The Global Diabetes Care Market is projected to grow at CAGR of 5.53% during the forecast period to reach a market size of US$95.102 billion in 2023
In addition, the Global Diabetes Care market has been estimated based on the geography, covering five regions namely North America, South America, Europe, Middle East, and Africa and the Asia Pacific, and some of the major economies in each of these regions. The demand for diabetes care would primarily be driven by rapidly changing and unhealthy lifestyle increasing the incidences and threat of diabetes among the people. Continuous advancements in technologies are enhancing the capabilities and reliability of diabetes care solutions will pose an interesting opportunity for existing and new market players around the world. However, the high cost of advanced devices and accessories for diabetes care might restrain the growth of the market during the given time frame.
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By Devices, injection pens are projected to hold a significant market share in the global diabetes care market.
It is estimated that injection will hold a significant share in the global diabetes care market owing to the ease of usage of by the diabetic patients. Further rising adoption of the home care devices coupled with the ability of these devices to deliver accurate dosage will augment the growth of the market during the next five years.
The North America region is estimated to hold the lion’s share in the global diabetes care market throughout the forecast period.
Geographically, North America holds the largest market share due to the presence of a large base of diabetic patients owing to a sedentary lifestyle. In addition, well-defined healthcare infrastructure has further provided a boost to the North America diabetes care market. The Asia Pacific will also show robust growth during the forecast period owing to the growing awareness regarding diabetes care and developing the healthcare landscape in the region.
This report also includes a study of strategies and product portfolios of some of the leading companies in the global diabetes care market. It consists of company profiles of the leading companies such as Sanofi-Deutschland GmbH, Johnson & Johnson Services, Inc., Ypsomed AG, Dexcom, Inc., and Medtronic among others.
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