30-Dec-2019 | Zion Market Research
Zion Market Research has released a new report titled, “Diabetes Care Devices Market by Glucose Monitoring Device (Blood Glucose Meters, Blood Glucose Test Strips, Lancing Devices, Continuous Glucose Monitoring Devices, HbA1c Testing Kits and Others) and by Insulin Delivery Device (Insulin Pumps, Insulin Syringes and Insulin Pens) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. As per the report, the diabetic care device market worldwide was capitalized at about USD18.50 Billion during 2015 and is likely to reach at USD26.00 Billion in 2021, expanding with a CAGR at 5.9% during 2016–2021.
Browse the full "Diabetes Care Devices Market by Glucose Monitoring Device (Blood Glucose Meters, Blood Glucose Test Strips, Lancing Devices, Continuous Glucose Monitoring Devices, HbA1c Testing Kits and Others) and by Insulin Delivery Device (Insulin Pumps, Insulin Syringes and Insulin Pens) - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at https://www.zionmarketresearch.com/report/diabetes-care-devices-market
For checking or managing the blood glucose levels different devices are used. These diabetes care devices consist of an insulin delivery device and a glucose monitoring device. The common test conducted to identify diabetes by the physician comprises of pre- & post-lunch blood glucose analysis and HbA1c test.
The global diabetes care device market is pitched mostly by surging the occurrence of type II diabetes cases or non-insulin dependent Mellitus in the different regions worldwide. For example, as per the International Diabetes Federation, China had the maximum diabetic patients with about 96.2 Million patients subsequently India with approximately 66.8 Million diabetic patients during 2014. Additionally, the increasing interest of the administration in controlling diabetes is a chief aspect of boosting the diabetes care device market. Additionally, modern technological progress in the blood glucose monitoring and insulin delivery in the blood is amongst the unusual aspect that is directly accountable for mounting the development of diabetes care device market. Nevertheless, the high cost of diabetic care device is the main limitations that directly impact the expansion of the diabetes care devices market. However, the market for diabetes care devices demonstrates high development potential as the infiltration level for the devices is likely to be quite less. The advancement and modernization in technologies are anticipated to further stimulate market growth.
Considering geography analysis, the North America region was the main market for the diabetic care device market during 2015 with regard to revenue generation after Europe owing to the availability of modern technologies and infrastructure. In addition, the augmentation in the demand for antibiotics in nations such as Canada and the U.S. will intensify the requirement of diabetic care device market across this region. The North America region attributes about 40% of the total market share of the global diabetic care device market. However, Europe accounts for 23% of the global diabetes care device market. Furthermore, the diabetic care device market globally has huge prospects in the budding market such as Asia-Pacific and Latin America owing to the massive patient base, increase disposable earnings, public awareness, administration programs, and healthcare infrastructure.
Some of the major market players in the global diabetes care devices market are ARKRAY Inc, Terumo Corporation, Johnson & Johnson, Becton, Bayer AG, Novo Nordisk A/S, Medtronic plc, Ypsomed AG, Acon Laboratories, Inc., Dickinson and Company, Roche Diagnostics Ltd., Merck & Co., Dexcom, Inc., Abbott Laboratories, and Sanofi.
This report segments the global diabetes care devices market as follows:-
Global Diabetes Care Devices Market: Glucose Monitoring Devices Analysis
Global Diabetes Care Devices Market: Insulin Delivery Devices Analysis
Global Diabetes Care Devices Market: Regional Analysis
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