The Global Diabetes Care Devices Market Report by The Business Research Company covers diabetes care devices market drivers and restraints, diabetes care devices market size, major players, and the impact of COVID-19 on the diabetes care devices market.

The diabetes care devices market consists of sales of diabetes care devices and related services by entities (organizations, sole traders and partnerships) that produce diabetes care devices used to monitor and control blood glucose levels in diabetic patients.

The global diabetes care devices market is expected to grow from $39.51 billion in 2020 to $41.84 billion in 2021 at a compound annual growth rate (CAGR) of 5.9%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $54.31 billion in 2025 at a CAGR of 7%.

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Some diabetes care devices market trends include pharmaceutical companies investing in developing and commercializing glucose responsive insulins (GRIs), providing significant opportunities for the development of new types of insulin delivery devices. For example, Novo Nordisk, a Danish pharmaceutical company, has planned to develop GRIs by acquiring UK biotech start-up Ziylo with an investment of $800 million. Companies such as Eli Liy and Sanofi have also planned research projects to develop GRIs. GRIs are ‘smart’ insulins which automatically activate or deactivate in response to changing glucose levels in the blood. They improve diabetes treatment efficacy and reduce the incidence of hyperglycemia and hypoglycemia.

Global diabetes care devices market segments include:

1) By Type: Blood Glucose Test Strips, Insulin Pens, Syringes, Pumps And Injectors, Lancing Devices And Equipment, Continuous Glucose Monitoring Devices And Equipment, Blood Glucose Meters.

2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Others.

3) By Type of Expenditure: Public, Private.

4) By Product: Instruments/Equipment, Disposables.

Subsegments Covered: Glucose Dehydrogenase, Glucose Oxidase, Pens, Injectors And Pumps, Syringes.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Among these regions, North America is the largest region in the global diabetes care devices market, accounting for 48% of the market.

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The Diabetes Care Devices Global Market Report 2021: COVID-19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides diabetes care devices market overviews, analyzes and forecasts market size, share, diabetes care devices market players, diabetes care devices market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The diabetes care devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Diabetes Care Devices Global Market Report 2021: COVID-19 Implications And Growth to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Roche, Medtronic, J&J, Abbott, Becton, Dickinson and Company

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Diabetes Care Devices Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Diabetes Care Devices Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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