Diabetes Devices Industry is Expected to Reach $55.9 Billion by 2031 - Medtronic plc, Abbott Laboratories, F.Hoffmann-La-Ltd., Bayer AG

The Global Diabetes Devices Market reached USD 28.6 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 55.9 billion by 2031. The Global Diabetes Devices Market is expected to exhibit a CAGR of 8.9% during the forecast period 2024-2031.

A Continuous Glucose Monitoring (CGM) system provides real-time glucose readings through a tiny sensor placed under the skin, which tracks glucose levels in interstitial fluid and sends alerts to a receiver or smartphone app. Advances in diabetes devices, such as wearable sensors and alternative continuous monitoring methods, have fueled market growth, moving beyond traditional disposable biosensors.

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Market Trends:

The global diabetes prevalence is rapidly rising, with 537 million adults affected in 2021, expected to reach 643 million by 2030 and 783 million by 2045. Nearly 75% of adults with diabetes live in low- and middle-income countries, and diabetes accounted for 9% of global healthcare costs, totaling USD 966 billion. Additionally, over 1.2 million children and teens have Type 1 diabetes.

Segment Covered in the Microplate Systems Market:

By Product Type: Glucose Monitoring Devices, Insulin Delivery Devices, Others

By Distribution Network: Clinic centers, Pharmacies

Regional Analysis:

The global Diabetes Devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

The global Diabetes Devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Microplate Systems Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Major Key Players:

• Medtronic plc
• Abbott Laboratories
• F.Hoffmann-La-Ltd.
• Bayer AG
• Lifescan, Inc.
• B Braun Melsungen AG
• Novo Nordisk
• Dexcom Inc.
• Insulet Corporation
• Ypsomed Holdings

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Related Reports

Insulin Pen Market: https://www.datamintelligence.com/research-report/insulin-pen-market

Insulin Delivery Devices Market: https://www.datamintelligence.com/research-report/insulin-delivery-devices-market

Continuous Glucose Monitoring Market: https://www.datamintelligence.com/research-report/continuous-glucose-monitoring-market

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