Global Diabetes Care Devices Market Trends And Strategies Of Major Players In The Diabetes Care Devices Market 2021-2030
16 Feb, 2021
The diabetes care devices market consists of sales of diabetes care devices and related services by entities (organizations, sole traders and partnerships) that produce diabetes care devices used to monitor and control blood glucose levels in diabetic patients. This market is segmented into blood glucose test strips, insulin pens, syringes, pumps and injectors, lancing devices and equipment, continuous glucose monitoring devices and equipment, blood glucose meters.
Global Diabetes Care Devices Market Size And Drivers:
The global diabetes care devices market is expected to grow from $39.51 billion in 2020 to $41.84 billion in 2021 at a compound annual growth rate (CAGR) of 5.9%. The market is expected to reach $54.31 billion in 2025 at a CAGR of 7%. Busy lifestyles and changing consumer preferences are affecting the disease profile of the world population, especially non-communicable diseases such as diabetes. Long working hours, limited physical activity, and unhealthy eating and drinking habits are major causes of diabetes. These factors are expected to aid the market growth in the forecast period.
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Trends In The Global Diabetes Care Devices Market
Pharmaceutical companies are investing in developing and commercializing glucose responsive insulins (GRIs), providing significant opportunities for the development of new types of insulin delivery devices.
Global Diabetes Care Devices Market Segments:
The global diabetes care devices market is further segmented based on type, end user, type of expenditure, product and geography.
By Type: Blood Glucose Test Strips, Insulin Pens, Syringes, Pumps And Injectors, Lancing Devices And Equipment, Continuous Glucose Monitoring Devices And Equipment, Blood Glucose Meters.
By End User: Hospitals And Clinics, Diagnostic Laboratories, Others.
By Type of Expenditure: Public, Private.
By Product: Instruments/Equipment, Disposables.
Subsegments Covered: Glucose Dehydrogenase, Glucose Oxidase, Pens, Injectors And Pumps, Syringes.
By Geography: The global diabetes care devices market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global diabetes care devices market, accounting for 48% of the total market.
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Diabetes Care Devices Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides diabetes care devices market overviews, analyzes and forecasts market size and growth for the global diabetes care devices market, diabetes care devices market share, diabetes care devices market players, diabetes care devices market segments and geographies, diabetes care devices market’s leading competitors’ revenues, profiles and market shares. The diabetes care devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.