Product Overview
Diabetes is a disease in which pancreas are not able to produce required insulin in the body. The uncontrolled diabetes results in the increase of the blood glucose. The diabetes care devices are especially used to diagnose the diabetes. The diabetes care devices are used to facilitate the required amount of insulin in the body. It is primarily used to check the level of glucose in the body. It uses blood sugar meters and strips in order to monitor the glucose level. The diabetes care devices are small in size and also portable.
Market Size and Forecast
The global diabetes care devices market is anticipated to expand at a CAGR around 6.0% during 2018-2027. It is expected to reach significant market size by 2027. The rising obese population coupled with lifestyle problem is the major factor anticipated to increase the market growth of the global diabetes care devices market during the forecast period. The global diabetes care devices market can be segmented on the basis of product and region. On the basis of the product, it is sub-segmented into blood glucose monitoring devices and insulin delivery devices. The blood glucose monitoring devices is anticipated to be the leading sub-segment of the product segment. The increasing use of the self-monitoring glucose devices across the globe is anticipated to boost the demand for the diabetes care devices during the forecast period. On the basis of blood glucose monitoring devices, global diabetes care devices market is again sub-segmented into testing strips, self-monitoring blood glucose meters, lancets and continuous blood glucose monitoring devices. The rising cases of the diabetes in the geriatric population coupled with technological advancement in the continuous blood glucose monitoring devices are also a reason for the sub-segment to lead the segment. On the basis of insulin delivery pipes, it is sub-segmented into insulin pumps, insulin syringes, insulin pens and insulin jet injectors.
By region, global diabetes care devices market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to lead the global diabetes care devices market throughout the forecast period. The increasing number of diabetic patients coupled with highly developed healthcare infrastructure is anticipated to boost the demand for the diabetes care devices in the region. Additionally, the increasing research and development in blood glucose monitoring devices and presence of the key market players in the region is also major factor for the region to lead the global diabetes care devices market. Asia-Pacific region is anticipated to be the fastest developing region for the global diabetes care devices market. The growing population in the region coupled with increasing health awareness is anticipated to drive the market growth in the region. Additionally, the government is also taking various initiatives in order to promote awareness among the population regarding diabetes. CLICK TO DOWNLOAD SAMPLE REPORT
Market Segmentation
Our in-depth analysis segmented the global diabetes care devices market in the following segments:
By Product
- Blood Glucose Monitoring Devices
- Testing Strips
- Self-monitoring Blood Glucose Meters
- Lancets
- Continuous Blood Glucose Monitoring Devices
- Insulin Delivery Devices
- Insulin Pumps
- Insulin Syringes
- Insulin Pens
- Insulin Jet Injectors
By Region
Global diabetes care devices market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Drivers and Challenges
The increasing incidence of diabetes among the growing population across the globe is anticipated to be the major growth driver for the global diabetes care devices market during the forecast period. The increasing lifestyle problem on the account of growing urbanization is anticipated to increase the demand for the diabetes care devices. The growing disposable income of the population is also anticipated to boost the global diabetes care devices market during the forecast period. The increasing awareness regarding the diabetes among the growing population is also anticipated to support the market growth of diabetes care devices market during the forecast period. The increasing technological advancement in the blood glucose monitoring devices is anticipated to provide key opportunities to the market players to establish themselves in the market. The developing healthcare industry across the various regions is also anticipated to be the major growth driver for the global diabetes care devices market.
However, high cost related to diabetes care devices is anticipated to be major restrain for the global diabetes care devices market during the forecast period.
Top Featured Companies Dominating The Market
- Dickinson and Company
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Abbott Laboratories
- ACON Laboratories, Inc.
- Ascensia Diabetes Care Holdings AG
- Becton
- Johnson & Johnson
- Dexcom, Inc.
- F. Hoffmann-La Roche Ltd
- Novo Nordisk A/S
- Medtronic plc
- Terumo Corporation
