2020 Diabetes Care Devices Market To Boom in Near Future|Global Key Players Analysis Medtronic plc, Roche Holding AG, Johnson & Johnson (J&J), Sanofi

TheBusinessResearchCompany.com offers "Diabetes Care Devices Market By Segments (Blood Glucose Test Strips, Insulin Pens, Syringes, Pumps And Injectors), By Applications, By Trends And By Regions - Global Forecast To 2022" from its research store.

The diabetes care devices (or) equipment market consists of sales of diabetes care devices and related services by entities (organizations, sole traders and partnerships) that produce diabetes care devices used to monitor and control blood glucose levels in diabetic patients. Going forward, government initiatives and technological development will drive the growth. Factors that could hinder the growth of this market in future are an increasing availability of alternative treatments and government regulations.

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The diabetes care devices market size will gain the most in the USA at $ 4,131.1 million. Market-trend-based strategies for the diabetes care devices market include the adoption of new technologies such as shift in traditional insulin syringe, innovation of new wearable devices and mobile applications, intelligent glucose meters, connected digital diabetes apps, data analytics and AI-based services and increased use of artificial pancreas systems are some of the major innovations striving the diabetes care devices market.

Diabetes Care Devices Market Segmentation: -
By Device Type - The diabetes care devices market is segmented by type into
1. Insulin Pens, Syringes, Pumps And Injectors
2. Blood Glucose Test Strips
3. Blood Glucose Meters
4. Continuous Glucose Monitoring Devices
5. Lancing Devices

Continuous Glucose Monitoring Devices had the highest growth rate of nearly 18% during the historic period. The fastest market growth can be attributed to the embryonic stage of the market for such devices and their increased adoption due to these devices being easier to use than conventional glucose monitoring devices such as glucose meters. Although CGM has been available for more than a decade, adoption has been relatively low, particularly outside the United States and European countries, and coverage by global reimbursement authorities has been limited. There is limited evidence on effectiveness of usage of CGM due to lack of robust clinical trials about the value of CGM in patients receiving multiple daily insulin injections (MDI) versus use of CGM in combination with insulin pump therapy.

By End Use - The diabetes care devices market is segmented by end use
1. Homecare/Personal Use
2. Diagnostic centers
3. Hospitals

Homecare/personal use accounted for the largest share of the diabetes care devices market in 2018 at 60.07%.

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By Geography - The diabetes care devices market is segmented into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa

North America is the largest market for diabetes care devices companies, accounting for 46.8% of the global market. It was followed by Western Europe, Asia Pacific, and other regions. Going forward, Asia Pacific and Africa will be the fastest growing markets in the diabetes care devices market.

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Some of the major key players involved in the diabetes care devices market are Medtronic plc, Roche Holding AG, Johnson & Johnson (J&J), Sanofi, Becton, Dickinson and Company, Abbott Laboratories, Ascensia Diabetes Care Holdings AG, Dexcom, Inc., Novo Nordisk A/S, Ypsomed AG.

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