Insulin Pump Sensor Market Insulin pump sensor market, size, share, market intelligence, company profiles, market trends, strategy, research report, analysis, forecast 2018-2023
https://www.omrglobal.com/industry-reports/insulin-pump-sensor-market/
Insulin pump is used for the administration of insulin in the treatment of diabetes mellitus. In Insulin pumps, sensor is used to obtain interstitial glucose values. The major factors that contribute s in the growth of the market are increasing incidence of diabetes, d emand for non-invasive glucose monitoring and FDA clearance to n ew products. Further, raising awareness towards diabetes and insulin delivering devices and high demand for wearable insulin pump are estimated to fuel the growth of the market.
However, there are certain challenges that are affecting the growth of the insulin pump sensor market across the globe. High cost of insulin pumps and accuracy & longevity issues in sensors are estimated to be the major constraints in the growth of the market. T echnological advancements & innovations in glucose biosensors and strong pipeline products are developing numerous expansion o pportunities for the growth of the insulin pump sensor market.
Several companies have received FDA approval for the glucos e monitoring system which is expected to increase the demand for glucose sensor across the globe. For instance, in 2018, Medtronic received FDA approval for guardian connect system. This system consists the Guardian Sensor 3 which is a n advanced glucose sensor with 96% low detection rate.
This sensor is inserted into abdomen and can be worn for up to 7 days. Guardian Sensor 3 measures glucose levels from fluid under the skin and sends readings to an app on smartphone. Global insulin pump sensor market is analysed on the basis of the geographical regions that are contributing significantly towards the growth of the market. On the basis of the geography, market is segmented into North America, Europe, Asia Pacific and Rest of the World.
North America is estimated to account for major share in the global insulin pump sensor market owing to increasing incidence of diabetes. Presence of key players such as abbot laboratories and Dexcom are also estimated to the major factor that is backing the growth of the market. Asia Pacific is estimated to be the fastest growing region during the forecast period owing to raising awareness towards diabetes and insulin delivering devices and rising adoption of wearable insulin pump.
For Related Reports: Semiconductors Industry Research
Key players of the insulin pump sensor market across the glo be are Animas Corporation, Becton, Dickinson and Company, Bigfoot Biomedical, Inc., Boston Scientific Corporation, CCS M edical, Dexcom, Inc., Eli Lilly, Gluco-Chaser Inc., Glusense Ltd., Glysens Inc., Insulet Corporation and Medtronic. In order to s ustain in the market, these players adopt different strategies such as merger, acquisition, product launch and so on.
For example: In 2016, Dexcom, Inc. acquired Nintamed, a distribution company with presence in Germany, Switzerland and A ustria. Nintamed has served as Dexcom’s exclusive distributor in these countries for six years. The aim of acquisition is to improve access to leading CGM (continues glucose monitoring) technologies globally.
Research Methodology:
The market study of global insulin pump sensor market is incorporated by extensive primary and secondary research conducted by research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in v arious segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate.
Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research.
It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in t he actual number. Our analysts try to contact as many executives, m anagers, key opinion leaders and industry experts. Primary research brings the authenticity in our reports.
Secondary sources include:
• Financial reports of companies involved in the market • Whitepapers such as research-papers and news blogs • Company websites and their product catalogue.
The Report is intended for researchers in healthcare segment, medical sensor companies in the market, Investing companies, Government Organizations for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, growth opportunity in market, product types. The report will serve as a source for 360-degree analysis of the market t horoughly integrating different models.
THE REPORT COVERS: • Comprehensive research methodology of global insulin pump sensor market • In-depth analysis of macro and micro factors influencing the market guided by key recommendations. • Analysis of regional regulations and other government policies impacting the gl obal insulin pump sensor market • Insights about market determinants which are stimulating the global insulin pu mp sensor market • Detailed and extensive market segments with regional distribution of forecaste d revenues • Extensive profiles and recent developments of market players
For More Update Follow: LinkedIn
CONTACT US Orion Market Research Pvt. Ltd. (OMR Global) 116, Shagun Arcade, Vijay Nagar Square, Indore, Madhya Pradesh India- 452010 +1-646-755-7667 +91-7803040404 info@omrglobal.com www.omrglobal.com/
https://www.omrglobal.com/industry-reports/insulin-pump-sensor-market/