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Global Diabetes Care Devices Market Expected to Witness a Sustainable Growth over 2023
Diabetes Care Devices conclude glucose Monitoring Device (blood glucose meters, blood glucose test strips, lancing devices, continuous glucose monitoring devices, HbA1c testing kits and others) and insulin delivery device (insulin pumps, insulin syringes, insulin pens and others).
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Global Diabetes Care Devices Market: Forecast by Type / Application / Region
Diabetes is a metabolic disorder that affects your pancreas ability to produce or use insulin. Insulin is a hormone secret by the beta cell of the islet of Langerhans of the pancreas. When your body turns the food which u eat into energy molecule glucose. In response to glucose, body secretes insulin which helps to transport glucose/energy to the cells. Insulin acts as a key to remaining energetic. It is a chemical message that tells the cell to open and receive glucose. If the body produces little or no insulin or are insulin resistant, too much sugar remains in your blood. Blood glucose levels are higher than normal for individuals. This results in diabetes. There are two main types of diabetes: Type 1 and Type 2. Type 1 is also known as insulin dependent diabetes mellitus whereas type 2 is known as noninsulin dependent diabetes mellitus.
Diabetes is a metabolic disorder that affects your pancreas ability to produce or use insulin. Diabetes currently affects 386 million people worldwide and is expected to increase to 592 million people by 2035. The diabetes prevalence is growing with rising obesity rates, lifestyle and dietary changes, and growing ageing population. Therefore, given the huge numbers of diabetics worldwide and the financial implications due to diabetes, there is a substantial business potential in the diabetes care devices market.
Over the next five years, LPI(LP Information) projects that Diabetes Care Devices will register a 5.1% CAGR in terms of revenue, reach US$ 25700 million by 2023, from US$ 20000 million in 2017.
Global Diabetes Care Devices Market: Key Players
Roche
Medtronic plc
J&J
Abbott
Ascensia Diabetes Care
BD
Dexcom
ARKRAY Inc
B. Braun
Terumo Corporation
Ypsomed
Sannuo
Sanofi
I-sens
Alere
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Related Information:
United States Diabetes Care Devices Market Research Report 2018
Europe Diabetes Care Devices Market Research Report 2018
North America Diabetes Care Devices Market Research Report 2018
Asia-Pacific Diabetes Care Devices Market Research Report 2018
China Diabetes Care Devices Market Research Report 2018
EMEA Diabetes Care Devices Market Research Report 2018
Global Diabetes Care Devices Market Research Report 2018
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