Diabetes Care Devices Market Size, Share, Growth Report 2032

Diabetes Care Devices Market: Size

The global Diabetes Care Devices Market accrued earnings worth approximately 50.1(USD Billion) in 2021 and is predicted to gain revenue of about 79.2(USD Billion) by 2028, is set to record a CAGR of nearly 6% over the period from 2022 to 2028. The study provides assessment and analysis of the Diabetes Care Devices Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).

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Diabetes Care Devices Market: Overview

Diabetes care equipment is utilized for monitoring glucose levels of diabetics. Furthermore, these instruments enable insulin delivery into body of patient. In addition to this, diabetes is a chronic condition in which pancreas fails to produce enough amount of insulin for regulating sugar in human system. For the record, diabetes was tenth biggest mortality cause in 2019 as it was responsible for nearly 2 million deaths. Such incidences have prompted demand for diabetes care devices across globe.

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Diabetes Care Devices Market: Growth Drivers

Rise in cases of diabetics owing to inactive lifestyle along with swift industrialization will steer diabetes care devices market size. Furthermore, use of advanced blood glucose monitoring tools along with minimally invasive insulin delivery equipment for detecting diabetes has resulted in humungous demand for diabetes care devices in healthcare sector. Moreover, obesity issues and prominent surge in number of diabetes patients will fuel expansion of diabetes care devices market.

Furthermore, diabetes is assessed to be related to nearly 11.2% of global deaths across globe in coming years. Rising awareness pertaining to treatment of diabetes and supportive national health plans are set to expedite expansion of diabetes care devices industry. Moreover, diabetes is occurring at higher frequency in youth owing to irregular working hours and food habits. These, in turn, have created massive need of diabetes care devices in healthcare sector, thereby driving market progress.

Report Scope:

Diabetes Care Devices Market: Regional Landscape

North American Diabetes Care Devices Market To Record Astounding Growth By 2028

Growth of diabetes care devices market in North America over forecasting timeline is subject to rise in number of diabetics in North America. For the record, recently there are over 30 million diabetics in North America and the number is projected to surge to about 34 million in 2026. Furthermore, supportive reimbursement guidelines along with strong presence of healthcare infrastructure in countries such as the U.S. and Canada will proliferate regional market surge.

Diabetes Care Devices Market: Competitive Landscape

Some of the major players have strongly leveraged size of diabetes care devices market across globe and will retain their market domination even in next few years. We have compiled their profiles in our report and they are Terumo Corporation, Acon Laboratories, Inc., Abbott Laboratories, Dexcom, Inc., Novo Nordisk A/S, Johnson & Johnson, Bayer AG, Merck & Co., Inc., The Ypsomed Group, Roche Diagnostics Ltd., Becton, Dickinson and Company, Medtronic plc, ARKRAY, Inc., and Sanofi S.A.

The global Diabetes Care Devices Market is segmented as follows:

By Glucose Monitoring Device

• Blood Glucose Meters
• Blood Glucose Test Strips
• Lancing Devices
• Continuous Glucose Monitoring Devices
• HbA1c Testing Kits
• Others

By Insulin Delivery Device

• Insulin Pumps
• Insulin Syringes
• Insulin Pens

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa