Diabetes Care Devices Market: Information by Type (Self-Monitoring Blood Glucose Meter, Testing Strip, Continuous Glucose Monitor, Lancet, Insulin Pump, Others) End-use (Medical Care, Personal Care, Clinic, Others), and Region (Asia-Pacific, North America, Europe, Latin America, and Others) — Global Forecast till 2026
Diabetes mellitus (DM), commonly referred to as diabetes, is a group of metabolic disorders in which there are high blood sugar levels over a prolonged period. Symptoms of high blood sugar include frequent urination, increased thirst, and increased hunger. If left untreated, diabetes can cause many complications. Acute complications can include diabetic ketoacidosis, hyperosmolar hyperglycemic state, or death. Serious long-term complications include cardiovascular disease, stroke, chronic kidney disease, foot ulcers, and damage to the eyes.
The global Diabetes Care Devices market is estimated to be USD 8,210 million in 2019 and is expected to reach USD 12,468 million by 2026, with a CAGR of 6.15% during the forecast period.
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Key Dynamics
The growing occurrence of Diabetes is primely driving the global Diabetes Care Devices demand. According to the report by WHO, the global prevalence of diabetes among adults of over 18 years augmented from around 4.7% in 1980 to over 8.5% in 2014. The report also predicted that those middle- and low-income economies will be the major force for driving demand for such medical devices, the rapidly-rising diabetes prevalence, enhanced technological advancement of the equipment, increasing awareness towards diabetes health care are major dynamics. Other factors such as the rising international research collaborations, growing government initiatives to better the healthcare infrastructure can also supplement market growth. Whereas, the growing requirement for faster, safer, effective diabetes treatment solutions, as well as the reimbursement issues, these constraints may possibly restrain the growing trend.
Segmentation
On the basis of type, Diabetes Care Devices Market segmented into
l Self-Monitoring Blood Glucose Meter
l Testing Strip
l Continuous Glucose Monitor
l Lancet
l Insulin Pump
l Insulin Pen
l Insulin Syringe
On the application, Diabetes Care Devices Market segmented into
l Medical Care
l Personal Care
l Clinic
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Competitive Landscape
profiled in the global Diabetes Care Devices market include Roche Diagnostic, LifeScanInc, LifeScanInc, Bayer HealthCare, Abbott Laboratories, Johnson and Johnson, Dickinson and Company, Acon Laboratories, Inc, Ypsomed AG, Novo Nordisk A/S, Medtronic plc, ARKRAY Inc, Terumo Corporation, Dexcom, Sanofi, and etc.
Regional Spotlights
The global Diabetes Care Devices market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Due to urbanization and sedentary lifestyle, North America is the global market leader in terms of production value, accounting for 35.64% and followed by Europe and Asia-Pacific regions with a value of 32.12% and 28.41% respectively. While the study forecasts APEC will be the fast-growing regional market in the forthcoming years, which the sales is amounted at USD 3,262 million, with a proportion up to 42.18% in the base year. The high prevalence of diabetes, rapid-growing obese population, raising awareness of individual health are the main factors in the regional market.
Overall Regions Outlook
l North America (U.S., Canada, Mexico)
l Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe
l Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
l Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries.
l Others
In-depth Diabetes Care Devices Market Report: Intended Audience
l Diabetes Care Devices manufacturers
l Raw material suppliers of Diabetes Care Devices
l Downstream vendors and end-users
l Traders, distributors, and resellers of Diabetes Care Devices
l Medical, Healthcare Service, Equipment industry associations and research organizations
l Product managers, Diabetes Care Devices industry administrator, C-level executives of the industries
l Market Research and consulting firms
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Diabetes Care Devices Market
2 Market Trends and Competitive Landscape
3 Segmentation of Diabetes Care Devices Market by Types
4 Segmentation of Diabetes Care Devices Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Diabetes Care Devices Market in Major Countries
7 North America Diabetes Care Devices Landscape Analysis
8 Europe Diabetes Care Devices Landscape Analysis
9 Asia Pacific Diabetes Care Devices Landscape Analysis
10 Latin America, Middle East & Africa Diabetes Care Devices Landscape Analysis
11 Major Players Profile
11.1 Roche Diagnostic
11.1.1 Roche Diagnostic Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 LifeScanInc
11.3 Bayer HealthCare
11.4 Abbott Laboratories
11.5 Johnson and Johnson
11.6 Dickinson and Company
11.7 Acon Laboratories, Inc
11.8 Ypsomed AG
11.9 Novo Nordisk A/S
11.10 Medtronic plc
11.11 ARKRAY Inc
11.12 Terumo Corporation
11.13 Dexcom
11.14 Sanofi
…
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Years considered for the study
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
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