Insulin pump is one of the most effective tools for diabetes management. The people who face challenges on the daily basis like hypoglycemia or hyperglycemia will apply for insulin pump because reimbursement is quite easier in most developed countries. Earlier insulin pump used to be very complex and inconvenient to use but now days, technological and functional aspect of insulin pump has quite improved and become the first choice for the diabetes patients in developed nation. Currently many developing countries like India and China have very low penetration of insulin pump because of affordability (expensive) and lack of awareness.
Insulin pumps are portable automated medical devices that can be connected below the clothes to a belt. Based on the basal and bolus rate of the user, the pump is used to administer regulated doses of insulin within the body at regular intervals to control the increased blood glucose levels. This works by means of a needle and a flexible catheter used to directly inject insulin into the fatty tissue, which is then wrapped and held in place. Insulin pumps help people with type 1 and type 2 diabetes by providing them with consistency in food options and feeding schedules and reducing the number of injection procedures. Global Insulin Pump Market is expected to surpass US$ 16 Billion by the end of year 2025.
The major factors that influence the market growth are; increasing per capita income, increasing healthcare infrastructure, rising diabetes awareness, increasing prevalence of type 1 diabetes, increasing day to day complication in diabetes management, growing awareness regarding diabetes, improving reimbursement policies, insurance coverage, great contribution of non-profit organization, advancement of technology, ease of use, discovery of tiny patch pump, increasing use of insulin pump over traditional methods of managing diabetes, increasing use of less invasive technology etc. insulin pumps are very convenient for people who need multiple daily insulin injections.
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