Diabetes Care Devices Industry Market to be worth +10 million by 2023 major key players profiled in this report are Roche Diagnostics Limited, Johnson & Johnson, Abbott Laboratories, Bayer AG, Medtronic PLC, Becton, Dickinson and Company, Ypsomed AG, Novo

The global market for diabetes care devices is expected to be worth USD +10 million by 2023. Diabetes Care Devices are used to monitor glucose levels in diabetics. body. These devices also facilitate the delivery of insulin into the patient's body. diabetes care devices have grown significantly in recent years and is largely driven by the growing number of diabetic patients the growing research on diabetes and the intensification of international research collaborations. The increase in the obese population and rapid industrialization and urbanization have also contributed to the growth of this market. However, the high cost of diabetes care devices, the disparity of reimbursements, the availability of alternative treatments and lack of awareness inhibit the growth of this market.

North America dominates the market for diabetes care devices. The factors attributed to this growth are the increasing prevalence of diabetes, caused mainly by urbanization and sedentary lifestyles. Asia-Pacific is expected to experience significant growth over the forecast period, due to factors such as the high prevalence of diabetes, growth of the obese population, and government diabetes awareness initiatives.

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the market has been segmented into blood glucose monitoring devices and insulin delivery devices. The blood glucose monitoring devices are further classified into test strips, self-monitoring glucose monitors, lancets, continuous glucose meters, and the like. On the other hand, insulin-based drug delivery devices are sub-segmented into insulin syringes, insulin pens, insulin pumps, and insulin jet injectors.

Key players profile in this report: Roche Diagnostics Limited, Johnson & Johnson, Abbott Laboratories, Bayer AG, Medtronic PLC, Becton, Dickinson and Company, Ypsomed AG, Novo Nordisk A/S, Arkray, Inc., Sanofi, Acon Laboratories, Inc., Terumo Corporation, Dexcom, Inc.

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