Latest Study explores the Medical Diabetes Care Devices & Drugs Market Witness Highest Growth in near future
The global diabetes care devices & drugs market is driven by the increasing incidence & prevalence of diabetes, various technological advancements, rising obesity rate, and increasing sedentary lifestyle & improper diet. In addition, development of new formulations and insulin delivery technologies further provides significant opportunities for the various stakeholders in this market. However, high cost associated with diagnosis and treatment, reimbursement issues, and lack of awareness is expected to hinder the growth of this market to some extent.
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The global diabetes care devices & drugs market is mainly segmented by different type of devices and drugs. Diabetes care drugs segment dominated the overall market in 2016, and is expected to continue its dominance during the forecast period. The large share of this market is attributed to the huge demand for insulin and oral hypoglycemic drugs for the treatment of type I & II diabetes.
The diabetes care drugs market is categorized into insulin, oral hypoglycaemic drugs, and non-insulin injectable drugs. Insulin held the largest share in the global diabetes care drugs market in 2016. The largest share of this market is mainly attributed to the increasing use of insulin to control the glucose level in blood by type 1 diabetes patients, rising market demand for human insulin analogs, and favorable medical reimbursements.
Scope of the Report
Market by Type
• Diabetes monitoring devices
• Test strips
• Self-monitoring devices
• Continuous blood glucose monitoring devices
• Hemoglobin A1c testing kits
• Insulin delivery devices
• Insulin Pens
• Insulin Syringes
• Insulin Pumps
• Insulin Jet Injectors
Market by Geography
• North America
• Rest of Europe
• Rest of Asia-Pacific
• Rest of World
• Latin America
• Middle East and Africa
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Company Profiles (Business overview, ,Financials, Product portfolio, and Recent developments)
1. Novo Nordisk A/S
2. Ypsomed AG
3. Abbott Laboratories
4. Ascensia Diabetes Care Holdings AG
5. Eli Lilly And Company
6. Hoffmann-La Roche Ltd.
7. Johnson & Johnson
8. Medtronic Plc
9. Becton, Dickinson And Company
10. Terumo Corporation
11. Sanofi S.A.
12. Merck & Co., Inc.
13. Novartis Ag
15. Boehringer Ingelheim GmbH
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+91 744-7780008 (Asia-Pacific)
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.
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