The Asia Pacific Insulin Storage Devices Market would witness market growth of 10.2% CAGR during the forecast period (2020-2026). Insulin was originally considered a means of treatment primarily for people with type 1 diabetes. Over the years, however, a large number of Type 2 patients continued to use it as a line of therapy. The increasing demand for insulin has resulted in tremendous R&D activities in the manufacture of various painless types of insulin-supplied devices, such as continuous glucose monitoring (CGM), integrated insulin pumps, extremely accurate blood glucose monitoring devices (such as the flash glucose monitoring device), and improved lancets for a glucometer.
The main driving forces for the industry are the increasing prevalence of diabetes and the increasing use of advanced insulin delivery products. In fact, the growing demand for specialized storage solutions is already one of the market's key drivers. The insulin pump introduction has given rise to the demand for long-term insulin carrying solutions, which is projected to fuel business growth over the forecast period.
Type 1 diabetes patients generate little or no insulin and thus need medication throughout their lives. The appropriate storage solution is needed to conserve the insulin vials effectively. Within the prescribed range, the temperature decreases insulin potency. In addition, increased awareness of diabetes preventive care and effective use of insulin use are also contributing to market growth.
Based on Product Type, the market is segmented into Battery Operated and Insulated Kits. Based on Insulated Kits Type, the market is segmented into Insulin Cooling Wallets, Insulated Cooler Bags and Insulin Cooling Pouches. Based on Patient Type, the market is segmented into Type 1 Patients and Type 2 Patients. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Insulin Storage Devices Market in Asia Pacific is expected to register a CAGR of 10.2% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include ReadyCare, LLC, Medicool, Inc., Arkray, Inc., Zhengzhou Dison Electric Co., Ltd., Xiamen Tawa Enterprise Co., Ltd., Cooluli, Zhengzhou Olive Electronic Technology Co., Ltd., COOL Sarl.
Market Segmentation:
By Product Type
By Insulated Kits Type
By Patient Type
By Country
Companies Profiled
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