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The International Diabetes Federation (IDF) reports that in 2020 an astounding 643 million people have diabetes. Moreover, diabetes caused around 4.2 million deaths in 2019 globally. With several people falling prey to lifestyle diseases, diabetes has been termed a giant killer.
Several people with diabetes are injecting themselves with insulin to monitor their blood glucose levels. However, one such treatment solution for diabetes that has gained traction is the insulin pumps that replicate the functioning of the pancreas while allowing greater flexibility for the people in their professional and personal life. According to Fortune Business Insights, the global market size is expected to reach USD 11.86 billion by 2028 while exhibiting an exceptional CAGR of 16.0% between 2021 and 2028.