The diabetes care devices industry manufactures blood glucose monitoring devices and insulin delivery devices. Diabetes care devices are designed to diagnose, monitor or manage type I and type II diabetes mellitus. Diabetes is a chronic disease that occurs either when the pancreas does not produce enough insulin or when the body cannot effectively use the insulin it produces. Insulin is a hormone that regulates blood sugar.
The top five companies covered are Roche, Medtronic, J&J, Abbott, Becton, Dickinson and Company. Roche was the largest company in the global diabetes care devices market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Diabetes Care Devices Global Market Size
The global diabetes care devices market was valued at around $13 billion in 2017. Asia Pacific was the largest region in the diabetes care devices market in 2017, accounting for nearly 40% market share. The USA was the largest country in the market in 2017, accounting for nearly 20% market share.
Diabetes Care Devices Global Market Trend
The artificial pancreas is a system that measures blood glucose levels on a minute-to-minute basis using a continuous glucose monitor (CGM), and transmits this information to an insulin pump that calculates and releases the required amount of insulin into the body. It consists of three essential components – a glucose sensor system, a control algorithm, and an insulin infusion device. This system is more effective than conventional insulin delivery devices as it automates insulin dosing based on blood sugar levels.
Diabetes Care Devices Global Market Segmentation
The diabetes care devices market is segmented into Blood Glucose Test Strips, Insulin Pens, Insulin Syringes, Insulin Pumps And Injectors, Lancing Devices, Continuous Glucose Monitoring Devices and Blood Glucose Meters.
Blood Glucose Test Strips are used to diagnose glucose levels in patients’ blood and to control diabetes.
Insulin Pens are reusable pen like tools used to inject desired dose of insulin into the blood of a diabetic patient.
Insulin Syringes are the reusable devices used to inject insulin which is specifically made for self-administration.
Insulin Pumps And Injectors are the devices with which insulin can be delivered continuously throughout the day to the diabetic patient and maintains blood glucose levels.
Lancing Devices are used to prick the skin to obtain the blood samples for testing the glucose levels.
Continuous Glucose Monitoring Devices are devices which are used to measure glucose levels throughout the day and night.
Blood Glucose Meters are the devices which are used to measure and display the amount of sugar (glucose) in the blood.