Diabetes Treatment Devices Market exhibiting CAGR of 7.9% from 2023 to 2032, owing to rising technological advancements in diabetes care devices | insightSLICE
The global Diabetes Treatment Devices market size was estimated to be US$ 27 billion in 2021 and is expected grow at a CAGR of 7.9% between 2023 to 2032.
The Diabetes Treatment Devices Market study will give details on market trends, analyses, and forecasts for the years 2022–2032. Where 2020 represents the historical period, 2021 is the baseline period, and the projected period runs from 2022 through 2032.
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The study also takes into account the competitive environment, and the report will give an overview of the major competitors in the global market for Diabetes Treatment Devices and products as well as their market forecasts. In addition, the report will include information on important advancements, global and regional sales networks, business strategies, research and development initiatives, workforce, and top-level managers for all significant business competitors.
The key players of the Global Diabetes Treatment Devices Market are:
The main companies that are covered in our report for the global diabetes treatment devices market include Novo Nordisk, Sanofi, Valeritas Holding Inc., Arkray, Inc., Abbott Laboratories, Bayer AG, B Braun Melsungen AG, Companion Medical, Dexcom Inc., Lifescan, Inc., Medtronic plc, F.Hoffmann-La-Ltd., Insulet Corporation, and Ypsomed Holdings.
What is propelling the market for diabetes treatment devices across the globe?
The primary drivers influencing the global market for diabetes treatment devices are the high prevalence of diabetes, the significant annual increase in the population of type 2 diabetes patients, the development of medical technology, and increased diabetes awareness.
Diabetes care equipment is becoming more intelligent, portable, and accessible thanks to advances in medical technology. With the development of various insulin pen types, including readily biodegradable insulin pens and insulin patch pens, patients are now better able to monitor their blood glucose levels and inject the correct or required doses of insulin.
To survive the fierce competition in the market, diabetes treatment device makers are also concentrating on product development to include cutting-edge functionalities like data recording, analytics, and intelligent notifications. Despite market consolidation, there is growing competition among the top businesses.
During the forecast period, the marketplace for diabetes treatment devices is anticipated to have considerable growth due to the dynamically changing market environment.
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What are current and future growth expectations for the diabetes treatment devices market?
In 2019, North America accounted for the biggest share of the global market for diabetes treatment devices, and it is expected to continue to hold a dominant position during the projected timeline.
Due to the rising prevalence of diabetes, the presence of a major producer, and the adoption of cutting-edge diabetic treatment products, the United States made up the largest portion of the contribution.
A growing population of type 2 diabetic patients in Asia Pacific is expected to make that region’s market the one with the quickest growth during the projection period.
During the forecast period, the Asia Pacific diabetes treatment devices market is expected to grow due to rising diabetes awareness, increasing insulin delivery device adoption driven by changes in health technology and the rise of the medical device manufacturing sector, broadening healthcare infrastructure in important countries, and rising population.
What information is provided in this report?
With an emphasis on important players participating in the diabetes treatment devices market, this study offers an in-depth analysis of leading companies with a majority share of the global market.
The company division that deals with the development of diabetes treatment devices can then be found using this information. We’ll additionally calculate the market dominance of well-known firms in the worldwide diabetes treatment devices industry.
The report considers critical competitive factors such as company strategy, product portfolio, key development, SWOT analysis, and research & design strategy of all diabetes treatment device makers.
The participants involved in the market’s supply chain and value chain, as well as their contributions, will be taken into account in the analysis of the global market for diabetes treatment devices. The company’s entire product line would be centered on the gadgets used to treat diabetes.
The recent developments section, in a similar vein, would concentrate on the most recent firm developments, such as strategic partner countries, mergers and acquisitions, the introduction of new products, and geographic expansion in the market for diabetes treatment devices globally.
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Global Diabetes Treatment Devices Market Key Segments:
By Device Type
- BGM Devices
- Self-Monitoring Devices
- Blood Glucose Meters
- Testing Strips
- Continuous Glucose Monitoring Devices
- Insulin Delivery Devices
- Jet Injectors
By Distribution Channel
- Hospital pharmacies
- Retail Pharmacies
- Diabetes Clinics/Centers
- Online Pharmacies
By End Use
- Diagnostic Centers
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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