The Global Diabetes Care Devices Market Research Report published by Emergen Research is furnished with the latest information about product specifications and portfolio, technological advancement, product type, and manufacturing. Major factors such as revenue, costs, and gross margin are taken into consideration while formulating this report. The report provides extensive data concerning the key market players along with their SWOT analysis, financial standing, technological and product development, and recent strategic business expansion plans.
The diabetes care devices market is a rapidly growing segment of the healthcare industry. Diabetes is a chronic disease that affects millions of people worldwide, and diabetes care devices are medical devices used to manage and monitor blood glucose levels in diabetic patients. The global diabetes care devices market size reached USD 22.85 Billion in 2022 and is expected to register a steady revenue CAGR of 6.50% during the forecast period, according to latest analysis by Emergen Research.
One of the major drivers of the diabetes care devices market is the increasing prevalence of diabetes. According to the International Diabetes Federation, approximately 463 million adults were living with diabetes worldwide in 2019, and this number is expected to rise to 700 million by 2045. This has led to a growing demand for diabetes care devices, particularly blood glucose monitoring devices, insulin delivery devices, and other diabetes care accessories.
Another driver of the diabetes care devices market is the increasing adoption of digital diabetes care devices. Manufacturers are developing more advanced diabetes care devices that use digital technology to improve the accuracy and convenience of blood glucose monitoring and insulin delivery. For example, continuous glucose monitoring (CGM) devices can provide real-time glucose readings and alerts to help diabetic patients manage their blood glucose levels more effectively.
According to the World Health Organization, diabetes is a major cause of blindness, kidney failure, heart attacks, stroke, and lower limb amputation worldwide. In 2019, diabetes was the seventh leading cause of death worldwide.
In the United States, the Centers for Disease Control and Prevention estimates that approximately 34.2 million people, or 10.5% of the population, have diabetes. Approximately 88 million adults, or one in three adults, have prediabetes.
In Europe, the International Diabetes Federation estimates that approximately 59 million adults have diabetes, and this number is expected to rise to 68 million by 2045.
Market Scope: The report explains the scope of various commercial possibilities in the global Diabetes Care Devices market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
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Key insights presented in the report:
- Market revenue shares by major business players, by type, by application, and market scope of global Diabetes Care Devices market
- Sales revenue by key players and new entrants
- Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
- Recent mergers, acquisitions, product launches, recent investments, and joint ventures
- Regional analysis to provide insight into recent trends and opportunities
The report provides comprehensive details about the market with respect to overall revenue, sales and consumption, pricing trends, gross margins, growth rate, and market size. Additionally, the report also covers details of the company, such as sales and distribution area, product portfolios, specifications, and others.
The report also discusses key players involved in the market, such as
Sanofi, Lilly, Medtronic, Ypsomed AG, Procter Gamble, F. Hoffmann-La Roche Ltd, Novo Nordisk A/S, Insulet Corporation, Abbott, BD
The competitive analysis also includes regional analysis of major geographical regions.
The report covers regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Based on Type, the market is segmented into:
Type Outlook (Revenue, USD Billion; 2019-2032)
- Blood Glucose Monitoring Systems
- Lancets
- Test Strips/Test Papers
- Insulin Delivery Devices
- Diabetes Management Mobile Applications
Patient Care Settings Outlook (Revenue, USD Billion; 2019-2032)
- Hospitals Clinics
- Self/Home Healthcare
- Diabetes Specialty Clinics
- Other End-use
Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East Africa
- North America
Key Questions Answered in the Report:
- What will be the estimated growth rate of the Diabetes Care Devices market by 2027?
- Who are the prominent distributors, vendors, and manufacturers of the market?
- What are the driving and restraining factors of the growth of the Diabetes Care Devices market throughout the forecast period?
- What are the current and future market trends of the Diabetes Care Devices market?
- What are the sales and price analysis of the product by types, applications, and regions?
- What are the expected opportunities for the companies and new entrants in the coming years?
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The report demonstrates the progress and advancement achieved by the global Diabetes Care Devices market, including the historical analysis and progress through forecast years. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals. The report provides an accurate estimation by applying SWOT analysis and Porter’s Five Forces analysis. The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market.
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