Press release
Diabetes Care Devices Market Report 2023: Industry Overview, Size, Share & Growth till 2028
Diabetes Care Devices Market
Medical devices for diabetes care are specifically created to effectively handle diabetes in individuals. These devices include glucose meters, continuous glucose monitoring (CGM) systems, insulin pens, lancets, and insulin inhalers. They are user-friendly, convenient, and provide immediate information on a patient's diabetic condition, aiding in accurate diagnosis. With their ability to monitor blood glucose levels, administer insulin, and facilitate overall diabetes management, the global demand for diabetes care devices is on the rise.
How big is the Global Diabetes Care Devices Market?
The global diabetes care devices market size reached US$ 29.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 47.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7.9% during 2023-2028.
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Global Diabetes Care Devices Market Trends and Drivers:
The global market for diabetes treatment and management is experiencing growth due to several factors. Firstly, there is a growing awareness among the general population about available options for diabetes treatment and management, which is contributing to market expansion. Secondly, the prevalence of diabetes is increasing worldwide, primarily driven by rising stress levels among individuals. This factor is creating a positive market outlook. Additionally, there is a rising demand for remote monitoring devices in home care settings, further fueling market growth. Furthermore, government agencies in many countries are actively organizing campaigns to raise awareness about diabetes and its treatment options, thereby supporting market expansion. Lastly, key players in the industry are introducing innovative bio wearables that enable continuous monitoring of blood glucose levels using a single sensor.
Global Diabetes Care Devices Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Abbott Laboratories, ACON Laboratories Inc., Ascensia Diabetes Care Holdings AG (PHC Holdings Corporation), Becton Dickinson and Company, Bionime Corporation, Dexcom Inc., F. Hoffmann-La Roche AG, Johnson & Johnson, Medtronic plc, Novo Nordisk A/S, Sinocare Inc. and Terumo Corporation.
Browse Complete Report:- https://www.imarcgroup.com/diabetes-care-devices-market
The report has segmented the market on the basis of region, type, distribution channel and end user.
Breakup by Type:
Blood Glucose Monitoring (BGM) Devices
Self-Monitoring Devices
Continuous Glucose Monitoring Devices
Insulin Delivery Devices
Pumps
Pens
Syringes
Jet Injectors
Breakup by Distribution Channel:
Hospital Pharmacies
Retail Pharmacies
Diabetes Clinics/Centers
Online Pharmacies
Others
Breakup by End User:
Hospitals
Homecare
Diagnostic Centers
Ambulatory Surgery Centers
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
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If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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Contact Us:
IMARC Services Private Limited.
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Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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