The Business Research Company’s diabetes care devices global market opportunities and strategies to 2022, covers the year-on-year growth of the global diabetes care devices market historic and forecast growth. It also includes chapters on the diabetes care devices market trends, geographical analysis, and competitive landscape.
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The global diabetes care devices market is forecast to grow at a CAGR of around 7.2 % to 2022.
Diabetes Care Devices Market Trends:
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 insulin delivery devices market has been evolving to become more convenient and independent for the user. Previously, diabetic patients have used insulin injections that use a vial and a syringe to inject the hormone. This method is associated with physical and psychological inconvenience, inaccuracy in dosage amount, and failure to administer insulin doses. Traditional insulin syringes are now being replaced with insulin pens and pumps. Insulin pens deliver accurate doses of insulin as they are pre-filled with the correct insulin type and dosage. Insulin pumps are portable devices attached to the user’s body, continuously delivering set amounts of insulin via a catheter. They ensure easier administration of insulin, accurate dosages and less pain compared to vials and syringes.
The global diabetes care devices market is primarily driven by increase in diabetes prevalence, emerging markets growth and public health insurance reforms.
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The global diabetes care devices market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With Increase in disease burden, government initiatives, increase in R&D investments and research collaboration and technological enhancements, the global diabetes care devices market is expected to increase in potential and scope. TBRC’s report also covers the Diabetes Care Devices drivers and restraints in the market.
The global diabetes care devices market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global diabetes care devices market report are Medtronic plc, Roche Holding AG, Johnson & Johnson (J&J), Sanofi, Becton, Dickinson and Company and Abbott Laboratories.
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