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Diabetes Care Devices Market 2020 growth factors, latest trend and regional analysis of leading players by 2025

Author : Ronak Bora | Published Date : 2020-09-16 

Diabetes Care Devices Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Global diabetes care devices market has witnessed enormous demand over the last couple of years due to the growing prevalence of the disease and unparalleled development in the medical services, in both developed and developing countries. Busy work culture leading to making unhealthy food choices along with the reducing amount of physical exercise has considerably impacted the health of billions of people and generated lucrative business opportunities for medical device providers.

Incessant intake of alcohol, consumption of fast food, and drinking sugary carbonated beverages are some of the main factors behind lowering the quality of health across communities. Increasing awareness among the consumers regarding the availability of various therapies and medical devices will extensively propagate the diabetes care devices industry due to the need for effective monitoring and control methods.

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Reports suggest that diabetes care devices market size could cross USD 41.5 billion in total annual remuneration by the end of 2025.

Moreover, numerous efforts undertaken by World Health Organization and International Diabetes Federation to limit disease incidence rate by creating awareness about diabetes management devices is estimated to foster diabetes care devices market size. Rising technological advancements in diabetes control devices coupled with growing investments from industry players toward R&D and novel product launches will further fuel diabetes care devices market share.

In terms of end-use landscape, hospitals are estimated to procure a considerable share of diabetes care devices market. Health conditions such as hypoglycemia and hyperglycemia require continuous blood glucose monitoring in ICUs thus fueling the diabetes care devices market in hospitals. Moreover, easy availability of portable insulin pumps and other self-monitoring blood glucose devices will further boost hospital end-use segment growth.

Home care end-use segment is also slated to witness substantial proceeds in the coming years. The growth can primarily be attributed to the rising prevalence of affordable and easily accessible home healthcare devices coupled with the growing number of diabetic patient base. In terms of revenue, diabetes care devices market share from homecare segment is estimated to register a CAGR of 6.4% over 2019-2025.

Speaking of the product landscape, insulin delivery devices market is expected to witness massive traction through 2025 primarily driven by the rising prevalence of minimally invasive injuries. As per estimates, insulin delivery devices market share is forecast to surpass a valuation of $16.5 billion by 2025.

The product spectrum of diabetes care devices market will further witness gains from the rising popularity of blood glucose monitoring devices. As diabetes is engulfing nations, masses are getting health conscious. Rising awareness regarding diabetes management is leading to high adoption of diabetes monitoring devices and is estimated to further drive blood glucose monitoring devices market outlook. In 2018, blood glucose monitoring devices segment accounted for over 60% of diabetes care devices market share.

Regionally, U.S. diabetes care devices market is forecast to witness considerable gains through 2025 with a target revenue of USD 14.5 billion. Rising healthcare technological advancements, growing diabetic patient base and prevalence of a sedentary lifestyle are some of the major factors driving the regional trends. 

China and India are projected to be major growth pockets for APAC diabetes care devices market. Rapid urbanization, unhealthy dietary habits, and rise in geriatric population base are slated to drive APAC diabetes care devices market trends over the coming years. As per estimates by Lancet journal, nearly 98 million people will suffer from diabetes in India by 2030, indicating a strong potential for the regional market. In terms of revenue, India diabetes care devices market is forecast to register a CAGR of 8.7% over 2019-2025.

Industry players are currently focusing on developing innovative, user-friendly and affordable diabetes management devices that have a high efficiency quotient. The prominent vendors are resorting to strategies such as collaborations and M&As to expand their consumer base. Some of the key players participating in the competitive landscape of diabetes care devices market include B. Braun Melsungen AG, Abbott Laboratories, Roche and Bayer Corporation among others. 

Browse full table of contents (TOC) of this report @  https://www.gminsights.com/toc/detail/diabetes-care-devices-market

Partial Chapter of the Table of Content 

Chapter 4.  Diabetes Care Devices Market, By Product

4.1. Key segment trends

4.2. Blood glucose monitoring devices

4.2.1.  Market size, by region, 2014-2025 (USD Million)

4.2.2.  Self-monitoring blood glucose meters

4.2.2.1.  Market size, by region, 2014-2025 (USD Million)

4.2.3.  Continuous glucose monitors

4.2.3.1.  Market size, by region, 2014-2025 (USD Million)

4.2.4.  Testing strips

4.2.4.1.  Market size, by region, 2014-2025 (USD Million)

4.2.5.  Lancets

4.2.5.1.  Market size, by region, 2014-2025 (USD Million)

4.3. Insulin delivery devices

4.3.1.  Market size, by region, 2014-2025 (USD Million)

4.3.2.  Insulin pumps

4.3.2.1.  Market size, by region, 2014-2025 (USD Million)

4.3.2.2. Tubed pumps

4.3.2.2.1. Market size, by region, 2014-2025 (USD Million)

4.3.2.3. Tubeless pumps

4.3.2.3.1. Market size, by region, 2014-2025 (USD Million)

4.3.3.  Pens

4.3.3.1.  Market size, by region, 2014-2025 (USD Million)

4.3.3.2. Reusable

4.3.3.2.1. Market size, by region, 2014-2025 (USD Million)

4.3.3.3. Disposable

4.3.3.3.1. Market size, by region, 2014-2025 (USD Million)

4.3.4.  Pen needles

4.3.4.1.  Market size, by region, 2014-2025 (USD Million)

4.3.4.2.   Standard

4.3.4.2.1. Market size, by region, 2014-2025 (USD Million)

4.3.4.3.  Safety

4.3.4.3.1. Market size, by region, 2014-2025 (USD Million)

4.3.5.  Syringes

4.3.5.1.  Market size, by region, 2014-2025 (USD Million)

4.3.6.  Others

4.3.6.1.  Market size, by region, 2014-2025 (USD Million)

Chapter 5.  Diabetes Care Devices Market, By End-use

5.1. Key segment trends

5.2. Hospitals

5.2.1.  Market size, by region, 2014-2025 (USD Million)

5.3. Ambulatory surgery centers

5.3.1.  Market size, by region, 2014-2025 (USD Million)

5.4. Diagnostic centers

5.4.1.  Market size, by region, 2014-2025 (USD Million)

5.5. Home care

5.5.1.  Market size, by region, 2014-2025 (USD Million)

5.6. Others

5.6.1.  Market size, by region, 2014-2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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