TUBELESS INSULIN PUMP MARKET ANALYSIS

Regional Analysis

On the basis of geography, North America is expected to dominate the tubeless insulin pump market, followed by Europe, owing to high adoption rate for new technology and continuous government initiatives to create awareness regarding diabetes. For instance, in 2016, the American Diabetes Association (ADA) recommended diabetes education, training on the device, and providing support after prescription of Continuous Glucose Monitoring (CGM) and insulin pump. Market in Asia Pacific is lucrative in terms of market opportunities due to increase in research and development activities by various vendors and implementation of government initiatives for diabetic patients. For instance, in 2017, National Diabetes Services Scheme (NDSS) initiated by Australian Government funded Insulin Pump Programme to increase the affordability of insulin pumps to for people suffering from type 1 diabetes who don’t have access to private health insurance.