LAMEA Insulin Storage Devices Market By Product Type (Battery Operated and Insulated Kits) By Insulated Kits Type (Insulin Cooling Wallets, Insulated Cooler Bags and Insulin Cooling Pouches) By Patient Type (Type 1 Patients and Type 2 Patients) By Country, Industry Analysis and Forecast, 2020 - 2026
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The Latin America, Middle East and Africa Insulin Storage Devices Market would witness market growth of 9.9% CAGR during the forecast period (2020-2026). 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.
Proper storage can help to minimize the cost of care significantly by reducing medication diversion. Patients need to maintain temperature for storage to preserve insulin potency. The storage products are currently limited to insulated packages found in compact refrigerators. Developing smart storage systems with features such as temperature warning, expiry alert, dosage reminders, and auto messaging is expected to fuel market growth for insulin storage devices over the forecast period.
Some of the major factors leading to increased cases of obesity are a sedentary lifestyle and dietary change, which greatly increases the risk of diabetes. Recent advancements have helped some patients to achieve better glycaemic control and lower hypoglycemia frequency, which is a combination that allows long-term and short-term complications to be potentially reduced. Nonetheless, with advances in both the quality and number of current technologies, clinicians are challenged to stay up-to-date and prescribe the right system that fits the specific needs and lifestyle of each patient. Providers need to be aware of and appreciate all the treatment options currently available to help patients make informed decisions about which services they should be using.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Scope of the LAMEA Insulin Storage Devices Market Analysis
By Product Type
- Battery Operated and
- Insulated Kits
By Insulated Kits Type
- Insulin Cooling Wallets
- Insulated Cooler Bags and
- Insulin Cooling Pouches
By Patient Type
- Type 1 Patients and
- Type 2 Patients
- Saudi Arabia
- South Africa
- Rest of LAMEA
- ReadyCare, LLC
- Medicool, Inc.
- Arkray, Inc.
- Zhengzhou Dison Electric Co., Ltd.
- Xiamen Tawa Enterprise Co., Ltd.
- Zhengzhou Olive Electronic Technology Co., Ltd.
- COOL Sarl
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