Press release
Global Diabetes Devices Market was valued at $18.5 billion in 2015 and is expected to grow at a CAGR of 5.93% to reach $30.25 billion by 2021 :Top keyplayers are Abbott Laboratories, Dexcom Inc., ACON Laboratories Inc., Becton, Dickinson and Company, John
The Global Diabetes Devices Market was valued at $18.5 billion in 2015 and is expected to grow at a CAGR of 5.93% to reach $30.25 billion by 2021. Glucose monitoring devices will be the largest growing category in the market with a CAGR of 6.02 % followed by insulin delivery devices forecasted to grow at a CAGR of 5.59 %. Diabetes is a metabolic disorder in which the pancreas ability to produce or use insulin is affected and hence blood glucose levels rises than the normal level of glucose. Diabetes devices are used for monitoring and management of the level of glucose in a diabetic patient's body. These devices also facilitate the delivery of insulin in the patient's body.
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Market Dynamics
The Diabetes Market is driven by large diabetic patient pool caused by rapid urbanization and sedentary lifestyle. In addition, factors such as more R&D in diabetes diagnosis, technological advancements in the field of diabetes devices and a demand for faster and safer diagnosis & treatment of diabetes are adding to growth. The growing demand for minimally or non-invasive products is expected to propel the market growth further.
There are certain restraints in the market such as high cost associated with the diagnosis and treatment, irregular reimbursement and patent expiry. In addition, certain devices don't give an exact figure but a range in which a certain parameter may lie, for example, blood glucose monitoring devices give a range about the blood glucose level of a patient.
Market Segmentation
The market is segmented into
Glucose Monitoring Devices Market
Blood glucose meters
Testing strips
Blood glucose testing strips
Continuous glucose monitoring device
Lancets
Insulin Delivery Devices Market Glucose
Insulin syringes
Insulin pumps
Insulin pens
Insulin injectors
Geographic Analysis
North America has the largest market share of around 32% in 2015 and is expected to grow at a CAGR of 5.9%. The US is the major revenue pocket in this region. In 2015, Europe was the second largest market followed by Asia-Pacific. Asia-Pacific will be the fastest growing segment in this market especially countries like China and India owing to the high prevalence of diabetes, growing disposable income, rising awareness regarding these devices among others.
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Key Companies
The key players profiled in this market are Abbott Laboratories, Dexcom Inc., ACON Laboratories Inc., Becton, Dickinson and Company, Johnson & Johnson, Dexcom Inc., F. Hoffmann-La Roche Ltd, Medtronic plc and Terumo Corporation.
The report contains comprehensive analysis on:
Diabetes Devices Market Segments
Diabetes Devices Market Drivers, Restraints and Opportunities
Diabetes Devices Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Diabetes Devices Market Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
Regional analysis Diabetes Devices Market includes
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.
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Report Highlights:
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
In-depth Market Segmentation
Historical and Projected Market Sizing in terms of volume and value
Recent market trends and Impact Factors
R&D Status and Technology Overview
Extensive Industry Structure Coverage
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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