Market Size of Europe Insulin Infusion Pumps Industry
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 559.05 Million |
| Market Size (2029) | USD 675.26 Million |
| CAGR (2024 - 2029) | 3.85 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Insulin Infusion Pumps Market Analysis
The Europe Insulin Infusion Pumps Market size is estimated at USD 559.05 million in 2024, and is expected to reach USD 675.26 million by 2029, growing at a CAGR of 3.85% during the forecast period (2024-2029).
Over the past few years, Europe has observed a significant rise in its diabetic population, mirroring worldwide trends. Factors such as an aging demographic, shifts in lifestyle choices, and genetic factors have all played a role in the increasing prevalence of diabetes throughout Europe.
This surge affects both type 1 and type 2 diabetes, leading to a greater need for innovative technologies to effectively control the condition. An insulin pump (also known as continuous subcutaneous insulin therapy) is a medical device used for the administration of insulin in the treatment of diabetes. Insulin pumps make it possible to deliver continuous infusion amounts of insulin at regular intervals. This is predicted to result in long-term cost savings relative to multiple daily injections.
A conventional insulin pump includes the pump (including controls, a processing module, and batteries), a disposable reservoir for insulin (inside the pump), and a disposable infusion set, including a cannula for subcutaneous (under the skin) insertion and a tubing system to connect the insulin reservoir to the cannula. The configuration of the device may vary depending on the design. However, the application of infusion pumps across the world is increasing significantly.
