QYResearch: In 2016, global revenue of insulin pump is nearly 1218 M USD
An insulin pump is a medical device used for the administration of insulin in the treatment of diabetes mellitus, also known as continuous subcutaneous insulin infusion therapy. The device configuration may vary depending on design. A traditional pump includes: the pump (including controls, processing module, and batteries); a disposable reservoir for insulin (inside the pump) a disposable infusion set, including a cannula for subcutaneous insertion (under the skin) and a tubing system to interface the insulin reservoir to the cannula.
In the last several years, global market of insulin pump developed smoothly, with an average growth rate of 5.2%. In 2016, global revenue of insulin pump is nearly 1218 M USD; the actual production is about 246 K units.
The global average price of insulin pump is in the decreasing trend, from 5256 USD/Unit in 2011 to 4936 USD/Unit in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of Insulin Pump includes normal and patch pump, and the proportion of normal in 2016 is about 82%.
Insulin pump is widely used to treat Type I diabetes and Type II diabetes. The most proportion of insulin pump is used for Type I diabetes treatment, and the consumption proportion in 2016 is about 81%.
North America region is the largest supplier of insulin pump, with a production market share nearly 65% in 2016. Europe is the second largest supplier of insulin pump, enjoying production market share nearly 19% in 2016.
North America is the largest consumption place, with a consumption market share nearly 34% in 2016. Following North America, Europe is the second largest consumption place with the consumption market share of 24% in 2016.
Market competition is intense. Medtronic, Johnson & Johnson, Roche, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
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