Press release
Diabetes Devices Market is projected to witness lucrative growth by reaching up to USD 55.9 billion by 2031 - Medtronic plc, Abbott Laboratories, F.Hoffmann-La-Ltd.
Diabetes Devices Market
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What is the projected growth rate (CAGR) of the Global Diabetes Devices market from 2024 to 2031, and what is the market value expected to change by 2031?
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.
Diabetes devices include medical tools that help individuals monitor and manage blood sugar levels, like glucose meters, insulin pumps, and continuous glucose monitors (CGMs). These devices are essential in managing diabetes, enabling timely interventions and precise insulin delivery. By tracking blood sugar, diabetes devices assist patients in maintaining glucose control, reducing risks of complications. Technological advances make these devices increasingly accurate and user-friendly.
Key Developments:
❁ In March 2023, Astellas Pharma Inc. entered into a strategic agreement with Roche Diabetes Care Japan Co., Ltd. to collaborate on the development and commercialization of a combined medical product. This product integrates Roche's highly accurate Accu-Chek Guide Me blood glucose monitoring system with BlueStar, a digital therapeutic platform designed for diabetes management. The collaboration aims to enhance diabetes care by providing patients with a more comprehensive solution that combines accurate glucose monitoring with advanced digital health tools, ultimately improving patient outcomes and supporting better management of diabetes.
List of the Key Players in the Diabetes Devices Market:
Medtronic plc, Abbott Laboratories, F.Hoffmann-La-Ltd., Bayer AG, Lifescan, Inc., B Braun Melsungen AG, Novo Nordisk, Dexcom Inc., Insulet Corporation, and Ypsomed Holdings.
Research Process:
Both primary and secondary data sources have been used in the global Diabetes Devices Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Segment Covered in the Diabetes Devices Market:
By Product: Blood Glucose Meter Devices, Insulin Delivery Devices.
By End-user: Hospitals, Homecare, Diagnostic Centers, Others.
Regional Breakout:
The global Diabetes Devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
✫ North America (U.S., Canada, Mexico)
✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
✫ South America (Colombia, Brazil, Argentina, Rest of South America)
✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This Report Unveils:
✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.
✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.
✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.
✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.
✔ Identify high-potential niche segments and regions poised for significant expansion.
✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.
✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Diabetes Devices manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Diabetes Devices in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the Diabetes Devices market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the Diabetes Devices market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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Frequently Asked Questions
☞ What is the expected growth rate of the global Diabetes Devices market for the forecast period?
☞ What are the key driving factors that are responsible to shape the fate of the Diabetes Devices market during the forecast period?
☞ What will be the overall size of the market during the analysis period?
☞ What are the prominent market trends which influence the development of the Diabetes Devices market across various regions?
☞ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?
☞ What are the challenges and threats that are likely to act as a barrier to the growth of the Diabetes Devices market?
☞ What are the major opportunities that the companies can get to attain success in the world?
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