The region's Y-o-Y increase in diabetes prevalence and the population's increased focus on optimal diabetes management treatment are significantly accelerating the growth of the APAC insulin pump market. According to data from the journalofdiabetology.org, an estimated 80 million people in Southeast Asia had diabetes in 2017; by 2045, this figure is expected to rise to 151 million. Diabetes affects 10% of China's adult population, according to the World Health Organisation. The adult population in India has a diabetes prevalence of 72.96 million. Diabetes is becoming increasingly common in Bangladesh, according to the WHO.
Asia Pacific Insulin Pump Market Scope and Research Methodology:
The report focuses on market dynamics such as drivers, restraints, challenges, and opportunities. This information on market dynamics is provided in the Asia Pacific Insulin Pump market report by region and segment, making it an investor's guide. Data for the report was gathered through primary and secondary research methods, which were combined to produce an error-free and authentic Asia Pacific Insulin Pump market report. After determining the total market size, the market was divided into various segments and sub-segments, and the segments were validated through primary research by conducting in-depth interviews with influential individuals in the Asia Pacific Insulin Pump industry. The regional and Asia Pacific Insulin Pump market sizes were estimated using the bottom-up approach. Secondary research was used to identify major Asia Pacific Insulin Pump key players in the industry and their revenues. determined through primary and secondary research. Secondary research includes data collection from various organisations' and governments' official databases, industry journals, white papers, annual reports, and suppliers in the Asia Pacific Insulin Pump industry, as well as paid and free databases, whereas primary research includes in-depth interviews with opinion leaders and industry experts.
Asia Pacific Insulin Pump Market Report Overview:
The Asia Pacific Insulin Pump Market has been forecasted with sales and revenue by region, type, and application. The market research focuses on the market share, major suppliers, distributors, changing price patterns, and the raw material supply chain. The market report provides companies with in-depth knowledge of the Asia Pacific Insulin Pump industry dynamics.
Asia Pacific Insulin Pump Market Size is estimated to grow at a CAGR of 17.2% during the forecast period. Asia Pacific Insulin Pump Market is expected to reach US$ 1.99 Bn. in 2027 from US$ 0.77 Bn in 2021.
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Asia Pacific Insulin Pump Market Segmentation:
Pumps and Consumables are the two product types in the Asia Pacific Insulin Pump Market. Because of the advantages of pumps over multiple daily injections, continuous glucose monitors, and other devices, the pumps sector accounted for the largest market share. As a result, the use of these pumps in developed countries is rapidly increasing. According to Tandem's chief strategy officer, Elizabeth Gasser, the use of pumps among type diabetes patients worldwide is increasing with market penetration in APAC, reaching approximately 40 by 2027. Because these pumps are becoming more popular, the consumables section is expected to grow significantly during the forecast period. As a result, there is a greater demand for consumables on a global scale. Consumables are becoming increasingly popular in various parts of the world due to a variety of factors such as their lower relative cost, ease of availability, and shorter replacement cycles for products such as infusion sets, batteries, and insulin vials compared to pumps.
The Asia Pacific Insulin Pump market is divided into two segments based on distribution channel: Hospital Pharmacy and Retail & Online Pharmacy. Because of the increased availability of diabetes management devices and solutions in retail and pharmaceutical outlets in both developing and developed countries, the retail & online pharmacy segment led the market with a sizable share. The majority of customers prefer to purchase these devices from pharmacies affiliated with hospitals, which explains the growth of the hospital pharmacy industry. Another factor is the expansion of reimbursement programmes for consumables such as pumps.
Asia Pacific Insulin Pump Market Key Players:
Sooil Development Co. (Korea)
Nipro Diagnostic, Inc. (Japan)
Diabetic Insulin Pump India (India)
Tandem Diabetes Care (U.S.)
Cellnovo Ltd (U.K.)
Ypsomes (Switzerland)
Asia Pacific Insulin Pump Market Regional Analysis:
North America, Asia Pacific, Europe, the Middle East and Africa, and South America are the key regions covered in the Asia Pacific Insulin Pump market report. The report also includes market size, CAGR, import and export data, and country-level analysis, which integrates the demand and supply forces of the Asia Pacific Insulin Pump market in these countries.
Key Questions answered in the Asia Pacific Insulin Pump Market Report are:
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Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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