Key Findings
The Asia-Pacific insulin patch pumps market is expected to record a CAGR of 11.03% during the forecast period, 2023-2032. The increasing diabetes-related healthcare expenditure is set to boost growth opportunities in the region.
Market Insights
India, Vietnam, South Korea, Japan, Thailand, Australia & New Zealand, Indonesia, China, and Rest of Asia-Pacific are evaluated for the Asia-Pacific insulin patch pumps market growth assessment. In Japan, as per the IDF Diabetes Atlas 2021, around 11 million people had diabetes in 2021. Also, according to Work Bank data, in 2021, the diabetes prevalence was 6.6% among the population aged 20-79. Accordingly, the diabetes prevalence is expected to propel the demand for insulin patch pumps and raise the adoption of modern insulin pumps. Moreover, the launch of insulin pumps by leading companies is estimated to contribute to market growth. For instance, in 2018, Terumo Corporation launched MEDISAFE WITH insulin pump system in Japan.
In Vietnam, according to the World Bank data, the diabetes prevalence in 2021 was 6.1% for the population aged between 20-79. Whereas according to the IDF Diabetes Atlas, there were around 57,220 deaths attributed to diabetes in 2021. As a result, the rising diabetes prevalence and the resultant associated concerns and the growing awareness about self-care in diabetes offer growth opportunities for insulin patch pumps in Vietnam.
Furthermore, according to IDF Diabetes Atlas, in 2021, the diabetes-related expenditure per person was $3967.5 per person in New Zealand. As per the Ministry of Health, over 250,000 people have been diagnosed with diabetes. Besides, technological advancements are projected to offer lucrative growth prospects.
Competitive Insights
Some of the eminent companies in the market are CeQur SA, Tandem Diabetes Care Inc, Medtrum Technologies Inc, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments