The global diabetes care devices market accounted to US$ 23,354.3 Mn in 2018 and is expected to grow at a CAGR of 6.1% during the forecast period 2019 - 2027, to account to US$ 39,382.3 Mn by 2027.
Diabetes Care Devices Market Research Report will assist you to take thoughtful decisions about market by explaining what the market Segments, demand, classifications, applications, engagements and Growth are and informing you about all the recent changes in Market, product launches & their researches, their merges, accusations, and joint ventures, and also explaining about all the scope and regional framework which are collected using SWOT analysis.
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According to a new market research study titled "Diabetes Care Devices Market - Global Analysis and Forecasts by Product and End User", the global diabetes care devices market is expected to reach US$ 39,382.3 Mn in 2027 from US$ 23,354.3 Mn in 2018. The market is estimated to grow with a CAGR of 6.1% from 2019-2027. The report highlights the trends prevalent in the global diabetes care devices market and the factors driving the market along with those that act as deterrents to its growth.
The global diabetes care devices market by product segments was led by glucose monitoring devices segment. In 2018, the glucose monitoring devices held a largest market share of 54.1% of the diabetes care devices market, by product. The glucose monitoring devices segments is also expected to be the fastest growing segments the market in 2027 owing to the presence of the various market players that are offering various products and rise in the technological advancements are likely to propel the growth of the market during the forecast period.
Global Leading Key Players In Industry:
- BD
- Novo Nordisk A/S
- B. Braun Melsungen AG
- Insulet Corporation
- Medtronic
- Tandem Diabetes Care, Inc.
- Eli Lilly and Company
- Dexcom, Inc.
- Terumo Corporation
- F. Hoffman-LA Roche Ltd.
The market players are focused towards bringing new and innovative products and services to sustain their position in the market. For instance, in February 2019, Tandem Diabetes Care, Inc. announced that the U.S. Food and Drug Administration (FDA) has classified the t:slim X2 insulin pump as the first in a new device category called Alternate Controller Enabled Infusion Pumps (ACE pumps).
Comparative Analysis:
This Report also includes the profiles of Others key market companies along with their SWOT analysis and market various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
Table of Contents:
1 Executive Summary
2 Scope of the Report
3 Global Diabetes Care Devices Market by Players
4 Diabetes Care Devices Market by Regions
5 Market Drivers, Challenges and Trends
6 Marketing, Distributors and Customer
7 Global Diabetes Care Devices Market Forecast 2027
8 Key Players Analysis Research, Findings and Conclusion
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Strategic Insights:
Product launches and up gradation were observed as the most adopted strategy in global diabetes care devices industry. For instance, in March 2019, Tandem Diabetes Care, Inc has announced that it is now registered as an approved vendor of insulin pumps and supplies under the Assistive Devices Program (ADP) in Ontario, Canada. Thus, the expansion move by the company is likely to boost up the growth of its own and is likely to contribute to the market in the coming future.
DIABETES CARE DEVICES - MARKET SEGMENTATION
Global Diabetes Care Devices Market - By Product
- Glucose Monitoring Devices
- Glucometers
- Lancets
- Testing Strips
- Other Glucose Monitoring Devices
- Insulin Delivery Devices
- Insulin Pens
- Insulin Syringes
- Insulin Pumps
- Other Insulin Delivery Devices
Global Diabetes Care Devices Market - By End User
- Hospitals & Clinics
- Homecare
By Geography
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Diabetes Care Devices market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely;
- North America,
- Europe,
- Asia-Pacific (APAC),
- Middle East and Africa (MEA)
- South & Central America.
The Diabetes Care Devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
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