Insulin Pump Market (By Pump Type: Tethered Pump and Patch Pump; By Accessories: Battery, Insulin Set Insertion Devices, and Insulin Reservoir; By End User: Hospitals, Clinics, Homecare, and Laboratories) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 – 2030

The global insulin pump market size was estimated at USD 4.85 billion in 2022 and is expected to hit USD 13.37 billion by 2030, poised to grow at a CAGR of 13.5% from 2021 to 2030. U.S. insulin pump market was valued at USD 1.7 billion in 2022.

Insulin Pump Market Size 2020 to 2030

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Growth Factors

Insulin pumps are compact computerized drug delivery devices that enables the delivery of the insulin doses in required amount into a diabetic patient. The increased efficiency of the insulin pumps in managing and controlling the diabetes regularly by providing consistent and timely delivery of the insulin doses to the patients has fostered the adoption of the insulin pumps across the globe. The demand for the insulin pumps is primarily driven by the growing prevalence of diabetes among the population. As per the data revealed by the International Diabetes Federation, around 552 million people across the globe are estimated to have diabetes by the year 2030. According to the World Health Organization, diabetes is a major cause of blindness, stroke, and kidney failure. The changing lifestyle of the consumers, shifting consumption pattern, and unhealthy food habits of the people is surging the cases of diabetes among the global population.

The rising awareness regarding the availability of the advanced innovative pumps and its easy availability are the major factors that drives the growth of the global insulin pump market. The rising investments by the market players in the research and innovation of the drug delivery devices has encouraged the development of the insulin pumps that primarily focuses on the convenience of the patients is fueling the market growth. Furthermore, the integration of smart technologies like artificial intelligence in the healthcare sector is propelling the adoption of the automated insulin pumps among the patients. Moreover, rising number of product approvals and various developmental strategies such as partnerships, distribution agreements, and collaborations adopted by the market players is positively influencing the growth of the global insulin pump market.

Insulin Pump Market Share, By Pump Type, 2020 (%)

Pump Type Segment 2020 (%)
Tethered Pump 62%
Patch Pump 38%


Pump Type Insights

Based on the pump type, the tethered pump segment accounted market share of over 62% in 2020 with a CAGR of 9.4% over the forecast period. The increased adoption of the tethered insulin pumps owing to its portability and convenience that allows the patients to carry it in their pockets. Moreover, it can be connected with the handsets and allow easy control along with the monitoring of the blood glucose levels. Hence, these benefits have resulted in the increased demand for the tethered pumps.

Insulin Pump Market Share, By Pump Type, 2020 (%)

On the other hand, the patch pump is estimated to grow at a CAGR of 10% during the forecast period. It is compact and allows remote control, which can also acts as a glues monitor. The patch pumps easy control of the doses and can be conveniently attached to the skin surface that offers convenience to the patients.

Accessories Insights

Based on the accessories, the insulin set insertion devices segment accounted largest revenue share 41% in 2020. This can be attributed to the extensive use of the insertion devices for conveniently attaching the insulin pumps to the skin surface. It provides accurate doses and helps to efficiently manage the blood glucose levels.

On the other hand, cartridges or the reservoir is estimated 9% CAGR during the forecast period. The increasing adoption of the tethered pumps among the patients is fostering the demand for the reservoirs. The reservoirs have a capacity to hold around 300 doses of insulin and it can last up to 3 days. Thus, the segment is expected to grow rapidly in the forthcoming years.

End User Insights

Based on the end user, the hospitals segment dominated the market share of 45% in 2020. This is simply attributed to the increased penetration of hospitals across the globe. The skilled healthcare professionals that can provide assistance to the diabetic patients in effectively curing diabetes has fueled the growth of the segment. The rising government and corporate investments in the advancements of the hospitals is expected to further fuel the growth of the hospitals segment in the near future.

On the other hand, the homecare is estimated to grow at a CAGR of 9.2% during the forecast period. The rising healthcare expenditure, increased awareness regarding the availability of the insulin pumps, and easy availability of the insulin pumps through the online and offline retail pharmacies is fostering the growth of the homecare segment significantly.

Region Insights

Based on region, North America accounted revenue share of over 46% in 2020. The presence of numerous top market players in the region coupled with the increased prevalence of diabetes and increased demand for the innovative drug delivery devices among the population has fostered the growth of the insulin pump market in North America. The increased disposable income and increased health consciousness has triggered the adoption of the insulin pumps among the population and the region is projected to retain its dominant position throughout the forecast period.

On the other hand, Asia Pacific is estimated to be the most opportunistic segment during the forecast period. Asia Pacific is home to around 4.4 billion people and the changing consumption pattern and unhealthy food habits of the consumers is resulting in a surge in the diabetic population. Moreover, growing health awareness, rising penetration of the retail pharmacies, and rising consumer expenditure on the healthcare in the region is expected to drive the growth of the insulin pump market in Asia Pacific in the foreseeable future.

Key Companies & Market Share Insights

The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing.

In September 2020, Medtronic acquired the FDA approval for its insulin product MiniMed 770G, installed with the Medtronic’s SmartGuard Technology. It can be easily connected to a smartphone and can be modulated to serve children too.

The various developmental strategies like new product launches, acquisition, partnerships, and mergers fosters market growth and offers lucrative growth opportunities to the market players.

Insulin Pump Market Companies

  • Medtronic Plc
  • Insulet Corporation
  • Medzer
  • Microport Scientific
  • Eoflow
  • Debiotech S.A.
  • Lenomed Medical
  • Microtech Medical
  • Cequr SA
  • F. Hoffmann La Roche AG
  • Ypsomed AG
  • Zealand Pharma
  • Terumo Corporation
  • Vicentra B.V.

Segments Covered in the Report

By Pump Type

  • Tethered Pump
  • Patch Pump
  • Implanted Insulin Pump
  • Closed Loop Insulin Pump

By Product

  • MiniMed (630G, 670G, and VEO)
  • Accu-Chek (Combo, Insight, and Solo)
  • Tandem (T: slim X2, G4, T: flex Delivery System)
  • Omnipod
  • My life omnipod
  • Others

By Application

  • Battery
  • Insulin Set Insertion Devices
  • Insulin Reservoir

By Disease Indication

  • Type 1 Diabetes
  • Type 2 Diabetes

By End User

  • Hospitals
  • Clinics
  • Homecare
  • Laboratories

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Frequently Asked Questions

What is the current size of insulin pump market?
According to Precedence Research, the global insulin pump market size was reached at US$ 3.8 billion in 2020 and is predicted to surpass US$ 13.37 billion by 2030.
What will be the CAGR of insulin pump market?
The global insulin pump market is growing at a CAGR of 13.5% from 2021 to 2030.
Who are the major players operating in the insulin pump market?
The major players operating in the insulin pump market are Medtronic Plc, Insulet Corporation, Medzer, Microport Scientific, Eoflow, Debiotech S.A., Lenomed Medical, Microtech Medical, Cequr SA.
Which are the driving factors of the insulin pump market?
The global insulin pump market is driven by various factors such as rising prevalence of diabetes among the population, rising consumer expenditure on healthcare, rising demand for innovative drug delivery devices, and constant investments in the development of innovative and convenient drug delivery solutions.
Which region will lead the global insulin pump market?
The North America region accounted revenue share of over 46% in 2020 and will lead the global insulin pump market.


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