1 / 3

Insulin Patch Pump Market: Tech Progress

The global insulin patch pump market is expected to progress with a CAGR of 10.54% in the forecast period from 2023 to 2030. Get more insights into the blog

tritonmarketresearch
Télécharger la présentation

Insulin Patch Pump Market: Tech Progress

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. InsulinPatchPumpMarket:TechProgress • Insulintherapyisanimportantaspectofdiabetesmanagementandtreatment.Today,anumberofinsulindeliverysystems,intheformofpens,syringes,jetinjectors,pumps,etc.,areusedbypatientstoregulatebloodsugarlevels.Nowadays,theyareincreasinglyoptingforpatchpumpsortubelesspumps,whicharecompactdigitaldevicesthatdeliverinsulindosesatregularintervals.Theglobal insulin patchpump marketisexpectedtoprogresswithaCAGRof10.54%intheforecastperiodfrom2023to2030. • Themarket’sgrowthcanbeattributedtotherisingpopularityoftheseskin-adhesivedevices,surgingdiabetesprevalence,demandforminimallyinvasivesystems,andincreasedeffortsinR&D.Patchpumpsarealsomoreaccurate,efficient,affordable,andeasiertousethanconventionalinsulindeliverypumps.Theseproductsareavailableindisposableaswellasreusableformats,andcanfunctionoptimallywithminimummonitoring.Also,theirdiscretenatureisoneofthekeyfactorsthathasincreasedtheiradoptionamongyoungerpatients. What’sInfluencingMarketGrowth? Theglobalburdenofdiabetesmellitushasburgeonedinrecentyears,owingtochanginglifestyles,risingobesityrates,increasinggeriatricpopulation,andunhealthyeatinghabits.Asof2021,morethan537millionadultsworldwidewerereportedtohavediabetes,accordingtotheInternationalDiabetesFederation(IDF).Andwithover74.2millionpatients,Indiaaccountsfor1in7ofalladultsaffectedbythecondition.

  2. Moreover,with$165.3billionin2021,Chinaaccountedforoneofthehighestdiabetes-relatedhealthcareexpenditures.Therisingdiabetes-relatedhealthcareexpenditurehasconsequentlyincreasedpatientdemandforself-managementoptionsfordiabetesintheregion.ThisisexpectedtoaidtheAsia-Pacific insulin patch pump market’sdevelopment,witha10.94%CAGRovertheforecastperiod. InsulatedbyInsulin– InvestmentsBoostProductDevelopment Inviewofincreasedspendingbyconsumers,themarketfacesahigherdemandforinnovativeinsulindeliverypatchpumps.Forinstance,JewelPUMPbyDebiotechSAisahighlyminiaturizedinsulindeliverypatchpumpwithtemperaturesensorsdedicatedforusebybothtype1andtype2diabetespatients. Whiletype1diabeticscompriseasmallportionofthetotaldiabetespatientpool,comparedtotheirtype2counterparts,theyaremoredependentoninsulintherapy.Theirpancreasproducelittletonoinsulin,whichmakesregularinsulinintakevitalfortheirsurvival.Inthiscase,patchpumpsarehandyastheyeliminatetheneedtocarryaninsulininfusionset. Type1diabetesisexpectedtogrowwiththefastestCAGRof11.08%inthediseaseindicationsegmentduring2023-2030.In2017,thegovernment-backedCanadianInstitutesofHealthResearch(CIHR)andtheJuvenileDiabetesResearchFoundation(JDRF)CanadaannouncedtheCIHR-JDRFPartnershiptoDefeatDiabetes,withaninvestmentof$30millioninadvancedresearchfortype1diabetes.Thispartnershipwasfurtherrenewed,withanadditionalinvestmentof$15millionin2021. Increasedinvestments,coupledwiththegrowingpatientdemandforaccessinghealthdatainauser-friendlyformat,haveledtothedevelopmentofsmartsolutionsfordiabetescare.Forinstance,inMarch2022,TerumoCorporationpartneredwithSaaS-basedappdeveloperGlooko.Thishasimprovedthequalityofremotepatientmonitoring,astheusersofTerumo’sMedisafeWithinsulinpatchpumpcantransfertheirdataonGlooko’sanalyticsportal,allowinghealthcareprofessionalstoviewtheirpatients’ latesthealthrecords. AI&MLTechnologiesPushingtheFrontiersinDiabetesCare Therisingusageoffitnesstrackingapps,smartwearables,andconnecteddevicesbypatientstogainreal-timeinsightshavepavedthewayforadvancedandtechnologically-integratedhealthcare.Forinstance,machinelearningusesphysiologicaloractivitysensorsembeddedintosmartdevicesorwearablestodeliverpersonalizedtherapy,whichhelpslowerhyperglycemiaandminimizetheoverallburden. Inaddition,theMiniMed780GbyMedtronicPlcisanadvancedpatchpumpthatusesartificialintelligence(AI)toautomateinsulindelivery.ItisincorporatedwithSmartGuardautomationforself-adjustingbasaldeliverywithauto-correctiondosingandadministeringbolusinsulin.Particularly,thereal-timedataofferedbysuchtechnologieshasenabledeffectiveremotemonitoringofolderorspecially-abledpatients.Improvedpatientoutcomesandexperiencearethusexpectedtodrivetheglobal AI in healthcare marketataCAGRof40.48%from2019to2027. InaNutshell Overtheyears,diabetesmanagementsolutionprovidershaveworkedtokeepupwiththeevolvingneedsofdiabeticpatients.Withusers’ increasingknowledgeandunderstandingoftheircondition,companieshaverespondedbyupgradingtheirinsulindeliverydevices,leveragingthepowerof

  3. technology.Forinstance,integratinginsulinpatchpumpswithcontinuousglucosemonitoringsystemshasoptimizedpumpuseandimprovedglycemicresponse.Suchinnovationsbymanufacturersareexpectedtopropeltheinsulinpatchpumpmarketonagrowthpath.technology.Forinstance,integratinginsulinpatchpumpswithcontinuousglucosemonitoringsystemshasoptimizedpumpuseandimprovedglycemicresponse.Suchinnovationsbymanufacturersareexpectedtopropeltheinsulinpatchpumpmarketonagrowthpath. FAQs: Q1)Whicharethekeysegmentsconsideredinthemarketreport? ProductType,DiseaseIndication,DeliveryMode,andDistributionChannel. Q2)Whichcountryisexpectedtoregisterthefastestgrowthrateintheglobalinsulinpatchpumpmarket? Australiaisexpectedtoexhibitthefastestgrowthglobally,withaCAGRof12.28%overtheforecastperiod.

More Related