Diabetes' rising prevalence is expected to fuel the growth of the Insulin Pumps. According to the International Diabetes Federation, approximately 463 million people between the ages of 20 and 79 were diagnosed with diabetes in 2019, with the number expected to rise to 700 million by 2045. Furthermore, diabetes was responsible for approximately 4.2 million deaths in 2019 according to the same source. In most countries, the number of people suffering from type 1 diabetes is increasing, and 374 million people are expected to suffer from type 2 diabetes. Furthermore, over 1.1 million children and adolescents have type 1 diabetes. In 2019, around US$ 760 billion dollars were spent by the U.S. government for diabetes as healthcare expenditure.
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