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Insulin Patch Pumps Market Size, Share, Growth, Trends And Forecast 2023-2032
Insulin Patch Pumps Market Report
The Business Research Company's Insulin Patch Pumps Global Market Report 2023 identifies the rising prevalence of diabetes across the globe as the major driver for the insulin patch pumps market's growth in the forecast period. 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 are 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.
A key trend in the insulin patch pumps market includes integration of the advanced technologies in insulin patch pumps. Insulin patch pumps are being integrated with the advanced technologies such as integration with a smartphone and enabling automation in insulin delivery. Continuous glucose monitors and traditional insulin pumps are evolving into smarter devices that can automate insulin delivery. These devices offer convenient and easy-to-use features while reducing manual intervention for insulin delivery.
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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.
The Business Research Company's "Global Insulin Patch Pumps Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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 - Macro Economic Scenario
5. Insulin Patch Pumps Market Size And Growth
……
26. Africa Insulin Patch Pumps Market
27. Insulin Patch Pumps Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Insulin Patch Pumps Market
29. Insulin Patch Pumps Market Future Outlook and Potential Analysis
30. Appendix
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