2014-03-24 03:19:02 - Insulin Pump Market & Forecast - Worldwide Analysis - a new market research report on companiesandmarkets.com
Insulin Pumps are gaining strong acceptance in the market as insulin delivery systems especially for type 1 diabetes patients. Insulin pumps are gaining a lot of attraction in United States and European countries. But due to the high costs of insulin pumps it has still not able to penetrate successfully in emerging markets. If insulin pump cost declines then its market is expected to grow immensely. Number of insulin pump users is expected to grow with single digit CAGR for the period of 2013 to 2018.For the year 2013 United States is having the highest market share of the insulin pump market worldwide. In terms of competitive market share, Medtronic controls a major portion of the insulin pump market globally.
Insulin pump market is valued at more than US$4 billion in 2013. Reimbursement plays an important factor for the growth of insulin pump in any country
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