Diabetes Care Devices Market: Igniting Growth and Innovation

Diabetes Care Devices Market

by James Gunther

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.

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.

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.

To receive a free sample of the report, visit @ https://www.emergenresearch.com/request-sample/1897

Competitive Landscape:

The leading companies operating in the Diabetes Care Devices market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Diabetes Care Devices market and pinpoint the fundamental growth trends.  

Leading companies profiled in the report are:

Sanofi, Lilly, Medtronic, Ypsomed AG, Procter & Gamble, F. Hoffmann-La Roche Ltd, Novo Nordisk A/S, Insulet Corporation, Abbott, BD

Market Segmentation by product type:

  • 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
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. UK
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of Middle East & Africa

Major Regions Covered in the Diabetes Care Devices Market Report:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Request a discount on the report @ https://www.emergenresearch.com/request-discount/1897

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. .

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/diabetes-care-devices-market

Thank you for reading our report. Customization of the report is available according to the requirements of clients. In case of further queries about the report, do get in touch with us. Our team will make sure your report is tailored according to your needs.




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