Press release
Europe Diabetes Care Devices Market Future Scope and Potential of Industry by 2028
Diabetes is a chronic and potentially fatal disease with no definitive cure. It arises from the body's inability to produce or effectively utilize insulin, a hormone essential for regulating blood glucose levels. The condition is categorized into two main types: Type 1 diabetes (previously known as diabetes insipidus) and Type 2 diabetes (diabetes mellitus). Across Europe, diabetes cases have been steadily rising, with Type 2 diabetes being the most prevalent. This increase is largely driven by cultural and societal shifts. In high-income countries, approximately 91% of adults diagnosed with diabetes have Type 2.
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According to the International Diabetes Federation (IDF), millions of individuals aged 20-79 were affected by diabetes in 2021. The disease can lead to severe complications, including heart attacks, strokes, kidney failure, limb amputations, vision loss, and nerve damage, significantly increasing the risk of premature death. Due to these risks, diabetes patients require regular monitoring and, in many cases, external insulin administration. The growing prevalence of diabetes is driving the expansion of the diabetes care devices market across the region.
Europe Diabetes Care Devices Market Overview and Growth Outlook
The introduction of advanced features and technologies is enabling vendors to attract new customers and expand their presence in emerging markets. This trend is expected to drive the growth of the Europe diabetes care devices market. The market is projected to experience a strong compound annual growth rate (CAGR) throughout the forecast period.
Market Revenue and Forecast (2022-2028) (US$ Million)
Europe Diabetes Care Devices Market Segmentation
The Europe diabetes care devices market is segmented based on type, end user, and country.
By Type:
Glucose Monitoring Devices (Dominant segment in 2022)
Testing Strips
Glucometers
Lancets
Others
Insulin Delivery Devices
Insulin Pens
Insulin Syringes
Insulin Pumps
Others
By End User:
Homecare (Dominant segment in 2022)
Hospitals & Clinics
By Country:
United Kingdom
Germany
France
Italy
Spain
Rest of Europe (Dominant region in 2022)
Key Players in the Europe Diabetes Care Devices Market
Leading companies operating in the Europe diabetes care devices market include:
B. Braun Melsungen AG
BD
Dexcom, Inc.
Eli Lilly and Company
F. Hoffmann-La Roche Ltd.
Insulet Corporation
Medtronic
Novo Nordisk A/S
Tandem Diabetes Care Inc.
Terumo Corporation
Strategic Insights for the Europe Diabetes Care Devices Market
Strategic insights provide a data-driven analysis of the industry landscape, highlighting key trends, major players, and regional market dynamics. These insights help stakeholders, including investors and manufacturers, identify growth opportunities by targeting underserved segments or developing unique value propositions. By leveraging data analytics, businesses can anticipate market shifts and position themselves for long-term success in this evolving industry. Well-informed strategic decisions drive profitability and enhance competitive advantage in the European diabetes care devices market.
Europe Diabetes Care Devices Market Regional Insights
Understanding the geographic scope of the Europe diabetes care devices market is essential for businesses to compete effectively. Local distinctions, such as consumer preferences (e.g., demand for specific device features), economic conditions, and regulatory environments, play a crucial role in shaping market strategies. Companies can expand their market reach by identifying underserved areas and tailoring their offerings to meet local demands. A focused market approach enhances resource allocation, marketing effectiveness, and competitive positioning, ultimately driving growth in targeted regions.
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Phone: +16467917070
Email: sales@businessmarketinsights.com
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
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