Diabetes is a chronic disease affecting around 415 million individual worldwide which is expected to 642 million by 2040. Individuals affected by diabetes need to take insulin for lifetime. Thus the development of insulin patch pump technology offers enhanced benefits over traditional multiple daily injection therapy. Rising adoption rate of non-invasive techniques in transdermal drug delivery practices would propel the growth of insulin patch pumps market during the forecast period. Moreover, rising prevalence of diabetes worldwide along with the technological advancements is driving the insulin patch pumps market.

The report titled “Global Insulin Patch Pumps Market- Growth, Future Prospects and Competitive Analysis, 2021–2029” offers strategic insights into the insulin patch pumps market along with the market size and estimates for the duration 2021 to 2029. The research study covers in-depth analysis of market segments based on type of insulin, condition type and different geographical region.

In order to help strategic decision makers, the report also includes competitive profiling of the leading players in global insulin patch pumps market, attractive investment proposition and market positioning of key manufacturers sections.

Market size and forecast for these regional and country level markets are presented in this study for the period 2019-2029. Market growth rates for the forecast period 2019-2029 are also included in this report, considering 2020 as the base year.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global insulin patch pumps market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global insulin patch pumps market. This report concludes with company profiles section that highlights major information about the key players engaged in global insulin patch pumps market. In-depth competitive environment analysis and historical years (2019) market size data are also provided in the report. 

Thus, the research study provides a holistic view of the global oral thin film drugs market, offering market size and estimates for the period from 2019 to 2029, keeping in mind the above-mentioned factors.

Insulin patch pumps are portable devices attached to the body which delivers insulin at and specific rate in regular intervals. An insulin patch pump aims to painlessly deliver insulin, without any tubing and infusion set, thus making it convenient and safe to use. Different types of insulin patch pumps have been developed such as bolus insulin pumps to release insulin at a rapid rate to counteract rise in the blood sugar level following meals. Whereas basal insulin pumps are long acting insulin therapy to control blood sugar level between meals and during sleep. Growing prevalence of diabetes at an alarming rate is the prime factor for the growth of the insulin patch pump market. Moreover, rapid technological advancements in the glucose monitoring in the past decade has bolstered the growth of insulin patch pumps market. Additionally, rising adoption rate of non-invasive techniques in transdermal drug delivery practices would further propel the growth of insulin patch pumps market during the forecast period of 2021 to 2029. 

Growing prevalence of diabetes is the prime factor for the growing demand of the insulin patch pumps market. There are two main types of diabetes such as diabetes type 1 and diabetes type 2. Diabetes type 2 held the largest market share in the insulin patch pumps market owing to the fact that it is the most occurred diabetes type accounting for 90%-95% of the cases. While insulin is not the first line of treatment for the treatment of diabetes type 2, many patient eventually require insulin for the best glucose control possible when required. Insulin patch pumps offer a hassle-free option for the insulin delivery, which adhere directly to the skin with no tubing as compared to the other drug delivery options such as insulin pumps and pens. The major players operating in the market are targeting diabetes type 2 due to higher target population compared to diabetes type 1. For instance, in 2021, Becton Dickenson & Co. announced its interest to dive in the emerging market of insulin patch pumps for patients with diabetes type 2, with an expected product launch in 2018. Thus, insulin patch pumps market for diabetes type 2 is expected to flourish during the forecast period.

Geographically the global insulin patch pumps market has been segmented into regional markets such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In the base year 2020, North America held the largest market for insulin patch pumps market. U.S. is the leading market in the region owing to the high adoption of novel technologies and non-invasive techniques. Moreover, continuous rise in the patients suffering from diabetes is fuelling the market. According to U.S. National Diabetes Statistics Report, 2021, an estimated 30.3 million people of all ages or 9.4% of the overall U.S. population had diabetes in 2019. Moreover, approximately 1.5 million new cases of diabetes were diagnosed among adults aged 18 years and older in the U.S. Asia Pacific is expected to witness a boom in the insulin patch pumps market as many products are expected to hit the market during the forecast period of 2021 to 2029. Moreover, rising target population and growing awareness regarding new technological advancements in the insulin pumps would further drive the market.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Insulin Patch Pumps market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Insulin Patch Pumps market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Insulin Patch Pumps market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Insulin Patch Pumps market?
• Which is the largest regional market for Insulin Patch Pumps market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Insulin Patch Pumps market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Insulin Patch Pumps market worldwide?