Diabetes Monitoring Devices Market Anticipated to Observe Spectacular Growth Rate: #2021 REVIEWS – Why to Buy This Report?
Stratagem Market Insights recently released a new research report title “Diabetes Monitoring Devices Market” with In-depth analysis, growth forecast, and strategies. The report encompasses factual as well as statistical analysis of the Diabetes Monitoring Devices market, offering a comprehensive study with pictorial representations such as pie charts, graphs, tables, and Venn diagrams. The report includes first-hand, the latest data about the market, which is obtained from our reliable sources, paid resources, and the in-house database. The report will equip marketers to undertake well-informed and profitable decisions.
Diabetes is a condition that affects the body’s ability to process sugar in the blood, which leads to an increase in blood pressure and heart rate. High blood sugar leads to frequent urination, which increases the risk for kidney failure and heart attack. Monitoring diabetes can help to keep these risks in check, as well as keeping from serious medical complications that could arise. The global diabetes monitoring devices market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global diabetes monitoring devices market is expected to witness significant growth during the forecast period, owing to favorable national health strategies.
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Increasing incidences of diabetes are expected to drive the growth of the global diabetes monitoring devices market during the forecast period. According to the World Health Organization (WHO), the number of people with diabetes has increased from 108 million in 1980 to 422 million in 2014. According to the same source, in 2016, around 1.6 million deaths were directly caused due to diabetes. Diabetes monitoring devices or glucometer measures how much sugar is in the blood sample. Hence, such factors are expected to drive the growth of the global diabetes monitoring devices market growth over the forecast period. Furthermore, favorable national health strategies are expected to propel the global diabetes monitoring devices market growth over the forecast period.
High cost of advanced diabetes management devices is expected to hinder the global diabetes monitoring devices market growth over the forecast period.
Among regions, North America is expected to witness significant growth in the global diabetes monitoring devices market during the forecast period. This is owing to the increasing diabetic population in the region. According to the American Diabetes Association (ADA), in 2018, around 34.2 million people in the U.S., or 10.5% of the population had diabetes. Moreover, Asia Pacific is expected to register a robust growth rate, owing to improving healthcare facilities in the region.
Key players involved in the global diabetes monitoring devices market are Bayer Healthcare AG, Medtronic, Dexcom, Sanofi S.A., Roche Diagnostics, Johnson & Johnson, Abbott Laboratories, MediWise, Arkay, Inc., Cnoga Medical, and Bigfoot Biomedical.
For instance, in April 2021, BIOCORP in collaboration with Roche Diabetes Care France launched Mallya, a novel medical device to collect and transfer insulin data with around 100% accuracy.
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Global Diabetes Monitoring Devices Market, By Product Type:
- Self-Monitoring Glucose Devices
- Continuous Glucose Monitoring Devices
Global Diabetes Monitoring Devices Market, By Indication:
- Type-I Diabetes
- Type-II Diabetes
- Gestational Diabetes
Global Diabetes Monitoring Devices Market, By Approach:
Global Diabetes Monitoring Devices Market, By End User:
- Ambulatory Surgical Centers
- Home Care Centers
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- Global Diabetes Monitoring Devices Market Analysing the outlook of the market with the recent trends and SWOT analysis
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- Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market
- Global Diabetes Monitoring Devices Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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