The global insulin patch pumps market size was valued at USD 768.5 million in 2019 and is expected to exhibit a CAGR of 10.9% during the forecast period. The high growth can primarily be attributed to factors such as the rising prevalence of diabetes and increasing awareness about advanced patch pumps. People with type 1 diabetes prefer insulin patch pumps, as they do not need to carry an insulin infusion set. Owing to higher convenience, patch pumps are preferred by older and working people.
In general, patch pumps are smaller than conventional insulin pumps and are more discrete and easier to use. Moreover, these pumps are more affordable as compared to conventional insulin delivery devices, which generates more demand. Patch pumps are attached to the skin using adhesive layer and due to the advanced technology, they require minimum monitoring. These pumps are usually integrated with blood glucose or a continuous glucose monitoring system.
Technological advancements and the use of artificial intelligence in this field are expected to play a significant role in replacing traditional insulin delivery devices. Increasing frequency of product launches along with collaborations between major players and technology developers is also expected to boost the market competition.
For instance, Tandem Diabetes Care is developing t:sport insulin pump, which will be half the size of its t: slim X2. Availability of custom-made patch pumps is expected to increase the popularity of these devices during the forecast period. Discrete nature of the devices is one of the major factors increasing their adoption in younger population.
The worldwide increasing incidence and prevalence of diabetes are expected to present lucrative opportunities for advanced diabetes management devices, including patch pumps. According to the International Diabetes Federation, the global diabetic population is expected to reach 700 million by 2045, which includes a significant number of older people. According to the United Nations report, in 2018, the global population aged 65 or above outnumbered children under 5. The population aged 80 years or over is projected to reach 426 million by 2050 from 143 million in 2019.
Based on the delivery mode, the market is segmented into basal, bolus, and basal & bolus combination. Basal & bolus combination segment dominated the market in 2019 and is expected to maintain the same owing to the advanced features and availability of a wide variety of products. Basal & bolus therapy helps normalize blood sugar levels without increasing the risk of hypoglycemia. Moreover, basal and bolus therapy includes an injection after each meal, which emulates the activity of healthy pancreas. In addition, these therapies are used by both type 1 and type 2 diabetes patients, hence, dominated the market.
The basal insulin delivery mode segment also captured a significant share in 2019 and is anticipated to grow at a rapid pace. This high growth rate can primarily be attributed to increased adoption by type 1 diabetes patients. Basal insulin pump therapy acts on slow-release mechanism, which is important for managing type 1 diabetes. All types of basal insulins are long-acting and mimic natural function of the pancreas. They accounted for a major share in type 1 diabetes patients.
Based on the type, the market is segmented into disposable and reusable patch pumps. Reusable insulin patch pump segment dominated the market in 2019, owing to high adoption and frequency of product launches. These devices are highly flexible and capable of delivering complex regimens of insulin to patients. Disposable insulin pumps are mechanical pumps and are also called simplified devices. Currently, V-Go by Valeritas and PAQ by CeQur dominate the market, as they have a strong presence in the U.S. as well as Europe.
By distribution channel, the insulin patch pumps market is segmented into hospitals, retail pharmacies, private clinics, online pharmacies, and others. Hospitals segment dominated the market in 2019, owing to factors such as an increasing number of specialty hospital pharmacies and expansion of integrated delivery networks. Most of the first-time patch pump users tend to buy these from hospital pharmacies. Considering the recent shift in trend from traditional to automated insulin delivery solutions, the hospital pharmacy segment is expected to show significant growth rate over the forecast period.
The online pharmacies segment is expected to exhibit the fastest CAGR during the forecast period. The high growth rate of the segment can primarily be attributed to factors such as rising awareness about online pharmacies and increase in awareness campaigns by online pharmacies. Purchasing insulin patches through online pharmacies may involve risks such as wrong product delivery and improper usage.
Regionally, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominated the market owing to availability of major brands of insulin patch pumps. Moreover, increasing healthcare expenditure and rising frequency of FDA approvals is also aiding growth in the region. For instance, in 2019, South Korean Company EoFlow received FDA approval for its newly designed patch pump-EOPatch-in the U.S.
Asia Pacific is expected to grow at the fastest pace due to factors such as rapidly growing diabetic population and increasing awareness about advanced digital diabetes management solutions in the region. In addition, increasing product launches and technological advancements in the field of insulin patch pumps are expected to aid regional growth.
Some of the leading players are Roche Diagnostics; Medtronic Plc; Valeritus; Insulet Corporation; Cellnovo Ltd; and CeQur. The major players are focusing on mergers & acquisitions, technological collaborations, and innovative product launches. For instance, in July 2018, Cequr purchased a certain asset from Calibra Medical-a subsidiary of Johnson & Johnson. These assets include latter’s wearable insulin delivery technology.
Report Attribute |
Details |
Market size value in 2020 |
USD 855.9 million |
Revenue forecast in 2027 |
USD 1.7 Billion |
Growth Rate |
CAGR of 10.9% from 2020 to 2027 |
Base year for estimation |
2019 |
Historical data |
2016 - 2018 |
Forecast period |
2020 - 2027 |
Quantitative units |
Revenue in USD million and CAGR from 2020 to 2027 |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors and trends |
Segments covered |
Delivery mode, product type, distribution channel, region |
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
Country scope |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Czech Republic; Russia; Poland; Turkey; Switzerland; China; Japan; India; Australia; South Korea; Vietnam; Philippines; Malaysia; Indonesia; Thailand; Mexico; Brazil; Colombia; Argentina; Chile; South Africa; Saudi Arabia; Oman; Egypt; UAE |
Key companies profiled |
Roche Diagnostics; Medtronic Plc; Valeritus; Insulet Corporation; Cellnovo Ltd; CeQur |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional, & country levels as well as provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the insulin patch pumps market report on the basis of delivery mode, product type, distribution channel, and region.
Delivery Mode Outlook (Volume Units; Revenue, USD Million, 2016 - 2027)
Basal
Bolus
Basal & Bolus
Product Type Outlook (Volume Units; Revenue, USD Million, 2016 - 2027)
Disposable
Reusable
Distribution Channel Outlook (Volume Units; Revenue USD Million, 2016 - 2027)
Hospitals
Retail Pharmacies
Private Clinics
Online Pharmacies
Others
Regional Outlook (Volume Units; Revenue, USD Million, 2016 - 2027)
North America
The U.S.
Canada
Europe
The U.K.
Germany
France
Italy
Spain
Czech Republic
Russia
Poland
Turkey
Switzerland
Asia Pacific
Japan
China
India
Australia
South Korea
Vietnam
Philippines
Malaysia
Indonesia
Thailand
Latin America
Brazil
Mexico
Argentina
Colombia
Chile
Middle East & Africa
South Africa
Saudi Arabia
UAE
Oman
Egypt
b. The global insulin patch pumps market size was estimated at USD 768.5 million in 2019 and is expected to reach USD 855.9 million in 2020.
b. The global insulin patch pumps market is expected to grow at a compound annual growth rate of 10.9% from 2020 to 2027 to reach USD 1.7 billion by 2027.
b. North America dominated the insulin patch pumps market with a share of 39.5% in 2019. This is attributable to rising diabetes care awareness coupled with increasing number of product launches.
b. Some key players operating in the insulin patch pumps market include Roche Diagnostics, Medtronic Plc, Valeritus, Insulet Corporation, Cellnovo Ltd, and CeQur.
b. Key factors that are driving the market growth include increasing incidence of diabetes, rising diabetes-related healthcare expenditure, and innovative product launches.
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