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
The diabetes care devicesmarket 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.
Global Diabetes Care Devices Market - Market Definition:
Diabetes Care devicesare 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 - 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
Global Diabetes Care Devices Market - 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.
On the basis ofend-users the diabetes care devices market is segmented into hospitals, clinics, home healthcare, ambulatory care, others.
On the basis of geography, diabetes care devicesmarket report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, andBrazil among others. In 2017, North America is expected to dominate the market.
Global Diabetes Care Devices Market - Competitive Analysis:
The diabetes care devicesmarket 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. The report includes market shares of diabetes care devices marketfor global, Europe, North America, Asia Pacific and South America.
Major Market Competitors:
Some of the major players operating in diabetes care devicesmarket areBecton, Dickinson and Company, Roche Diagnostics Ltd, Johnson and Johnson, Bayer AG, Abbott Laboratories, Acon Laboratories, Inc., Ypsomed AG, Novo Nordisk A/S, Medtronic plc, ARKRAY Inc., Terumo Corporation, Dexcom, Inc., among others.
Global Diabetes Care Devices Market - Research Methodology:
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 analyst call or drop down your enquiry.
Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.