Market Size of Asia-Pacific Insulin Infusion Pumps Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 328.01 Million |
Market Size (2029) | USD 411.70 Million |
CAGR (2024 - 2029) | 4.65 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Insulin Infusion Pump Market Analysis
The Asia-Pacific Insulin Infusion Pumps Market size is estimated at USD 328.01 million in 2024, and is expected to reach USD 411.70 million by 2029, growing at a CAGR of 4.65% during the forecast period (2024-2029).
The conventional method of daily injections or an insulin pen can be replaced by an insulin infusion pump. Insulin infusion pumps alleviate discomfort, distribute insulin more precisely than injections, and prevent huge fluctuations in blood glucose levels. When utilizing pumps, mealtime planning is not necessary. Patients can use infusion pumps more easily as a result. Continuous subcutaneous insulin infusion is another name for insulin treatment (CSII). It is a reliable and adaptable way to administer insulin. The insulin pump has improved and is now more dependable than it ever was. Numerous technical developments have been made to CSII technology, including the incorporation of continuous glucose monitoring with the pump.
The Asia-Pacific region has witnessed a rapid increase in the number of individuals diagnosed with diabetes. This can be attributed to various factors such as sedentary lifestyles, unhealthy dietary habits, and genetic predisposition. As a result, there is a growing demand for effective and convenient diabetes management solutions, including insulin infusion pumps.
Insulin infusion pumps offer several advantages over traditional insulin delivery methods such as multiple daily injections. These pumps provide a continuous and precise delivery of insulin, mimicking the natural insulin secretion pattern of the body. This helps in achieving better glycemic control and reducing the risk of complications associated with diabetes. As awareness about the benefits of insulin infusion pumps increases, more individuals are opting for this advanced technology, thereby driving the market growth.
Furthermore, the Asia-Pacific region is witnessing rapid urbanization and economic development, leading to improved healthcare infrastructure and increased access to healthcare services. This has resulted in better diagnosis and management of diabetes, leading to a higher demand for insulin infusion pumps.
Therefore, owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period.
Asia-Pacific Insulin Infusion Pump Industry Segmentation
A tiny, automated device called an insulin pump delivers short-acting insulin continuously throughout the day. A pump also helps lower blood sugar levels by replacing several daily injections with a continuous insulin infusion. The Asia-Pacific insulin infusion pump market is segmented by insulin pumps (technology and components (insulin pump devices, insulin pump reservoirs, and infusion sets)), End user (Hospital/Clinics and Home/Personal), and geography (Japan, South Korea, China, India, Australia, Vietnam, Malaysia, Indonesia, the Philippines, Thailand, and the rest of Asia-Pacific). The report offers the value (in USD) and volume (in units) for the above segments. This report provides a segment-wise breakdown (value and volume) for all the countries covered under the table of contents.
Technology | |
Tethered Insulin Pump | |
Tubeless Insulin Pump |
Component | |
Insulin Pump Device | |
Insulin Pump Reservoir | |
Infusion Set |
End User | |
Hospital/Clinics | |
Home/Personal |
Geography | |
Japan | |
South Korea | |
China | |
India | |
Australia | |
Vietnam | |
Malaysia | |
Indonesia | |
Philippines | |
Thailand | |
Rest of Asia-Pacific |
Asia-Pacific Insulin Infusion Pumps Market Size Summary
The Asia-Pacific insulin infusion pump market is poised for significant growth, driven by the increasing prevalence of diabetes in the region. This rise in diabetes cases is largely due to lifestyle changes, dietary habits, and genetic factors, leading to a heightened demand for effective diabetes management solutions. Insulin infusion pumps offer a modern alternative to traditional insulin delivery methods, providing continuous and precise insulin delivery that mimics natural body functions. This technology not only enhances glycemic control but also reduces the risk of diabetes-related complications. As awareness of these benefits grows, more patients are opting for insulin pumps, thereby propelling market expansion. The region's rapid urbanization and economic development have further improved healthcare infrastructure, facilitating better diabetes diagnosis and management, which in turn boosts the demand for insulin infusion pumps.
The market is characterized by a few dominant players, with countries like Australia and China leading due to their high diabetes prevalence and substantial healthcare expenditure. Despite the high costs associated with insulin pumps, including ongoing expenses for consumables, improved insurance coverage and government initiatives are making these devices more accessible. Governments and healthcare organizations are increasingly promoting diabetes management programs that recommend insulin infusion pumps as effective tools, further driving market growth. Recent advancements in pump technology, such as Medtronic's MiniMed 780G system, highlight the ongoing innovation in this field. Additionally, initiatives like Australia's expanded access to subsidized insulin pumps underscore the region's commitment to enhancing diabetes care, supporting the anticipated growth of the market.
Asia-Pacific Insulin Infusion Pumps Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Drivers
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1.3 Restraints
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1.4 Technology
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1.5 Porter's Five Forces Analysis
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1.5.1 Bargaining Power of Suppliers
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1.5.2 Bargaining Power of Consumers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitute Products and Services
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Technology
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2.1.1 Tethered Insulin Pump
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2.1.2 Tubeless Insulin Pump
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2.2 Component
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2.2.1 Insulin Pump Device
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2.2.2 Insulin Pump Reservoir
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2.2.3 Infusion Set
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2.3 End User
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2.3.1 Hospital/Clinics
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2.3.2 Home/Personal
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2.4 Geography
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2.4.1 Japan
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2.4.2 South Korea
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2.4.3 China
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2.4.4 India
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2.4.5 Australia
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2.4.6 Vietnam
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2.4.7 Malaysia
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2.4.8 Indonesia
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2.4.9 Philippines
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2.4.10 Thailand
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2.4.11 Rest of Asia-Pacific
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Asia-Pacific Insulin Infusion Pumps Market Size FAQs
How big is the Asia-Pacific Insulin Infusion Pumps Market?
The Asia-Pacific Insulin Infusion Pumps Market size is expected to reach USD 328.01 million in 2024 and grow at a CAGR of 4.65% to reach USD 411.70 million by 2029.
What is the current Asia-Pacific Insulin Infusion Pumps Market size?
In 2024, the Asia-Pacific Insulin Infusion Pumps Market size is expected to reach USD 328.01 million.