(PharmaNewsWire.Com, January 10, 2018 ) According to the report Diabetes Care Devices Market, published by Market Data Forecast, the Global market has been estimated at USD 19.29 Billion in 2017 and is projected to reach USD 25.40 Billion by 2022, at a CAGR of 5.73% during the forecast period from 2017 to 2022.
An abnormality in the metabolism of a person often accompanied by a rise in the sugar content of the blood is called as Diabetes. It is a long term disorder and is lately growing in prevalence attributing various changes in lifestyle.
Diabetes Care Devices Market: Drivers & Restraints Factors like growing number of diabetes patients, increasing financial support from various authorities, rising focus on R & D sector are expected to drive this market. Nonetheless, people dissatisfied with the reimbursement policies as well as regulatory issues have led to the hindrance in market growth of diabetes care devices.
Diabetes Care Devices Market: Segmentation By Type Glucose Monitoring Devices o Self-Blood Glucose Monitoring Devices Glucose Meters Test strips Lancets Hemoglobin A1C testing Kits o Continuous Glucose Monitoring Devices Insulin Delivery Systems o Insulin Syringes o Insulin Pens o Insulin Pumps o Jet Injectors Control Solutions
By Geography North America o United States o Canada Europe o U.K o Spain o Germany o Italy o France Asia-Pacific o China o India o Japan o Australia o South Korea
Latin America o Brazil o Argentina o Mexico o Rest of Latin America
Diabetes Care Devices Market: Overview The blood glucose monitoring devices experience rapid growth due to rise in the prevalence of diabetes, increase in geriatric population, high demand for self-care, and technological advancements in blood glucose monitoring devices. In addition, increase in online marketing strategies by key vendors fosters the growth of blood glucose monitoring devices.
North America held the first position in global diabetes care devices market and is followed by Europe. A major share of the world diabetes care devices market comes from China and India thus attracting many of the worlds largest companies to invest here.
Diabetes Care Devices Market: Key Players The Diabetes Care Devices market is filled with companies like Roche Diagnostics, Dexcom Inc., Johnson & Johnson, Insulet Inc., LifeScan, Inc., Yosomed AG, Animas Inc., Abbott Laboratories, Becton-Dickinson, Medtronic plc, Novo Nordisk, Bayer AG, Terumo Corporation, and Tandem Diabetes Care, Inc.
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