Why the Diabetes Devices Market is set to explode? Top Companies: Abbott, Sanofi, Hoffmann-La Roche Ltd, Medtronic, Eli Lilly and Company, BD, Tandem Diabetes Care, Inc.

The Global “Diabetes Devices Market” is anticipated to exhibit an impressive CAGR of 5.5% on account of rising prevalence of diabetes. Key insights into this fast growing market, valued at US$ 32,441.3 mn in 2018, have been shared by Fortune Business Insights in its report, titled “Diabetes Devices Market Size, Share and Global Trend By Product (Monitoring Devices, Treatment Devices), By Distribution Channel (Institutional Sales, Retail Sales) and Geography Forecast till 2026”. The report brings out the key aspects that will influence the market in the forecast period. Diabetes is a metabolic disease in which the body is unable to process glucose, leading to elevated levels of blood sugar. This happens as the body does not make enough insulin (a hormone made by the pancreas), which helps the glucose enter the cells and supply the body with energy to function. Diabetes devices such as insulin pumps and continuous glucose monitors are used by medical professionals and patients to regulate and monitor blood glucose levels.

Leading Players operating in the Diabetes Devices Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

Abbott,
Sanofi,
Hoffmann-La Roche Ltd,
Medtronic,
Braun Melsungen AG,
a few others.
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Certain Misgivings May Restrain Market Growth

The global diabetes devices market is expected to grow on the basis of steadily rising adoption rates of various monitoring devices. However, certain devices entail a few risks, which may cast a shadow of doubt in the minds of consumers. For example, insulin pumps are very convenient and efficient way to administer the required amount of insulin into the body. But, there is a fear that patients might get infected at the catheter site. Insulin pumps are also expensive, which can push people to avail traditional methods of diabetes care. Similarly, continuous glucose monitors (CGMs) are known to be inaccurate, especially in case of drop in glucose levels. This is mainly because the technology is still developing. CGMs are also known to be expensive.

Key Segmentation:

By Product

Monitoring Devices
Blood Glucose Meters
Test Strips
Lancets
Others
Treatment Devices
Insulin Pens
Insulin Pumps
Insulin Jet Injectors
Insulin Syringes
Others
By Distribution Channel
Institutional Sales
Hospitals
Clinics
Others
Retail Sales
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
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Detailed Table of Content:

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Prevalence Of Diabetes, 2018, Key Countries/ Region
Technological Advancements
Pricing Analysis, Key Regions/Key Players
Recent Industry Developments Such As Mergers & Acquisitions
Global Diabetes Devices Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast– By Product
Monitoring Devices
Blood Glucose Meters
Test Strips
Lancets
Others
Treatment Devices
Insulin Pens
Insulin Pumps
Insulin Syringes
Insulin Jet Injectors
Others
Market Analysis, Insights and Forecast– By Distribution Channel
Institutional Sales
Hospitals
Clinics
Others
Retail Sales
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Market Analysis, Insights and Forecast– By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
North America Diabetes Devices Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Product
Monitoring Devices
Blood Glucose Meters
Test Strips
Lancets
Others
Treatment Devices
Insulin Pens
Insulin Pumps
Insulin Syringes
Insulin Jet Injectors
Others
Market Analysis, Insights and Forecast – By Distribution Channel
Institutional Sales
Hospitals
Clinics
Others
Retail Sales
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Market Analysis, Insights and Forecast – By Country
S.
Canada
Continued...

Reasons to Purchase this Report:

Comprehensive analysis of the Diabetes Devices Market growth drivers, obstacles, opportunities, and other related challenges.
Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
Identifies market restraints and boosters.

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