- Diabetes care devices are essential tools used for monitoring and managing diabetes, providing accurate blood glucose measurements, insulin delivery, and continuous monitoring for better disease management
- The demand for these devices is primarily driven by the increasing prevalence of diabetes, growing health awareness, and advancements in technology for more efficient and convenient diabetes management
- North America is expected to dominate the diabetes care devices market with a market share of 39.1%, due to advanced healthcare infrastructure, high adoption of innovative medical technologies, and the presence of major market players
- Asia-Pacific is expected to be the fastest growing region in the diabetes care devices market with a market share of 21.9%, during the forecast period due to rapid improvements in healthcare infrastructure, rising awareness about diabetes management, and an increase in the number of diabetes cases
- insulin delivery devices segment is expected to dominate the market with a market share of 56.3% due to the increasing prevalence of diabetes, particularly type 1 and type 2. The growing adoption of insulin pumps, pens, and syringes for efficient and precise insulin administration, along with technological advancements in these devices, contributes to their widespread use.
