Press release
What's driving the Diabetes Care Devices Market growth? Key Players are: Roche, B. Braun Melsungen AG, Abbott Laboratories, Bayer Corporation, Johnson & Johnson, Medtronic plc, Becton Dickinson and Company, Eli Lilly & Company
Insulin delivery devices market is estimated to reach over USD 16.5 billion by 2025. Growing demand for minimally invasive insulin delivery devices to prevent complication and injury resulting from invasive devices coupled with technological advancements in such devices should stimulate insulin delivery devices market growth in the foreseeable future.
India diabetes care devices market will witness over 8.7% CAGR during the forecast period. According to study published in the Lancet journal, nearly 98 million people in India will suffer from diabetes by 2030. Growing adoption of unhealthy diet, urbanization and rising elderly population base prone to suffer from chronic conditions will drive India diabetes care devices market.
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Companies operating in diabetes care market are currently focusing on developing devices that are easy-to-use and highly efficient in function. Technological advancements in diabetes control devices will drive industry growth. However, low per capita spending on diabetes management and lack of reimbursement and insurance coverage for some devices will restrain industry expansion to certain extent over the forecast period.
Growing adoption of sedentary lifestyle along with unhealthy dietary habits leading to high prevalence of diabetes will escalate adoption of diabetes care devices over the forecast period. Numerous efforts undertaken by international organizations such as the International Diabetes Federation and World Health Organization (WHO) to limit disease incidence rate by creating awareness about diabetes management devices should positively impact business growth.
Obesity is one the primary reasons for growing diabetes prevalence. Majority of obese people suffer from diabetes. Increased consumption of alcohol and tobacco smoking has escalated the obese population base. According to the WHO, nearly 39% of adults (aged more than 18 years) were overweight in 2016.
Abnormal glucose measurements including conditions such as hyperglycemia and hypoglycemia are most commonly witnessed among ICU patients, requiring continuous glucose monitoring thereby stimulating growth of hospital end-use segment. Furthermore, availability of self-monitoring blood glucose devices and portable insulin pumps in market for use at hospital bedside will further drive segment growth.
Germany accounted for more than 25% of Europe diabetes care devices market in the year 2018. High technological adoption, increasing number of people suffering from diabetes and rising healthcare spending will drive Germany diabetes care devices market over the forecast timeframe.
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Few prominent players operating in global diabetes care devices market are Roche, B. Braun Melsungen AG, Abbott Laboratories, Bayer Corporation among others. Market players are focusing on new product development and expanding geographical reach to consolidate and sustain their position in the market.
Report Content
Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Diabetes care devices industry 360 degree synopsis, 2014 - 2025 (USD Million)
2.1.1. Business trends
2.1.2. Product trends
2.1.3. End-use trends
2.1.4. Regional trends
Chapter 3. Diabetes Care Devices Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Growing prevalence of diabetes
3.3.1.2. Technological advancements in the field of diabetes
3.3.1.3. Favorable device insurance and reimbursement policies
3.3.1.4. Increased government initiatives for better awareness
3.3.2. Industry pitfalls and challenges
3.3.2.1. Low per capita expenditure on diabetes
3.3.2.2. Lack of reimbursement and stringent regulations in few countries
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By end-use
3.5. Diabetes prevalence estimates and forecast, by region
3.6. Cost of diabetes management, by region
3.7. Product pipeline analysis
3.8. Reimbursement scenario
3.9. Regulatory landscape
3.9.1. U.S.
3.9.2. Europe
3.10. Technological advancements
3.11. Porter's analysis
3.12. Competitive landscape, 2017
3.12.1. Strategy dashboard
3.13. PESTEL analysis
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