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Global Diabetes Care Devices Market to 2027 - Rapid Technological Advancements Driving Growth
DUBLIN, May 17, 2019 /PRNewswire/ -- The "Diabetes Care Devices Market to 2027- Global Analysis and Forecasts by Product; End User and Geography" report has been added to ResearchAndMarkets.com's offering.
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 market is driven by the factors such as, rising incidence of diabetes, growing geriatric population, increasing prevalence of obesity across the globe, and rapid technological advancement in diabetes care devices. However, the factors restraining the market growth are high cost of diabetes care devices and risks associated with the insulin delivery devices.
Obesity, sedentary lifestyle and improper diet play a major role in increasing diabetes among the population worldwide. Physical activity is important to maintain the blood glucose level. Lack of exercise and unhealthy diet such as diet high in fat and calories increase the risk for the development of obesity and diabetes. Obesity is one of the major problem and the biggest concern in all the communities across the globe.
Currently, more than one in two adults and nearly one in six children are obese. Obesity is one of the major issue affect people of all ages and incomes globally. According to World Health Organization (WHO), in 2016, more than 1.9 billion adults aged 18 years and older were overweight. And out of these over 650 million adults were obese. Therefore, owing to these factors the market is likely to witness growth during the forecast period.
Global diabetes care devices market was segmented by product and end user. The product segment was further divided as glucose monitoring devices and insulin delivery devices. The glucose monitoring devices is further segmented into Glucometers, Lancets, Testing Strips and Other Glucose Monitoring Devices.
The insulin delivery devices is further segmented into insulin pens, insulin syringes, insulin pumps and other insulin delivery devices. The glucose monitoring devices is expected to dominate its market share in 2027 owing to the rise in the prevalence of the diabetes. Based on the end user the diabetes care device market is segmented into hospitals and clinics and home care. The homecare held the major market share among the end user segment owing to ease of use, availability, and accessibility of insulin delivery devices.
Some of the major primary and secondary sources included in the report for the diabetes care devices market are World Health Organization, American Diabetes Association, National Institute of Diabetes and Digestive and Kidney Diseases, Diabetes UK, Centers for Disease Control and Prevention, Chinese Diabetes Society, International Diabetes Federation and others.
Key Topics Covered:
2. GLOBAL DIABETES CARE DEVICES MARKET - KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GLOBAL DIABETES CARE DEVICES- MARKET LANDSCAPE
4.2 PEST ANALYSIS
5. DIABETES CARE DEVICES MARKET - KEY MARKET DYNAMICS
5.1 KEY MARKET DRIVERS
5.1.1 Rising Incidence of Diabetes
5.1.2 Growing Geriatric Population
5.1.3 Increasing Prevalence of Obesity Across The Globe
5.1.4 Rapid Technological Advancements in Diabetes Care Devices
5.2 KEY MARKET RESTRAINTS
5.2.1 High Cost of Diabetes Care Devices
5.2.2 Risks Associated with the Insulin Delivery Devices
5.3 KEY MARKET OPPORTUNITIES
5.3.1 Growing Medical Tourism In Developing Countries
5.4 FUTURE TRENDS
5.4.1 Growing Product Innovations
5.5 IMPACT ANALYSIS
6. DIABETES CARE DEVICES MARKET - GLOBAL ANALYSIS
6.1 GLOBAL DIABETES CARE DEVICES MARKET REVENUE FORECASTS AND ANALYSIS
6.2 GLOBAL DIABETES CARE DEVICES MARKET, BY GEOGRAPHY - FORECASTS AND ANALYSIS
6.3 PERFORMANCE OF KEY PLAYERS
6.3.2 F. Hoffmann-La Roche Ltd.
7. GLOBAL DIABETES CARE DEVICES MARKET ANALYSIS AND FORECASTS TO 2027 - PRODUCT
7.2 DIABETES CARE DEVICES MARKET REVENUE AND FORECASTS ANALYSIS, BY PRODUCT (US$ MN)
7.3 GLUCOSE MONITORING DEVICES MARKET
7.3.2 Global Glucose Monitoring Devices Market Revenue and Forecast to 2027 (US$ Mn)
7.3.3 Glucometers Market
7.3.4 Lancets Market
7.3.5 Testing Strips Market
7.3.6 Other Glucose Monitoring Devices Market
7.4 INSULIN DELIVERY DEVICES MARKET
7.4.3 Insulin Pens Market
7.4.4 Insulin Syringes Market
7.4.5 Insulin Pumps Market
7.4.6 Other Insulin Delivery Devices Market
8. GLOBAL DIABETES CARE DEVICES MARKET ANALYSIS- BY END USER
8.2 DIABETES CARE DEVICES MARKET REVENUE AND FORECASTS ANALYSIS, BY END USER (US$ MN)
8.3 HOSPITALS & CLINICS MARKET
8.4 HOMECARE MARKET
9. DIABETES CARE DEVICES MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
10. DIABETES CARE DEVICES MARKET - INDUSTRY LANDSCAPE
10.2 COMPARATIVE COMPANY ANALYSIS
10.3 GROWTH STRATEGIES DONE BY THE COMPANIES IN THE MARKET, (%)
10.4 ORGANIC DEVELOPMENTS
10.5 INORGANIC DEVELOPMENTS
11. DIABETES CARE DEVICES MARKET-KEY COMPANY PROFILES
- Novo Nordisk A/S
- B. Braun Melsungen AG
- Insulet Corporation
- Tandem Diabetes Care
- Inc., Eli Lilly and Company
- Dexcom, Inc.
- Terumo Corporation
- F. Hoffman-LA Roche Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/q52tup
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