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Market Intel: After A Year Of Partnerships, Insulin Pump Manufacturers Will Face Fierce Competition In 2020

 
• By Marion Webb

The insulin pump market is expected to grow to $5.1bn by 2023, driven by the increasing incidence of diabetes and adoption of next-generation hybrid closed-loop systems, which allow patients and health-care providers to better manage care. This first part of a two-part series highlights the rising competitive landscape of the four major players, Medtronic, Insulet, Tandem Diabetes Care and Valeritas, with insights from endocrinologists. The second part will look at the smaller players, which are gearing up to introduce new products in 2020.

Insulin Pump for Diabetes - Illustration - Vector

The combined insulin pumps market is expected to see double-digit growth, reaching more than $5bn by 2023. Dominated by four major players and several innovative start-ups, the insulin pumps market is highly competitive and undergoing significant change. (Also see "Market Intel: Insulin Pumps Dominate $7bn-Plus Global Infusion Devices Market" - Medtech Insight, 18 May, 2018.)

While 2019 was marked by collaborations, 2020 will be the year of major product launches and heated competition. Three of the four major players Medtronic PLC, Insulet Corp....

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More from Diabetic Care

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• By Marion Webb

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• By Natasha Barrow

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• By Elizabeth Orr

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• By Marion Webb

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