Global Insulin Storage Devices Industry

Summary

Abstract:

What’s New for 2022?

Global competitiveness and key competitor percentage market shares
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Global Insulin Storage Devices Market to Reach $1.3 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Insulin Storage Devices estimated at US$767.8 Million in the year 2020, is projected to reach a revised size of US$1.3 Billion by 2027, growing at a CAGR of 8.2% over the analysis period 2020-2027. Battery Operated Devices, one of the segments analyzed in the report, is projected to record a 8% CAGR and reach US$765.5 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Insulin Cooling Wallets segment is readjusted to a revised 9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $209.2 Million, While China is Forecast to Grow at 12.1% CAGR

The Insulin Storage Devices market in the U.S. is estimated at US$209.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$287.7 Million by the year 2027 trailing a CAGR of 12.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 7.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$181.6 Million by the year 2027.



Cooling Pouches Segment to Record 8.3% CAGR

In the global Cooling Pouches segment, USA, Canada, Japan, China and Europe will drive the 8.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$63.6 Million in the year 2020 will reach a projected size of US$106.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 9.7% CAGR through the analysis period.

Select Competitors (Total 42 Featured) -
Arkray, Inc.
B Medical Systems
Cool Sarl
Cooluli
Disoncare
Medichill
Medicool, Inc.
ReadyCare, LLC
The Cool Ice Box Company Limited
Tropicool India
Xiamen Tawa Enterprise Co., Ltd.
Zhengzhou Defrigus Electric Device Co., Ltd.

Methodology

Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.

The data is gathered from a wide range of sources, including industry reports, government statistics, and company financials. This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary interviews are conducted with industry experts and key stakeholders to gather their insights and perspectives on the market. This information is then combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis is also carried out to understand the impact of external factors on the market. Finally, country-level data analysis is performed to understand the market dynamics in specific regions and countries.

Reportlinker's market research methodology is designed to provide clients with a clear understanding of the market, its trends, and its future potential.

Related Topics

• Insulin
• Life Sciences
• Pharmaceutical
• Therapy
• Antidiabetics

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