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Insulin Storage Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global insulin storage devices market reached a value of US$ 737 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 8.3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Insulin is a natural glucose-lowering hormone that is invasively administered to diabetic patients for regulating their blood sugar levels. Insulin storage devices are adopted to maintain the efficacy of insulin and primarily include insulated kits, insulin cooling wallets or pouches, insulated cooler bags, and battery-operated storage devices. Insulin storage devices are widely adopted across clinics, hospitals, academic and research institutes, home-based medical setups, etc.

The high prevalence of diabetes due to hectic consumer lifestyles and unhealthy dietary patterns is primarily driving the market growth. The rising consumer awareness towards the use of insulin in diabetes preventive care is also augmenting the product demand. Moreover, the increasing healthcare expenditures have led to the emergence of advanced insulin storage devices offering high portability and secured handling. These smart insulin storage devices also provide additional features, such as temperature alert, dose reminders, expiry alert, and auto messaging. Moreover, the emergence of virtual training programs for diabetes management coupled with the increasing penetration of cloud-based health tracking solutions is also driving the market growth. Rapid innovations in the sector have also led to the introduction of biochemical sensors, laboratory-on-a-chip, and real-time monitoring technologies, that offer quick detection of insulin levels in the body. The emergence of smart wearables offering point-of-care testing with high diagnostic accuracy and prompt clinical evaluation is also catalyzing the demand for portable insulin storage devices. Furthermore, various technological advancements have led to the emergence of innovative digital diabetes management tools, including smart insulin patches, closed-loop insulin pumps, and advanced insulin pens.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global insulin storage devices market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on product type and patient type.

Breakup by Product Type:

  • Battery Operated Insulin Storage Devices
  • Insulated Kits
    • Insulin Cooling Wallets
    • Insulated Cooler Bags
    • Insulin Cooling Pouches
       

Breakup by Patient Type:

  • Type 1 Diabetes Patients
  • Type 2 Diabetes Patients
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Thailand
    • Malaysia
    • Vietnam
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Others
  • Middle East and Africa
    • Turkey
    • South Africa
    • Saudi Arabia
    • UAE
    • Others
       

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Arkray Inc., COOL Sarl, Cooluli, DISONCARE, Medicool Inc., ReadyCare LLC, TAWA Outdoor (Xiamen Tawa Enterprise Co. Ltd.) , Zhengzhou Dison Electric Co. Ltd. and Zhengzhou Olive Electronic Technology Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Million
Segment Coverage Product Type, Patient Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, China, Japan, India, South Korea, Australia, Indonesia, Thailand, Malaysia, Vietnam, Germany, France, United Kingdom, Italy, Spain, Russia, Brazil, Mexico, Argentina, Turkey, South Africa, Saudi Arabia, UAE
Companies Covered Arkray Inc., COOL Sarl, Cooluli, DISONCARE, Medicool Inc., ReadyCare LLC, TAWA Outdoor (Xiamen Tawa Enterprise Co. Ltd.) , Zhengzhou Dison Electric Co. Ltd. and Zhengzhou Olive Electronic Technology Co.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global insulin storage devices market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global insulin storage devices market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the patient type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global insulin storage devices market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Insulin Storage Devices Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Battery Operated Insulin Storage Devices
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Insulated Kits
        6.2.1 Market Trends
        6.2.2 Major Types
           6.2.2.1 Insulin Cooling Wallets
              6.2.2.1.1 Market Trends
              6.2.2.1.2 Market Forecast
           6.2.2.2 Insulin Cooler Bags
              6.2.2.2.1 Market Trends
              6.2.2.2.2 Market Forecast
           6.2.2.3 Insulated Cooling Pouches
              6.2.2.3.1 Market Trends
              6.2.2.3.2 Market Forecast
        6.2.3 Market Forecast
7    Market Breakup by Patient Type
    7.1    Type 1 Diabetes Patients
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Type 2 Diabetes Patients
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Thailand
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
        8.2.8 Malaysia
           8.2.8.1 Market Trends
           8.2.8.2 Market Forecast
        8.2.9 Vietnam
           8.2.9.1 Market Trends
           8.2.9.2 Market Forecast
        8.2.10 Others
           8.2.10.1 Market Trends
           8.2.10.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Argentina
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
        8.4.4 Others
           8.4.4.1 Market Trends
           8.4.4.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Turkey
           8.5.1.1 Market Trends
           8.5.1.2 Market Forecast
        8.5.2 South Africa
           8.5.2.1 Market Trends
           8.5.2.2 Market Forecast
        8.5.3 Saudi Arabia
           8.5.3.1 Market Trends
           8.5.3.2 Market Forecast
        8.5.4 UAE
           8.5.4.1 Market Trends
           8.5.4.2 Market Forecast
        8.5.5 Others
           8.5.5.1 Market Trends
           8.5.5.2 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Arkray Inc.
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio 
        13.3.2    COOL Sarl
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio 
        13.3.3    Cooluli
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio 
        13.3.4    DISONCARE
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio 
        13.3.5    Medicool Inc.
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio 
        13.3.6    ReadyCare LLC
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio 
        13.3.7    TAWA Outdoor (Xiamen Tawa Enterprise Co. Ltd.)
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio 
        13.3.8    Zhengzhou Dison Electric Co. Ltd.
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio 
        13.3.9    Zhengzhou Olive Electronic Technology Co. Ltd.
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio 

List of Figures

Figure 1: Global: Insulin Storage Devices Market: Major Drivers and Challenges
Figure 2: Global: Insulin Storage Devices Market: Sales Value (in Million US$), 2015-2020
Figure 3: Global: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Global: Insulin Storage Devices Market: Breakup by Product Type (in %), 2020
Figure 5: Global: Insulin Storage Devices Market: Breakup by Patient Type (in %), 2020
Figure 6: Global: Insulin Storage Devices Market: Breakup by Region (in %), 2020
Figure 7: Global: Insulin Storage Devices (Battery Operated Insulin Storage Devices) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Global: Insulin Storage Devices (Battery Operated Insulin Storage Devices) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Insulin Storage Devices (Insulated Kits) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Insulin Storage Devices (Insulated Kits) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Insulin Storage Devices (Insulin Cooling Wallets) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Insulin Storage Devices (Insulin Cooling Wallets) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Insulin Storage Devices (Insulated Cooler Bags) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Insulin Storage Devices (Insulated Cooler Bags) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Insulin Storage Devices (Insulin Cooling Pouches) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Insulin Storage Devices (Insulin Cooling Pouches) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Insulin Storage Devices (Type 1 Diabetes Patients) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Insulin Storage Devices (Type 1 Diabetes Patients) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Insulin Storage Devices (Type 2 Diabetes Patients) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Insulin Storage Devices (Type 2 Diabetes Patients) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: North America: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: North America: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: United States: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: United States: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Canada: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Canada: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Asia Pacific: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Asia Pacific: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: China: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: China: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Japan: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Japan: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: India: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: India: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: South Korea: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: South Korea: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Australia: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Australia: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Indonesia: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Indonesia: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Thailand: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Thailand: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Malaysia: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Malaysia: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Vietnam: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Vietnam: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Others: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Others: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Europe: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Europe: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Germany: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Germany: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: France: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: France: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: United Kingdom: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: United Kingdom: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Italy: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Italy: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Spain: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Spain: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Russia: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Russia: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Others: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Others: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Latin America: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Latin America: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Brazil: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Brazil: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Mexico: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Mexico: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Argentina: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Argentina: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Others: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Others: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Middle East and Africa: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Middle East and Africa: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Turkey: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Turkey: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: South Africa: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: South Africa: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Saudi Arabia: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Saudi Arabia: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: UAE: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: UAE: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Others: Insulin Storage Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 86: Others: Insulin Storage Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 87: Global: Insulin Storage Devices Industry: SWOT Analysis
Figure 88: Global: Insulin Storage Devices Industry: Value Chain Analysis
Figure 89: Global: Insulin Storage Devices Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Insulin Storage Devices Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Insulin Storage Devices Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Insulin Storage Devices Market Forecast: Breakup by Patient Type (in Million US$), 2021-2026
Table 4: Global: Insulin Storage Devices Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Insulin Storage Devices Market: Competitive Structure
Table 6: Global: Insulin Storage Devices Market: Key Players

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