Market by Product Type, Disease Indication, Distribution Channel, Delivery Mode, and Country Outlook | Forecast 2023-2030
According to the analysis by Triton Market Research, the insulin patch pump market in Latin America will advance with a CAGR of 8.36% during the forecast years from 2023 to 2030.
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The
countries evaluated in this region are:
•
Brazil
•
Mexico
•
Rest of Latin America
Brazil
is anticipated to exhibit the fastest growth in the regional market over the
forecasted duration. The rising health
consciousness is expected to drive the adoption of insulin patch pumps in Latin
America. However, the side effects associated with their use, such as swelling,
bruising, skin discoloration, etc., are likely to hinder their demand, thus negatively
impacting the market growth.
Data from the IDF
Diabetes Atlas shows that nearly 15.7 million people in Brazil were reported to
have diabetes in 2021. In addition, diabetes-related healthcare expenditure that
year was $42.9 billion. These factors have driven the use of insulin patch
pumps, thus driving market growth.
The presence of a well-structured
regulatory framework and the availability of experienced medical professionals
are other factors that support the insulin patch pump market’s growth in the
country.
The rising obesity
rates in Mexico have led to an increase in the prevalence of diabetes. According
to the IDF’s Diabetes Atlas, there were nearly 14.1 million diabetes patients in
the country in 2021, with the disease-related expenditure reaching a whopping
$19.9 billion. This, coupled with the technological developments in diabetes
care, is likely to augment the market growth.
Also, connected insulin
patch pump apps, which allow patients to import meter data to their smartphones,
are now widely available. The integration of data analytics and AI in diabetes
care devices is likely to further advance the studied market’s growth in the
country during the forecast period.
Basal or background
insulin is continuously delivered in tiny doses throughout the day & night.
The goal of the basal insulin delivery mode is to hold blood glucose levels
steady when one is not eating. The growing preference for basal delivery by
type 1 diabetes patients, especially due to its flexibility, is expected to
drive the segment’s growth during the forecast period.
Triton’s
report assesses the market according to delivery mode, product type, disease
indication, and distribution channel. Here,
the delivery mode segment includes basal, bolus, and basal & bolus.
The
acclaimed players in the insulin patch pump market are F Hoffmann La Roche AG,
Medtronic Plc, Terumo Corporation, CeQur SA, and Tandem Diabetes Care Inc.
Insulet
Corporation is an innovative medical device manufacturing
company that aims to improve the lives of patients affected by diabetes and
other conditions with its Omnipod delivery system. The Omnipod system ensures
non-stop insulin delivery via a tubeless and waterproof insulin pump known as
Pod-all. The company’s products are available in around 24 countries, including
Mexico. Insulet Corporation’s revenue reached $340.8 million in the third
quarter of FY 2022, reporting an increase from $275.6 million in the preceding
year.
Key deliverables of the report:
·
Market
CAGR during the forecasting years 2023-2030
·
Detailed
data highlighting key insights, industry components, and market strategies
·
Comprehensive
information and estimation of the insulin patch pump market revenue growth in
Latin America and its influence on the parent market
·
In-depth
study of forthcoming trends in consumer behavioral patterns
·
A
meticulous analysis of the competitive landscape, vendor scorecard, and
Porter’s Five Forces
·
A
wide-ranging study of factors that will challenge the LA insulin patch pump
market’s growth during the upcoming years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.
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VIEW REPORT1. LATIN
AMERICA INSULIN PATCH PUMP MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. PARENT
MARKET ANALYSIS
2.2. IMPACT
ANALYSIS ON THE INSULIN PATCH PUMP MARKET
2.2.1. COVID-19
IMPACT
2.2.2. UKRAINE-RUSSIA
WAR IMPACT
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
MATURITY ANALYSIS
2.5. INDUSTRY
COMPONENTS
2.5.1. RESEARCH
AND DEVELOPMENT
2.5.2. DEVELOPMENT
OF PRODUCT
2.5.3. DISTRIBUTION
2.6. REGULATORY
FRAMEWORK
2.7. KEY
BUYING IMPACT ANALYSIS
2.7.1. PRICE
2.7.2. PROPERTIES
OF PRODUCT
2.7.3. PURPOSE
2.8. KEY
MARKET STRATEGIES
2.8.1. COLLABORATIONS
2.8.2. PRODUCT
LAUNCHES
2.8.3. MERGERS
& ACQUISITIONS
2.9. MARKET
DRIVERS
2.9.1. GROWING
AWARENESS ABOUT INSULIN PATCH PUMPS
2.9.2. INTEGRATION
OF ADVANCED TECHNOLOGIES
2.9.3. RISING
PREVALENCE OF DIABETES AROUND THE GLOBE
2.10. MARKET
CHALLENGES
2.10.1. RISKS
RELATED TO THE USE OF INSULIN PUMPS
2.10.2. LACK
OF KNOWLEDGE PERTAINING TO USAGE
2.10.3. STRICT
REGULATIONS BY GOVERNMENT AUTHORITIES
2.11. MARKET
OPPORTUNITIES
2.11.1. INCREASING
POPULARITY OF GLUCOSE MONITORING SYSTEMS
2.11.2. USE
OF ARTIFICIAL INTELLIGENCE & MACHINE LEARNING FOR MANUFACTURING OF INSULIN
PUMPS
2.11.3. GROWING
EXPENDITURE ON DIABETES CARE
2.11.4. RISING
DEMAND FOR MINIMALLY INVASIVE DELIVERY SYSTEMS
2.12. ANALYST
PERSPECTIVE
3. LATIN
AMERICA INSULIN PATCH PUMP MARKET – BY PRODUCT TYPE
3.1. DISPOSABLE
3.2. REUSABLE
4. LATIN
AMERICA INSULIN PATCH PUMP MARKET – BY DISEASE INDICATION
4.1. TYPE
1 DIABETES
4.2. TYPE
2 DIABETES
5. LATIN
AMERICA INSULIN PATCH PUMP MARKET – BY DELIVERY MODE
5.1. BASAL
5.2. BOLUS
5.3. BASAL
& BOLUS
6. LATIN
AMERICA INSULIN PATCH PUMP MARKET – BY DISTRIBUTION CHANNEL
6.1. ONLINE
PHARMACIES
6.2. RETAIL
PHARMACIES
6.3. HOSPITAL
PHARMACIES
7. LATIN
AMERICA INSULIN PATCH PUMP MARKET – COUNTRY OUTLOOK
7.1. COUNTRY
ANALYSIS
7.1.1. BRAZIL
7.1.1.1. BRAZIL
INSULIN PATCH PUMP MARKET FORECAST & PROSPECTS
7.1.2. MEXICO
7.1.2.1. MEXICO
INSULIN PATCH PUMP MARKET FORECAST & PROSPECTS
7.1.3. REST
OF LATIN AMERICA
7.1.3.1. REST
OF LATIN AMERICA INSULIN PATCH PUMP MARKET FORECAST & PROSPECTS
8. COMPETITIVE
LANDSCAPE
8.1. MEDTRONIC
PLC
8.1.1. OVERVIEW
8.1.2. PORTFOLIO
8.1.3. KEY
STRENGTHS
8.1.4. KEY
CHALLENGES
8.2. F
HOFFMANN LA ROCHE AG
8.2.1. OVERVIEW
8.2.2. PORTFOLIO
8.2.3. KEY
STRENGTHS
8.2.4. KEY
CHALLENGES
8.3. INSULET
CORPORATION
8.3.1. OVERVIEW
8.3.2. PORTFOLIO
8.3.3. KEY
STRENGTHS
8.3.4. KEY
CHALLENGES
8.4. TANDEM
DIABETES CARE INC
8.4.1. OVERVIEW
8.4.2. PORTFOLIO
8.4.3. KEY
STRENGTHS
8.4.4. KEY
CHALLENGES
8.5. CEQUR
SA
8.5.1. OVERVIEW
8.5.2. PORTFOLIO
8.5.3. KEY
STRENGTHS
8.5.4. KEY
CHALLENGES
8.6. MEDTRUM
TECHNOLOGIES INC
8.6.1. OVERVIEW
8.6.2. PORTFOLIO
8.6.3. KEY
STRENGTHS
8.6.4. KEY
CHALLENGES
8.7. DEBIOTECH
SA
8.7.1. OVERVIEW
8.7.2. PORTFOLIO
8.7.3. KEY
STRENGTHS
8.7.4. KEY
CHALLENGES
8.8. TERUMO
CORPORATION
8.8.1. OVERVIEW
8.8.2. PORTFOLIO
8.8.3. KEY
STRENGTHS
8.8.4. KEY
CHALLENGES
8.9. EOFLOW
CO LTD
8.9.1. OVERVIEW
8.9.2. PORTFOLIO
8.9.3. KEY
STRENGTHS
8.9.4. KEY
CHALLENGES
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA
INSULIN PATCH PUMP MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: REGULATORY
FRAMEWORK
TABLE 3: LIST OF
COLLABORATIONS
TABLE 4: LIST OF
PRODUCT LAUNCHES
TABLE 5: LIST OF
MERGERS & ACQUISITIONS
TABLE 6: LATIN AMERICA
INSULIN PATCH PUMP MARKET, BY PRODUCT TYPE, 2023-2030 (IN $ MILLION)
TABLE 7: LATIN AMERICA
INSULIN PATCH PUMP MARKET, BY DISEASE INDICATION, 2023-2030 (IN $ MILLION)
TABLE 8: LATIN AMERICA
INSULIN PATCH PUMP MARKET, BY DELIVERY MODE, 2023-2030 (IN $ MILLION)
TABLE 9: LATIN AMERICA
INSULIN PATCH PUMP MARKET, BY DISTRIBUTION CHANNEL, 2023-2030 (IN $ MILLION)
TABLE 10: LATIN AMERICA
INSULIN PATCH PUMP MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
FIGURE 1: INSULIN
DELIVERY SYSTEMS
FIGURE 2: MARKET
MATURITY ANALYSIS
FIGURE 3: INDUSTRY
COMPONENTS
FIGURE 4: KEY BUYING
IMPACT ANALYSIS
FIGURE 5: LATIN AMERICA
INSULIN PATCH PUMP MARKET, BY PRODUCT TYPE, 2022 & 2030 (IN %)
FIGURE 6: LATIN AMERICA
INSULIN PATCH PUMP MARKET, BY DISPOSABLE, 2023-2030 (IN $ MILLION)
FIGURE 7: LATIN AMERICA
INSULIN PATCH PUMP MARKET, BY REUSABLE, 2023-2030 (IN $ MILLION)
FIGURE 8: LATIN AMERICA
INSULIN PATCH PUMP MARKET, BY DISEASE INDICATION, 2022 & 2030 (IN %)
FIGURE 9: LATIN AMERICA
INSULIN PATCH PUMP MARKET, BY TYPE 1 DIABETES, 2023-2030 (IN $ MILLION)
FIGURE 10: LATIN
AMERICA INSULIN PATCH PUMP MARKET, BY TYPE 2 DIABETES, 2023-2030 (IN $ MILLION)
FIGURE 11: LATIN
AMERICA INSULIN PATCH PUMP MARKET, BY DELIVERY MODE, 2022 & 2030 (IN %)
FIGURE 12: LATIN
AMERICA INSULIN PATCH PUMP MARKET, BY BASAL, 2023-2030 (IN $ MILLION)
FIGURE 13: LATIN
AMERICA INSULIN PATCH PUMP MARKET, BY BOLUS, 2023-2030 (IN $ MILLION)
FIGURE 14: LATIN
AMERICA INSULIN PATCH PUMP MARKET, BY BASAL & BOLUS, 2023-2030 (IN $
MILLION)
FIGURE 15: LATIN
AMERICA INSULIN PATCH PUMP MARKET, BY DISTRIBUTION CHANNEL, 2022 & 2030 (IN
%)
FIGURE 16: LATIN
AMERICA INSULIN PATCH PUMP MARKET, BY ONLINE PHARMACIES, 2023-2030 (IN $
MILLION)
FIGURE 17: LATIN
AMERICA INSULIN PATCH PUMP MARKET, BY RETAIL PHARMACIES, 2023-2030 (IN $
MILLION)
FIGURE 18: LATIN
AMERICA INSULIN PATCH PUMP MARKET, BY HOSPITAL PHARMACIES, 2023-2030 (IN $
MILLION)
FIGURE 19: LATIN
AMERICA INSULIN PATCH PUMP MARKET, COUNTRY OUTLOOK, 2022 & 2030 (IN %)
FIGURE 20: BRAZIL
INSULIN PATCH PUMP MARKET 2023-2030 (IN $ MILLION)
FIGURE 21: MEXICO
INSULIN PATCH PUMP MARKET 2023-2030 (IN $ MILLION)
FIGURE 22: REST OF
LATIN AMERICA INSULIN PATCH PUMP MARKET 2023-2030 (IN $ MILLION)