Diabetes Care Devices Market By Product (Blood Glucose Monitoring Devices, Insulin Delivery Devices): Global Opportunity Analysis and Industry Forecast, 2020-2030
A diabetes care device is used to check the blood glucose level or the insulin level of a diabetic patient. There are mainly two types of diabetes care devices, including the blood glucose monitoring device and the insulin delivery device. Diabetes care devices include blood glucose meters, lancing devices, insulin delivery systems, and digital solutions for data management.
The major factor that contributes to the growth of the diabetes care devices market includes an increase in the incidence rate of diabetes, owing to urbanization and a sedentary lifestyle. Moreover, technological advancements in the field of diabetes devices, a rise in the obese population, an increase in consumption of junk food, and a surge in the need for rapid & safe diagnosis and treatment of diabetes boost the market growth. However, blood glucose monitoring devices do not measure the exact level of glucose in the blood but provide a range in which the blood glucose level of a patient lie. In addition, adverse effects associated with some of the diabetes care devices hinder the market growth. In addition, the rise in awareness about diabetes monitoring devices and untapped market opportunities in developing regions are expected to provide numerous opportunities for market growth.
The diabetes care devices market is segmented on the basis of product and region. Depending on the type, the market is bifurcated into blood glucose monitoring devices and insulin delivery devices. The blood glucose monitoring devices segment is categorized into testing strips, self-monitoring blood glucose meters, lancets, and continuous glucose monitoring devices. The insulin delivery devices segment is classified into insulin syringes, insulin pens, insulin pumps, and insulin jet injectors. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, the UK, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA)
The list of key players profiled in this report includes Abbott Laboratories, ACON Laboratories, Inc., Ascension Diabetes Care Holdings AG (formerly diabetes case business of Bayer AG), Becton, Dickinson and Company, Nipro corporation., F. Hoffmann-La Roche Ltd., Johnson & Johnson, Medline Industries, Novo Nordisk A/S, and Terumo Corporation.
Key players in the value chain include Arkray, Inc., Echo Therapeutics, Inc., Glysens Incorporated, Insulet Corporation, Sanofi, and Ypsomed AG.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the diabetes care devices market analysis from 2020 to 2030 to identify the prevailing diabetes care devices market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the diabetes care devices market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global diabetes care devices market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By BY PRODUCT
Blood Glucose Monitoring Devices
Insulin Delivery Devices
By Region
North America
U.S.
Canada
Mexico
Europe
Geramny
France
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
Rest of Europe
South Korea
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
ABBOTT LABORATORIES
ACON LABORATORIES, INC.
BECTON, DICKINSON AND COMPANY
JOHNSON & JOHNSON
MEDTRONIC PLC
NOVO NORDISK A/S
TERUMO CORPORATION
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook