Global Diabetes Care Devices Market to reach USD 22.80 Billion by 2020 with a CAGR of 5.73%

18/ago/2017 10:00:40 MDFtends Contatta l'autore

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According to the report Global Diabetes Care Devices Market, published by Market Data Forecast, The Market has been estimated at USD 17.26 Billion in 2015 and is projected to reach USD 22.80 Billion by 2020, at a CAGR of 5.73% during the forecast period from 2015 to 2020.

Diabetes is a group of metabolic disorders, chronic condition which is associated with abnormally high level of sugar (glucose) in the blood. The diabetes patient pool is expected to reach 380 million by 2025 because of drastic rise in population, sedentary lifestyle, unhealthy dietary patterns etc.

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The market driven by factors like increasing pool of patients suffering from diabetes, more investments in R&D resulting in technological innovations, diabetes diagnosis and treatments with minimally to noninvasive techniques. Furthermore, by increasing awareness, improving diagnosis and treatment rates, a growing need among people for safer, faster and effective methods will lead to increased adoption rates for care devices. However, market is restricted by high cost associated with diagnosis and treatment. Moreover, reimbursement issues and patent expiry are also an issue.

Global Diabetes Care Devices Market: Segmentation

by Type                                                           

  • Glucose Monitoring Devices
    • Self Blood Glucose Monitoring Devices
      • Glucose Meters
      • Test strips
      • Lancets
      • Hemoglobin A1c testing Kits
    • Continous Glucose Monitoring Devices
  • Insulin Delivery Systems
    • Insulin Syringes
    • Insulin Pens
    • Insulin Pumps
    • Jet Injectors
  • Control Solutions

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Geographically Global diabetes care devices market has been segmented into North America, Asia-Pacific, Europe, Latin America and Middle-East & Africa. Among these the North America held the largest share in the global diabetes care products market. Europe and Asia-Pacific follows the North America’s way. Especially the Asia-Pacific region provides significant opportunities for the diabetes care in which China (1.3 billion) and India (1.2 billion) being the most populous countries in this region, contributes for the demand for diabetes care devices. According to the International Diabetes Federation, China had the largest number of diabetic patients with around 96.2 million and India had around 66.8 million diabetic patients. As of 2015, approximately 45% of the global diabetic population are from China and India. So many global diabetes care devices companies show interest to invest in these countries.

The market is mainly dominated by Roche Diagnostics with its Accu Chek line of products and followed by different companies like Johnson & Johnson, with its subsidiaries LifeScan, Inc. and Animas Inc. Becton-Dickinson and Novo Nordisk are the two  Companies which  have been the market leaders in insulin delivery devices market, especially in pens(Insulin) followed by Bayer AG and Abbott Laboratories also has a strong presence in the growing markets for diabetes care devices such as China and India. The other players in the global diabetes care devices market are Ypsomed AG, Medtronic plc, Insulet Inc. Terumo Corporation, Dexcom, Inc. (U.S.), and Tandem Diabetes Care, Inc.

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Reasons to buy Global Diabetes Care Devices Market Report:

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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