Insulin Patch Pump Market by Component, Delivery Mode & Geography | COVID-19 Impact Analysis

It is a digital system equipped with bluetooth and monitor devices. Insulin patch pump is tied to the patient and injection takes place through the adhesives. The global insulin patch pump market can be segmented on the basis of insulin type and end-user. On the basis of insulin type, it is sub-segmented into bolus, basal and basal-bolus. On the basis of end-user, it is sub-segmented into online pharmacies, hospitals, retail pharmacies and private clinics. Hospitals sub-segment is expected to lead the global insulin patch pump market during the forecast period.

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The availability of technologically advanced instruments coupled with the large pool of patients suffering from chronic disease is the major factor for the hospitals to lead the end user segment during the forecast period. However, online pharmacies are expected to be the fastest developing sub-segment for the global insulin patch pump market. The varieties of products available through online platform enable better selection of the product. Additionally, the availability of different companies on the online platform enables better selection of equipment at low cost.

The global insulin patch pump market is anticipated to expand at a significant CAGR during 2018-2027. It is projected to reach significant market size by 2027. The growing population suffering from diabetes coupled with the rising demand for the superior and technologically developed equipment in order to get better healthcare services is anticipated to upsurge the market growth of the global insulin patch pump market throughout the forecast period.

By region, global insulin patch pump market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is expected to lead the global insulin patch pump market during the forecast period.

The growing healthcare industry in the region coupled with increased investment by the market players to develop technologically advanced insulin patch pump is anticipated to boost the global insulin patch pump market in North America. Europe is anticipated to be the second largest region for the global insulin patch pump market. The availability of different types of insulin patch pumps in the region provides better option to customer. Asia-Pacific region is still developing and anticipated to observe substantial growth during the forecast period.

Growing number of patients suffering from chronic disease is anticipated to increase the market for the insulin patch pump

The bad food habits increases the chances of various chronic diseases such as cancer and diabetes among the population. The demand for the insulin patch pump is anticipated to witness substantial growth on the account of its high application for treating diabetes in the growing population. Additionally, the growing geriatric populations suffering from chronic diseases on the account of changing lifestyle problems is further driving the market growth of the insulin patch pump market globally. The other factor that is anticipated to fuel the market growth includes the rising income of the population coupled with the high usage of advanced technologies.

This report also provides the existing competitive scenario of some of the key players of the global insulin patch pump market which includes company profiling of key companies such as Insulet Corporation, Unilife Corporation, Debiotech S.A., CeQur SA, Cellnovo Limited., Valeritas Holdings Inc., Dickinson and Company, EOFLOW CO. LTD. and Becton.

The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global insulin patch pump market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.