Philippines Insulin Patch Pumps Market Size & Outlook
Philippines insulin patch pumps market, 2018-2030 (US$M)
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Philippines insulin patch pumps market highlights
- The Philippines insulin patch pumps market generated a revenue of USD 9.2 million in 2023 and is expected to reach USD 21.4 million by 2030.
- The Philippines market is expected to grow at a CAGR of 12.8% from 2024 to 2030.
- In terms of segment, basal and bolus was the largest revenue generating delviery mode in 2023.
- Basal and Bolus is the most lucrative delviery mode segment registering the fastest growth during the forecast period.
Insulin patch pumps market data book summary
| Market revenue in 2023 | USD 9.2 million |
| Market revenue in 2030 | USD 21.4 million |
| Growth rate | 12.8% (CAGR from 2023 to 2030) |
| Largest segment | Basal and bolus |
| Fastest growing segment | Basal and Bolus |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Basal, Bolus, Basal and Bolus |
| Key market players worldwide | Medtronic PLC, Roche Holding AG, Insulet Corp, Terumo Corp, Tandem Diabetes Care Inc, CeQur Simplicity, Medtrum, Debiotech |
Other key industry trends
- In terms of revenue, Philippines accounted for 0.9% of the global insulin patch pumps market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China insulin patch pumps market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 77.8 million by 2030.
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Insulin Patch Pumps Market Scope
Insulin Patch Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
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Philippines insulin patch pumps market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to insulin patch pumps market will help companies and investors design strategic landscapes.
Basal and bolus was the largest segment with a revenue share of 56.52% in 2023. Horizon Databook has segmented the Philippines insulin patch pumps market based on basal, bolus, basal and bolus covering the revenue growth of each sub-segment from 2018 to 2030.
The prevalence of diabetes in the Philippines is increasing rapidly. According to the International Diabetes Federation, the Philippines has a diabetes prevalence of 7.1% of total adult population.
Rapid urbanization and growing adoption of a sedentary lifestyle are adding significantly to the disease prevalence. Diabetes care in the Philippines is challenged and disadvantaged, with respect to low government support, lack of sufficient reimbursement policies, and economic conditions.
The insurance system in the Philippines does not cover all diabetes care avenues, offering limited coverage. Thus, for daily medication, diabetic patients mainly rely on out-of-pocket expenses.
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Target buyers of Philippines insulin patch pumps market databook
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Our clientele includes a mix of insulin patch pumps market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Philippines insulin patch pumps market , including forecasts for subscribers. This country databook contains high-level insights into Philippines insulin patch pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Philippines insulin patch pumps market size, by delviery mode, 2018-2030 (US$M)
Philippines Insulin Patch Pumps Market Outlook Share, 2023 & 2030 (US$M)
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