India Insulin Pumps Market Size, Share, Trends, Growth, Analysis, Report, Forecast 2023-2028
According to the report by Expert Market Research (EMR), the India Insulin Pumps Market Share reached a value of USD 13.42 million in 2022. Aided by the escalating prevalence of diabetes and reduction in the use of regular injections, the market is projected to further grow at a CAGR of 9.25% between 2023 and 2031, to reach a value of USD 29.75 million by 2031.
Insulin pumps are small, computerised devices that deliver insulin into the body round the clock. They are used as an alternative to multiple daily insulin injections by people with diabetes, especially Type 1 diabetes. Insulin pumps help to maintain more stable blood glucose levels, reduce the risk of severe hypoglycaemia, and improve lifestyle flexibility, which contributes to better patient health and quality of life.
The primary driver propelling the India insulin pumps market growth is the escalating prevalence of diabetes in the country. With increasing sedentary lifestyles, unhealthy dietary habits, and genetic predispositions, there has been a significant surge in the incidence of diabetes, leading to heightened demand for effective diabetes management devices such as insulin pumps. Furthermore, the trend of adopting advanced healthcare technologies for better disease management has also promoted the use of insulin pumps.
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The applicability of insulin pumps in various diabetes management scenarios is a significant factor contributing to India insulin pumps market growth. In paediatric diabetes management, insulin pumps aid in achieving better glycaemic control and lifestyle flexibility. For adults, insulin pumps help manage work schedules and dietary habits more effectively. Moreover, with recent advances, insulin pumps can now be paired with continuous glucose monitoring systems for automated insulin delivery, enhancing their effectiveness and user-friendliness.
Additionally, the initiatives by the Indian government and healthcare organisations to improve diabetes care have led to an increased focus on advanced technologies like insulin pumps. Various awareness programs are being conducted to educate patients about the benefits of insulin pump therapy, thereby boosting its adoption. Furthermore, the gradual decrease in the cost of insulin pumps and the provision of insurance coverage for these devices have made them more accessible to a larger patient population, driving India insulin pumps market expansion.
Lastly, the ongoing research and development activities aiming to improve the functionalities of insulin pumps are anticipated to further boost the market. The advent of advanced features such as predictive low glucose suspend, auto mode, and Bluetooth connectivity is expected to make these devices even more user-friendly and effective, boosting the India insulin pumps market demand in the future.
The market can be divided based on pump type, product type, indications, age group, end user, distribution channel, and region.
Market Breakup by Pump Type
- Tethered Insulin Pumps
- Patch Insulin Pumps
Market Breakup by Product Type
- Standalone Insulin Pumps
- Sensor Integrated Insulin Pumps
Market Breakup by Indications
- Type 1 Diabetes
- Type 2 Diabetes
Market Breakup by Age Group
Market Breakup by End User
- Homecare Settings
Market Breakup by Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Market Breakup by Region
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the India insulin pumps companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Johnson & Johnson
- Insulet Corporation
- Roche Diabetes Care
- Hoffmann-La Roche Ltd
- AgVa Healthcare
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