Press release
Diabetes Care Devices Market Size to Reach USD 56.57 Billion by Forecast 2030
Diabetes Care Devices Market
Several top manufacturers are focusing on many technological innovations and developing advanced products to gain extensive market share. As per the records of IDF, around 21,600 children are added to the type 1 diabetic population every year. As per these figures, diabetes accounts for around 9% of total healthcare expenditure globally. Numerous government initiatives, such as the National Service Framework (NSF) programme in the U.K., are improving services by setting national standards to increase the service quality and address variations in care. The various risk factors such as overweight, smoking, obesity, and high cholesterol levels are anticipated to boost the incidence of diabetes, thus fuelling the utmost need for diabetes devices.
Data Bridge Market Research analyses that the diabetes care devices market which is USD 29.02 billion in 2022, is expected to reach USD 56.57 billion by 2030, at a CAGR of 8.7% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Opportunities
Government initiatives and Increased awareness campaigns
Numerous government initiatives and awareness campaigns are also pushing the market growth. For instance, the UK DESMOND education programme is a structured patient education and management programme for patients suffering from newly diagnosed type 2 diabetes. Its aim is to help people identify early health risks. There has also been a rise in government funding for healthcare. As per the International Diabetes Federation Diabetes-related healthcare spending is rapidly growing. Furthermore, Bigfoot collaborated with Abbott and received clearance from the U.S. FDA in 2021 for the Bigfoot Unity Diabetes Management system. This first-of-its-kind system2 holds smartpen caps for disposable insulin pens - injection devices that people with diabetes use to inject insulin - that integrate with Abbott's world-leading FreeStyle Libre 2 technology. Diabetes device demand is projected to be boosted by many supportive initiatives and increasing awareness during the forecast period.
Segmentation:
The diabetes care devices market is segmented on the basis of product type, device type, delivery type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
Blood Glucose Monitoring Devices
Testing Strips
Blood Glucose Meters
Self-monitoring Blood Glucose Meters
Continuous Blood Glucose Monitoring Devices
Lancets
Others
Insulin Delivery Devices
Device Type
Self-monitoring
Diagnostic
Delivery Type
Pumps
Pen
Syringes
Injectors
Cartridges in Reusable pens
Disposable Pens
Jet Injectors
Distribution Channel
Institutional Sales
Hospitals
Clinics
Others
Retail Sales
Hospital pharmacies
Retail pharmacies
Online pharmacies
Key Market Players:
Abbott (U.S.)
PHC Holdings Corporation (Japan)
WellDoc, Inc (India)
Sanofi (France)
Dexcom, Inc (U.S.)
DarioHealth Corp. (U.S.)
Medtronic (Ireland)
Braun SE (Germany)
Hoffmann-La Roche Ltd (Switzerland)
Insulet Corporation (U.S.)
Ascensia Diabetes Care Holdings AG (Switzerland)
Tidepool (U.S.)
Medtronic (Ireland)
Tandem Diabetes Care (U.S.)
Browse More Info @ https://www.databridgemarketresearch.com/reports/global-diabetes-care-devices-market
more reports:
https://sagark18dbmr.blogspot.com/2023/06/europe-kirsten-rat-sarcoma-kras-market.html
https://sagark18dbmr.blogspot.com/2023/06/asia-pacific-kirsten-rat-sarcoma-kras.html
https://sagark18dbmr.blogspot.com/2023/06/dermatology-drugs-market-demands.html
https://sagark18dbmr.blogspot.com/2023/06/kirsten-rat-sarcoma-kras-market.html
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email - corporatesales@databridgemarketresearch.com
About Us:
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.
Data Bridge Market Research provides appropriate solutions to complex business challenges and initiates an effortless decision-making process.
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 Size to Reach USD 56.57 Billion by Forecast 2030 here
News-ID: 3087180 • Views: …
More Releases from DBMR
Feed Pigments Market - Industry Trends and Forecast
Global Feed Pigments Market, By Type (Carotenoids, Curcumin, Caramel, Spirulina and Others), Carotenoids Source (Natural and Synthetic), Livestock (Swine, Poultry, Ruminants, Aquatic Animals and Others) - Industry Trends and Forecast to 2029.
Feed Pigments Market Analysis and Size
Feed pigments are used to enhance the colour of products such as eggs, meat, and milk. The key drivers for this market are rising meat production demand, rising disposable incomes, a shift toward pellet…
Automatic Brewing Equipment Market - Industry Trends and Forecast
Global Automatic Brewing Equipment Market, By Brewery Type (Macrobrewery, Craft Brewery), Equipment Type (Macrobrewery Equipment, Craft Brewery Equipment), Material Type (Brass, CopperAluminumStainless steel, Mild steel) - Industry Trends and Forecast to 2029.
Automatic Brewing Equipment Market Analysis and Size
Beers provide antioxidants and are a low-calorie alternative to other drinks. Along with being appropriately rich in vitamin B, vitamin B3, and vitamin B6, it also gives our bodies with vital fibre content.…
Digestive Health Food and Drinks Market - Industry Trends and Forecast
Data Bridge Market Research analyses that the global digestive health food and drinks market to account USD 63.43 billion by 2029 growing at a CAGR of 7.85% in the forecast period of 2022-2029.
Digestive health drinks are products that help to counteract the effects of an overburdened digestive tract. Drinks, when consumed properly, can aid in the prevention of a variety of small and large intestine health problems. There are…
Activin A Market Size, Share, Growth, Trends and Forecast
Activin A market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to grow at a CAGR of 12.50% in the above mentioned forecast period.
Activin A is a member of the TGF-beta super family and shows structural similarities with TGF-beta 1. Activins are the disulphide linked dimeric proteins that causes stimulation of pituitary follicle stimulating hormone…
More Releases for Diabetes
Major Force in the Diabetes Pen Market 2025: Diabetes Fuels Surge In Demand For …
How Will the Diabetes Pen Market Grow, and What Is the Projected Market Size?
The diabetes pen market is projected to grow from $29.24 billion in 2024 to $31.22 billion in 2025, at a CAGR of 6.8%. Growth is fueled by the rising need for managing diabetes, advancements in diabetes care, and an increasing focus on patient-friendly medication administration tools.
The diabetes pen market is projected to grow strongly, reaching $40.17 billion…
Diabetes Monitoring Devices Market: Regaining Its Glory| Ascensia Diabetes Care, …
The Latest Study Published by HTF MI Research on the "Diabetes Monitoring Devices Market'' evaluates market size, trend and forecast to 2029. The Diabetes Monitoring Devices market study includes significant research data and evidences to be a practical resource document for managers and analysts is, industry experts and other key people to have an easily accessible and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges…
Prevalence of Diabetes Drives Opportunities for Type-2 Diabetes Market
The Type-2 Diabetes Market Analysis, 2023, by MarkNtel Advisors, presents a well-researched, detail-driven, and accurate study for the stakeholders. This analysis entails prominent aspects like trends, & recent developments, drivers, opportunities, challenges, & restraints, among other parameters, influencing the overall industry expansion across different locations. This report comprises data from historic years (2018-21) & the base year (2022) to put together an estimation of the forecast period (2023-28).
According to Type-2 Diabetes Market…
Reverse Diabetes with Dr. Merritt’s Diabetes Reversal Recipe
[November 26, 2020] – People suffering from diabetes always search for ways to lower blood sugar levels in their bodies. Diabetes treatment available costs you hundreds of dollars yearly and also restricts you to a diabetic diet. That hampers your mental health and well-being. Apart from this, eye problems, kidney failure, amputations are some of the physical problems diabetic patients face.
Dr. Marlene Merritt (from the Merritt Wellness Center in…
Diabetes Treatment
Diabetes Treatment is a important way to help manage the healthy ,easy to use and improve the way of the treatment of blood glucose monitoring system.
As living standards improve, an increasing obesity, the Diabetes Treatment has improved peoples living habits, disease control effect, is becoming more and more important.
The global Diabetes Treatment market is valued at 43700 million US$ in 2018 and will reach 58000 million US$ by the end…
Self-Monitoring Blood Glucose Devices Market Study by Advance Application [Type …
The global self-monitoring blood glucose devices market was valued at $7,768 million in 2017 and is projected to reach $10,828 million by 2025 at a CAGR of 4.2% from 2018 to 2025. Monitoring of blood glucose is an essential step in diabetes management. Blood glucose monitoring devices are predominantly used to monitor a patient’s blood glucose level. Self-monitoring blood glucose (SMBG) devices are easy-to-use and enable people to monitor their…
