Insulin pump is used for the administration of insulin in the treatment of diabetes mellitus. In Insulin pumps, sensor is used to obtain interstitial glucose values. The major factors that contributes in the growth of the market are increasing incidence of diabetes, demand for non-invasive glucose monitoring and FDA clearance to new products. Further, raising awareness towards diabetes and insulin delivering devices and high demand for wearable insulin pump are estimated to fuel the growth of the market. However, there are certain challenges that are affecting the growth of the insulin pump sensor market across the globe. High cost of insulin pumps and accuracy & longevity issues in sensors are estimated to be the major constraints in the growth of the market. Technological advancements & innovations in glucose biosensors and strong pipeline products are developing numerous expansion opportunities for the growth of the insulin pump sensor market.

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Several companies have received FDA approval for the glucose monitoring system which is expected to increase the demand for glucose sensor across the globe. For instance, in 2018, Medtronic received FDA approval for guardian connect system. This system consists the Guardian Sensor 3 which is an advanced glucose sensor with 96% low detection rate. This sensor is inserted into abdomen and can be worn for up to 7 days. Guardian Sensor 3 measures glucose levels from fluid under the skin and sends readings to an app on smartphone.
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Global Insulin Pump Sensor Market Segmentation
By type
Invasive glucose sensor
Non-invasive glucose sensor
By transducer classes
Electrochemical biosensor
Optical biosensor
Thermometric biosensor
Piezoelectric biosensor
Magnetic biosensor
By end user
Homecare
Hospitals and clinics
Diagnostic center
Other
Competitive landscape
Key company analysis
Key strategic analysis
Regional analysis
North american
United states
Canada
Europe
U.k
Germany
Italy
Spain
France
Roe
Asia pacific
India
China
Japan
Roapac
Rest of the world
Company profiles
Abbott laboratories
Animas corporation
Becton, dickinson and company
Bigfoot biomedical, inc.
Boston scientific corporation
Ccs medical
Dexcom, inc.
Eli lilly
Gluco-chaser inc.
Glusense ltd.
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