Diabetes Monitoring Devices Market Analysis Report, Regional Outlook with Key Players – Bayer Healthcare AG, Medtronic, Dexcom, Sanofi, Abbott Laboratories, MediWise, Arkay, Cnoga Medical, Bigfoot Biomedical

Coherent Market Insights has announced the addition of the “Diabetes Monitoring Devices Market Size Status and Forecast 2026”, The report classifies the global Diabetes Monitoring Devices Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Diabetes Monitoring Devices Speaker market, analyzes and researches the Diabetes Monitoring Devices Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market, like Bayer Healthcare AG, Medtronic, Dexcom, Sanofi, Abbott Laboratories, MediWise, Arkay, Cnoga Medical, Bigfoot Biomedical

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The major factors contributing the growth of global diabetes monitoring devices market are increasing number of patients suffering from diabetes across the world. According to the World Health Organization (WHO) 2014, diabetes is one of the diseases that has dire consequences on health, which affected around 422 million people across the world in 2014. Moreover, it has resulted in approximately 1.6 million deaths in 2015, which increases the demand for management solutions. Moreover, obesity is one of the other prominent factor that leads to the cause of diabetes in most of the obese patients.

According to The National Institute of Diabetes and Digestive and Kidney Diseases, Statistics on Diabetes 2015, over 90% of patients suffering from diabetes were reported to be obese. However, the high cost of these devices coupled with the calibration errors associated with these devices are hindering the market growth. The research and development in the area of continuous glucose monitors are expected to provide growth opportunities for new and established market players to capitalize upon and witness growth in terms of sales, as these devices are in high demand due to the hassle free diabetes monitoring records that they provide in real time at a go.

Diabetes refers to a group of metabolic diseases in which a person suffers from high or low levels of blood sugar levels for a prolonged period. Most common symptoms of diabetes includes increased thirst, increased urination, and increased hunger. Diabetes is one the prime diseases that carries risk of chronic cardiovascular diseases and can also lead to life-threatening events such as cardiac arrests or heart failure. Thus, it is a preliminary requirement for diabetic patient to monitor blood glucose levels at frequent time intervals, which can be achieved by diabetes monitoring devices.

Diabetes is referred as group of metabolic diseases wherein patient suffers from varying levels of glucose either due to inadequate production of insulin or due to irresponsiveness of body’s cells to respond to insulin. Symptoms of patients suffering from diabetes include frequent urination (polyuria), excessive hunger (polyphagia), and increased thirst (polydipsia). Diabetes can affect eyes, kidneys, nerves and other body parts wherein, the excessive blood glucose levels can result into progression of cardiovascular diseases leading to death of a person. Thus the treatment goal of diabetes is to control the blood sugar levels, which can be monitored and tracked using assistive medical devices known as diabetes monitoring or blood glucose monitoring devices. These devices are available for patients suffering from both type I and type II diabetes for regular glucose invigilation and secure oneself from threats associated with diabetes. High prevalence of diabetes due to changing lifestyle is increasing the demand for diabetes monitoring devices in developed as well as emerging economies, which in turn is propelling growth of the market.

Global Diabetes Monitoring Devices Market, By Product Type:

Self-Monitoring Glucose Devices
Continuous Glucose Monitoring Devices

Global Diabetes Monitoring Devices Market, By Indication:

Type-I Diabetes
Type-II Diabetes
Gestational Diabetes

Global Diabetes Monitoring Devices Market, By Approach:

Invasive
Non-Invasive

Global Diabetes Monitoring Devices Market, By End User:

Hospitals
Clinics
Ambulatory Surgical Centers
Home Care Centers

North America accounts for highest share in the global diabetes monitoring devices market, owing to government initiatives undertaken for the prevention of diabetes and treatment support coupled with presence of leading players in the region and advanced technical implementation in drug discovery procedures. For instance, in April 2017, the Centers of Disease Control and Prevention (CDC) released a five year funding opportunity announcement to scale up the National Diabetes Prevention Program in underserved areas of the country. Moreover, the CDC’s Division of Diabetes Translation (DDT) funds state and local health departments to support programs and activities for improving health outcomes in people suffering from diabetes. Asia Pacific is expected to witness a significant growth over the forecast period, owing to increasing incidence of diabetic patients as well as development of cost-effective diabetes monitoring devices to cater the local population. For instance, according to the World Health Organization (WHO), 2017, the South-East Asian region has an estimated 96 million people suffering from diabetes, which creates high demand for blood glucose monitoring devices and medical therapies, which in turn is fueling the market growth.

On the contrary, increasing efforts by healthcare authorities and medical insurance companies to educate patients regarding the advantages of diabetes monitoring devices can create potential opportunities for growth of the market.

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