Diabetes Care Devices Market Projected to Show Strong Growth by 2026 with top Key players like Medtronic plc, ARKRAY, Terumo Corporation, Becton, Dickinson and Company, Roche Diagnostics, Johnson and Johnson
Global Diabetes Care Devices Market,By Product Type (Blood glucose monitoring devices (testing strips, self-monitoring blood glucose meters, lancets, continuous glucose monitors, and others), Insulin drug delivery devices (insulin syringes, insulin pens, insulin pumps, and insulin jet injectors), By End-Users (Hospitals, Clinics, Home Healthcare, Ambulatory care, Others), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)- Industry Trends and Forecast to 2024
The term diabetes includes several different metabolic disorders that all if left untreated, result in an abnormally high concentration of a sugar called glucose in the blood. Other goals of diabetes management are to prevent or treat the many complications that can result from the disease itself and from its treatment. Diabetes Care devices are being frequently used for the diagnosis of blood glucose levels in the body due to inadequate insulin production. This offers diabetic patients to monitor blood glucose levels efficiently and enhance the treatment of this chronic condition.
The Global Diabetes Care Devices Market accounted for USD 25 billion growing at a CAGR of 8.0% during the forecast to 2026. The factors responsible for this growth in the market value are a rise in consumption of beverages in the various developing regions.
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Key players profiled in this report are:
Medtronic plc, ARKRAY, Terumo Corporation, Becton, Dickinson and Company, Roche Diagnostics, Johnson and Johnson, Bayer AG, Abbott Laboratories, Acon Laboratories, Ypsomed AG, Novo Nordisk A/S, Dexcom, among others.
The report influences you to envision what the business is doing which loans greater believability and trust. In addition, this Diabetes Care Devices Market report additionally makes accessible key profiling of key players in the business, completely highlighting their center capabilities, and drawing an aggressive scene for the market. A careful investigation of variables impacting the venture is likewise given which figures out the approaching opportunities and builds up the techniques to help the rate of investment (ROI). This report will be a significant evaluation for new startups who wish to enter the market.
Major Market Drivers and Restraints:
- Increasing international research collaborations
- Increasing patient pool suffering from diabetes
- Government Initiatives to better healthcare
- Technological developments
- Growing need for faster, safer and effective method of diagnosis and treatment of diabetes
- Reimbursement issues
Table of Contents:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Global Diabetes Care Devices Market Landscape
Part 04: Global Diabetes Care Devices Market Sizing
Part 05: Global Diabetes Care Devices Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Market Segmentation: Diabetes Care Devices
- By product type, the diabetes care devices market is segmented into blood glucose monitoring devicesandinsulin drug delivery devices. The blood glucose monitoring devicessegment is further segmented testing strips, self-monitoring blood glucose meters, lancets, continuous glucose monitors, and others. The Insulin drug delivery devices is further segmented into insulin syringes, insulin pens, insulin pumps, and insulin jet injectors.
- On the basis ofend-users, the diabetes care devices market is segmented into hospitals, clinics, home healthcare, ambulatory care, others
- On the basis of geography, diabetes care devicesmarket report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, andBrazil among others. In 2017, North America is expected to dominate the market.
Global Diabetes Care Devices – Competitive Analysis:
The diabetes care devicesmarket is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of diabetes care devices marketfor global, Europe, North America, Asia Pacific and South America.