Diabetes Care Market Anticipated To Witness Robust Growth, Surpassing 41.21 Billion By 2029

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What Is the Current Diabetes Care Market Size and Its Estimated Growth Rate?
The size of the diabetes care market has seen a significant increase in recent years. It is projected to expand from a value of $26.79 billion in 2024 to a value of $29.25 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.2%. The growth during the historical period can be credited to several factors including increasing obesity rates, enhanced demand for continuous monitoring devices, rising investments in diabetes research and development, and a growing demand for customized diabetes care.

Expectations are high for strong expansion in the diabetes care market over the coming years, with a projected growth to $41.21 billion by 2029, boasting a compound annual growth rate (CAGR) of 8.9%. This anticipated growth during the forecast period is linked to the escalating incidence of diabetes, an aging population, enhanced awareness about managing diabetes, and increased access to healare in underdeveloped regions. Key advancements expected during the forecast period include technological progress in diabetes monitoring, the incorporation of artificial intelligence (AI) in diabetes care, improvements in insulin delivery systems, and the emergence of intelligent insulin devices.

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How Are Emerging Segments Shaping the Diabetes Care Market Landscape?
The diabetes care market covered in this report is segmented -

1) By Product Type: Glucose Monitoring Devices, Insulin Pumps, Other Product Types
2) By Diabetes Type: Type 2 Diabetes, Type 1 Diabetes, Other Diabetes Type
3) By End User: Hospitals And Clinics, Homecare Settings, Ambulatory Care Settings, Other End Users

Subsegments
1) By Glucose Monitoring Devices: Blood glucose monitoring (BGM), Continuous glucose monitoring (CGM), Flash glucose monitoring (FGM)
2) By Insulin Pumps: Patch pump, Tethered pump, Implanted insulin pump

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Which Growth Factors Are Influencing Diabetes Care Market Expansion?
The diabetes care market is projected for expansion due to the rising rates of obesity. The term obesity rates denote the proportion of individuals in a population whose body mass index (BMI) surpasses 30, a signal of obesity. Such a rise in obesity rates results from an increasing dependence on inactive lifestyles and the prevalent availability and consumption of highly processed, nutrient-deficient food rich in calories, leading to a disparity between calorie consumption and physical activity. Diabetes care is vital to tackling the issue of growing obesity rates by advocating healthier lifestyle selections, fine-tuning glucose management, and stimulating weight control via progressive treatments like insulin therapy and continual glucose monitoring systems. For instance, the World Health Organization, an intergovernmental organization based in Switzerland, stated in March 2024 that in 2022, while 390 million adults were underweight, a staggering 2.5 billion adults were overweight, of which 890 million individuals were deemed obese. Consequently, the escalating obesity rates are fueling the expansion of the diabetes care market.

Who Are the Dominant Players Across Different Diabetes Care Market Segments?
Major companies operating in the diabetes care market are F. Hoffmann-La Roche Ltd., Sanofi S.A., Abbott Laboratories, Medtronic plc, Eli Lilly and Company, Novo Nordisk A/S, Boehringer Ingelheim Pharmaceuticals Inc., Terumo Corporation, Dexcom Inc., Dr. Reddy's Laboratories Limited, SD Biosensor Inc., Insulet Corporation, Tandem Diabetes Care Inc., LifeScan Inc., Ypsomed AG, Ascensia Diabetes Care Holdings AG, B. Braun Melsungen AG, Bionime Corporation, Arkray Inc., ACON Laboratories Inc., ViCentra B.V., Microtech Medical Ltd., Sinocare Inc., MicroGene Diagnostic Systems Pvt. Ltd.

What Trends Are Expected to Dominate the Diabetes Care Market in the Next 5 Years?
Leading enterprises in the diabetes care industry are aiming their attention towards the innovation of advanced technologies like Automated Insulin Delivery (AID) systems. These are designed to enhance glucose management through the combination of continuous glucose monitoring (CGM) systems and insulin pumps for timely adjustments. Such an AID system pairs the functions of a CGM and an insulin pump to effortlessly adapt insulin delivery depending on real-time glucose measurements, hence enhancing diabetes management. As an example, in February 2024, Tandem Diabetes Care Inc., an enterprise based in the US that manufactures medical equipment for diabetes treatment, launched the Tandem Mobi. It is heralded as the smallest and most sturdy automatic insulin delivery device for diabetics globally. This cutting-edge device provides a discreet, tubed insulin pump controllable entirely through a mobile app, allowing users the flexibility to manage their diabetes without the need for a typical handheld controller. The Tandem Mobi is both water-resistant and rechargeable. Furthermore, it is seamlessly integrated with Dexcom's CGM system to automate insulin delivery by utilizing Tandem's established Control-IQ technology.

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Which Geographic Regions Are Expected to Dominate the Diabetes Care Market in the Coming Years?
North America was the largest region in the diabetes care market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the diabetes care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Diabetes Care Market?
2. What is the CAGR expected in the Diabetes Care Market?
3. What Are the Key Innovations Transforming the Diabetes Care Industry?
4. Which Region Is Leading the Diabetes Care Market?

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