Press release
Global Diabetes Care Devices Market Analysis By Type, By Product By Product Type (Blood Glucose Monitoring Devices) By End Users And Segment Forecasts, 2017 – 2024
The Diabetes Care Devices Market accounted to USD 25billion in 2016 growing at a CAGR of 8.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.Diabetes Care devices are being frequently used for the diagnosis of blood glucose level in the body due to inadequate insulin production. This offers diabetic patients to monitor blood glucose level efficiently and enhance the treatment of this chronic condition.
Global Diabetes Care Devices Market,By Product Type (Blood glucose monitoring devices (testing strips, self-monitoring blood glucose meters, lancets, continuous glucose monitors, and others), Insulin drug delivery devices (insulin syringes, insulin pens, insulin pumps, and insulin jet injectors), By End-Users (Hospitals, Clinics, Home Healthcare, Ambulatory care, Others), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)- Industry Trends and Forecast to 2024
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Major Market Drivers and Restraints:
Increasing international research collaborations
Increasing patient pool suffering from diabetes
Government Initiatives to better healthcare
Technological developments
Growing need for faster, safer and effective method of diagnosis and treatment of diabetes
Reimbursement issues
Market Segmentation:
By product type the diabetes care devices market is segmented into blood glucose monitoring devicesandinsulin drug delivery devices. The blood glucose monitoring devicessegment is further segmented testing strips, self-monitoring blood glucose meters, lancets, continuous glucose monitors, and others.
The Insulin drug delivery devices is further segmented into insulin syringes, insulin pens, insulin pumps, and insulin jet injectors.
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On the basis ofend-users the diabetes care devices market is segmented into hospitals, clinics, home healthcare, ambulatory care, others.
Based on geography, the market is segmented into five geographical regions:
North America
South America
Europe
Asia-Pacific(APAC)
Middle East and Africa(MEA)
The Diabetes Care Devices Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Some of the major players operating in Electrosurgery Devices Market are:
Covidien plc (Medtronic),
Ethicon, Inc.
Johnson & Johnson
Olympus Corporation
CONMED Corporation
ErbeElektromedizin GmbH
Bovie Medical Corporation
Braun Melsungen AG
BOWA-electronic GmbH & Co. KG
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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request anan drop down your enquiry.
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