Diabetes Care Devices Market: Unleashing the Power of Data for Market Expansion and Transformation
Global Diabetes Care Devices Market
The latest report titled ‘Global Diabetes Care Devices Market,’ published by Emergen Research, provides the reader with a comprehensive view of the global Diabetes Care Devices industry, acquainting them with the latest market trends, industry insights, and market share. The report provides an in-depth investigation of the global market, largely focusing on each segment and sub-segment of the Diabetes Care Devices market. The market forecasts included in the report are performed by our team of experts and are of great significance as they provide deep insights into various crucial industry parameters. These facts and figures help readers evaluate the global market growth, production, and consumption rates, volatility in demand and product prices, and upcoming market trends over the projected period. The market research report contains significant details on the global Diabetes Care Devices market value based on market dynamics and various growth factors. It scrutinizes several key aspects of the market, including the latest technological innovations in the industry, ongoing trends, and developmental opportunities. One of the most vital components of the report is the SWOT analysis, coupled with a detailed overview of the market’s competitive landscape.
The diabetes care devices market is a rapidly growing segment of the healthcare industry. Diabetes is a chronic disease that affects millions of people worldwide, and diabetes care devices are medical devices used to manage and monitor blood glucose levels in diabetic patients. The global diabetes care devices market size reached USD 22.85 Billion in 2022 and is expected to register a steady revenue CAGR of 6.50% during the forecast period, according to latest analysis by Emergen Research.
One of the major drivers of the diabetes care devices market is the increasing prevalence of diabetes. According to the International Diabetes Federation, approximately 463 million adults were living with diabetes worldwide in 2019, and this number is expected to rise to 700 million by 2045. This has led to a growing demand for diabetes care devices, particularly blood glucose monitoring devices, insulin delivery devices, and other diabetes care accessories.
Another driver of the diabetes care devices market is the increasing adoption of digital diabetes care devices. Manufacturers are developing more advanced diabetes care devices that use digital technology to improve the accuracy and convenience of blood glucose monitoring and insulin delivery. For example, continuous glucose monitoring (CGM) devices can provide real-time glucose readings and alerts to help diabetic patients manage their blood glucose levels more effectively.
According to the World Health Organization, diabetes is a major cause of blindness, kidney failure, heart attacks, stroke, and lower limb amputation worldwide. In 2019, diabetes was the seventh leading cause of death worldwide.
In the United States, the Centers for Disease Control and Prevention estimates that approximately 34.2 million people, or 10.5% of the population, have diabetes. Approximately 88 million adults, or one in three adults, have prediabetes.
In Europe, the International Diabetes Federation estimates that approximately 59 million adults have diabetes, and this number is expected to rise to 68 million by 2045.
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However, the report takes into account the current COVID-19 impact on the global economy and this particular business sector. The global Diabetes Care Devices market growth has been extensively hampered by the current economic situation triggered by the COVID-19 pandemic. The pandemic has led to some devastating effects on the global economy, besides disrupting the functioning of the Diabetes Care Devices industry. It offers an exhaustive analysis of the present and future effects of the pandemic on this business sphere. Moreover, the adverse effects of the coronavirus pandemic on the global Diabetes Care Devices market, as well as its fundamental segments, have also been elucidated in this report.
Market Overview:
The report bifurcates the Diabetes Care Devices market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Diabetes Care Devices Market Segmentation:
-
Type Outlook (Revenue, USD Billion; 2019-2032)
- Blood Glucose Monitoring Systems
- Lancets
- Test Strips/Test Papers
- Insulin Delivery Devices
- Diabetes Management Mobile Applications
-
Patient Care Settings Outlook (Revenue, USD Billion; 2019-2032)
- Hospitals & Clinics
- Self/Home Healthcare
- Diabetes Specialty Clinics
- Other End-use
-
Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
The report also discusses the key players involved in the market such as
Sanofi, Lilly, Medtronic, Ypsomed AG, Procter & Gamble, F. Hoffmann-La Roche Ltd, Novo Nordisk A/S, Insulet Corporation, Abbott, BD
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Key Reasons to Buy This Report:
- The report presents a thorough examination of the Diabetes Care Devices market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
- The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
- The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.
- The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.
Regional Landscape section of the Diabetes Care Devices report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Research Report on the Diabetes Care Devices Market Addresses the Following Key Questions:
- Who are the dominant players of the Diabetes Care Devices Market Demand?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Diabetes Care Devices Market Forecast?
- What are the key growth drivers and restraining factors of the Diabetes Care Devices Market Growth?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Diabetes Care Devices market and its key segments?
Highlights of Table of Contents (TOC):
- Overview of Global Diabetes Care Devices Market
- Competitive analysis of the Diabetes Care Devices market
- Regional analysis of Global Diabetes Care Devices market production and revenue
- Regional analysis of Global Diabetes Care Devices market supply, consumption, and export & import
- Type-based market analysis of global Diabetes Care Devices production, revenue, and price trends
- Application-based analysis of the global Diabetes Care Devices market
- Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Diabetes Care Devices market
- Global Diabetes Care Devices market forecast (2020-2027)
- Conclusion of the research report
- Appendix
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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