Diabetes Care Devices Market Research Report

 

Global Diabetes Care Market

The global diabetes care devices market is increasing at a significant rate over the forecast period (2020-2027). According to the GMI Research forecast, the market is growing at a faster rate due to the rising incidence of diabetes & obesity and the growing technological advancements

Diabetes care devices are usually used for the monitoring of the glucose level in the diabetic patient’s body and help in the delivery of insulin as per the patient’s body. There are majorly two types of diabetes care devices, including the insulin delivery device and blood glucose monitoring device.

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The increasing incidence of diabetes & obesity and the growing technological advancements, as well as spending on the healthcare sector globally, are some of the major factors fuelling the growth of the global diabetes care devices market. As per the WHO, the worldwide prevalence rate of diabetes disease reached 8.5% in 2014. The prevalence rate for diabetes has been growing promptly in the middle to low-income economies. In 2015, about 1.6 million deaths were directly related to diabetes, and approximately half of the patients were under the age of 70 years. The growing consumption of junk food and alcohol intake are some other factors propelling the rate of diabetes globally.

The diabetes care device manufacturers are mainly emphasizing on technological development in the product to deliver more accurate results. Rapid product innovation will bring new growth opportunities in the market, thus attracting many consumers to opt for advanced devices. Additionally, rapid urbanization and the high disposable income of middle-class families are encouraging the customers towards the adoption of diabetes care devices for regular self-monitoring and tracking of diabetes. On the other edge of the spectrum, the increasing 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.

Key Players of the Global Diabetes Care Devices Market:

·        Abbott Laboratories

·        Becton Dickinson and Company

·        Bayer Healthcare

·        Roche Holding AG

·        Medtronic plc

·        Dexcom Inc

·        Biotronik SE

·        GlaxoSmithKline

Market Segmentation:

Global Diabetes Care Devices Market Report Segment by Product Type:

·        Blood Glucose Monitoring Device

·        Insulin Delivery Device

Global Diabetes Care Devices Market Report Segment by End-User:

·        Hospitals

·        Homecare Setting

·        Others

Global Diabetes Care Devices Market Report Segment 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)

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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