Diabetes is a disease in which the pancreas is not able to produce
enough insulin or when the body cannot use the insulin effectively. Insulin is
the hormone responsible for the glucose absorption into the cells. The symptoms
of diabetes are blurred vision, unusual thirst, increased hunger, frequent
urination, rapid weight loss, and tingling sensation. Diabetes if not treated
on time can cause complications such as heart attack, foot ulcers, vision loss,
stroke, leg amputation, nerve damage, kidney failure and damage to the eyes or
even death. There are three types of diabetes, namely, type 1, type 2 and
gestational diabetes. In type 1 diabetes the body cannot produce enough insulin
whereas in type 2, body cannot use the produced insulin. In gestational
diabetes is seen in some women when they are pregnant. The risk factors for
diabetes are physical inactiveness, have depression, high blood pressure,
obesity, and family history of diabetes. Furthermore to control diabetes
insulin is required. Insulin is released by the beta cells in response to the
high blood glucose levels. Insulin thus allows maintenance of blood glucose
level in optimum range. In type 1 diabetes the body no longer produces enough
insulin as beta cells are destroyed.
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The insulin pump is a portable computerized device that helps in
controlling diabetes. This pump releases insulin through a catheter into the
body. Moreover, the user can adjust the amount of insulin delivered by this
pump. Insulin pump consists of a main pump unit and infusion set. The main pump
unit contains an insulin reservoir which has 176 to 300 units of insulin. The
main pump is worn on the outside of the body. The main pump contains a tube
which is made of plastic. This tube is connected to the insulin reservoir.
Furthermore, infusions sets are made of steel or Teflon and are attached to the
skin. For using an insulin pump, a hands-on training is required. The pumps
deliver insulin in two ways. In the first way, the insulin is delivered as
continuous dose. In the second way, insulin is delivered as a surge. Insulin
pumps are used to deliver short or rapid acting insulin 24 hours a day. Insulin
pumps are able to deliver insulin more accurately as compared to injections.
While using insulin pump there are lesser hypoglycemic events and insulin pump
offers better HbA1c control. Insulin pump reduces fluctuations in blood
glucose, offers more flexibility with food and exercise. There are four types
of insulin pumps, namely, patch pump, closed loop insulin pump, tethered pump
and implanted insulin pump.
The major factor responsible for the growth of insulin pump market is
rising prevalence of diabetes. According to IDF, in 2015, diabetes affected 415
million people worldwide. This number is expected to reach up to 642 million by
2040. Moreover, development of artificial pancreas will also facilitate the
growth of this market. For instance, in October 2016, FDA approved first
artificial pancreas. Medtronic’s MiniMed 670G is an artificial pancreas which
monitors blood glucose level automatically. It measures blood glucose levels
every 5 minutes. Furthermore, growing insulin delivering devices will also fuel
the growth of this market. However, high cost of the insulin pumps can impede
the growth of this market. Furthermore, dearth of skilled professional for
appropriate handling of insulin pump further restricts the growth of this
market. Moreover, presently research on oral insulin is going on which can
hamper the growth of insulin pump market.
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The key strategy followed by the major market players in the insulin
pump market is product launch in order to become a pioneer in the market and
gain more share. For instance, in July 2015, UNIFLIFE CORPORATION launched
Imperium, which is an instant patch pump for insulin. It is a disposable and
prefilled wearable insulin pump which is used for continuous subcutaneous
insulin infusion. By the launch of Imperium, UNILIFE CORPORATION will become a
pioneer in the market and gain more share. The major players in the insulin
pump market are SOOIL Development Co., Ltd., Cellnovo Limited, F. Hoffmann
La-Roche Ltd., Tandem Diabetes Care, Inc., Insulet Corporation, Medtronic,
Inc., and Animas Corporation.
Reasons
to Buy This Report
·
Global Advanced Insulin Pump Market size
& forecast by product & application.
·
Growth drivers, pitfalls & industry
challenges.
·
Key Advanced Insulin Pump Market growth
opportunities & emerging business models.
·
Competitive benchmarking with market
share analysis and company profiles.
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