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Diabetes Care Devices Market: Exploring Hidden Prospects for Unprecedented Growth #186
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A Global Diabetes Care Devices Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Diabetes Care Devices industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Diabetes Care Devices market, this study covers qualitative and quantitative aspects of the Diabetes Care Devices market. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.
The diabetes care devices market is a rapidly growing segment of the healthcare industry. Diabetes is a chronic disease that affects millions of people worldwide, and diabetes care devices are medical devices used to manage and monitor blood glucose levels in diabetic patients. The global diabetes care devices market size reached USD 22.85 Billion in 2022 and is expected to register a steady revenue CAGR of 6.50% during the forecast period, according to latest analysis by Emergen Research.
One of the major drivers of the diabetes care devices market is the increasing prevalence of diabetes. According to the International Diabetes Federation, approximately 463 million adults were living with diabetes worldwide in 2019, and this number is expected to rise to 700 million by 2045. This has led to a growing demand for diabetes care devices, particularly blood glucose monitoring devices, insulin delivery devices, and other diabetes care accessories.
Another driver of the diabetes care devices market is the increasing adoption of digital diabetes care devices. Manufacturers are developing more advanced diabetes care devices that use digital technology to improve the accuracy and convenience of blood glucose monitoring and insulin delivery. For example, continuous glucose monitoring (CGM) devices can provide real-time glucose readings and alerts to help diabetic patients manage their blood glucose levels more effectively.
According to the World Health Organization, diabetes is a major cause of blindness, kidney failure, heart attacks, stroke, and lower limb amputation worldwide. In 2019, diabetes was the seventh leading cause of death worldwide.
In the United States, the Centers for Disease Control and Prevention estimates that approximately 34.2 million people, or 10.5% of the population, have diabetes. Approximately 88 million adults, or one in three adults, have prediabetes.
In Europe, the International Diabetes Federation estimates that approximately 59 million adults have diabetes, and this number is expected to rise to 68 million by 2045.
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Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Diabetes Care Devices industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Diabetes Care Devices industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Diabetes Care Devices industry.
Radical Highlights of the Diabetes Care Devices Market Report:
Comprehensive overview of the Diabetes Care Devices market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Diabetes Care Devices market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Diabetes Care Devices market expected to boost the growth of the industry in the coming years.
Diabetes Care Devices Market Segmentation:
Type Outlook (Revenue, USD Billion; 2019-2032)
Blood Glucose Monitoring Systems
Lancets
Test Strips/Test Papers
Insulin Delivery Devices
Diabetes Management Mobile Applications
Patient Care Settings Outlook (Revenue, USD Billion; 2019-2032)
Hospitals & Clinics
Self/Home Healthcare
Diabetes Specialty Clinics
Other End-use
Regional Outlook (Revenue, USD Billion; 2019–2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Diabetes Care Devices market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Sanofi, Lilly, Medtronic, Ypsomed AG, Procter & Gamble, F. Hoffmann-La Roche Ltd, Novo Nordisk A/S, Insulet Corporation, Abbott, BD
Regional Landscape section of the Diabetes Care Devices report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Additional information offered by the report:
Along with a complete overview of the global Diabetes Care Devices market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Diabetes Care Devices market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/diabetes-care-devices-market
Highlights of Table of Contents (TOC):
Overview of Global Diabetes Care Devices Market
Competitive analysis of the Diabetes Care Devices market
Regional analysis of Global Diabetes Care Devices market production and revenue
Regional analysis of Global Diabetes Care Devices market supply, consumption, and export & import
Type-based market analysis of global Diabetes Care Devices production, revenue, and price trends
Application-based analysis of the global Diabetes Care Devices market
Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Diabetes Care Devices market
Conclusion of the research report
Appendix
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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