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Diabetes Devices Market Is Ready To Grow Globally With Phenomenal Trend Diversity Between To 2022-2030

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The global diabetes devices market for the historical period 2017–2018 and forecast period 2019–2027, increase in prevalence of diabetes, and increase in adoption of insulin pumps among type 1 diabetes patients are projected to drive the global diabetes devices market during the forecast period

According to the report, the global diabetes devices market was valued at US$ 41.8 Bn in 2018 and is anticipated to expand at a CAGR of 6.4% from 2019 to 2027

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Increase in Prevalence of Diabetes Expected to Drive Global Diabetes Devices Market: Key Drivers

Prevalence of diabetes is expected to increase exponentially worldwide due to change in lifestyle and various factors such as malnutrition, genetic mutations, and others. According to various government and private organizations operating in the diabetes industry, diabetes is considered one of the top fatal diseases. For instance, according to the American Diabetes Association, diabetes accounts for nearly 71,000 deaths in the U.S. each year. About 1 in 11 adults in the country suffers from diabetes.

Rise in prevalence of diabetes across the U.S. and Asia is anticipated to boost the growth of the diabetes management market due to a relative increase in demand for insulin delivery devices

According to the International Diabetes Federation, 422 million people across the world were living with diabetes in 2016, and over 10% of the world’s adult population, or around 642 million people, will have diabetes by 2040. Hence, increase in the diabetic population in Asia and the U.S. is expected to propel the diabetes devices market.

Increase in Adoption of Insulin Pump among Type 1 Diabetes Patients Boost Market Growth

Over the last decade, Type 1 diabetes has been one of the increasing in major healthcare concern for many countries. Countries like the U.S., China, U.K, and Germany have seen increasing rates of T1 incidences.

Type 1 diabetes (T1D) is type of autoimmune disease which occurs in children and adults in which pancreas stops producing insulin. The increasing incidences of Type 1 diabetes (T1D) among the children’s is one of the major healthcare concern. For instance, according to IDF, in 2015 Europe region had 140,000 children’s (0-14 years) with Type-1 Diabetes and 21,600 new cases diagnosed every year.

Type-1 diabetes patients majorly use the insulin pen or insulin pumps. Insulin pumps are relatively costly as compared to other insulin delivery devices. However, the adoption of insulin pumps among is increasing gradually in many developing and developed countries.

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This increasing incidences of type-1 diabetes in developing and developed countries are expected to drive the growth of the global insulin pumps market.

Threat of Alternative Therapies for Diabetes to Hamper Market

Diabetes is a dreadful disease that is becoming a serious threat to human health. Rise in obesity and sedentary lifestyle have become a major cause of increasing diabetes prevalence across the world.

Various treatments and drugs are available for diabetes. However, total recovery from diabetes is still a matter of concern. Alternative to synthetic agents, natural cure by plants provides a potential source curing complications of hypoglycemia.

Other alternative therapies such as acupuncture, diabetic supplements, hydrotherapy, and yoga are practiced for treatment of diabetes and have no side effects

These emerging alternative therapies are likely to act as major restraints of the diabetes device market

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Global Diabetes Devices Market: Competitive Landscape

This report profiles major players in the global diabetes devices market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments

The global diabetes devices market is highly fragmented, with the presence of a number of international as well as regional players

Leading players operating in the global diabetes devices market are

  • Medtronic
  • Novo Nordisk A/S
  • Sanofi
  • Eli Lilly and Company
  • F. Hoffmann-La Roche Ltd.
  • Becton
  • Dickinson and Company
  • Tandem Diabetes Care, Inc.
  • Abbott Laboratories
  • Cellnovo
  • Insulet Corporation
  • LifeScan, Inc.
  • Owen Mumford Ltd.

Key Questions Answered in Global Diabetes Devices Market Report

  • What is the scope of growth of product companies in the global diabetes devices market?
  • What will be the Y-o-Y growth of the global diabetes devices market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the global diabetes devices market?
  • Will North America continue to be the most profitable market for diabetes device providers?
  • Which factors are anticipated to hamper the growth of the global diabetes devices market during the forecast period?
  • Which are the leading companies in the global diabetes devices market?

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Global Diabetes Devices Market – Segmentation

Product Type

  • Glucose Monitoring Devices
  • Self- monitoring blood glucose meters
  • Blood glucose testing strips
  • Lancets
  • Continuous glucose monitoring meters
  • Insulin Delivery Devices
  • Insulin syringes
  • Insulin pens
  • Insulin pumps
  • Diabetes Management Software
  • Artificial Pancreas System

Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Diabetes Clinics/Centres

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

TABLE OF CONTENT

1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary : Global Diabetes Devices Market

4. Market Overview

4.1. Introduction

4.1.1. Diabetes Devices Market Introduction

4.1.2. Industry Evolution / Developments

4.2. Overview

4.3. Market Dynamics

4.3.1. Drivers

4.3.2. Restraints

4.3.3. Opportunities

4.4. Global Diabetes Devices Market Analysis and Forecasts, 2017–2027

4.4.1. Market Revenue Projections (US$ Mn)

5. Key Insights

5.1. Value Chain Analysis

5.2. Estimated Number of People with Diabetes Worldwide and Per Region in 2015 and 2040 (Age 20-79 years)

5.3. Emerging Technologies in Diabetes Management

6. Global Diabetes Devices Market Analysis and Forecasts, by Product Type

6.1. Introduction & Definition

6.2. Key Findings / Developments

6.3. Market Value Forecast by Product Type, 2017–2027

6.3.1. Glucose Monitoring Devices

6.3.1.1. Self- monitoring blood glucose meters

6.3.1.2. Blood glucose testing strips

6.3.1.3. Lancets

6.3.1.4. Continuous glucose monitoring meters

6.3.2. Insulin Delivery Devices

6.3.2.1. Insulin syringes

6.3.2.2. Insulin pens

6.3.2.3. Insulin pumps

6.3.3. Diabetes Management Software

6.3.4. Artificial Pancreas System

6.4. Market Attractiveness by Product Type

7. Global Diabetes Devices Market Analysis and Forecasts, by Distribution Channel

7.1. Introduction & Definition

7.2. Key Findings / Developments

7.3. Market Value Forecast by Distribution Channel, 2017–2027

7.3.1. Hospital Pharmacies

7.3.2. Retail Pharmacies

7.3.3. Online Pharmacies

7.3.4. Diabetes Clinics/Centres

7.4. Market Attractiveness by Distribution Channel

8. Global Diabetes Devices Market Analysis and Forecasts, by Region

8.1. Key Findings

8.2. Market Value Forecast by Region

8.2.1. North America

8.2.2. Europe

8.2.3. Asia Pacific

8.2.4. Latin America

8.2.5. Middle East & Africa

8.3. Market Attractiveness by Country/Region

9. North America Diabetes Devices Market Analysis and Forecast

…….

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