Diabetes Care Devices Market 2021-2025 Forecast and COVID-19 Impact on Business, Industry, Revenue and Actionable Insights

Diabetes Care Devices Market Report 2021: New Business Ideas and Perceptions

The Diabetes Care Devices market will grow from USD 102.36 Billion in 2017 to USD 121.77 Billion by 2025, at an estimated CAGR of 3.53%.

The Global Diabetes Care Devices Market Report 2021-2027 provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, restraints, and competitive landscape that are playing a substantial role in the Diabetes Care Devices market. The increasing consumer demand & spending on Diabetes Care Devices market is expected to drive the enormous growth over the forecast years. The comprehensive Diabetes Care Devices market Report will help clients to comprehend the market ups-downs and numerous different angles.

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Global Diabetes Care Devices Market: Segmentation Analysis-

The Global Diabetes Care Devices Market is Segmented on the basis of Diabetes Care Devices Size, Material, And Geography.

Market Trends On Diabetes Care Devices-

Rising Prevalence of Diabetes

The diabetes care devices market reached USD 69.7 billion in 2019, and it is anticipated to register a CAGR of 4.6% during the forecast period (2020-2025). Approximately 4.2 million adults aged 20-79 years were estimated to die as a result of diabetes and its complications in 2019. This is equivalent to one death every eight seconds. Diabetes is estimated to be associated with 11.3% of global deaths from all causes among people in this age group. Almost half (46.2%) of the deaths associated with diabetes among the age group of 20-79 years are of people under the age of 60 years, i.e., the working-age group. Globally, there are more deaths associated with diabetes in women (2.3 million) than in men (1.9 million).

Key Players In Diabetes Care Devices Market-

Abbott, F. Hoffmann-La Roche AG, Johnson & Johnson, Dexcom, Medtronic, Novo Nordisk, Ascensia Diabetes Care, AgaMatrix, Bionime Corporation, Omnipod, Medisana, Trivida, Rossmax International Ltd,

The study accurately predicts the size and volume of the Diabetes Care Devices market in the present and the future. The report offers a comprehensive study of the Diabetes Care Devices and information about the expected future trends that will have a significant impact on the growth of the market.

Competitive Analysis On Diabetes Care Devices Market-

In March 2018, Medtronic PLC received the US Food and Drug Administration (FDA) approval for its Guardian (TM) Connect Continuous Glucose Monitoring (CGM) system, for people with diabetes aged between 14 and 75 years.

- In October 2019, the US Food and Drug Administration (FDA) cleared the Dexcom G6 Pro Continuous Glucose Monitoring (CGM) System for healthcare professionals to use on patients aged between two years and above.

Region wise Analysis On Diabetes Care Devices Market-

North America to Dominate the Monitoring Devices Segment

The factors attributing to the North American market growth is the rising prevalence of diabetes, caused mainly due to urbanization and sedentary lifestyles. Asia-Pacific is anticipated to grow tremendously during the forecast period, owing to factors, such as a high prevalence of diabetes, a growing obese population, and government initiatives of raising awareness regarding diabetic care. According to IDF, in 2019, USD 324.5 billion was spent on diabetes in the region, which is 42.7% of the total global health expenditure on diabetes. In North America, USD 294.6 billion was spent in the United States alone. The mean annual expenditure per person with diabetes was highest in the United States (USD 9,506), followed by Canada (USD 4,397).

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Our Diabetes Care Devices market analysis also concludes a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with the SWOT analysis.

-Reasons to Purchase this Report-

Includes an in-depth analysis of the Diabetes Care Devices market of various perspectives through Porter’s five forces analysis.
Provides insight into the Diabetes Care Devices market through Value Chain Analysis.
Diabetes Care Devices Market dynamics scenario, along with growth opportunities of the market in the years to come.
6-month post-sales analyst support.

Here’s how Market Insights Reports helps the stakeholders and CXOs through the reports:

-Inculcation and Evaluation of Strategic Collaborations: The researchers analyse recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures.

-Perfect Market Size Estimations: The report analyses the demographics, growth potential, and capability of the Diabetes Care Devices market through the forecast period.

-This factor leads to the estimation of the Diabetes Care Devices market size and also provides an outline about how the market will retrieve growth during the assessment period.

-Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular Diabetes Care Devices market that will help the stakeholders to be aware of the current investment scenario across the market.

Customization of the Report-

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