Press release
How the Diabetes Care Devices Market Size is Poised to Reach USD 38.3 billion by 2030 and Beyond?
Diabetes care devices
Allied Market Research has published a study report with the title ๐๐ข๐๐๐๐ญ๐๐ฌ ๐๐๐ซ๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ Size was Valued at ๐๐๐ ๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐, and is estimated to surpass around ๐๐๐ ๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐, registering a ๐๐๐๐ ๐จ๐ ๐.๐% from 2021 to 2030.
Covid-19 scenario-
โข Diabetic people call for constant access to insulin along with top-graded care. Therefore, growing adoption of insulin pens and continuous glucose monitoring expedients gave way to increased demand for optimal management of the disease. This factor impacted the growth of the global diabetes care devices market positively.
โข This trend is most likely to persist post pandemic as well.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ซ๐๐ฉ๐ก๐ฌ ๐๐ง๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/request-sample/2842
What are the factors driving the diabetes devices market?
The diabetes devices market is driven by several factors, including:
โข Increasing prevalence of diabetes: The global prevalence of diabetes has been steadily increasing, and this is one of the primary drivers of the diabetes devices market. According to the International Diabetes Federation, the number of people with diabetes is expected to reach 700 million by 2045.
โข Technological advancements: Technological advancements in diabetes care devices, such as continuous glucose monitoring (CGM) systems, insulin pumps, and smart insulin pens, have improved the accuracy and convenience of diabetes management, driving market growth.
โข Growing awareness about diabetes: Growing awareness about diabetes and its associated complications has led to increased demand for diabetes care devices. People with diabetes are increasingly seeking advanced and reliable diabetes care solutions to manage their condition more effectively.
โข Increasing healthcare expenditure: Rising healthcare expenditure in developed and developing countries is driving market growth. Governments and healthcare providers are investing in advanced diabetes care devices and technology to improve diabetes care outcomes and reduce healthcare costs.
โข Favorable reimbursement policies: Favorable reimbursement policies for diabetes care devices, particularly in developed countries, are driving market growth. Reimbursement policies for diabetes care devices make them more accessible and affordable for patients, leading to increased demand.
๐๐จ๐ฉ ๐๐ข๐๐๐๐ญ๐๐ฌ ๐๐๐ซ๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ
โข ACON Laboratories, Inc.
โข Ascension Diabetes Care Holdings AG
โข Becton, Dickinson and Company
โข F. Hoffmann-La Roche Ltd.
โข Abbott Laboratories
โข Medline Industries
โข Novo Nordisk A/S
โข Terumo Corporation
โข Johnson & Johnson
โข Nipro corporation
๐๐ข๐๐๐๐ญ๐๐ฌ ๐๐๐ซ๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐๐ง ๐๐ ๐๐จ๐ง๐ ๐๐๐ฌ๐๐ ๐จ๐ง ๐ฌ๐๐ฏ๐๐ซ๐๐ฅ ๐๐๐๐ญ๐จ๐ซ๐ฌ, ๐ข๐ง๐๐ฅ๐ฎ๐๐ข๐ง๐ :
By product, the insulin delivery devices segment contributed to the lion's share in 2020, holding nearly three-fifths of the global diabetes care devices market. This is attributed to surge in the prevalence of diabetes across the globe. However, the blood glucose monitoring devices segment is projected to manifest the fastest CAGR of 7.2% from 2021 to 2030, owing to increase in adoption of diabetes care devices among the geriatric population.
By region, North America dominated in 2020, garnering around two-fifths of the global diabetes care devices market. Increase in the aging population and upsurge in product launches across North America fuels the market growth. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 7.6% throughout the forecast period, due to rise in healthcare expenditure and increase in adoption of novel diabetes care devices in the province.
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.alliedmarketresearch.com/purchase-enquiry/2842
Our Market Research Solution Provides You Answer to Below Mentioned Question:
โข Which are the driving factors responsible for the growth of market?
โข Which are the roadblock factors of this market?
โข What are the new opportunities, by which market will grow in coming years?
โข What are the trends of this market?
โข Which are main factors responsible for new product launch?
โข How big is the global & regional market in terms of revenue, sales and production?
โข How far will the market grow in forecast period in terms of revenue, sales and production?
โข Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
โข How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
โข Which region has more opportunities?
By Region Outlook
โข North America
(U.S., Canada, Mexico)
โข Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
โข Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
โข LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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David Correa
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR 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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