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Diabetes Care Devices Market size is Anticipated to overtake US$ 41.5Bn by 2025

Author : Rahul Sankrityayan | Published Date : 2019-05-27 

The Diabetes Care Devices Market is set to exceed USD 41.5 billion by 2025; according to a new research report by Global Market Insights. Obesity is a primary driver for growing prevalence of diabetes. Increasing adoption of unhealthy diet, growing alcohol consumption and tobacco smoking coupled with physical inactivity has escalated obese population base to a great extent. As per the Pan American Health Organization (PAHO), nearly 305,000 people died due to type 2 diabetes in America in the year 2014, hence propelling the market growth.

Technological advancements in devices used for monitoring blood glucose levels and insulin delivery will drive diabetes care devices market over the forecast timeframe. Growing population of health-conscious people adopting continuous glucose monitoring devices and rising awareness regarding body weight management will positively impact global diabetes care devices industry growth.

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Several initiatives undertaken by organizations such as the International Diabetes Federation (IDF) to create awareness regarding diabetes care should positively impact market growth. However, lack of reimbursement and insurance coverage along with low per capita spending on diabetes management will hamper diabetes care devices business to a certain extent over the coming years.
 
Blood glucose monitoring devices product segment accounted for more than 60% market share in 2018 and is projected to witness considerable growth over the forecast period. Rising awareness regarding diabetes management, and growing number of health-conscious people leading to high adoption of diabetes monitoring devices should drive blood glucose monitoring devices market.  

Hospitals end-use segment accounted for the largest market share of more than 45% in 2018. Growing hospitalization increases the need to accurately measure and control blood glucose, thereby avoiding morbidity, complications and mortality. Growing chronic disease prevalence, especially diabetes, will increase the demand for diabetes care devices in hospitals over the coming years. In addition, availability of portable and advanced devices for diabetes care in hospitals will impact the segmental share over the forecast years.
 
Home care diabetes end-use segment is forecasted to expand at 6.4% CAGR during the projected years. There is an increasing adoption of blood sugar monitoring and insulin delivery devices in home care settings. High convenience, remote monitoring, portability along with considerable precision are the major factors for robust segmental growth. Self-monitoring of blood sugar and control of blood glucose at home facilitates enhanced care and maintenance of diabetes with greater affordability. Thus, better suitability and development of user-friendly devices will augment the segmental share.
 
U.S. market is estimated to exceed USD 14.5 billion by 2025 owing to increasing incidence of target diseases and rising adoption of sedentary lifestyle. Increasing healthcare spending coupled with technological advancements in diabetes care devices should stimulate U.S. diabetes care devices market growth.   
 
China held more than 30% market share of Asia Pacific diabetes care devices market in 2018. Nearly 10.9% total adult population of China suffer from diabetes, as per the IDF. High prevalence of diabetes, increasing rates of obesity and overweight along with physical inactivity will drive China market over the coming years.

Chapter 1.  Methodology

1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1.  Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2.  Primary

Chapter 2.  Executive Summary

2.1. Diabetes care devices industry 3600 synopsis, 2014 – 2025 (USD Million)
2.1.1.  Business trends
2.1.2.  Product trends
2.1.3.  End-use trends
2.1.4.  Regional trends

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Chapter 3.  Diabetes Care Devices Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025
3.3. Industry impact forces

3.3.1.  Growth drivers
3.3.1.1. Growing prevalence of diabetes
3.3.1.2. Technological advancements in the field of diabetes
3.3.1.3. Favorable device insurance and reimbursement policies
3.3.1.4. Increased government initiatives for better awareness

3.3.2.  Industry pitfalls and challenges
3.3.2.1. Low per capita expenditure on diabetes
3.3.2.2. Lack of reimbursement and stringent regulations in few countries

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)

Data Tables

TABLE 1.    Diabetes care devices industry 3600 synopsis, 2014 – 2025
TABLE 2.    Diabetes care devices  market, 2014 – 2018 (USD Million)
TABLE 3.    Diabetes care devices  market, 2019 – 2025 (USD Million)
TABLE 4.    Diabetes care devices market, by product, 2014 - 2018 (USD Million)
TABLE 5.    Diabetes care devices market, by product, 2019 - 2025 (USD Million)
TABLE 6.    Diabetes care devices market, by end-use, 2014 - 2018 (USD Million)
TABLE 7.    Diabetes care devices market, by end-use, 2019 - 2025 (USD Million)
TABLE 8.    Diabetes care devices market, by region, 2014 – 2018 (USD Million)
TABLE 9.    Diabetes care devices market, by region, 2019 – 2025 (USD Million)
TABLE 10.   Industry impact forces

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-mn-by-2025-2019-05-27

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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