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2023 Insulin Patch Pumps Global Market | Insights, Industry Outlook, Growing Trends And Top Key Players Cellnovo, Insulet Corporation, Medtronic PLC, Tandem Diabetes Care Inc., Hoffmann-La-Roche AG
Insulin Patch Pumps Market
As per the Insulin Patch Pumps market report by The Business Research Company, the rising prevalence of diabetes across the globe is expected to drive the growth of the insulin patch pumps market in the forecast period. Diabetes is a major disease around the world, and it is caused due to many reasons by lifestyle and food habits. Insulin patch pumps help in the convenient delivery of insulin directly into the body and many people with diabetes find insulin pumps to be more convenient than insulin injections. The rising prevalence of diabetes leads to a need for insulin patch pumps.
The global insulin patch pumps market size grew from $1.18 billion in 2022 to $1.28 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The insulin patch pumps market size is expected to grow to $1.83 billion in 2027 at a CAGR of 9.3%.
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Major competitors in the Insulin Patch Pumps market include Cellnovo, Insulet Corporation, Medtronic PLC, Tandem Diabetes Care Inc., Hoffmann-La-Roche AG, Cequr SA, Animus Corp., Ypsomed, Abbott Laboratories Inc., Becton, Dickinson and Company, Braun Melsungen AG, Sanofi, Eoflow, Johnson & Johnson, Zealand Pharma, and Debiotech SA.
The Insulin Patch Pumps market is segmented -
• By Type: Traditional Insulin Pumps, Smart Insulin Pump, Disposable Insulin Pumps
• By Mode: Basal, Bolus
• By Pump Type: Tethered Pump, Patch Pump
• By Application: Type 1 Diabetes, Type 2 Diabetes
• By End-User: Hospital, Clicins, Laboratories, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Insulin Patch Pumps market.
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Insulin patch pumps are small, computerized devices with pre-programmed delivery of insulin dosage to a diabetic patient to conveniently manage their blood sugar. An insulin patch pump is often attached to a strap under the garments, in a pocket, on the waist belt, and with an adhesive patch on the stomach or arm of the patient.
The Table Of Content For The Insulin Patch Pumps Market Include:
1. Executive Summary
2. Insulin Patch Pumps Market Characteristics
3. Insulin Patch Pumps Market Trends And Strategies
4. Insulin Patch Pumps Market - Macro Economic Scenario
5. Insulin Patch Pumps Market Size And Growth
……….
28. Key Mergers And Acquisitions In The Insulin Patch Pumps Market
29. Insulin Patch Pumps Market Future Outlook and Potential Analysis
30. Appendix
The "Global Insulin Patch Pumps Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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