April 25, 2024

Tubeless Insulin Pump Market Size to Cross USD 11.93 Bn by 2033

The global tubeless insulin pump market size surpassed USD 2.05 billion in 2023 and is projected to hit around USD 11.93 billion by 2033, growing at a CAGR of 19.25% from 2024 to 2033.

Key Points

  • North America held the largest market share of 55% in 2023.
  • Asia Pacific is expected to grow at the fastest rate during the forecast period.
  • By type, the insulin patch pump segment accounted for the dominating share in 2023. The segment is observed to continue growth at a significant rate in the upcoming period.
  • By component, the pod or patch segment held the largest share of the market in 2023.
  • By end users, the hospitals segment held the largest share of the market in 2023.

Tubeless Insulin Pump Market Size 2024 to 2033

The tubeless insulin pump market is experiencing significant growth due to the rising prevalence of diabetes worldwide. Tubeless insulin pumps, also known as patch pumps, offer a convenient and discreet alternative to traditional insulin delivery methods, such as injections or tubed pumps. These devices are designed to continuously deliver insulin to individuals with diabetes, helping them manage their blood sugar levels effectively. With advancements in technology and increasing demand for user-friendly diabetes management solutions, the tubeless insulin pump market is poised for substantial expansion in the coming years.

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Growth Factors

Several factors are driving the growth of the tubeless insulin pump market. Firstly, the increasing incidence of diabetes globally is a primary growth driver. According to the International Diabetes Federation (IDF), the number of people living with diabetes is expected to rise to 700 million by 2045. As a result, there is a growing need for innovative insulin delivery systems that offer improved convenience and flexibility to patients.

Additionally, technological advancements in tubeless insulin pump devices are fueling market growth. Manufacturers are continuously investing in research and development to enhance the performance, accuracy, and usability of these pumps. Newer models are equipped with features such as smartphone connectivity, automated insulin delivery algorithms, and remote monitoring capabilities, which appeal to both patients and healthcare providers.

Furthermore, increasing awareness about the benefits of continuous glucose monitoring (CGM) systems, which can be integrated with tubeless insulin pumps, is contributing to market growth. CGM systems provide real-time glucose monitoring, allowing users to make timely adjustments to their insulin therapy regimen. The integration of CGM technology with tubeless insulin pumps offers greater convenience and precision in diabetes management, driving adoption among patients.

Tubeless Insulin Pump Market Scope

Report CoverageDetails
Growth Rate from 2024 to 2033CAGR of 19.25%
Global Market Size in 2023USD 2.05 Billion
Global Market Size by 2033USD 11.93 Billion
U.S. Market Size in 2023USD 790 Million
U.S. Market Size by 2033USD 4,590 Million
Base Year2023
Forecast Period2024 to 2033
Segments CoveredBy Type, By Component, and By End-users
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Tubeless Insulin Pump Market Dynamics

Drivers:

One of the key drivers of the tubeless insulin pump market is the growing preference for non-invasive insulin delivery methods. Many individuals with diabetes find traditional insulin injections cumbersome and uncomfortable. Tubeless insulin pumps eliminate the need for frequent injections, offering a more discreet and pain-free alternative. This factor is particularly appealing to children, adolescents, and individuals with needle phobia, leading to increased adoption of tubeless insulin pump therapy.

Moreover, the convenience and flexibility offered by tubeless insulin pumps contribute to improved patient adherence to insulin therapy. These devices allow users to administer insulin discreetly, without the hassle of tubing or multiple daily injections. The freedom to wear the pump discreetly under clothing and engage in various activities without interference enhances the quality of life for individuals with diabetes, driving demand for tubeless insulin pumps.

Another driver of market growth is the expanding geriatric population worldwide. Older adults are more susceptible to diabetes and often require insulin therapy to manage their condition. Tubeless insulin pumps offer a user-friendly solution for elderly patients, enabling them to maintain independence in their daily activities while effectively managing their diabetes. As the global population continues to age, the demand for convenient and accessible diabetes management solutions is expected to increase, driving the adoption of tubeless insulin pumps.

Restraints:

Despite the numerous benefits, the tubeless insulin pump market faces certain restraints that may hinder its growth. One significant challenge is the high cost associated with tubeless insulin pump therapy. These devices are often more expensive than traditional insulin delivery methods, making them inaccessible to some patients, particularly those from low-income backgrounds or regions with limited healthcare resources. The high upfront cost of tubeless insulin pumps, coupled with ongoing expenses for supplies and maintenance, poses a barrier to adoption for many individuals with diabetes.

Additionally, concerns regarding the reliability and accuracy of tubeless insulin pump technology may impede market growth. While advancements have been made to improve the performance of these devices, occasional malfunctions or errors in insulin delivery can occur, potentially putting patients at risk of hyperglycemia or hypoglycemia. Ensuring the safety and efficacy of tubeless insulin pump therapy remains a priority for manufacturers and regulatory authorities to address these concerns and build trust among patients and healthcare providers.

Furthermore, regulatory challenges and reimbursement issues pose significant hurdles for market expansion. The approval process for new tubeless insulin pump devices can be lengthy and costly, delaying their introduction to the market. Additionally, limited reimbursement coverage for tubeless insulin pump therapy in some healthcare systems may deter patients from adopting these devices, especially if they are not able to afford out-of-pocket expenses. Overcoming these regulatory and reimbursement barriers is essential to facilitate broader access to tubeless insulin pump therapy and drive market growth.

Opportunity:

Despite the challenges, the tubeless insulin pump market presents several opportunities for growth and innovation. One promising opportunity lies in the development of personalized insulin delivery systems tailored to individual patient needs. Advancements in wearable sensor technology, artificial intelligence, and data analytics enable the customization of insulin therapy regimens based on real-time glucose monitoring data and predictive algorithms. Personalized insulin delivery systems have the potential to optimize glycemic control, reduce the risk of complications, and improve patient outcomes, driving demand for tubeless insulin pumps in the future.

Moreover, expanding market penetration in emerging economies presents a significant opportunity for manufacturers in the tubeless insulin pump market. With rising disposable incomes, improving healthcare infrastructure, and growing awareness about diabetes management, emerging markets offer untapped potential for the adoption of innovative insulin delivery solutions. By addressing the unique needs and preferences of patients in these regions and offering affordable pricing options, manufacturers can capitalize on the growing demand for tubeless insulin pumps and expand their global footprint.

Furthermore, strategic partnerships and collaborations between device manufacturers, pharmaceutical companies, and healthcare providers can drive innovation and market growth. By leveraging complementary expertise and resources, stakeholders in the tubeless insulin pump ecosystem can accelerate product development, enhance distribution channels, and improve patient access to diabetes care services. Collaborative efforts to educate healthcare professionals and patients about the benefits of tubeless insulin pump therapy can also help overcome barriers to adoption and expand market acceptance.

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Region Insights:

The tubeless insulin pump market exhibits regional variations in terms of adoption rates, regulatory landscape, and healthcare infrastructure. North America currently dominates the market, driven by high diabetes prevalence, advanced healthcare systems, and favorable reimbursement policies. The United States accounts for the largest share of the North American market, owing to the presence of key market players, such as Insulet Corporation and Medtronic, and the growing adoption of tubeless insulin pump therapy among patients.

Europe is another significant market for tubeless insulin pumps, supported by increasing awareness about diabetes management, technological advancements, and government initiatives to promote innovative healthcare solutions. Countries such as Germany, the United Kingdom, and France are key contributors to market growth in Europe, with a growing number of patients opting for tubeless insulin pump therapy as a convenient and effective alternative to traditional insulin delivery methods.

Asia Pacific presents lucrative opportunities for market expansion, driven by the large diabetic population, rising healthcare expenditures, and improving access to healthcare services. Countries such as China, India, and Japan are witnessing growing demand for tubeless insulin pumps, fueled by urbanization, lifestyle changes, and increasing disposable incomes. Moreover, the presence of local manufacturers offering affordable insulin pump solutions tailored to regional preferences further stimulates market growth in Asia Pacific.

Recent Developments

  • In August 2023, the Tubeless insulin pump received FDA clearance for diabetes people. The Accu-Chek Solo micropump (Roche Diabetes) was granted 510(k) clearance from the FDA. Accu-Chek Solo micropump is tubeless, small, and lightweight. Users can place the device on four different infusion sites on the body. The device is detachable, allowing people with diabetes to change the infusion site when necessary.
  • In July 2023, the FDA announced the clearance of Tandem Diabetes Care’s Mobi durable automated insulin pump. The approval covers people with diabetes aged six and above, expanding Tandem’s portfolio of products. Mobi features a 200-unit insulin cartridge and an on-pump button to provide an alternative to phone control for insulin boluses.
  • In February 2024, Omnipod 5 received approval to integrate with the new freestyle libre two plus sensor. The Omnipod 5 hybrid closed loop system has received approval to integrate with the Abbott FreeStyle Libre 2 Plus Sensor in the UK, which will give people living with diabetes additional choice and flexibility for managing their blood sugar levels.
  • In April 2023, Insulet announced FDA clearance of Omnipod GO, a first-of-its-kind basal-only insulin pod for people with type 2 diabetes aged 18 and above. Omnipod GO is a wearable, standalone insulin delivery system that provides a fixed rate of continuous rapid-acting insulin for 72 hours.

Tubeless Insulin Pump Market Companies

  • Medtronic plc
  • Hoffmann-La Roche Ltd
  • Tandem Diabetic Care, Inc.
  • Insulet Corporation
  • Ypsomed
  • Cellenovo
  • Abbott
  • Tandem Diabetes Care
  • Insulet Corporation
  • Sooil Development
  • Valeritas, Inc
  • JingasuDelfu Co., Ltd.
  • Cellnova
  • Roche Holdings
  • Spring Health Solutions
  • Johnson & Johnson
  • Medtrum Technologies
  • Debiotech
  • CeQur
  • Valeritas Holding
  • Animas Corporation

Segments Covered in the Report

By Type

  • Insulin Patch Pump
  • Traditional Pump

By Component

  • Pod or Patch
  • Remote
  • Accessories

By End-users

  • Hospitals
  • Pharmacies
  • E-commerce

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

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