According to a recent report published by Grand View Research Inc., the global insulin patch pumps market size is expected to reach 1.7 billion USD by 2027. An unhealthy lifestyle is leading people to diabetes which is then increasing the demand for insulin patch pumps. This demand is expected to exhibit a CAGR of 10.9% during 2019-2027.
Technological advancements in the design and use of insulin patch pumps are also promoting its usage. Moreover, patch pumps are easy to use and more convenient than traditional insulin pumps. Also, insulin patch pumps are more affordable than the usual insulin pumps. Key market players are using the latest technologies to come up with user-friendly insulin solutions which in turn is boosting the insulin patch pumps market.
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Insulin Patch Pumps Market Report Highlights
• In 2019, North America dominated the insulin patch pumps market. This is due to the availability of major brands in the North American market.
• Asia Pacific market is expected to be the fastest growing insulin patch pumps market due to the increasing diabetic population coupled with rising awareness about its prevention methods.
• The reusable patch segment is dominating the products segment of the insulin patch pumps market.
Key market players like CeQur and Johnson & Johnson are using merger and acquisition techniques to expand.
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Insulin Patch Pumps Market Segmentation
Grand View Research has segmented the global insulin patch pumps market on the basis of delivery mode, product type, distribution channel, and region:
Insulin Patch Pumps Delivery Mode Outlook (Volume Units; Revenue USD Million, 2016 – 2027)
• Basal & Bolus
Insulin Patch Pumps Product Type Outlook (Volume Units; Revenue, USD Million, 2016 – 2027)
Insulin Patch Pumps Distribution Channel Outlook (Volume Units; Revenue USD Million, 2016 – 2027)
• Retail Pharmacies
• Private Clinics
• Online Pharmacies
Insulin Patch Pumps Regional Outlook (Volume Units; Revenue, USD Million, 2016 – 2027)
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
• Saudi Arabia
• South Africa
List of Key Players of Insulin Patch Pumps Market:
• Medtronic Plc
• Roche Diagnostics
• Cellnovo Ltd.
• Insulet Corporation
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Browse More Related Report:
Insulin Pump Market Size, Share & Trends Analysis Report By Product (MiniMed, Accu-Check, Tandem, Omnipod), By Type (Patch, Tethered), By Accessories, By End Use, By Region, And Segment Forecast 2019 – 2026
About Grand View Research
Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.
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