Insulin Patch Pumps Market Size Worth $1.7 Billion by 2027 | CAGR

10.9%: Grand View Research, Inc.

SAN FRANCISCO, April 2, 2020 /PRNewswire/ -- The global insulin patch pumps market size is expected to reach USD 1.7 Billion by 2027, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 10.9% over the forecast period. The market is primarily driven by factors such as increasing diabetic population and rising awareness about advanced diabetes management solutions. Moreover, technological advancements and several product launches in the field of insulin patch pumps are further augmenting growth.

Key suggestions from the report:

• North America accounted for the largest share in 2019, owing to favorable reimbursement policies and launch of several innovative patch pumps
• Asia Pacific is expected to see robust growth during the forecast period, owing to the increasing diabetic population coupled with rising awareness about diabetes preventive care
• By delivery mode, basal & bolus segment dominated in 2019, owing to wide usage of these therapy in both type1 and type 2 diabetes patients
• By product type, the reusable segment is dominating the insulin patch pumps market due to increasing adoption of these devices
• By distribution channel, the hospital segment dominated in 2019 due to expansion of the integrated delivery network
• Some of the leading players are Medtronic Plc; Roche Diagnostics; Valeritas; Cellnovo Ltd.; Insulet Corporation; and CeQur.
• Mergers and acquisitions are the primary expansion techniques used by these players.
• For instance, in July 2018, CeQur purchased a certain asset from Calibra Medical-a subsidiary of Johnson & Johnson. This acquisition helped CeQur gain an exclusive license for Calibra's wearable insulin delivery system product.

Read 110 page research report with ToC on "Insulin Patch Pumps Market Size, Share & Trends Analysis Report By Delivery Mode (Basal, Bolus, Basal & Bolus), By Type, By Distribution Channel (Hospitals, Retail Pharmacies, Private Clinics, Online Pharmacies), And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/insulin-patch-pump-market