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Top News: Insulin Pump Market Size & Share to Surpass $ 10.18 Billion by 2028 | Vantage Market Research

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WASHINGTON, Dec. 19, 2022 (GLOBE NEWSWIRE) — The Global Insulin Pump Market is valued at USD 4.20 Billion in 2021 and is projected to reach a value of USD 10.18 Billion by 2028 at a CAGR (Compound Annual Growth Rate) of 15.90% over the forecast period 2022-2028.

One of the most significant economic areas is the insulin pump business, and consistent expansion is projected going forward. Despite the industry’s turmoil, numerous things could affect its development or demise. This study assesses both the current trends and the anticipated future changes to provide a full insight of the sector. Additionally, it provides details on the significant industry players and their expansion strategies.

The report provides a thorough analysis of international producers and suppliers and their current situation and future prospects. It also details the global drivers of the demand for insulin pump, including rising investment requirements, developing technology, and new laws.

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Insulin Pump Market Overview

According to Vantage Market Research, some of the key factors anticipated acceleratingthe insulin pump market growth over the forecast period. The popularity of insulin pumps over conventional techniques is increasing, and technical developments are two of the factors impacting the market growth. The rising obesity prevalence, rising senior population and rising diabetes incidence are mostly to be responsible for the market’s expansion.

We forecast that the tethered pumps category in the insulin pump market sales will account for more than 43% of total sales by 2028. Expandable tubing connects the pump to the catheter on tethered pumps. The dependability of these conventional pumps and the variety of products in the market are primarily contributing to the segment’s huge market size.

Insulin Pump Market Dynamics

Increasing Advancement in Technology to Boost Market Growth

Technology advances are among the elements impacting the market growth. The increasing adoption of innovative technology by the healthcare industry for increased operational efficiency may be one of the primary causes of the market’s fierce competition. Implementing automatic insulin pumps among patients is being accelerated by advanced intelligent techniques such as artificial intelligence in the healthcare industry.

Increasing Government initiatives to Drive the Market Growth

The market is expanding due to rising government initiatives to raise knowledge of healthcare laws and diabetes management worldwide. Additionally, there has been an increase in healthcare spending and the need for enhanced, inconspicuous, user-friendly tubeless insulin pumps. During the anticipated time frame, this is anticipated to fuel market expansion.

Top Players in the Global Insulin Pump Market

  • Medtronic plc
  • Hoffmann-La Roche Ltd
  • Tandem Diabetic Care, Inc
  • Insulet Corporation
  • Ypsomed
  • Cellenovo
  • Sooil Development
  • Valeritas, Inc
  • JingasuDelfu Co., Ltd.

For Additional Information on Insulin Pump Market Players and Detail List, Download a Report PDF Brochure

Top Trends in Global Insulin Pump Market

  • One trend that Vantage Market Research (VMR) expects to see in the insulin pump industry is the growing prevalence of diabetes. One of the causes of death and a condition with a higher likelihood of developing several other health problems, diabetes is becoming more commonplace throughout the world. The market is expanding due to the increase in type 1 diabetes diagnoses.
  • Another trend that VMR predicts will continue in the insulin pump industry is the rapidly burgeoning elderly population. The fast-growing geriatric population contributes to the rising need for insulin pumps. As people age, their immune levels decline, which also contributes to the emergence of diabetes. An important growth driver in the next years may be the growing number of older patients and their choice for self-care at home.

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Top Report Findings

  • Based on type, most of the insulin pump market’s revenue is controlled by the patch pumps category. Tools available online built into patch pumps assist in establishing the precise quantity of insulin patients need. This aids in minimizing the adverse consequences of insulin overdose and other related factors. These elements are likely to help the industry rise during the anticipated term.
  • Based on aircraft type, most of the insulin pump market’s revenue is controlled by minimedcategory. Due to the rapid consumption rate and technological improvement.
  • Based on accessories, most of the insulin pump market’s revenue is controlled by the insulin reservoir or cartridges category. The demand for reservoirs is fueled by patients’ growing usage of anchored pumps. Up to three days’ worth of insulin can be stored in the reservoirs, which have a capacity of about 300 dosages. As a result, the segment is anticipated to have rapid growth in the years to come.
  • Based on end users, most of the insulin pump market’s revenue is controlled by the hospital category. Due to the abundance of qualified medical professionals, rising government financing, and expanding private sector participation in the healthcare industry, the segment’s significant share has been explained.

Top 10 Players Generates More Than 45% of the Global Insulin Pump Market Revenue

The report also found that the largest players in the Insulin Pumpmarket are technology providers such as Medtronic plc; Hoffmann-La Roche Ltd.; Tandem Diabetic Care, Inc.; Insulet Corporation; Ypsomed; Cellenovo; Sooil Development.These companies are expected to benefit from increased demand for their products and services and growing investments in new products. Other major players includeMedtronic plc; Hoffmann-La Roche Ltd.; Tandem Diabetic Care, Inc.; Insulet Corporation; Ypsomed; Cellenovo; Sooil Development; Valeritas, Inc.; JingasuDelfu Co., Ltd.As per latest report published by Vantage Market Research, top 10 companies are responsible for generating more than 45% revenue of the market.

Tethered Pump Category inInsulin Pump Market to Generate Over 30% Revenue

Insulin Pumpare an expensive investment. Vantage Market Research has analyzed the market for Insulin Pump to understand its current state and potential future growth factors. For better understanding, based on the type, the insulin pumpmarketis divided into tethered and patch pumps.

During the forecast period, the market for insulin pumps is anticipated to experience the highest CAGR for the tethered pump category. The tethered industry controls the major share of the global aviation equipment market. Tethered insulin pumps have become more popular because of their portability and convenience, which allow patients to carry them in their pockets.

On the other hand, the patch pump category is anticipated to grow significantly over the upcoming years. Patch pumps are tiny and can be adhered to the top layer of skin directly. The fact that patch pumps don’t require tubing and that their remote control doubles as a blood glucose monitor are crucial in the market’s rapid expansion.

Browse market data Tables and Figures spread through 144 Pages and in-depth TOC on Insulin Pump Market Forecast Report (2022-2028).

Global Insulin Pump Market Segmentation

By Type

  • Patch Pumps
  • Tethered Pumps

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 Accessories

  • Insulin reservoir or cartridges
  • Insulin set insertion devices
  • Battery

By End-use

  • Hospitals & clinics
  • Homecare
  • Laboratories

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis

  • North America region dominates the market, and this trend will continue throughout the projection period due to an increase in the proportion of older adults who are more likely to have diabetes. Additionally, the region’s increased need for insulin pumps is fueled by advancements in its public health system and cutting-edge medical equipment.

Scope of the Report:

Report Attributes Details
Market Size in 2021 USD 4.2 Billion
Revenue Forecast by 2028 USD 10.1 Billion
CAGR 15.9% from 2022 to 2028
Base Year 2021
Forecast Year 2022 to 2028
Key Players Medtronic PLC, Hoffmann-La Roche Ltd., Tandem Diabetic Care Inc., Insulet Corporation, Ypsomed Holdings, Cellenovo Ltd., Sooil Development, Valeritas Inc., JingasuDelfu Co. Ltd.

Customization of the Report:

The report can be customized as per client needs or requirements. For any queries, you can contact us on [email protected] or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

Browse More Reports from Vantage Library:

About Vantage Market Research:

We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies.

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Pearson augments nursing content with generative AI study tools to improve nursing education and address shortages

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HOBOKEN, N.J., May 17, 2024 /PRNewswire/ — Pearson (FTSE: PSON.L), the world’s leading learning company, today announced the integration of AI study tools into its Nursing: A Concept-Based Approach to Learning series, the only nursing concepts curriculum built from the ground up as a comprehensive, cohesive learning system.

Pearson’s AI study tools combine the power of generative AI technology with trusted Pearson content to provide scaffolded, guided help when students are stuck on homework problems, and personalized explanations, summaries, and practice problems for more efficient studying.
“Integrating AI study tools into our concept-based nursing series enhances the learning experience, giving nursing students and nurse educators the resources they need to efficiently study and master course concepts,” said Anne Fahlgren, GM of Pearson’s professional portfolio. “This technology will help more nursing candidates prepare for and enter the workforce, while also giving nurse educators the means to scale their teaching further, addressing major challenges in nursing education and society.”
The AI study tools beta will be available both in Pearson+ eTextbook and the accompanying MyLab Nursing course in time for Fall 2024. MyLab is an interactive teaching and learning platform, backed by content from Pearson authors. The platform, with integrated eTextbook, allows instructors to design their course, assign homework and assessments, and monitor student progress in real time.
The US is experiencing shortages of nurses and nurse educators. The National Academy of Medicine’s 2021 report on The Future of Nursing: 2020-2030 notes that, in order to provide sufficient care for an aging population over the next decade, a substantial increase in the nursing workforce will be needed that can practice “in community-based settings with diverse populations that face a variety of lived experiences.” The NAM’s report also references hundreds of nursing faculty position vacancies that have contributed to tens of thousands of qualified applicants being turned away from nursing school admission due to the inability to adequately meet student demand.
Concept-based nursing curriculum is designed to focus on key concepts emphasizing a holistic understanding of nursing principles that can be applied across different patient populations, healthcare settings, and situations. This approach strengthens clinical reasoning skills in the course of patient care. Incorporating generative AI tools into Pearson’s concept-based nursing content supports nurse educators in scaling their teaching and students’ ability to study more efficiently.
Dr. Michelle Aebersold, University of Michigan School of Nursing Clinical Professor and contributor to Nursing: A Concept-Based Approach to Learning, said “Technological advancements like generative AI are transforming the nursing profession. The ability to adapt in a rapidly changing environment is a critical healthcare skill, whether it’s in the course of patient care or in preparing our future nurses for the workforce. The ability of the AI study tools to provide a more user-centered, customized experience is a huge benefit for our students. I’m glad they will have access to Pearson’s AI tools that accommodate the variety of ways students learn and provide personalized support in the moment students need it most. This is the future of individualized learning.”
A Fall 2023 survey of students using Pearson’s AI study tools beta showed strong levels of engagement, with 75% of respondents saying the tools were helpful or very helpful to their studies.
The inclusion of generative AI study tools further solidifies Pearson’s dedication to providing the most comprehensive and effective learning and teaching resources for nursing students and nurse educators across the US. Pearson’s AI study tools are already available in more than 30 Pearson Mastering titles and are set to be integrated into more than 40 Pearson+ eTextbooks and MyLab and Mastering titles across math, science, business, and nursing for August of 2024.
Pearson is committed to investing in the responsible application of AI to advance product innovation and enhance the learning experience to educate, certify, and credential students and the workforce.
Pearson product experts are available to demo the AI study tools for members of the media. Please request demonstrations with the media contact below.
About Pearson
At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our c. 18,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading learning company, serving customers in nearly 200 countries with digital content, assessments, qualifications, and data. For us, learning isn’t just what we do. It’s who we are. Visit us at pearsonplc.com.
Media [email protected]
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Brainomix Achieves Breakthrough with FDA Clearance of e-Lung AI Software

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Established market leader in stroke AI imaging receives its first FDA clearance in the lung imaging space.With this expanded foundation of AI-driven healthcare solutions, the Oxford-based company remains committed to driving innovation and delivering impactful advancements in imaging biomarkers.OXFORD, England, and CHICAGO, May 17, 2024 /PRNewswire/ — Brainomix, a pioneer in artificial intelligence (AI) imaging solutions to enable precision medicine, is proud to announce the FDA clearance of its latest product, Brainomix 360 e-Lung. Brainomix’s entry into the lung imaging space follows a series of successful clearances and widespread clinical adoption of its Brainomix 360 Stroke platform in both the US and Europe.

The clearance of e-Lung marks a significant milestone in Brainomix’s journey to expand its footprint in medical imaging beyond stroke-related applications and represents a notable step forward in the quest for advanced lung imaging solutions. The company, with its rich academic heritage and record of scientific excellence, will expand its research collaborations in the pulmonology space to yield new insights to inform future iterations of e-Lung and chart a path towards continual improvements for the lung imaging technology.
Dr Deji Adegunsoye, Assistant Professor of Medicine and Scientific Director of the Interstitial Lung Disease Program at University of Chicago Medicine, said: “This is an exciting step for Brainomix, who have a demonstrated track record of developing novel AI-based solutions in stroke and are now applying that expertise to develop innovative tools in the lung space. The preliminary data for e-Lung is impressive and would indicate that we have a promising tool that could help to expedite healthcare delivery and improve clinically meaningful outcomes for patients with lung disease.”
Brainomix recently announced the publication of a new study1 in the prestigious peer-reviewed journal American Journal of Respiratory and Critical Care Medicine (AJRCCM), resulting from a research collaboration with AstraZeneca. The results showed that Brainomix’s proprietary lung imaging biomarkers, which include the weighted reticulovascular score (WRVS), stratified patients at risk of Idiopathic Pulmonary Fibrosis (IPF) progression, outperforming standard measures.
Dr Michalis Papadakis, CEO and Co-Founder of Brainomix, said: “We are harnessing our expertise in AI-powered imaging to develop novel biomarkers in other disease indications where AI can support imaging-based diagnostic and treatment decisions.
“This e-Lung FDA clearance reflects our focus on developing innovative solutions that empower healthcare professionals with cutting-edge tools for sophisticated disease evaluation, enhancing access to treatments that can ultimately work to improve patient outcomes.”
Brainomix will be presenting its latest e-Lung data at the American Thoracic Society (ATS) annual conference in San Diego May 17th – 22nd, including results from research collaborations with Heidelberg University and with Seattle-based Avalyn Pharma.
Am. J. Respir. Crit. Care Med.: 2024 Feb 16 – e-Lung CT Biomarker Stratifies Patients at Risk of IPF Progression in a 52-Week Clinical Trialhttps://www.atsjournals.org/doi/abs/10.1164/rccm.202312-2274LEAbout Brainomix
Brainomix specializes in the creation of AI-powered software solutions to enable precision medicine for better treatment decisions in stroke and lung fibrosis. With origins as a spin-out from the University of Oxford, Brainomix is an expanding commercial-stage company with offices in the UK, Ireland and the USA, and operations in more than 30 countries. A private company, backed by leading healthtech investors, Brainomix has innovated award-winning imaging biomarkers and software solutions that have been clinically adopted in hundreds of hospitals worldwide. Its first product, the Brainomix 360 stroke platform, provides clinicians with the most comprehensive stroke imaging solution, driving increased treatment rates and improving functional independence for patients.
To learn more about Brainomix and its technology visit www.brainomix.com, and follow us on Twitter, LinkedIn and Facebook.
Contacts
Jeff Wyrtzen, Chief Marketing & Business Development [email protected] +44 (0)7927 164210T +44 (0)1865 582730
Media enquiries
Charles ConsultantsSue [email protected] M +44 (0)7968 726585
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CUBE acquires global regulatory intelligence businesses from Thomson Reuters

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LONDON, May 17, 2024 /PRNewswire/ — CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces today its acquisition of the Thomson Reuters Regulatory Intelligence and Oden products and businesses.

The acquisition of these global businesses represents a major step forward in CUBE’s growth plans. It will deliver significant scale across many of the world’s leading and systemically important financial institutions. CUBE’s existing global customer base will be expanded to total approximately 1,000 customers in banking, insurance, asset and investment management, payments and adjacent regulated industries.
CUBE’s global employees will expand to 600, of which close to 250 are highly qualified regulatory subject matter experts, legal and compliance professionals.
Ben Richmond, founder and CEO of CUBE said: “Thomson Reuters is known to be the biggest and best in the industry for providing regulatory expert analysis and subject matter expertise, alongside world-leading journalism and news. The combination of CUBE’s purpose-built AI, with the years of content curated by Thomson Reuters Regulatory Intelligence and Oden expert analysts, will accelerate innovation. Together, we will deliver regulatory transformation capabilities for our global customers that could only have been imagined before.”
Richmond continues: “This combination will provide tremendous scale and depth across CUBE’s regulatory content and technology. It is a significant step toward creating an industry-defining regulatory compliance and risk platform that will benefit all customers and elevate the industry as a whole.”
Through this acquisition, CUBE will provide an expanded and comprehensive selection of specialized regulatory intelligence and regulatory change services, committed to excellence, quality, and highly contextualised and meaningful regulatory content for customers. By combining cutting-edge technology and subject matter expertise at scale CUBE will set a new bar for the industry in regulatory automation and content.
Chris Maguire, General Manager, Risk and Fraud, Corporates, Thomson Reuters said: “It was clear to us that CUBE had established itself as a leading regulatory intelligence provider for global enterprise clients in the financial services and insurance sectors. We wanted to ensure our customers and employees could work with an organisation that would continue to innovate and significantly invest in solutions like Thomson Reuters Regulatory Intelligence and Oden. We are working tirelessly to ensure a seamless and value-enhancing transition for customers and employees, and we are looking forward to working with the CUBE team during this transition.” 
Christopher Fielding, Hg, said: “We’re delighted to further extend our market reach, bringing in two high quality and complementary global businesses to the CUBE platform.”
Thomas Martin, Hg, added: “We see these acquisitions as enabling further innovation in the regulatory intelligence and change management sector, leading to strengthened demand for these quality solutions across the globe.”
The terms of the transaction will not be disclosed.
About CUBE
CUBE provides a highly comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. CUBE’s purpose-built regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.
With operations across Europe, North America, Canada, Asia, and Australia, CUBE serves a diverse and global base of customers and partners including the largest financial institutions in the world who leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes.
Following the strategic partnership with Hg in March 2024, CUBE announced the acquisition of US-based Reg-Room in May 2024.
About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.
This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with over 110,000 employees, consistently growing revenues at more than 20%.
About Regulatory Intelligence
Regulatory Intelligence is a proactive, connected, and comprehensive solution that tracks and analyses regulatory changes within ~2,000 regulatory bodies and rulebooks for more than 20 countries. It enables banking, financial services, and insurance (BFSI) sectors to manage exposure to operational, regulatory, and compliance risk.
About Oden
Oden State Rules and Regulations (SR&R), Oden Policy Terminator/Sentry PT, and OdenTrack provide repositories and automated solutions for complying with state rules and regulations on the provisioning of Personal and Business Insurance in the US.

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