South Africa Insulin Patch Pumps Market Size & Outlook
South Africa insulin patch pumps market, 2018-2030 (US$M)
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South Africa insulin patch pumps market highlights
- The South Africa insulin patch pumps market generated a revenue of USD 8.5 million in 2023 and is expected to reach USD 19.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 12.4% 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 8.5 million |
| Market revenue in 2030 | USD 19.4 million |
| Growth rate | 12.4% (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, South Africa 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 Middle East & Africa, South Africa insulin patch pumps market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 12.1 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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South Africa 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 56.47% in 2023. Horizon Databook has segmented the South Africa insulin patch pumps market based on basal, bolus, basal and bolus covering the revenue growth of each sub-segment from 2018 to 2030.
The country’s economic development and major unmet healthcare needs are likely to remain primary growth drivers of this market. Expected increase in healthcare spending and growth in demand for advanced healthcare treatments are anticipated to boost the country’s insulin pump market during the forecast period.
Moreover, the government is undertaking initiatives to regulate the healthcare industry in South Africa. The South African devices market is very price sensitive. Currently, the Medicines Control Council (MCC) regulates devices that have the pharmaceutical label attached to them.
The regulatory process of these devices is lengthy and complicated, which is expected to restrain the market to a certain extent.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa insulin patch pumps market , including forecasts for subscribers. This country databook contains high-level insights into South Africa insulin patch pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa insulin patch pumps market size, by delviery mode, 2018-2030 (US$M)
South Africa Insulin Patch Pumps Market Outlook Share, 2023 & 2030 (US$M)
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