"Designing Growth Strategies is in our DNA"

Asia Pacific Insulin Pump Market Size, Share & COVID-19 Impact Analysis, By Product Type (Pumps [Tethered Pumps, Patch Pumps, and Others] and Consumables), By Disease Indication (Type 1 Diabetes and Type 2 Diabetes), By Distribution Channel (Hospital Pharmacy and Retail & Online Pharmacy), and Regional Forecast, 2023-2030

Last Updated: June 10, 2024 | Format: PDF | Report ID: FBI107537

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

Asia Pacific held a significant share of the global insulin pump market. The Asia Pacific insulin pump market size is projected to grow at a CAGR of 20.0% during the forecast period. The global insulin pump market is projected to grow from USD 4.60 billion in 2022 to USD 15.51 billion by 2030.


The rising need for these pumps among the underserved population in the Asia Pacific region and growing product launches by industry players are expected to boost the Asia Pacific market during the forecast period.



  • In March 2022, India Medtronic Private Limited, a wholly-owned subsidiary of Medtronic, announced the launch of MiniMed 780G system with SmartGuard technology to simplify type 1 diabetes management in India.


The Asia Pacific insulin pump market report covers the following countries/regions -  China, India, Australia, Japan, Southeast Asia, and the rest of Asia Pacific.


LATEST TRENDS


Rising Penetration of Insulin Pumps among Type 1 Diabetic Patients


The rising incidence of diabetes has significantly influenced the need for insulin and insulin delivery devices among patients suffering from type 1 diabetes. Thus, increasing product launches by key industry players and their extensive presence across the APAC region have increased awareness of insulin pumps. Moreover, rising initiatives by government agencies and healthcare providers on the advantages of these pumps over other conventional therapies will further raise the product’s awareness among patients.



  • According to a multicenter study published by the NCBI in June 2021, among 1,603 children that suffered from type 1 diabetes, 15.2% of patients reported using insulin therapy in China.


DRIVING FACTORS


Rising Government Initiatives for Diabetes Care to Offer Lucrative Opportunities for Market Growth


The demand for diabetes management is increasing owing to the rising prevalence of this disease and its risk factors, such as obesity, hypertension, and others, among the patient population. Thus, several government agencies are implementing strategic initiatives, such as diabetes care programs and insulin delivery supply schemes to boost patient awareness of these devices. Such initiatives will propel the adoption of an insulin pump, further boosting the Asia Pacific insulin pump market growth.



  • According to an article published by the Commonwealth of Australia, in November 2022, the Albanese Government subsidised access to the next generation of Omnipod insulin pumps to 130,000 Australians living with type 1 diabetes. The government is providing disposable pods through the National Diabetes Services Scheme (NDSS) at community pharmacies in Australia.


RESTRAINING FACTORS


Request a Free sample to learn more about this report.


Lack of Reimbursement Policies in Developing Countries to Limit Pump Sales


The need for insulin pumps is rising across the Asia Pacific region for blood glucose control and diabetes self-management among patients. However, the costs associated with insulin pump therapy and its consumables are high. The lack of reimbursement policies for these pumps by healthcare agencies and health insurers is limiting their adoption across developing countries. Moreover, rising diabetes treatment costs in these countries will further hamper the market growth.



  • According to an article published by the NCBI in June 2022, there is no reimbursement for these pumps and related supplies in China.


KEY INDUSTRY PLAYERS


In terms of the competitive landscape, Medtronic, Insulet Corporation, and Tandem Diabetes Care, Inc. are the major players in the Asia Pacific market with high growth rates recorded in 2022. This is owing to the extensive presence of advanced products and active involvement of companies in R&D investments to accelerate product launches during the forecast period.


Other prominent players, such as Terumo Corporation and SOOIL Developments Co., Ltd., are focusing on strengthening their product portfolios by launching technologically advanced devices and consumables across the region. This is further augmenting the Asia Pacific insulin pump market share.



  • In June 2020, SOOIL Developments Co. Ltd. announced the launch of a two-way communication insulin pump 'Dana i' for diabetic patients in South Korea. The pump enabled non-face-to-face communication and treatment delivery between doctors and patients.


LIST OF KEY COMPANIES PROFILED:



  • Medtronic (Ireland)

  • Tandem Diabetes Care, Inc. (U.S.)

  • Insulet Corporation (U.S.)

  • F. Hoffmann-La Roche Ltd (Switzerland)

  • Terumo Corporation (Japan)

  • MicroTech Medical, Inc. (China)

  • EOFLOW CO., LTD. (Korea)

  • Ypsomed (Switzerland)

  • SOOIL Developments Co., Ltd (Korea)


KEY INDUSTRY DEVELOPMENTS:



  • October 2021: EOFlow Co., Ltd., a provider of wearable drug delivery solutions, announced the establishment of a joint venture company SINOFLOW Co., Ltd. in China with Changsha Sinocare Co., Ltd. to enter the ever-expanding Chinese diabetes market. The joint venture company will launch a clinical study to obtain regulatory approval for EOPatch manufacturing and distribution in China.

  • November 2020: Diabeloop, a pioneer in therapeutic AI, and Terumo Corporation signed an agreement for the joint development of an Automated Insulin Delivery (AID) solution with exclusive distribution rights in Japan. The Diabeloop-developed system integrated Terumo’s innovative insulin patch pump.


REPORT COVERAGE


To gain extensive insights into the market, Request for Customization


The research report provides a detailed market analysis. It focuses on key aspects, such as the launch of new products, technological advancements, and the prevalence of diabetes. Besides this, the report offers valuable insights into the recent market trends and highlights key industry developments, such as mergers, partnerships, and acquisitions, along with the impact of COVID-19 on the market. In addition to the above-mentioned factors, the report encompasses several factors that have contributed to the market's growth in recent years.


Report Scope & Segmentation


























































  ATTRIBUTE



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 20% from 2023 to 2030



Unit



Value (USD billion)



Segmentation



Type; Diabetes Type; Distribution Channel; and Country/Sub-Region



By Type




  • Pumps

    • Tethered

    • Patch

    • Others



  • Consumables



By Diabetes Type




  • Diabetes 1

  • Diabetes 2



By Distribution Channel




  • Hospital Pharmacies

  • Retail & Online Pharmacies



 


By Country/Sub-Region




  • China (By Diabetes Type)

  • India (By Diabetes Type)

  • Japan (By Diabetes Type)

  • Australia (By Diabetes Type)

  • Southeast Asia (By Diabetes Type)

  • Rest of Asia Pacific (By Diabetes Type)






Frequently Asked Questions

Recording a CAGR of 20%, the market will exhibit steady growth during the forecast period of 2023-2030.

Rising prevalence of diabetes and increasing demand for these pumps among the regional population are some of the key factors driving the market.

Medtronic, Insulet Corporation, and Tandem Diabetes Care, Inc., are the major market players in Asia Pacific.

Japan dominated the market in 2022.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2019-2030
  • 2022
  • 2019-2021
  • 80

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X