Press release
Rapid Growth in Diabetes Care Devices Market: Insights into Market Size, Growth Rate, Driving Factors, and Emerging Trends
Diabetes Care Devices Market Size
What Is The Projected Market Size Of The Global Diabetes Care Devices Market And Its Growth Rate?
The Diabetes Care Devices Market has witnessed substantial growth in recent years and is poised for more growth in the future.
• Market size in 2024: $67.88 billion
• Market size in 2025: $76.22 billion (12.3% CAGR)
• Projected market size in 2029: $121.11 billion (12.3% CAGR)
The market growth could be linked to increasing diabetes prevalence, public health insurance reforms, and increased healthcare expenditure. Future growth will be driven by increased R&D investments, research collaborations, and technological advances.
What Is Driving The Growth In The Diabetes Care Devices Market?
The Diabetes Care Devices Market is being propelled forward by increasing healthcare expenditures. Healthcare expenditures refer to the total amount spent on healthcare-related services, products, and activities within a specified period, often at the individual, community, national, or global level. As healthcare expenditures rise with greater access to healthcare services and an increase in diabetes diagnoses, investments in research and development increase, leading to the advancement of diabetes care devices such as better glucose monitoring systems, insulin delivery devices, and digital health solutions. For instance, In November 2023, Eurostat reported that social protection spending on sickness and healthcare in the EU reached 8.1% of GDP in 2022. Hence, increasing healthcare expenditure will continue to drive the growth of the diabetes care devices market.
https://www.thebusinessresearchcompany.com/sample.aspx?id=3609&type=smp
Who Are the Key Players Driving Diabetes Care Devices Market Growth?
The main players contributing to the growth of the Diabetes Care Devices Market are:
• Becton Dickinson and Company
• Roche Holding AG
• Nipro Corporation
• HTL-STREFA Inc.
• ARKRAY
• Terumo Corporation
• Owen Mumford
• Ypsomed AG
• Vogt Medical
• Sanofi India
• Biocon Ltd
• Mehar healthcare
• Johnson & Johnson
• Shandong WeiGao Group Medical Polymer Company Limited
• Yuwell medical equipment & supply Co, among others
What Are The Key Trends In The Diabetes Care Devices Market?
The leading trends in the market include:
• Stick free glucose testing
• Glucose responsive insulins (GRIS)
• Artificial pancreas
• Shift in traditional insulin syringes
• Wearable and mobile glucose monitoring systems
• Intelligent glucose meters
What Are The Segments Of The Global Diabetes Care Devices Market?
The market is divided into the following segments:
1) By Type: Blood Glucose Test Strips, Insulin Pens, Syringes, Pumps And Injectors, Lancing Devices And Equipment, Continuous Glucose Monitoring Devices And Equipment, Blood Glucose Meters
2) By Type of Expenditure: Public, Private
3) By Product: Instruments Or Equipment, Disposables
4) By Type Of Testing: Point Of Care (POC) Testing, Non-Point Of Care (POC) Testing
5) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
Which Region Leads The Diabetes Care Devices Market?
North America led the global market for Diabetes Care Devices in 2024, followed by Western Europe. Future growth will be seen across all regions, including Asia-Pacific, Eastern Europe, South America, Middle East, and Africa.
https://www.thebusinessresearchcompany.com/report/diabetes-care-devices-global-market-report
What Is Covered In The Diabetes Care Devices Market Global Market Report?
- Market Size Analysis: Analyze the Diabetes Care Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Diabetes Care Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Diabetes Care Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Diabetes Care Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
https://www.thebusinessresearchcompany.com/customise?id=3609&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Rapid Growth in Diabetes Care Devices Market: Insights into Market Size, Growth Rate, Driving Factors, and Emerging Trends here
News-ID: 3836736 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Care
Scalable Care Senior Care Marketing Experts
Quality marketing is crucial in the world of senior care, and that's where Scalable Care comes in. As an agency who have team members from within longterm care and assisted living marketing departments, they've been able to standout as an agency with experience and credible backgrounds. How? Using data-led tactics, they have boosted their clients' online visibility and grown engagement with their target audience.
They proudly say their style of marketing…
Care Right There Home Care Continues Prioritizing New Jersey Elderly Care
Care Right There Home Care, a top NJ senior care provider, offers personalized, compassionate care to enrich the lives of the elderly. With a focus on individual needs and meaningful relationships, they provide daily assistance and complex healthcare services to improve seniors' quality of life across New Jersey. Google it at https://carerightthere.com for more information.
New Jersey - Care Right There Home Care, a distinguished provider of senior care services, is…
Transforming Home Care with Care and Beyond Home Care
Montgomery Village, MD - Care and Beyond Home Care is revolutionizing the landscape of home healthcare services, setting a new standard of excellence that goes above and beyond the ordinary. With a steadfast commitment to providing professional and compassionate care, Care and Beyond Home Care has emerged as a beacon of support for families across Montgomery County, Prince Georges County, Howard County, and Frederick County.
In an era where personalized attention…
Ayurvedic Market by Product (Healthcare, Personal Care, Skin Care, Hair Care, Or …
According to a new report published by Allied Market Research, titled, "Ayurvedic Market: Global Opportunity Analysis and Industry Forecast, 2022-2029" Ayurveda is a system of medicine that has its origination roots in the Indian subcontinent. It uses natural healing practices to cure clinical conditions such as sinusitis, cough, depression, and insomnia. Ayurveda therapies have been integrated in general wellness and in some cases in medical use worldwide. In addition, ayurvedic…
Home Care Market Exceptional Business Performance | Polishes, Surface Care, Toil …
Report Ocean released a report that presents a detailed analysis of the Global Home Care Market, along with insights into key factors which drive the market.
The report is a comprehensive and systematic analysis of the market, providing key statistics on market developments, analyst opinions, competitive landscapes, and regional analysis, among other factors. This report presents a comprehensive and expert analysis of key business trends and market forecasts for Global Home…
Baby Care and Mother Care Market - Taking Care of a Newborn
Baby care and mother care products are meant for infants and mostly children under the age of four. These products are specifically formulated to be non-irritating and have mild use ingredients which are selected to make the products organic and natural. A number of key players now manufacture personal care products for mother and child that are designed specifically for use during pregnancy.
Obtain Report Details @ https://www.transparencymarketresearch.com/baby-care-and-mother-care-market.html
The global baby care…
