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ASIA-PACIFIC INSULIN PATCH PUMPS MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Asia-Pacific Insulin Patch Pumps Market by Type (Disposable, Reusable) Market by Delivery Mode (Basal, Bolus, Basal & Bolus) Market by Disease Indication (Type 1 Diabetes, Type 2 Diabetes) Market by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) by Geography


MARKET OVERVIEW

The Asia-Pacific insulin patch pumps market is predicted to register a CAGR of 11.03% during the forecast period, 2023-2032, and is estimated to garner a revenue of $635.58 million by 2032.

The insulin patch pumps market growth in Asia-Pacific is attributed to the increasing awareness regarding insulin patch pumps and rising healthcare concerns.

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The Asia-Pacific insulin patch pumps market growth analysis includes the assessment of Australia & New Zealand, Indonesia, China, Thailand, India, Vietnam, South Korea, Japan, and Rest of Asia-Pacific. As per the International Diabetes Federation, China accounts for 1 in 4 of the total diabetic population globally. Also, according to the 10th edition of the IDF Diabetes Atlas, in 2021, around 141 million were living with diabetes. Thus, the rising healthcare expenditure associated with diabetes and the growing occurrence of diabetes propel growth opportunities for insulin patch pumps in China. 

In India, the Central Drug Standards Control Organization (CDSCO) is the primary regulatory body for all medical devices. Medical devices are categorized into different classes on the basis of their risk potential. As per the IDF Diabetes Atlas 2021, there were around 74.2 million people with diabetes in the country. With a large number of people living with undiagnosed diabetes in the country, the Indian market holds potential growth opportunities for insulin patch pumps. As a result, technological advancements and rising diabetes-related expenditures are projected to increase the analyzed market’s growth in India. 

Whereas in South Korea, as per the World Bank data, the diabetes prevalence was 6.8% in 2021 among the population aged 20-79. Also, diabetes mellitus prevalence is predicted to increase with age. Accordingly, the growing diabetic population and the rising diabetes-related healthcare expenditure propel growth opportunities for insulin patch pumps in South Korea. The Ministry of Food and Drug Safety (MFDS) is the principal government body regulating the distribution, manufacturing, and registration of medical devices in South Korea. Moreover, the market growth is set to be propelled by new product launches and innovations in insulin patch pumps. 

The Asia-Pacific insulin patch pumps market segmentation includes distribution channel, disease indication, delivery mode, and type. The disease indication segment includes Type 2 diabetes and Type 1 diabetes. 

There is a growing preference for insulin patch pumps among people with Type 1 diabetes since these do not have a visible insulin infusion set. Also, insulin pumps facilitate a range of delivery functions otherwise unavailable. In addition, patch pumps are generally smaller than conventional pumps, have a cannula that goes directly from the device to the skin with no tubing, and attach directly to the skin. Besides, they can deliver bolus insulin and basal insulin. Accordingly, the most complex of such devices are suitable for Type 1 diabetes patients. As a result, the application of insulin patch pumps in diabetes management for the aforementioned patients drives segment growth. 

While Type 2 diabetes patients constitute a large percentage of the total diabetes patient population. These patients need high levels of conventional U 100 insulin to overcome insulin resistance. Patch pumps, with the cannula, delivery system, and insulin reservoir integrated into a small, disposable or semi-disposable, and wearable device, simplify the conventional insulin infusion pump (IIP) therapy while potentially offering therapeutic benefits over the traditional multiple daily injections (MDI) therapies. As a result, the potential benefits of patch pump technology for Type 2 diabetes patients offer growth opportunities for the segment. 

Some of the prominent firms in the Asia-Pacific insulin patch pumps market are Medtrum Technologies Inc, Tandem Diabetes Care Inc, CeQur SA, etc.

Medtrum Technologies Inc develops and delivers medical devices to cater to the needs of the diabetic population. It manufactures tools to supplement healthcare professionals. Its products include semi-closed loop systems, tubeless insulin pumps, and continuous glucose monitoring systems. The company is headquartered in Shanghai, China.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Type, Delivery Mode, Disease Indication, Distribution Channel
Countries AnalyzedAustralia & New Zealand, Indonesia, China, Thailand, India, Vietnam, South Korea, Japan, and Rest of Asia-Pacific
Companies AnalyzedMedtronic PLC, F. Hoffmann-La Roche Ltd, Insulet Corporation, Tandem Diabetes Care Inc, CeQur SA, Medtrum Technologies Inc, Debiotech SA, Terumo Corporation, Eoflow Co Ltd

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. RISING OCCURRENCE OF DIABETES
      2. GROWING HEALTHCARE AWARENESS
      3. TECHNOLOGICAL ADVANCEMENTS IN INSULIN DELIVERY SYSTEMS
      4. INCREASING RESEARCH AND DEVELOPMENT IN MEDICAL DEVICES
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. GROWING PREVALENCE OF DIABETES 
      2. TECHNOLOGICAL ADVANCEMENTS IN INSULIN PATCH PUMPS
      3. RISING AWARENESS ABOUT PATCH PUMPS
    2. KEY RESTRAINTS
      1. STRINGENT GOVERNMENT REGULATIONS
      2. RISKS ASSOCIATED WITH THE USE OF PUMPS
      3. LACK OF KNOWLEDGE LIMITS THE ADOPTION
  4. KEY ANALYTICS
    1. PARENT MARKET ANALYSIS
    2. KEY TECHNOLOGY TRENDS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. GROWTH PROSPECT MAPPING
    5. MARKET MATURITY ANALYSIS
    6. MARKET CONCENTRATION ANALYSIS
    7. VALUE CHAIN ANALYSIS
      1. RESEARCH AND DEVELOPMENT
      2. PRODUCT MANUFACTURING
      3. SALES AND DISTRIBUTION
    8. KEY BUYING CRITERIA
      1. COST
      2. PRODUCT FEATURES
      3. USABILITY
  5. MARKET BY TYPE
    1. DISPOSABLE
    2. REUSABLE
  6. MARKET BY DELIVERY MODE
    1. BASAL
    2. BOLUS
    3. BASAL & BOLUS
  7. MARKET BY DISEASE INDICATION
    1. TYPE 1 DIABETES
    2. TYPE 2 DIABETES
  8. MARKET BY DISTRIBUTION CHANNEL
    1. HOSPITAL PHARMACIES
    2. RETAIL PHARMACIES
    3. ONLINE PHARMACIES
  9. GEOGRAPHICAL ANALYSIS
    1. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC INSULIN PATCH PUMPS MARKET DRIVERS
      3. ASIA-PACIFIC INSULIN PATCH PUMPS MARKET CHALLENGES
      4. ASIA-PACIFIC INSULIN PATCH PUMPS MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN ASIA-PACIFIC INSULIN PATCH PUMPS MARKET
      6. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA INSULIN PATCH PUMPS MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN INSULIN PATCH PUMPS MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA INSULIN PATCH PUMPS MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA INSULIN PATCH PUMPS MARKET SIZE & OPPORTUNITIES
        5. INDONESIA
          1. INDONESIA INSULIN PATCH PUMPS MARKET SIZE & OPPORTUNITIES
        6. THAILAND
          1. THAILAND INSULIN PATCH PUMPS MARKET SIZE & OPPORTUNITIES
        7. VIETNAM
          1. VIETNAM INSULIN PATCH PUMPS MARKET SIZE & OPPORTUNITIES
        8. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND INSULIN PATCH PUMPS MARKET SIZE & OPPORTUNITIES
        9. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC INSULIN PATCH PUMPS MARKET SIZE & OPPORTUNITIES
  10. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
    2. COMPANY PROFILES
      1. CEQUR SA
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      2. DEBIOTECH SA
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      3. EOFLOW CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      4. F. HOFFMANN-LA ROCHE LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      5. INSULET CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      6. MEDTRONIC PLC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      7. MEDTRUM TECHNOLOGIES INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      8. TANDEM DIABETES CARE INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      9. TERUMO CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – INSULIN PATCH PUMPS

TABLE 2:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY DELIVERY MODE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY DELIVERY MODE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY DISEASE INDICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY DISEASE INDICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET REGULATORY FRAMEWORK

TABLE 13: LEADING PLAYERS OPERATING IN ASIA-PACIFIC INSULIN PATCH PUMPS MARKET

TABLE 14: LIST OF ACQUISITIONS

TABLE 15: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 16: LIST OF PARTNERSHIPS & AGREEMENTS

LIST OF FIGURES 

FIGURE 1: INSULIN DELIVERY SYSTEMS

FIGURE 2: KEY TECHNOLOGY TRENDS

FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

FIGURE 4: GROWTH PROSPECT MAPPING

FIGURE 5: MARKET MATURITY ANALYSIS

FIGURE 6: MARKET CONCENTRATION ANALYSIS

FIGURE 7:VALUE CHAIN ANALYSIS

FIGURE 8: KEY BUYING CRITERIA

FIGURE 9:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 10:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY DISPOSABLE, 2023-2032 (IN $ MILLION)

FIGURE 11:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY REUSABLE, 2023-2032 (IN $ MILLION)

FIGURE 12:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, GROWTH POTENTIAL, BY DELIVERY MODE, IN 2022

FIGURE 13:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY BASAL, 2023-2032 (IN $ MILLION)

FIGURE 14:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY BOLUS, 2023-2032 (IN $ MILLION)

FIGURE 15:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY BASAL & BOLUS, 2023-2032 (IN $ MILLION)

FIGURE 16:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, GROWTH POTENTIAL, BY DISEASE INDICATION, IN 2022

FIGURE 17:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY TYPE 1 DIABETES, 2023-2032 (IN $ MILLION)

FIGURE 18:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY TYPE 2 DIABETES, 2023-2032 (IN $ MILLION)

FIGURE 19:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2022

FIGURE 20:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY HOSPITAL PHARMACIES, 2023-2032 (IN $ MILLION)

FIGURE 21:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY RETAIL PHARMACIES, 2023-2032 (IN $ MILLION)

FIGURE 22:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, BY ONLINE PHARMACIES, 2023-2032 (IN $ MILLION)

FIGURE 23:ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN%)

FIGURE 24: CHINA INSULIN PATCH PUMPS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 25: JAPAN INSULIN PATCH PUMPS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 26: INDIA INSULIN PATCH PUMPS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 27: SOUTH KOREA INSULIN PATCH PUMPS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 28: INDONESIA INSULIN PATCH PUMPS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 29: THAILAND INSULIN PATCH PUMPS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 30: VIETNAM INSULIN PATCH PUMPS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 31: AUSTRALIA & NEW ZEALAND INSULIN PATCH PUMPS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 32: REST OF ASIA-PACIFIC INSULIN PATCH PUMPS MARKET, 2023-2032 (IN $ MILLION)

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