(PharmaNewsWire.Com, January 23, 2017 ) According to the report Diabetes Care Devices Market by Device Type (Glucose Monitoring Systems, Insulin Delivery Systems and Control Solutions) and by Region – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2015 – 2020)", published by Market Data Forecast, the global market is projected to reach USD 22.8 Billion by 2020, at a CAGR of 5.73% from 2015 to 2020.
Diabetes is the most widespread disease globally which is caused by the imbalance of blood sugar level in the body. The disease is either genetically inherited or the changing lifestyle these days and unhealthy diets can also cause diabetes. This further has severe effects on the body like internal damaging of organs and hence require regular monitoring and controlled level of sugar. Diabetes care devices market is growing at a very fast rate due to the increase in number of incidences of diabetes, especially in aged population. These devices are user friendly and can be operated by patients themselves, they monitor the blood glucose level and help people to control the level.
Need for the devices that are faster, effective, safer and user friendly is growing rapidly, which is majorly fuelling the growth of the market. Government and private investment in R&D leading to technical innovations, increasing number of diabetic patients, diagnosis and treatment using non-invasive techniques, reducing treatment rates and rising awareness are some of the major factors driving the growth of the market. Avail discount at http://www.marketdataforecast.com/market-reports/global-diabetes-care-devices-market-96/request-discount Based on Type: • Diabetes Monitoring Devices • Self-Blood Glucose Monitoring Devices • Continuous Glucose Monitoring Devices • Insulin Delivery Systems • Insulin Pens • Insulin Pumps • Jet Injectors • Insulin Syringes • Diabetes Control Solutions Based on Geography • North America • Europe • Asia Pacific • Latin America • Middle East & Africa
Major companies in the market are Roche Diagnostics, Becton-Dickinson, Novo Nordisk, Bayer AG, Abbott Laboratories, Animas Inc., LifeScan Inc., Johnson & Johnson, Medtronic plc, Insulet Inc., Ypsomed AG, Tandem Diabetes Care Inc., Terumo Corporation and Dexcom Inc.
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