Europe Diabetes Care Devices Market, By Product Type (Blood Glucose Monitoring Devices, Insulin Delivery Devices), Distribution Channel (Institutional Sales, Retail Sales), Country (Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe) Industry Trends and Forecast to 2028
Europe diabetes care devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account grow at a CAGR of 5.86% in the above mentioned forecast period.
Diabetes is a chronic disease described by the inability of the pancreas to make enough insulin, or when the body cannot efficiently use the insulin it produces. Uncontrolled diabetes results in the high blood in rank with this, diabetes care products have developed for the treatment of both 1 and 2 diabetes type.
The rising diabetes patient pool and rising awareness regarding diabetes management and control are among the factors expected to contribute towards Europe diabetes care devices market growth over the forecast period. On other hand, the rapid growth in the Europe diabetes care devices market over the forecast period will be fueled by the swiftly increasing number of new product launches that will generate significant market revenues. Also the towering development of diabetes technology and growing awareness of diabetes care devices are also fueling the demand of the Europe diabetes care devices market over the forecast period of 2021 to 2028. The rapid technological development is also exceedingly influencing the growth of the Europe diabetes care devices market. Whereas, the several government initiatives and various awareness campaigns are also propelling the Europe diabetes care devices market growth rate.
Moreover, high investment in R&D activities, growing awareness amongst the people and increasing geriatric population are also adding to the market growth. While, the low expenditure per person on diabetes and several consequences coupled to insulin delivery devices are expected to impede the growth of the Europe diabetes care devices market in the above mentioned forecast period. Additionally, the regular entries of new products in the market are also lifting the growth of the Europe diabetes care devices market. Likewise the soaring demand for diabetes devices is on a rise due to the rising incidence of diabetes due to sedentary lifestyle, obesity, and unhealthy eating habits, which is also flourishing the growth of the Europe diabetes care devices market in the above mentioned forecast period.
The rising development of the need for a quicker, healthier and efficient method of diagnosing and treating diabetes will further accelerate the expansion of the Europe diabetes care devices market and are also are offering significant growth opportunities for the market in the forecast period of 2021 to 2028. Furthermore, the lack of compensation or strict rules will challenge the growth of the Europe diabetes care devices market.
This Europe diabetes care devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Europe diabetes care devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Diabetes Care Devices Market Scope and Market Size
Europe diabetes care devices market is segmented on the basis of product type and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the Europe diabetes care devices market is segmented into blood glucose monitoring devices and insulin delivery devices. Glucose monitoring devices have further been segmented into testing strips, blood glucose meters, lancets and others. Blood glucose meters are further sub-segmented into self-monitoring blood glucose meters and continuous blood glucose monitoring devices. Insulin delivery devices have further been segmented into insulin syringes, insulin pens, insulin pumps, insulin jet injectors and others.
- The distribution channel segment of the Europe diabetes care devices market is segmented into institutional sales and retail sales. Institutional sales have further been segmented into hospitals, clinics and others. Retail sales have further been segmented into hospital pharmacies, retail pharmacies and online pharmacies.
Europe Diabetes Care Devices Market Country Level Analysis
Europe diabetes care devices market is analyzed and market size insights and trends are provided by country, product type and distribution channel as referenced above.
The countries covered in the Europe diabetes care devices market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey and Rest of Europe in Europe.
Germany leads the Europe diabetes care devices market followed by Russia and France owing to the rapidly increasing diabetes population in Germany, resulting in the high growth of diabetes care devices market.
The country section of the Europe diabetes care devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Europe diabetes care devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Europe diabetes care devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Europe diabetes care devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Europe Diabetes Care Devices Market Share Analysis
Europe diabetes care devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Europe diabetes care devices market.
The major players covered in the Europe diabetes care devices market report are Ascensia Diabetes Care Holdings AG, Abbott, AgaMatrix, MEDISANA Gmbh, B. Braun Melsungen AG, Novo Nordisk A/S and Sanofi, among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Europe Diabetes Care Devices Market
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