According to the latest report by IMARC Group,the global insulin storage devices market size reached US$ 737 Million in 2020.
Insulin is the glucose-lowering hormone that is administered to diabetic patients periodically for maintaining optimum blood sugar levels. The storage of insulin is pertinent to the efficacy of the drug. Depending upon the type of insulin prescription, the storage instructions and conditions vastly vary.
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Global Insulin Storage Devices Market Outlook 2026:
According to the latest report by IMARC Group, titled "Insulin Storage Devices Market: Global Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global insulin storage devices
market size reached US$ 737 Million in 2020.
Insulin is the glucose-lowering hormone that is administered to diabetic patients periodically for
maintaining optimum blood sugar levels. The storage of insulin is pertinent to the efficacy of the drug.
Depending upon the type of insulin prescription, the storage instructions and conditions vastly vary.
However, all types of insulins must be stored with care to ensure their safety and effectiveness as
improper storage may result in the breakdown of the same, which largely affects their ability to
predictably control blood sugar levels.
They are sensitive to extreme temperature and need to be stored away from direct sunlight as it can
degrade the quality of the packaged hormone. Some of the most commonly utilized insulin storage
devices include insulated kits, insulin cooling pouches, insulated cooler bags and battery-operated
storage devices.
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Global Insulin Storage Devices Market Trends:
The global market is primarily driven by the increasing prevalence of diabetes. This can be accredited
to the unhealthy dietary patterns and the sedentary lifestyles led by the masses, along with the
growing geriatric population that is prone to develop chronic diseases.
Along with this, there has been a rise in awareness regarding the complications of prolonged diabetes
among the masses. This has impelled them to shift from oral drugs to insulin treatment due to the
enhanced efficiency and outcomes associated with it, which is providing an impetus to the market
growth.
Apart from this, the rising inclination of patients toward enhanced diabetes preventive care has led to
the uptake of advanced insulin storage devices that offer high portability and secure handling.
Numerous smart product variants are also equipped with innovative features, such as dose reminders,
expiry alerts, temperature alerts and auto messaging. This, coupled with the growing popularity of
virtual training programs for diabetes management, is creating a positive outlook for the market.
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5. Some of the other factors contributing to the market growth include the emergence of innovative
digital diabetes management tools and the increasing utilization of biochemical sensors and real-time
monitoring technologies.
Market Summary:
Breakup by Product Type:
• Battery operated insulin storage devices
• Insulated kits
Breakup by Patient Type:
• Type 1 diabetes patients
• Type 2 diabetes patients
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6. Breakup by Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
On account of the aforementioned factors, the market is anticipated to expand at a CAGR of 8.30%
during 2021-2026.
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9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients