Diabetes Care Devices Market: Industry Size and Latest Product Devlopment up to 2027: BD, Novo Nordisk A/S, B. Braun Melsungen AG, Insulet Corporation, Medtronic, Tandem Diabetes Care, Inc., Eli Lilly | Major Driving Factors by TIP

The Insight Partners market research study titled "Diabetes Care Devices Market - Global Analysis and Forecasts by Product and End User.

The Research report Provides the latest trends prevalent in the global diabetes care devices market and the factors driving the market along with those that act as deterrents to its growth.

Major prominent players operating in diabetes care devices market are, BD, Novo Nordisk A/S, B. Braun Melsungen AG, Insulet Corporation, Medtronic, Tandem Diabetes Care, Inc., Eli Lilly and Company, Dexcom, Inc., Terumo Corporation, F. Hoffman-LA Roche Ltd.

The market players are focused towards bringing new and innovative products and services to sustain their position in the market. For instance, in February 2019, Tandem Diabetes Care, Inc. announced that the U.S. Food and Drug Administration (FDA) has classified the t:slim X2 insulin pump as the first in a new device category called Alternate Controller Enabled Infusion Pumps (ACE pumps).

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Driving Factors of Diabetes Care Devices Market:

1.Rise in the government support for the diabetes care.

2.Rising incidence of diabetes, Growing geriatric population.

3.Increasing prevalence of obesity across the globe.

4.Rapid technological advancement in diabetes care devices.

Key Benefits of Report:

The diabetes care devices market by product is segmented into glucose monitoring devices and insulin delivery devices.

In 2018, the glucose monitoring devices segment held a largest market share of 54.1% of the diabetes care devices market, by product.

This segment is also expected to dominate the market in 2027 owing to rise in the prevalence of the diabetes and presence of the several market players that offers technically advanced products.

Moreover, the glucose monitoring devices segment is also anticipated to witness the fastest growth rate of 6.4% during the forecast period, 2019 to 2027 owing to the rising demand for the glucose monitoring devices.

COVID-19 Pandemic disrupted the entire world and affected many business industries.

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The Report Provides Overall Study reliable data on:

1. Market Industry Trends and Market size
2. Market Segmentation and sub-segment
3. Demand and Product Development
4. Competitive Research
5. Current trends , Opportunities

Product Insights- The global diabetes care devices market by product segments was led by glucose monitoring devices segment. In 2018, the glucose monitoring devices held a largest market share of 54.1% of the diabetes care devices market, by product.

Strategic Insights- Product launches and up gradation were observed as the most adopted strategy in global diabetes care devices industry. For instance, in March 2019, Tandem Diabetes Care, Inc has announced that it is now registered as an approved vendor of insulin pumps and supplies under the Assistive Devices Program (ADP) in Ontario, Canada.

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