Diabetes Care Devices Market

Diabetes Care Devices Market by Monitoring Devices (Self-monitoring Blood Glucose [Test Strips, Glucometer Devices, and Lancets] and Continuous Glucose Monitoring [Durables and Sensors]), Management Devices (Insulin Pumps [Insulin Pump Reservoir, Insulin Pump Device, and Infusion Set], Insulin Cartridges, Jet Injectors, Insulin Syringes, and Disposable Pens), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-2850
  • Author: Growth Market Reports
  • Rating: 4.8
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  • No. Of Pages: 170
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The global diabetes care devices market size was valued USD 49, 000 million in 2020 and is expected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing incidence of diabetes and the increasing amount of programs began by various health organizations associated to health alertness.


Diabetes Care Devices Market Key Takeaways

Diabetes care devices are defined as hardware & software used by diabetes prone patients to manage blood glucose levels, decrease the problem of living with diabetes, strip off issued related to diabetes problems, and develop quality of life. Generally, diabetes technology is separated into two core groups, namely insulin directed by pump, pen, or syringe and blood glucose monitoring or continuous glucose monitor. In recent times, diabetes technology has extended to contain fusion devices that both monitor glucose and provide insulin, almost spontaneously, as well as software that helps in self-management maintenance. Diabetes care devices, when used correctly, can progress the lives and fitness of people with diabetes.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing incidence rate of diabetes caused by rapid urbanization and sedentary lifestyle is anticipated to spur the growth of the market.
  • Technological advancements, increasing obese population, and consumption of junk food contributes to the market growth.
  • Surge in requirement for faster and safer diagnosis and treatment of diabetes are estimated to propel the market growth.
  • Adverse effects associated with some of the diabetes care devices can hamper the market's growth.
  • High cost of diabetes care, unregulated reimbursement, and effective alternative therapies are major factors that can hinder the growth of market.
  • Growing requirements for fast, safe, and effective methods of diagnosis and treatment of diabetes can create challenges for the market growth.
  • Rising awareness about diabetes monitoring devices and untapped market opportunities in the developing regions can create lucrative opportunities during the forecast period.

Scope of the Report

The report on the global diabetes care devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Diabetes Care Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Monitoring Devices (Self-monitoring Blood Glucose [Test Strips, Glucometer Devices, and Lancets] and Continuous Glucose Monitoring [Durables and Sensors]), Management Devices (Insulin Pumps [Insulin Pump Reservoir, Insulin Pump Device, and Infusion Set], Insulin Cartridges, Jet Injectors, Insulin Syringes, and Disposable Pens)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

DexCom, Inc.; Novo Nordisk A/S; Medtronic plc; Abbott Laboratories; and F. Hoffmann-La Roche Ltd

Diabetes Care Devices Market Segment Insights

Self-monitoring blood glucose segment to hold a significant market share

On the basis of monitoring devices, the market is bifurcated into self-monitoring blood glucose and continuous glucose monitoring. The self-monitoring blood glucose segment is further classified as test strips, glucometer devices, and lancets. The continuous glucose monitoring segment is bifurcated into durables and sensors. The self-monitoring blood glucose segment is anticipated to expand at a robust CAGR during the forecast period due to increased acceptance of test strips and self-monitoring blood glucose devices across the world. With the growing inclination of self-management and the growing awareness toward the disease in the emerging economies, this segment is expected to account a major market share in the coming years.

Insulin pumps segment to expand at a robust CAGR

In terms of management devices, the market is segregated into insulin pumps, insulin cartridges, jet injectors, insulin syringes, and disposable pens. The insulin pumps segment is further divided into insulin pump reservoir, insulin pump device, and infusion set. The insulin pumps segment is estimated to grow at a rapid pace in the projected timeline due to rising use of insulin pumps to improve manage blood sugar levels.


Diabetes Care Devices Market By Management Devices

North America is anticipated to constitute a key market share

Based on regions, the market is segregated into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a vital share of the market during the forecast period due to the growing diabetic population, unhealthy diets, stress, and obesity. Diabetes care devices market growth in this region is also supported by advantageous government reimbursement rules and progressive healthcare infrastructure.

Segments

Segments Covered in the Report
The global diabetes care devices market is segmented on the basis of:

Monitoring Devices
  • Self-monitoring Blood Glucose
    • Test Strips
    • Glucometer Devices
    • Lancets
  • Continuous Glucose Monitoring
    • Durables
    • Sensors
Management Devices
  • Insulin Pumps
    • Insulin Pump Reservoir
    • Insulin Pump Device
    • Infusion Set
  • Insulin Cartridges
  • Jet Injectors
  • Insulin Syringes
  • Disposable Pens
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • DexCom, Inc.
  • Novo Nordisk A/S
  • Medtronic plc
  • Abbott Laboratories
  • F. Hoffmann-La Roche Ltd

Competitive Landscape

The key players competing in the diabetes care devices market are DexCom, Inc.; Novo Nordisk A/S; Medtronic plc; Abbott Laboratories; and F. Hoffmann-La Roche Ltd

Diabetes Care Devices Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Diabetes Care Devices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Diabetes Care Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Diabetes Care Devices Market - Supply Chain
  4.5. Global Diabetes Care Devices Market Forecast
     4.5.1. Diabetes Care Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Diabetes Care Devices Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Diabetes Care Devices Market Absolute $ Opportunity
5. Global Diabetes Care Devices Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Diabetes Care Devices Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Diabetes Care Devices Demand Share Forecast, 2019-2026
6. North America Diabetes Care Devices Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Diabetes Care Devices Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Diabetes Care Devices Demand Share Forecast, 2019-2026
7. Latin America Diabetes Care Devices Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Diabetes Care Devices Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Diabetes Care Devices Demand Share Forecast, 2019-2026
8. Europe Diabetes Care Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Diabetes Care Devices Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Diabetes Care Devices Demand Share Forecast, 2019-2026
9. Asia Pacific Diabetes Care Devices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Diabetes Care Devices Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Diabetes Care Devices Demand Share Forecast, 2019-2026
10. Middle East & Africa Diabetes Care Devices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Diabetes Care Devices Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Diabetes Care Devices Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Diabetes Care Devices Market: Market Share Analysis
  11.2. Diabetes Care Devices Distributors and Customers
  11.3. Diabetes Care Devices Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. DexCom, Inc. Novo Nordisk A/S Medtronic plc Abbott Laboratories F. Hoffmann-La Roche Ltd
Segments Covered in the Report
The global diabetes care devices market is segmented on the basis of:

Monitoring Devices
  • Self-monitoring Blood Glucose
    • Test Strips
    • Glucometer Devices
    • Lancets
  • Continuous Glucose Monitoring
    • Durables
    • Sensors
Management Devices
  • Insulin Pumps
    • Insulin Pump Reservoir
    • Insulin Pump Device
    • Infusion Set
  • Insulin Cartridges
  • Jet Injectors
  • Insulin Syringes
  • Disposable Pens
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • DexCom, Inc.
  • Novo Nordisk A/S
  • Medtronic plc
  • Abbott Laboratories
  • F. Hoffmann-La Roche Ltd

The key players competing in the diabetes care devices market are DexCom, Inc.; Novo Nordisk A/S; Medtronic plc; Abbott Laboratories; and F. Hoffmann-La Roche Ltd

Diabetes Care Devices Market By Key Players

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