Press release
Global Diabetes Care Devices Market to witness remarkable growth by 2022 :Top keyplayers are Abbott Laboratories, Becton Dickinson, Roche Diagnostics Life Scan, AgaMatrix, Animas, and Dario Health
The Global Diabetes Care Devices Market was valued at US$ XX Mn in 2016 and is expected to reach US$ XX Mn by 2022 growing at a CAGR of XX% during the forecast period. The market is divided into two main segments namely glucose mentoring devices and insulin delivery devices.
Diabetes is a chronic condition in which patient has an abnormally high level of sugar (glucose) in the blood. The global diabetes patient pool is expected to reach 385 million in near future because of increasing aging population, unhealthy dietary patterns and sedentary lifestyle.
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Market Dynamics
Increase in the diabetes incidence rate caused by rapid urbanization and sedentary lifestyle is the major factor driving the growth of diabetes care devices market. Also, technological advancements of diabetes care devices, consumption of junk food, rise in obese population, the surge in need for diagnosis and treatment of diabetes at a faster rate is further expected to boost the market growth.
Lack of ability to measure the exact level of glucose in blood and adverse effects associated with blood glucose monitoring devices are major factors hindering the market growth. Increase in awareness about diabetes monitoring devices in the developing regions is expected to provide numerous opportunities for the market growth.
Current developments in Insulin delivery devices in the US will allow for strong growth by 2017 and the insulin pen and insulin pump patient share will also increase in near future.
Market Segmentation
The market is segmented into glucose monitoring devices market and insulin delivery devices market. The glucose monitoring devices market is segmented into blood glucose meters, blood glucose testing strips, lancets, and continuous glucose monitoring device. Insulin delivery devices market is further segmented into insulin syringes, insulin pens, insulin pumps and insulin injectors. Based on geography, the market is further divided into North America, Asia-Pacific, Europe and Rest of the world.
Regional/Geographic Analysis
Among the different geographies, the US is the major market, contributing one-third of the global revenue. Asia-Pacific region, especially China, is expected to show a huge growth in this market because of continuous economic growth, the high population suffering from diabetes, drastic change in the lifestyle, and lack of awareness in people for diagnosis and treatment.
Key Players
Some of the major players in the market include Abbott Laboratories, Becton Dickinson, Roche Diagnostics LifeScan, AgaMatrix, Animas, and DarioHealth.
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The report contains comprehensive analysis on:
Diabetes Care Devices Market Segments
Diabetes Care Devices Market Drivers, Restraints and Opportunities
Diabetes Care Devices Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Diabetes Care 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 for Diabetes Care 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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