The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s insulin patch pumps market report forecasts the insulin patch pumps market size to grow to $1.83 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

Learn More On The Insulin Patch Pumps Market Report 2023 – https://www.thebusinessresearchcompany.com/report/insulin-patch-pumps-global-market-report

Insulin Patch Pumps Market Size Forecast
The global insulin patch pumps market is expected to grow 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%.

North America held the largest insulin patch pumps market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Insulin Patch Pumps Market Driver ­– Rise In The Prevalence Of Diabetes Across The Globe
For instance, according to the International Diabetes Federation, in 2021, around 537 million people in the age group between 20 to 79 years are suffering from diabetes and these numbers are estimated to reach 643 million by 2030. In 2021, around 6.7 million people died due to diabetes. Therefore, the rising prevalence of diabetes across the globe will propel the growth of the insulin patch pumps market.

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Key Insulin Patch Pumps Market Trend – Integrating The Advanced Technologies
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. For instance, in January 2022, Insulet Corporation, a US-based innovative medical device company, announced the FDA clearance of its Omnipod 5 automated Insulin delivery system for people with type 1 diabetes aged 6 years and older. It is the first and only tubeless automated insulin delivery system with compatible smartphone control. It makes it easier than ever to manage glucose with no multiple daily injections, no tubes, and zero fingersticks to help simplify life with diabetes.

Insulin Patch Pumps Market Segment
1) By Type: Traditional Insulin Pumps, Smart Insulin Pump, Disposable Insulin Pumps
2) By Mode: Basal, Bolus
3) By Pump Type: Tethered Pump, Patch Pump
4) By Application: Type 1 Diabetes, Type 2 Diabetes
5) By End-User: Hospital, Clicins, Laboratories, Other End-Users

Insulin Patch Pumps Market Major Players and Strategies
Major players 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.

In April 2020, Zealand Pharma, a Danish biotechnology research company, acquired Valeritas for $23 million. With this acquisition, Zealand Pharma aims to transform into a fully integrated biotech company with an established footprint in the US diabetes market and provide the V-Go wearable insulin delivery device to help people manage their diabetes. Valeritas is a US-based medical technology company offering innovative drug delivery solutions.

The Insulin Patch Pumps Global Market Report 2023 covers regional data on insulin patch pumps market size, insulin patch pumps market trends and drivers, opportunities, strategies, and insulin patch pumps market competitor analysis. The countries covered in the insulin patch pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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.

View More Reports Related To The Insulin Patch Pumps Market –
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Smart Insulin Pens Global Market Report 2023
Insulin Pens, Syringes, Pumps And Injectors Global Market Report 2023

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