio’s team said: “Electronic insulin pumps are fast becoming popular, effective, and preferred over traditional treatment methods for diabetes. As insulin pumps have recently come into prominence, new generations are beginning to see insulin pumps as a normal, conventional, and overall easier way to treat diabetes and are gaining patient acceptance. The pump allows blood sugar calculations to be done electronically and automatically, and presents less of a concern over constantly monitoring with a handheld device. In addition, the pump allows the user to eat and sleep comfortably because of its regulatory features. Thus, the use of insulin pumps has certainly made life easier for those using them.”
According to the report, one of the main drivers in this market is the increase in the diabetic population globally. Various factors responsible for diabetes include smoking, alcohol, obesity, and hypertension. The increase in the prevalence of diabetes and the high market potential of diabetes products has encouraged various companies to explore the Global Insulin Pumps market.
Further, the report states that one of the major challenges faced by the market is the increase in the use of CAM. CAMs are cheaper alternatives to conventional medical care and their use is gaining prominence across the world.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-insulin-pumps-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Global Insulin Pumps Market 2014-2018
