Insulin Pump Market 2030: Mergers and Acquisitions Shaping Industry Dynamics
Insulin Pump Market Growth & Trends The global insulin pump market size is expected to reach USD 10.57 billion by 2030, registering a CAGR of 8.22% from 2024 to 2030, according to a new report by Grand View Research, Inc. The key factors driving the growth of the market are the technological advancements and the adoption of pumps over traditional methods. These pumps are very convenient for people who require daily multiple injections of insulin. Insulin pump is a machine that enables insulin to be delivered either manually or automatically. These pumps can be programmed to deliver a specific set of doses and can also deliver a larger set of doses of glucose whenever required, such as before a meal. Patients can connect these devices to their smartphones to calibrate blood glucose readings. Technological advancement and new product launches across the globe are also fueling the market during the forecast period. For instance, Medtronic’s MiniMed 670G system is the ...