Press release
Diabetes Care Devices Market 2020 Strategic Assessments - Medtronic plc, Roche Holding AG, Johnson & Johnson (J&J), Sanofi
Diabetes Care Devices Global Market Report 2020Global growth in the historic period resulted from increasing diabetes prevalence and economic growth. Factors that negatively affected growth in the historic period were lack of awareness, low healthcare access and preference for oral treatment. 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.
The market for diabetes care devices reached a value of nearly $28.9 billion in 2018, having grown at 6.5% since 2014 and is expected to grow at a compound annual growth rate (CAGR) of 7.6% to nearly $38.7 billion by 2022.
Top Leading Companies Mentioned are: Medtronic plc, Roche Holding AG, Johnson & Johnson (J&J), Sanofi, Becton, Dickinson and Company and Abbott Laboratories.
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The diabetes care devices market is segmented by type into blood glucose test strips, lancing devices, blood glucose meters, continuous glucose monitoring devices; insulin pens and insulin syringes and insulin pumps and injectors. Insulin pens, syringes, pumps and injectors accounted for the largest share of the diabetes care devices market in 2018 at 45.3%, while the continuous glucose monitoring devices market is expected to grow at the highest CAGR of 18.3% during the forecast period.
This report provides a detailed analysis of the Diabetes Care Devices market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.
Latest news and developments:
December 17, 2019: Medtronic plc (NYSE:MDT), the global leader in medical technology, announced it has completed the acquisition of Klue, a software company focused on behavior tracking that can provide real-time insights into when a person is consuming food. Klue's technology is expected to be incorporated into the Medtronic Personalized Closed Loop (PCL) insulin pump system, currently in development. The PCL system is designed to automate insulin delivery in a way that is real-time, personalized and adapts to the user, with a goal of dramatically simplifying diabetes management for the patient. In addition, the Klue technology can be leveraged to enhance the company's market-leading analytics and insights in their smart1 CGM technology to help people using multiple daily injections (MDI) stay ahead of high and low glucose events.
September 16, 2019: Medtronic plc (NYSE:MDT), and Novo Nordisk A/S announced a collaboration that will develop solutions to integrate insulin dosing data from future Novo Nordisk smart insulin pens into Continuous Glucose Monitoring (CGM) devices from Medtronic, such as the Guardian Connect system. People with diabetes spend an average of one hour a day on self-care, amounting to a full two years devoted exclusively to their disease over their lifetime.1,2This new, non-exclusive collaboration reflects both companies?commitment to making diabetes management easier by integrating key health technologies.
Essential points covered in Global Diabetes Care Devices Market 2020 Research are:-
What will the market size and the growth rate be in 2022?
What are the key factors driving the global Diabetes Care Devices market?
What are the key markets trends impacting the growth of the global Diabetes Care Devices market?
What are the challenges to market growth?
Who are the key vendors in the global Diabetes Care Devices market?
What are the market opportunities and threats faced by the vendors in the global Diabetes Care Devices market?
What are the key outcomes of the five forces analysis of the global Diabetes Care Devices market?
This independent 273 pages report guarantees you will remain better informed than your competition. With over figures examining the Diabetes Care Devices market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader's market revenue forecasts as well as analysis to 2022.
Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Diabetes Care Devices in these regions, covering Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East and Africa.
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https://www.marketinsightsreports.com/reports/03261159750/diabetes-care-devices-global-market-opportunities-and-strategies-to-2022?source=OpenPr&Mode=R15
Furthermore, the report provides a detailed analysis of the global Diabetes Care Devices market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Diabetes Care Devices market by countries, comprising of its market by value, volume, and ARPU and penetration rate.
Reasons for Buying this Report:
Outperform competitors using accurate up to date demand-side dynamics information.
Identify growth segments for investment.
Facilitate decision making on the basis of historic and forecast data and the drivers and restraints on the market.
Create regional and country strategies on the basis of local data and analysis.
Stay abreast of the latest customer and market research findings
Benchmark performance against key competitors.
Develop strategies based on likely future developments.
Utilize the relationships between key data sets for superior strategizing.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Gain a global perspective on the development of the market.
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The research includes historic data from 2015 to 2019 and forecasts until 2022 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Diabetes Care Devices on the basis of stating current situation of the industry in 2019 so as to make comprehensive organization and judgment on the competition situation and development trend of Diabetes Care Devices Market and assist manufacturers and investment organization to better grasp the development course of Diabetes Care Devices Market.
Browse Related Reports:
Pet Diabetes Care Market:
https://www.marketinsightsreports.com/reports/03021864760/global-pet-diabetes-care-market-size-status-and-forecast-2020-2026?source=OpenPr&Mode=R15
Home Diabetes Care Device Market:
https://www.marketinsightsreports.com/reports/03181908857/global-home-diabetes-care-device-market-research-report-2020?source=OpenPr&Mode=R15
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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MarketInsightsReports provides syndicated Market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. MarketInsightsReports has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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