The North America Insulin Storage Devices Market would witness market growth of 8.2% CAGR during the forecast period (2020-2026).
Insulin is manufactured to be identical to human pancreatic insulin. These synthetic insulins will function from a few hours (insulin that works rapidly) to a whole day (insulin that acts long). Usually, they’re inserted through a needle or pen. All insulins must be carefully stored to ensure they stay safe and effective. Improper storage may cause insulin to break down, disrupting its ability to regulate the blood sugar level efficiently and predictably. Depending on the type of insulin that patients are given, some minor variations that exist in how best to store it and how long it will last until it is opened.
There are currently a number of storage options on the market. The wallets can be reused and used for any temperature-sensitive drugs. To protect from moisture, the patients have to use a waterproof liner for every device or accessory with electronic components. The wallets are lightweight, modern in style and come in different shapes, sizes, and colors. Pump wallets protect the pump and the insulin in intense conditions such as hiking. They are made to suit most pump builders and models. They also have a rear belt loop and a waterproof lining to use in most situations.
As technology has progressed in the last decade, so have treatment options for type 1 diabetes (T1D) patients. These technological advancements aim to enhance the control of glucose levels in patients without diabetes to more closely mimic glucose metabolism. But more significantly, emerging innovations are aimed at improving the quality of life by reducing the burden of disease for patients and those involved in their treatment.
Based on Product Type, the market is segmented into Battery Operated and Insulated Kits. Based on Insulated Kits Type, the market is segmented into Insulin Cooling Wallets, Insulated Cooler Bags and Insulin Cooling Pouches. Based on Patient Type, the market is segmented into Type 1 Patients and Type 2 Patients. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ReadyCare, LLC, Medicool, Inc., Arkray, Inc., Zhengzhou Dison Electric Co., Ltd., Xiamen Tawa Enterprise Co., Ltd., Cooluli, Zhengzhou Olive Electronic Technology Co., Ltd., COOL Sarl.
Scope of the Study
Market Segmentation:
By Product Type
- Battery Operated and
- Insulated Kits
By Insulated Kits Type
- Insulin Cooling Wallets
- Insulated Cooler Bags and
- Insulin Cooling Pouches
By Patient Type
- Type 1 Patients and
- Type 2 Patients
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- ReadyCare, LLC
- Medicool, Inc.
- Arkray, Inc.
- Zhengzhou Dison Electric Co., Ltd.
- Xiamen Tawa Enterprise Co., Ltd.
- Cooluli
- Zhengzhou Olive Electronic Technology Co., Ltd.
- COOL Sarl
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