Global Diabetes Care Devices Market Research Report

 

Global Diabetes Care Devices Market

The GMI Research forecasts that the Diabetes Care Devices Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the mounting cases of diabetes owing to the accelerating geriatric population.

Request a free sample of this Report

Introduction of the Diabetes Care Devices Market

Diabetes care devices are used to monitor the glucose level in the diabetic patient's body and facilitate insulin delivery into the patient's body. There are mainly two types of diabetes care devices, including the blood glucose monitoring device and the insulin delivery device. The regular monitoring of diabetes improves outcomes and helps in adjusting treatment in real-time. These devices are often used in hospitals, clinics, and other surgical centers.

Key Players of the Global Diabetes Care Devices Market:

  • Abbott Laboratories
  • Bayer Healthcare
  • Becton Dickinson and Company
  • Roche Holding AG
  • Biotronik SE
  • Medtronic plc
  • GlaxoSmithKline

Diabetes Care Devices Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Several factors responsible for the growth of the global Diabetes Care Devices Market are increasing technological modernizations, accelerating disposable income of middle-class families, and the mounting urban population. In addition, the rising cases of diabetes and obesity led by the fuelling consumption of junk food and alcohol will further strengthen the Diabetes Care Devices market size. In accordance with the World Health Organization, the cases of diabetes touched 8.5% in 2014, especially in the middle to low-income economies. Approximately 1.6 million deaths in 2015 were directly related to diabetes, with half of the patients below the age of 70 years. The manufacturers are increasingly emphasizing technological enhancement in the product to deliver more accurate results. Thus, this continuous product innovation will bring enormous growth opportunities for the market. In addition, the intensified disbursement in the healthcare sector and the surging adoption of these devices for self-monitoring and tracking of diabetes are supplementing the market growth. However, the rising consciousness about the side effects of these devices will hamper the Diabetes Care Devices industry growth.

Product Type Segment Drivers

Based on the product type, blood glucose monitoring will dominate the market due to the transformation and technological advancements in these devices. The device offers a more accurate measurement of the glucose level and warns if the glucose level goes too low or too high. On the other hand, insulin delivery is contemplated to witness faster growth in the market over the forecast period. This is primarily due to adopting these devices across healthcare professionals and patients led by their remarkable advantages like higher stability and better properties.

End-User Segment Drivers

Based on the end-user, home care settings are expected to experience a robust demand in the next few years due to their user-friendly feature at an economical price range. The inclination of end-users to use these devices at home rather than going to clinics or healthcare centers for regular health check-ups with the increasing research and development activities to make the devices more convenient has propelled the Diabetes Care Devices market growth.

Regional Drivers

Based on the regional coverage, Asia Pacific is projected to lead the market owing to the aggravating allowances by government and private towards healthcare infrastructure and the substantial growth in population rate in the developing economies, including India, China, and Japan. In addition, the mounting consumer awareness regarding their benefits coupled with the development in technologies and the initiatives taken by the government to spread awareness will bolster the Diabetes Care Devices market share.

Diabetes Care Devices Market Segmentation:

Segmentation by Product Type
  • Blood Glucose Monitoring Device
  • Insulin Delivery Device
Segmentation by End-User
  • Hospitals
  • Homecare Setting
  • Others
Segmentation by Region:
  • North America
    • United States of America
    • Canada

 

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus 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.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

 


Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to inv
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B
Read more