Diabetes Devices Market Size, Share, Trends, Industry Analysis Report: By Type, Distribution Channel, End Use (Hospitals, Diagnostic Centers, and Homecare), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market

The global diabetes devices market size is expected treach USD 67.39 billion by 2034, according ta new study by Polaris Market Research. The report “Diabetes Devices Market Size, Share, Trends, Industry Analysis Report: By Type, Distribution Channel, End Use (Hospitals, Diagnostic Centers, and Homecare), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Diabetes devices help people suffering from diabetes monitor and maintain blood sugar levels, prevent severe complications, and generally improve the quality of life. This proactive approach enhances disease management, improves patient outcomes, and underscores the significant role these devices play in advancing patient care. The diabetes devices market demand is driven by the effectiveness of diabetes devices in reducing hospitalizations and mortality rates.

The incorporation of advanced technologies such as artificial intelligence (AI) and machine learning (ML) in diabetes devices majorly contributes tthe growing diabetes devices market revenue. AI and ML help identify underlying risk factors, predict risk complications, and suggest interventions tprevent diabetes-related conditions, such as diabetic retinopathy and nephropathy. These technologies alsplay a crucial role in improving lifestyle management, fostering positive clinical decisions, and increasing patient engagement. For instance, a study published in the National Library of Medicine in August 2024 highlights how AI and machine learning are being increasingly utilized in diabetes management, significantly improving predictive accuracy, personalized treatment strategies, overall patient outcomes, and healthcare efficiency.

Diabetes device manufacturers are expanding their presence intemerging markets due tfactors such as a large elderly population, affordable healthcare, cost-effective labor, and less stringent regulations. Market participants are alscapitalizing on technological advancements, including advanced insulin pumps and pens, tcater tthe rising demand. For instance, in June 2022, Abbott launched a new continuous glucose and ketone monitoring system, further strengthening its position in the market.

Key Highlights of Diabetes Devices Market Report

Based on type, the insulin delivery devices segment dominated the diabetes devices market share in 2024. The segment’s robust growth is attributed tsignificant technological advancements, such as insulin patches, pumps, and automated insulin delivery (AID) systems.

Based on distribution channel, the hospital pharmacies segment led the market with a revenue share of 56.33% in 2024. This is due tthe high volume of patients and the availability of new innovative products in hospital pharmacies.

North America dominated the diabetes devices market with a revenue share of 41.80% in 2024. Various factors such as an rising aging population, increasing incidence of diabetes due tlifestyle changes, and growing prevalence of obesity contribute tthe regional market growth.

The Asia Pacific diabetes devices market is expected tregister a significant CAGR of 7.45% during the forecast period. The market growth in the region is driven by the presence of leading players and a rising incidence of diabetes. Additionally, advancements in blood glucose monitoring technology are expected tpropel market expansion in the region during the forecast period.

A few of the key players in the market are Abbott Diabetes Care; B Braun Melsungen AG; Biocorp; DexCom, Inc.; Johnson & Johnson; GlucoModicum; LifeScan Inc.; Medtronic PLC; Molex; NovNordisk; Phillips-Medisize; Roche Diabetes Care; Senseonics, Inc.; and Tandem Diabetes Care, Inc.

Polaris Market Research has segmented the diabetes devices market report on the basis of type, distribution channel, end use, and region:

By Type Outlook (Revenue – USD Billion, 2020–2034)

BGM Devices

Self-Monitoring Devices

§ Blood Glucose Meters

§ Testing Strips

§ Lancets

Continuous Glucose Monitoring Devices

§ Sensors

§ Transmitters

§ Receiver

Insulin Delivery Devices

Pumps

Pens

Syringes

Jet Injectors

By Distribution Channel Outlook (Revenue – USD Billion, 2020–2034)

Hospital pharmacies

Retail Pharmacies

Diabetes Clinics/Centers

Online Pharmacies

Others

By End Use Outlook (Revenue – USD Billion, 2020–2034)

Hospitals

Diagnostic Centers

Homecare

By Regional Outlook (Revenue – USD Billion, 2020–2034)

North America

US

Canada

Europe

Germany

France

UK

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of the Middle East & Africa

Latin America

Mexico

Brazil

Argentina

Rest of Latin America