A recent
report published by Infinium Global Research on diabetes devices market
provides an in-depth analysis of segments and sub-segments in the global as well
as regional diabetes devices market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional diabetes
devices market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of global
diabetes devices market. According to the report, the global diabetes devices
market is projected to grow at a CAGR of 6.7% over the forecast period of
2019-2025.
Market
Insight
Diabetes is
one of the major and pervasive public health issues. The diabetes devices
include several devices that help in the monitoring and treatment of diabetic
patient’s. Monitoring of glucose levels
is an essential part of diabetes management or treatment. These diabetic
devices are very beneficial in managing diabetic treatments. Diabetic devices
also help in the prevention of diabetic complications. The medical devices used
in the diabetic managements include blood glucose meters and strips, continuous
glucose monitors (CGMS) insulin pumps, injection pens, and others.
The growing
prevalence of diabetes is the key factor that drives the growth of diabetes
devices market worldwide. According to
the International Diabetic Federation, approximately 425 million adults (20-79
years) were living with diabetes in 2017.
The rapidly changing lifestyles, rising occurrence of obesity and high
alcohol consumption led to the rapid growth of diabetes all over the world. Thus,
this contributes to the growth of diabetic devices market. Additionally,
raising awareness about diabetes and diabetes management among patients is
anticipated to escalate the growth of the diabetic market in the near future.
On the other hand, low awareness about diabetes management and monitoring
devices in the under-developed countries are expected to hamper the growth of
diabetic device market. Moreover, ongoing technological advancements and the
introduction of advanced Insulin Delivery Devices is projected to create
several growth opportunities in the diabetic devices market in the near future.
Among the
geographies, North America holds the maximum market shares in the diabetes
devices market followed by Europe. The U.S. is majorly contributing to the
growth of the diabetes devices market in the North America region. The high
prevalence of diabetes, increasing obesity and advancements in the insulin
delivery systems are driving the growth of North America diabetes device
market. The Nation Institute of Diabetes and Digestive and Kidney Diseases
estimated that around 23.1 million people in the United States are diagnosed
with diabetes. Furthermore, Asia Pacific is the fastest growing region in the
diabetes device market owing to the growing awareness and the consumption of
diabetic devices.
Segment
Covered
The report on
global diabetes devices market covers segments such as type of devices, and end
user. On the basis of the type of devices, the sub-markets include monitoring
devices, and treatment devices. On the basis of end user, the sub-markets
include diagnostic centers, hospitals, home care, and ambulatory surgery
centers.
Companies
Profiled:
The report
provides profiles of the companies in the market such as Abbott Laboratories,
F. Hoffmann-La Roche Ag, Johnson & Johnson (LifeScan, Inc.), DexCom Inc.,
Bayer Corporation, Arkray, Inc., Sinocare, Inc., Medtronic PLC, Sanofi, Novo
Nordisk, Eli Lilly and Company, and Other companies.
Report
Highlights:
The report
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of diabetes devices market. Moreover, the
study highlights current market trends and provides forecast from 2019-2025. We
also have highlighted future trends in the market that will affect the demand
during the forecast period. Moreover, the competitive analysis given in each
regional market brings an insight into the market share of the leading players.
Please Choose One of them.