For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
According to our LPI (LP Information) latest study, the global Diabetes Care Devices market size was valued at US$ 23910 million in 2023. With growing demand in downstream market, the Diabetes Care Devices is forecast to a readjusted size of US$ 33830 million by 2030 with a CAGR of 5.1% during review period.
The research report highlights the growth potential of the global Diabetes Care Devices market. Diabetes Care Devices are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Diabetes Care Devices. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Diabetes Care Devices market.
Diabetes Care Devices conclude glucose Monitoring Device (blood glucose meters, blood glucose test strips, lancing devices, continuous glucose monitoring devices, HbA1c testing kits and others) and insulin delivery device (insulin pumps, insulin syringes, insulin pens and others).
Diabetes is a metabolic disorder that affects your pancreas ability to produce or use insulin. Insulin is a hormone secret by the beta cell of the islet of Langerhans of the pancreas. When your body turns the food which u eat into energy molecule glucose. In response to glucose, body secretes insulin which helps to transport glucose/energy to the cells. Insulin acts as a key to remaining energetic. It is a chemical message that tells the cell to open and receive glucose. If the body produces little or no insulin or are insulin resistant, too much sugar remains in your blood. Blood glucose levels are higher than normal for individuals. This results in diabetes. There are two main types of diabetes: Type 1 and Type 2. Type 1 is also known as insulin dependent diabetes mellitus whereas type 2 is known as noninsulin dependent diabetes mellitus.
The major players in global Diabetes Care Devices market include Roche, Medtronic plc, J&J, etc. The top 3 players occupy about 30% shares of the global market. North America and Europe are main markets, they occupy about 60% of the global market. Blood Glucose Test Strips and Blood Glucose Meters are two main types, with a share about 65%. Personal Care is the key application, which holds a share about 85%.
Key Features:
The report on Diabetes Care Devices market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Diabetes Care Devices market. It may include historical data, market Segmentation by Type (e.g., Blood Glucose Meters, Blood Glucose Test Strips), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Diabetes Care Devices market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Diabetes Care Devices market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Diabetes Care Devices industry. This include advancements in Diabetes Care Devices technology, Diabetes Care Devices new entrants, Diabetes Care Devices new investment, and other innovations that are shaping the future of Diabetes Care Devices.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Diabetes Care Devices market. It includes factors influencing customer ' purchasing decisions, preferences for Diabetes Care Devices product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Diabetes Care Devices market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Diabetes Care Devices market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Diabetes Care Devices market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Diabetes Care Devices industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Diabetes Care Devices market.
Market Segmentation:
Diabetes Care Devices market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
- Blood Glucose Meters
- Blood Glucose Test Strips
- Insulin Pumps
- Insulin Syringes
- Others
Segmentation by application
- Medical Care
- Personal Care
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Roche
- Medtronic plc
- J&J
- Abbott
- Ascensia Diabetes Care
- BD
- Dexcom
- ARKRAY Inc
- B. Braun
- Terumo Corporation
- Ypsomed
- Sannuo
- Sanofi
- I-sens
- Abbott
Key Questions Addressed in this Report
What is the 10-year outlook for the global Diabetes Care Devices market?
What factors are driving Diabetes Care Devices market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Diabetes Care Devices market opportunities vary by end market size?
How does Diabetes Care Devices break out type, application?