Published Date: 14-May-2020
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According to a new report Global Insulin Storage Devices Market, published by KBV research, The Global Insulin Storage Devices Market size is expected to reach $1.1 billion by 2026, rising at a market growth of 8.9% CAGR during 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.
The Type 1 patient segment dominated the market due to a growing insulin demand and the introduction of delivery and storage devices. The type 2 patient segment is growing at a fast rate due to significant growth in the number of inpatient individuals. As the lifestyle-associated disorder is type 2 diabetes, most patients belong to the adult and working population.
Due to the availability of a wide array of coolers and refrigerators dependent on patient needs, battery-operated systems led the industry in 2019. Due to its features such as portability, long battery life, and easy handling, battery-operated coolers are becoming common among the diabetes population which increases the use of these devices during travel. The category of insulated kits is expected to hold substantial market share during the forecast period. The major factors driving growth in the market are affordability and efficient use of insulated sets.
Due to the presence of a huge customer population and supportive payment programs, North America dominated the market in 2019. The Asia Pacific is expected to see robust growth during the forecast period due to increased diabetes prevalence and awareness-raising drives for efficient insulin use and storage. It is also predicted that government initiatives and education programs will fuel the market growth during the forecast period.
Structural Insights: https://www.kbvresearch.com/insulin-storage-devices-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Product Type
By Insulated Kits Type
By Patient Type
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