Global Insulin Patch Pump Market Top Leading Players with Strategies and Forecast 2022-2028

The global insulin patch pump market is anticipated to grow at a CAGR of nearly 11.0% during the forecast period (2022-2028). This pump is defined as a device that is are generally smaller than traditional pumps, which is attached directly to the skin, and usually have a cannula that goes directly from the device to the skin with no tubing. Insulin patch pumps can deliver basal insulin, bolus insulin, or both. The adhesive present on insulin patch pump does not require any infusion set and tubing for attaching the pump to the body. This makes the process of taking up insulin quite convenient for the patients. Thus, the convenience offered by insulin patch pumps is one of the prime drivers of the global insulin patch pump market.

The market growth is also attributed to a large population base across the globe suffering from diabetes that require a convenient solution such as insulin patch pump. For instance, as per the International Diabetes Federation, the global diabetic population is expected to reach 700 million by 2045, which includes a significant number of older people. According to the United Nations report, in 2018, the global population aged 65 or above outnumbered children under 5. The population aged 80 years or over is projected to reach 426 million by 2050 from 143 million in 2019. These rising numbers of affected population demands insulin patch pump, which is likely to boost their demand in the future years.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Delivery Mode
o By Type
o By Distribution Channel

• Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape: F. Hoffman La-Roche AG, Medtronic plc, and Insulet Corp., among others.

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

A full report of Global Insulin Patch Pump Market is available at:
https://orionmarketreports.com/global-insulin-patch-pump-market/97234/

Global Insulin Patch Pump Market Report by Segment

By Delivery Mode
• Basal
• Bolus
• Basal-Bolus

By Type
• Disposable
• Reusable

By Distribution Channel
• Hospitals
• Retail Pharmacies
• Online Pharmacies
• Others

Global Insulin Patch Pump Market Report by Region
North America
• US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World
• Latin America
• Middle East and Africa

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This release was published on openPR.