ReportsnReports.com adds report Global Insulin Pumps Market 2014-2018 to its store.Global Insulin Pumps market to grow at a CAGR of 7.78 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increase in the diabetic population. The Global Insulin Pumps market has also been witnessing the increasing preference of insulin pumps over conventional methods. However, the high cost of insulin pump could pose a challenge to the growth of this market.
Electronic insulin pumps are fast becoming popular, effective, and preferred over traditional treatment methods for diabetes. As insulin pumps have recently come into prominence, new generations are beginning to see insulin pumps as a normal, conventional, and overall easier way to treat diabetes and are gaining patient acceptance. The pump allows blood sugar calculations to be done electronically and automatically, and presents less of a concern over constantly monitoring with a handheld device. In addition, the pump allows the user to eat and sleep comfortably because of its regulatory features. Thus, the use of insulin pumps has certainly made life easier for those using them.
According to the report, one of the main drivers in this market is the increase in the diabetic population globally. Various factors responsible for diabetes include smoking, alcohol, obesity, and hypertension. The increase in the prevalence of diabetes and the high market potential of diabetes products has encouraged various companies to explore the Global Insulin Pumps market.
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Further, the report states that one of the major challenges faced by the market is the increase in the use of CAM. CAMs are cheaper alternatives to conventional medical care and their use is gaining prominence across the world.Global Insulin Pumps Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Insulin Pumps market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this market space are Animas Corp., F. Hoffmann La Roche Ltd., Insulet Corp., and Medtronic Inc.
Other vendors mentioned in the report are Sooil Development Co. Ltd., and Tandem Diabetes Care Inc.
Key questions answered in this report:
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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