Insulin Pump Market to Reach More than USD 6 Billion by 2028, A 2X Growth - Arizton

CLYDE, Texas - Feb. 22, 2023 - PRLog -- The insulin pump market (https://www.arizton.com/market-reports/insulin-pump-market) will grow at a CAGR of 8.4% during 2022-2028, according to Arizton's latest research report. New products launched and technological advancement in diabetes care, increasing demand for closed-loop technology, and transition of patients from multiple daily injections to the insulin pump are key trends in the market.
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APAC to Witness Fastest Growth Rate in the Insulin Pump Market
APAC is a rapidly growing market for insulin pumps with a significant volume of the diabetic patient population and rising diabetes health expenditure. China is one of the dominating countries for insulin pumps, with the high expenditure and highest diabetic patient population across the world. In addition, the access and continuous development of insulin pump delivery devices increase awareness among the people. The available market players, R&D, product launches, and upgradation in the country accelerate the availability of insulin pumps. Moreover, in Japan, the rising type 1 diabetic patient population with high demand for safer insulin delivery solutions propels the market growth. In addition, market players, such as Terumo Corporation, are stepping up for insulin pump delivery in the regional and global markets, thereby giving new shape to the market landscape in the country.

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