Diabetes Devices Market Worth $35 Billion By 2025 With Major Players: Novo Nordisk A/S, Bayer Healthcare AG, Johnson & Johnson, Abbott Laboratories, Inc., F. Hoffmann La-Roche Ltd., Becton Dickinson and Company, Medtronic, Inc., and Sanofi.

This report concentrates on the Diabetes Gadgets Market by way of producers, regions, type and application, in particular in North the united states, Europe and Asia-Pacific, South the united states, center East and Africa. This document classifies the market based totally on producers, areas, type and application. This report covers associations within the discipline at the side of new product launches, mergers, acquisitions, aggressive panorama analysis, and latest strategic trends within the market by means of the main manufactures.

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Industry Trend Analysis:
Diabetes devices market is expected to be around $35 billion by 2025. This market has witnessed enormous growth in the past few years and is driven by increasing prevalence of diabetes, growing research on diabetes, low diagnosis rate, various government initiatives and international collaborations for diabetic research. Diabetes is fourth leading cause of death among people. As per World Health Organization (WHO), in 2014, around 422 million people were living with diabetes across the globe as compared to 108 million in 1980. This prevalence has almost double since 1980, growing from 4.7% to 8.5% in the adult population. Therefore, increasing incidence of diabetes due to changes in sedentary lifestyle is the major factor contributing to the market growth.

Advancement in technology and easy availability of wide range of user friendly devices has further enhanced the growth of this market. Diabetic devices market is innovation driven and majority of companies are focusing on innovation to develop user friendly devices which will further boost the growth of the market. However, high cost of production, availability of economical alternate treatments, low awareness about diabetes and its prevention, can hamper the market growth.

Competitive Analysis:
A large number of companies compete with each other to increase their market share and sustain their positions at global level. Therefore, they have been introducing large number of innovative and technologically advanced products to the market. For instance, in May 2016, Ascensia Diabetes Care obtained CE Mark for its new CONTOUR NEXT ONE and CONTOUR PLUS ONE blood glucose monitoring systems. This is one of the major developments in the evolution of self-monitoring of blood glucose for diabetic people.

Some of the major players in the market are Novo Nordisk A/S, Bayer Healthcare AG, Johnson & Johnson, Abbott Laboratories, Inc., F. Hoffmann La-Roche Ltd., Becton Dickinson and Company, Medtronic, Inc., and Sanofi.

Market Opportunities:
The healthcare devices market is driven by technology and innovation. Companies are striving hard to design and developed products that will change the way in which diabetes is measured. Products like Bluetooth enable glucose monitoring devices, Smart insulin deliver devices which injects Insulin based on body requirement, devices to keep constant check on glucose with warning signals when glucose level fluctuates will soon be reality in market place. The market for diabetic devices will see tremendous growth with new products coming up that will enhance customer experience with ease of usage of products.

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Diabetes Devices Market Segmentation:
By Product: Monitoring and Diagnostic Devices (Continuous Glucose Monitors, Analog Glucose Meters, Lancets and Glucose Test Strips) and Insulin Delivery Devices: (Insulin Pens, Insulin Injections, Insulin Syringes & Insulin Pumps)

By Region: North America: (U.S, Canada & Mexico), Europe: (Germany, France, UK, Italy, Spain & Rest of Europe), Asia-Pacific: (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific) and Rest of the World: (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates & Others)

Regional Outlook and Trend Analysis:
North America dominates the global market with highest share market in 2016. This is because of presence of large targeted population with high adoption of technologically advanced products. It will continue to maintain its leading position during the forecast period, due to rising adoption of home monitoring devices and developed healthcare infrastructure.

Asia-Pacific is expected to grow at the highest CAGR during the forecast period, due to high diabetic population and increase in disposable income of the people. Latin America is expected to be second fastest growing market because of developing economies such as Argentina and Brazil. With increase in awareness about diabetes and its treatment, increase in healthcare expenditures and various governments’ initiative will further boost the market growth.

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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research

Chapter 2. Executive Summary
2.1. Key Highlights

Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Rising Prevalence of Diabetes
3.3.1.2. Rise in Obese Population
3.3.1.3. Sedentary Lifestyle and Improper Diet
3.3.1.4. Technological Advancements
3.3.2. Restraints
3.3.2.1. High Cost Related to Diagnosis and Treatments
3.3.2.2. Unfavorable Reimbursement Policies for New Technologies
3.3.3. Opportunities
3.3.3.1. Emerging Market to Offer Lucrative Growth Opportunities
3.4. Industry Trends
3.5. Reimbursement Scenario

…Read Full Table of Contents

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