openPR Logo
Press release

Diabetes Care Devices Market 2021-2025 Top Trends, Business Opportunity, and Growth Strategy-Novo Nordisk A/S, Sanofi Aventis, Eli Lilly

09-17-2021 12:59 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Insights Reports

The Diabetes Care Devices market is expected to reach USD 219.0 million by 2025 from USD 159.8 million in 2018, at a CAGR of 6.5%.

MarketInsightsReports published a new research publication on “Diabetes Care Devices” Market Insights, to 2025 and enriched with self-explained data in presentable format. In the Diabetes Care Devices market study you will find new evolving Trends, Drivers, Restraints, and Opportunities generated by targeting Diabetes Care Devices market associated stakeholders. The growth of the market was mainly driven by the increasing spending across the world.

Some Of The Key Players Profiled In The Study Are-

Novo Nordisk A/S, Sanofi Aventis, Eli Lilly, F. Hoffmann-La Roche Ltd, Abbott Diabetes Care, Johnson and Johnson (Lifescan), Arkray, Ascensia Diabetes Care, AgaMatrix Inc., Dexcom, Medtronic, Ypsomed Holding AG, Terumo, LMC Diabetes and Endocrinology, Bayshore Health Care, Express Scripts, One Drop, TELUS Health, COMPANY SHARE ANALYSIS

 Sample Report + All Related Information-
https://www.marketinsightsreports.com/reports/10192354239/canada-diabetes-care-devices-market-growth-trends-and-forecasts-2020-2025/inquiry?Source=OpenPR&Mode=Allie

Canada diabetes care devices market is expected to register a CAGR greater than 10.02% during the forecast period (2020-2025). Monitoring devices are anticipated to dominate the market during the forecast period, owing to the rising prevalence of diabetes and an increase in the number of device users in the country. There has been a significant rise in insulin delivery systems technology, from insulin injections to insulin pumps. Technological innovations and advances give many conveniences in measuring blood glucose levels. One such advancement in monitoring the blood glucose levels has established with continuous glucose monitoring devices. Therefore, the number of diabetic patients is expected to increase in the future. There is also a concern that diabetes might affect the youth, due to the sedentary lifestyle. This factor is expected to boost the adoption of continuous glucose monitoring devices. This factor, in turn, is expected to drive the growth of the market.

Industry News And Updates on Diabetes Care Devices Market-

Insulin Pumps Occupy the Highest Share in the Management Devices Segment

The use of Insulin pumps is rising among developed countries. These are the devices that mimic the human pancreas, i.e., there would be continuous subcutaneous insulin administration in small amounts. Insulin pumps deliver rapid- or short-acting insulin 24 hours a day through a catheter placed under the skin. The insulin pump usage among Canadian patients increased due to the accurate dosage of administration and patients who are not able to meet the insulin requirements accurately. Thus, the CAGR growth is expected to be more than 4.83% during the forecast period for insulin pumps in the Canada diabetes care devices market. The technological advancements in the infusion set of the insulin pump, like concealing the needle of the infusion set and the pre-loaded, disposable, and single-use inserter that enables the patients to change infusion sets without carrying a separate inserter, are likely to drive the market.

Key Market Trends Diabetes Care Devices Market-

Test strips occupy the highest market share among the Monitoring devices for the year 2019

In Canada, the type-1 diabetes population is expected to witness a CAGR of 2.7%, by 2025. The users of glucometers will increase as type-1 diabetes patients will increase. It is estimated that in 2025 there will be 330 thousand people suffering from type-1 diabetes. Home use of test strip is also increasing because of initiatives of provincial governments across Canada. They have implemented the blood glucose test strip (BGTS) quantity limits to encourage proper testing practices for optimal patient outcomes. In Alberta, insulin-dependent patients are eligible for coverage of a USD 600 in a year, other regions also have reimbursement policies. Therefore, if a patient performs 5-6 tests in a day, the average expenditure on test strips would be more than USD 100/month. These expenses add to the already high diabetes management costs and are impeding the market growth. the growth in market volume and share of strips is expected to be higher than that of glucose meters, because of the difference in use-case frequency. Furthermore, the average life-span of glucose meter ranges between 6 months to 3 years.

Market Segmentation On Diabetes Care Devices-

Scope of the Report of Diabetes Care DevicesMarket Trend-

Increasing Demand for Diabetes Care Devices as well as new opportunities in Emerging Countries.

Market Drivers-

The Diabetes Care Devices is Considered a source to drive more growth resulting in high demand among consumers. 

Challenges-

Finding that challenges assumptions for the consumers to opt or not for Diabetes Care Devices.

Opportunities-

Increasing Demand in the Industry for Diabetes Care Devices by the Consumers is Providing an Opportunity for this market.

Region Included In Diabetes Care Devices Market are-

North America

Europe

Asia-Pacific

South America

Middle East & Africa

Browse Detailed Research Insights with Table of Content-

https://www.marketinsightsreports.com/reports/10192354239/canada-diabetes-care-devices-market-growth-trends-and-forecasts-2020-2025?Source=OpenPR&Mode=Allie

TOC Continued…!

Competitive Landscape On Diabetes Care Devices Market-

Key Players to Forge Alliances to Create Sustainable Solutions

In a bid to speed up the research & development and production of sustainable Diabetes Care Devices market solutions, major market players are building alliances with other industry leaders to widen the scope of their businesses. The focus of these collaborations is to formulate the growth that will make the Diabetes Care Devices industry more profound, which in turn will future-proof these companies’ offerings.

Qualitative Insights on Impact of COVID-19 on Global Diabetes Care Devices Market
Supply Chain Analysis & Challenges due to Covid-19
Steps taken by Government / Companies to Overcome this Impact
Potential Challenges and Opportunities due to COVID-19 Outbreak

Address:
Market Insights Reports
4893, Pepper drive, Harrisburg ,NC 28075,United States
Irfan Tamboli (Head of Sales)
Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Diabetes Care Devices Market 2021-2025 Top Trends, Business Opportunity, and Growth Strategy-Novo Nordisk A/S, Sanofi Aventis, Eli Lilly here

News-ID: 2397212 • Views: 479

More Releases from Market Insights Reports

New Generation Implants Market 2021 Size, Status and Global Outlook – Abbott L …
MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on New Generation Implants market, forecast for 2021-2027, covering all aspects of the market and providing up-to-date data on current trends. The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the New Generation Implants market segments which
Drugs Based on Gene Therapy Market 2021 Growing Demand, Size and Business Outloo …
MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on Drugs Based on Gene Therapy market, forecast for 2021-2027, covering all aspects of the market and providing up-to-date data on current trends. The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the Drugs Based on Gene
Small Cells and Femtocells Market 2021 Advancement Outlook –icrosoft/Nokia, Sa …
MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on Small Cells and Femtocells market, forecast for 2021-2027, covering all aspects of the market and providing up-to-date data on current trends. The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the Small Cells and Femtocells market
5G Semiconductor Solutions Market 2021 Analysis by Leading Key Players – Qualc …
MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on 5G Semiconductor Solutions market, forecast for 2021-2027, covering all aspects of the market and providing up-to-date data on current trends. The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the 5G Semiconductor Solutions market segments which

All 5 Releases


More Releases for Diabetes

Global Diabetes Industry
Global Diabetes Industry Market Insight Global diabetes market is expected to grow at a CAGR of 7.9% percent for the forecasted period of 2016-2021. The market is segmented on the basis of type of diabetes, drugs class and diabetic devices. Diabetic drugs have the highest market share amongst drugs and devices and are also expected to have the highest growth rate with a CAGR of 9%. Some of the top selling
27th European Diabetes Congress
Rising awareness, new technologies and practical approaches within the field of diabetes and endocrine disorders in world’s leading diabetes Conferences One in eight ladies can develop a diabetes disorder throughout her lifespan. And, the amount of individuals affected by diabetes disorders continues to rise every year. However the larger drawback is that almost 60 minutes of those individuals are fully unaware of their condition as well as a way to heal
27th European Diabetes Congress
We would like to invite your team as a Speakers/Delegates. On behalf of Organizing Committee, we take this opportunity in extending a warm and cordial welcome to you to be part of “27th European Diabetes Congress”, held conjointly with multifarious scientific associations, eminent researchers and scholars from all around the globe during June 20-21, 2018 at Rome, Italy. It is an immense pleasure and privilege having you here with us
Global Diabetes Management Devices Market
ReportsWorldwide has announced the addition of a new report title Global Diabetes Management Devices Market to its growing collection of premium market research reports. The global market for diabetes management devices is a substantial, highly competitive market driven by highly sophisticated, evolving technology, particularly in the insulin pump/artificial pancreas and CGM area. The report provides the following useful information: • diabetes overview • key statistics on diabetes prevalence in major regions in the world • medical device product
Non Invasive Diabetes Therapy Market
The role of non-invasive therapy for diabetes market has been on a positive growth path in healthcare industry since 2014. Though the non-invasive therapy concept was brought way back in 1980, the market has not gained much attention leading to development of fewer such devices. DexCom's seven system and Medtronic's Guardian real-time glucose monitoring system are two such products developed and marketed worldwide. The influx of non-invasive therapy has reinforced
Diabetes Gastroparesis Market grows with rising prevalence of diabetes
Diabetes type 1 and type 2 are one of the most common chronic diseases prevalent in the world, affecting millions of people. One of the disorders associated with diabetes type 1 and type 2 is gastroparesis, which is characterized by the delayed emptying of the stomach. One of the major causes of gastroparesis is damage to the vagus nerve, reducing the mobility of the stomach contents. Diabetic neuropathy affects the