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

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

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%.

Major Driver In The Insulin Patch Pumps Market ­– 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.

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

Key Insulin Patch Pumps Market Segments
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, Clinics, Laboratories, Other End-Users

Recent Insulin Patch Pumps Market Trend – Integration Of The Advanced Technologies In Insulin Patch Pumps
Integration of the advanced technologies in insulin patch pumps is the key trend gaining popularity in the insulin patch pumps market. 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.

Insulin Patch Pumps Market Prominent Players
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.

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The Insulin Patch Pumps Global Market Report 2023  provides a comprehensive overview on the insulin patch pumps market size, trends and drivers, opportunities, strategies, and companies 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.

View More Related Reports –
Diabetes Care Devices Global Market Report 2023
Insulin Drugs Global Market Report 2023
Diabetic Foods Global Market Report 2023

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