Global Portable Insulin Cooler Cases Market

Report ID : 1368 | Published : 2022-09-26 | Pages: | Format: PDF/EXCEL

The market size of the Global Portable Insulin Cooler Cases Market is predicted to record an 8.32% CAGR during the forecast period.

Patients with type 1 diabetes generate either very little or no insulin, necessitating lifelong medication. The preservation of insulin vials requires the use of a suitable storage solution. Insulin's effectiveness decreases when the temperature exceeds the recommended range. Additionally, growing public awareness of diabetes preventative measures and the efficient administration of insulin is contributing to market expansion. By limiting drug loss, proper storage can dramatically lower the cost of treatment. To retain insulin potency, patients must maintain storage temperature. The two main drivers influencing the market are the rising prevalence of diabetes and the increasing use of sophisticated insulin delivery devices. Additionally, one key factor driving the market is the increased need for improved storage choices. Long-term insulin-carrying options are now more popular due to the development of insulin pumps, which is expected to fuel portable insulin cooler cases market expansion over the coming years.

The number of obese people has increased due to increased urbanization, sedentary behaviour, and nutrition changes. Approximately 463 million people worldwide currently have diabetes, which is projected to rise to 578 million by 2030, according to the International Diabetes Federation. The use of tobacco and alcohol, as well as a high intake of refined carbohydrates, are other variables leading to an increase in diabetes cases, further driving the market growth.

Market Segmentation:

The Portable Insulin Cooler Cases market is segmented on the type and application. Based on type, the market is segmented into powered insulin coolers and non-powered insulin coolers. Based on application, the Portable Insulin Cooler Cases are segmented into medicine storage, chemical storage and others.

Based on type, the powered insulin coolers segment is accounted as a major contributor to the Portable Insulin Cooler Cases market.

Based on type, the market is segmented into powered insulin coolers and non-powered insulin coolers. The powered insulin coolers category dominated the market. By putting necessary drugs in the powered insulin cooler cases, you can keep them chilled even if the power goes out. The patient's access to insulin is maintained.

The medicine storage segment witnessed growth at a rapid rate.

Based on application, the Portable Insulin Cooler Cases are segmented into medicine storage, chemical storage and others. The medicine storage category dominated the market. All insulins must be maintained carefully to keep them safe and effective. Insulin's capacity to reliably and effectively control your blood sugar level could be hampered by improper storage, which could cause insulin to break down.

In the region, the North America Portable Insulin Cooler Cases market holds a significant revenue share.

The North American Portable Insulin Cooler Cases market is expected to register the highest market share shortly because of a sizable patient base and advantageous reimbursement procedures. The American Diabetes Association estimates that 34.2 million Americans had diabetes in 2018 and that the number of people in the region who have the disease is increasing quickly. Diabetes patients need to keep their insulin in a regulated environment, which increases the need for portable insulin cooler cases and propels the market in this area. In addition, Asia Pacific is projected to show lucrative growth opportunities in the global Portable Insulin Cooler Cases market due to increased disease awareness and prevalence, encouraging efficient use and storage of insulin. Government initiatives and educational activities are also anticipated to fuel market expansion during the anticipated period. Nearly 60% of people with diabetes are found in Asia. Furthermore, Asia Pacific has experienced unprecedented urbanization and economic growth in recent years. The demand for portable insulin cooler cases in the region is being driven by an increase in the number of working population diabetics.

Competitive Landscape

The key players in the Portable Insulin Cooler Cases market have shifted their focus toward product manufacturing and are initiating significant strategies such as mergers, acquisitions, and joint ventures of major and domestic players to enhance their product portfolio and strengthen their global market footprint. Some key players in the Portable Insulin Cooler Cases market are AIJUN, 4AllFamily, TempraMed, FRIO, Sugar Medical, Fridge To Go, Lifeina, DisonCare, Cooluli, Apollo Walker, MediCool, ResMed, Coolbox, Dometic, Nylex Esky, Health, SAST, AMOI, Xinhua Electronics, MCOOL, TGBOX and Fuxin Technology.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Portable Insulin Cooler Cases Market Snapshot

Chapter 4. Global Portable Insulin Cooler Cases Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis

5.1. by Type & Market Share, 2019 & 2030

5.2. Market Size (Value (US$ Mn) & Volume (no. of units) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Type:

5.2.1. Powered Insulin Coolers

5.2.2. Non-Powered Insulin Cooler

Chapter 6. Market Segmentation 2: by Applications Estimates & Trend Analysis

6.1. by Applications & Market Share, 2019 & 2030

6.2. Market Size (Value (US$ Mn) & Volume (no. of units) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Applications:

6.2.1. Medicine Storage

6.2.2. Chemical Storage

6.2.3. Others

Chapter 7. Portable Insulin Cooler Cases Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Portable Insulin Cooler Cases Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2030

7.1.2. North America Portable Insulin Cooler Cases Market Revenue (US$ Million) Estimates and Forecasts by Applications, 2019-2030

7.1.3. North America Portable Insulin Cooler Cases Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2030

7.2. Europe

7.2.1. Europe Portable Insulin Cooler Cases Market revenue (US$ Million) by Type, 2019-2030

7.2.2. Europe Portable Insulin Cooler Cases Market revenue (US$ Million) by Applications, 2019-2030

7.2.3. Europe Portable Insulin Cooler Cases Market revenue (US$ Million) by country, 2019-2030

7.3. Asia Pacific

7.3.1. Asia Pacific Portable Insulin Cooler Cases Market revenue (US$ Million) by Type, 2019-2030

7.3.2. Asia Pacific Portable Insulin Cooler Cases Market revenue (US$ Million) by Applications, 2019-2030

7.3.3. Asia Pacific Portable Insulin Cooler Cases Market revenue (US$ Million) by country, 2019-2030

7.4. Latin America

7.4.1. Latin America Portable Insulin Cooler Cases Market revenue (US$ Million) by Type, 2019-2030

7.4.2. Latin America Portable Insulin Cooler Cases Market revenue (US$ Million) by Applications, 2019-2030

7.4.3. Latin America Portable Insulin Cooler Cases Market revenue (US$ Million) by country, 2019-2030

7.5. Middle East & Africa

7.5.1. Middle East & Africa Portable Insulin Cooler Cases Market revenue (US$ Million) by Type, 2019-2030

7.5.2. Middle East & Africa Portable Insulin Cooler Cases Market revenue (US$ Million) by Applications, 2019-2030

7.5.3. Middle East & Africa Portable Insulin Cooler Cases Market revenue (US$ Million) by country, 2019-2030

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. AIJUN

8.2.2. 4AllFamily

8.2.3. TempraMed

8.2.4. FRIO

8.2.5. Sugar Medical

8.2.6. Fridge To Go

8.2.7. Lifeina

8.2.8. DisonCare

8.2.9. Cooluli

8.2.10. Apollo Walker

8.2.11. MediCool

8.2.12. ResMed

8.2.13. Coolbox

8.2.14. Dometic

8.2.15. Nylex Esky

8.2.16. Health

8.2.17. SAST

8.2.18. AMOI

8.2.19. Xinhua Electronics

8.2.20. MCOOL

8.2.21. TGBOX

8.2.22. Fuxin Technology

8.2.23. Other Prominent Players

By Type-

  • Powered Insulin Coolers
  • Non-Powered Insulin Cooler

By Applications-

  • Medicine Storage
  • Chemical Storage
  • Others

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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