Global Diabetes Care Devices Market Outlook, Opportunities And Strategies
Learn about the global diabetes care devices market through The Business Research Company, which provides information on diabetes care devices market size, diabetes care devices market drivers and restraints, diabetes care devices market players, the COVID-19 impact on the diabetes care devices market, and more.
The market for diabetes care devices reached a value of nearly $39,508.5 million in 2020, having grown at 7.2% since 2015 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% to nearly $54,309.8 million by 2025.
Increase in R&D investments and research collaborations, increase in disease burden, government initiatives and technological development will drive the growth.
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The diabetes care devices (or) equipment 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. This industry includes establishments that produce blood glucose test strips, continuous glucose monitoring devices, and blood glucose meters used to check blood glucose levels, insulin pens, syringes, pumps and injectors used to inject insulin, and others.
Global Diabetes Care Devices Market Segments Include:
By Type – Blood Glucose Test Strips, Lancing Devices, Continuous Glucose Monitoring Devices, Insulin Pens, Syringes, Pumps And Injectors
By Type Of Expenditure- Public, Private, Insulin Pumps
By End Use- Hospitals And Clinics, Diagnostic Centres, Others
By Product- Disposables, Instruments/Equipment
By Type Of Testing- Point Of Care Testing, Non-Point Of Care Testing
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 market for diabetes care devices companies, accounting for 48.3% of the global market.
One of the latest innovations in the diabetes care devices is the use of stick free glucose testing. Stick free glucose testing is advantageous as frequent needle sticks to test blood sugar are unpleasant. Testing blood sugar helps make decisions about a patients’ lifestyle such as what to eat, how often to exercise, and insulin dosing. Continuous glucose monitoring (CGM), helps patients avoid the stick. CGM measures patients’ blood sugar every few minutes via a tiny sensor inserted under the skin of the belly or arm, and sends the results wirelessly to a pump, smartphone, or other device.
TBRC’s diabetes care devices market report covers:
Major Market Players: Abbott, Medtronic plc, Dexcom Inc., Roche Holding AG, 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 (2016-21) and ten years forecast (2022-2026-2031)
The Diabetes Care Devices Global Market Report 2022: Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides diabetes care devices market overviews, analyses and forecasts market size, share, diabetes care devices market players, diabetes care devices market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s diabetes care devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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