Diabetes Care Devices Market – Global Opportunities & Forecast, 2020-2027
The market report aims to provide an
overview of the industry through detailed market segmentation. The report
provides thorough information regarding the overview and scope of the market,
along with the market drivers, restrains, and key trends. It covers both the
quantitative and qualitative aspects of the industry in each region and country
participating in the study.
Key Drivers of the Diabetes Care Devices
Market:
The primary factors boosting the growth of
the global diabetes
care devices market include the rising incidence of diabetes & obesity
and the growing technological advancements as well as spending on the
healthcare sector globally. As per WHO, prevalence rate of diabetes disease
around the world reached 8.5% in 2014. The increasing cases of diabetes have
been growing promptly in middle to low-income economies. In 2015, around 1.6
million deaths were directly associated with diabetes, and approximately half
of the patients were under the age of 70.
The growing consumption of junk food and
alcohol intake are the key drivers propelling diabetes globally. The diabetes
care device manufacturers are aiming at technological development in the
product to deliver more appropriate results. Rapid product innovation will
create various new opportunities in the market, thus attracting many consumers
to opt for advanced devices. Additionally, rapid urbanization and high
disposable income of middle-class families promote the customers to adopt
diabetes care devices for tracking diabetes and regular self-monitoring. On the
other edge of the spectrum, the rising consumer awareness related to the side
effects regarding some of the diabetes care devices will hinder the growth of
the market in the upcoming years.
This report splits the Diabetes Care
Devices Market as follows:
By Product Type:
·
Blood Glucose Monitoring Device
·
Insulin Delivery Device
By End-User:
·
Hospitals
·
Homecare Setting
·
Others
By Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining
countries of the LAMEA region)
Competitive
Landscape:
The diabetes
care devices market report also scans the competitive landscape and profiles
the major players operating in the market, including Roche Holding AG, Abbott
Laboratories, GlaxoSmithKline, Becton Dickinson and Company, Bayer Healthcare,
Dexcom Inc, Medtronic plc, Biotronik SE, among others.
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