Diabetes Monitoring Devices Market - Global Industry Analysis

Diabetes Monitoring Devices Market

Diabetes Monitoring Devices Market - By Product (Lancing Devices, Testing Strips, and Blood Glucose Meters), By Distribution Channel (Institutional Sales and Retail Sales), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 21-May-2021 Category: Medical Device Report Format : PDF Pages: 150 Report Code: ZMR-6303 Status : Published

According to the report, the global Diabetes Monitoring Devices market accrued earnings worth approximately 25.75 (USD Billion) in 2019 and is predicted to gain revenue of about 31.88(USD Billion) by 2026, is set to record a CAGR of nearly 5.1 % over the period from 2020 to 2026.

Diabetes Monitoring Devices Market

Description

The global Diabetes Monitoring Devices market accrued earnings worth approximately 25.75 (USD Billion) in 2019 and is predicted to gain revenue of about 31.88(USD Billion) by 2026, is set to record a CAGR of nearly 5.1 % over the period from 2020 to 2026. The report offers assessment and analysis of the Diabetes Monitoring Devices market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

 

Diabetes Monitoring Devices Market: Overview

Diabetes has become one of the major causes of deaths across the globe in the recent years. Hence, breakthroughs are witnessed in blood glucose monitoring systems for effectively detecting diabetes in patients and this will drive market trends. Citing an instance, the use of non-invasive blood glucose monitoring tools is gaining momentum across the medical & healthcare sectors for effectively measuring diabetes in persons. Additionally, Bluetooth low energy sensor is considered as apt tool for detecting key signs of diabetes in persons. So, a personalized healthcare monitoring tool makes use of this sensor device, machine learning algorithm, and real time data processing method in not only determining diabetes, but also effectively handle the chronic condition.

Diabetes Monitoring Devices Market: Growth Dynamics

Rise in the intake of alcohol due to stress caused as a result of hectic work schedule will prompt the expansion of diabetes monitoring devices industry over the upcoming years. Apart from this, surge in the acceptance of wearable diabetes monitoring equipment, acceptance of insulin patches, and sensor driven smart insulin pumps for self-diagnosis of diabetes will proliferate the market size. Furthermore, timely monitoring of unexpected or fluctuating glucose help in determining the severity of diabetes in the persons and this will encourage the expansion of diabetes monitoring devices industry in the upcoming years. Moreover, rise in the diabetics across the globe and launching of new & low cost  diabetes monitoring devices will contribute substantially towards the market value in the upcoming years.

In addition to this, with rise in the incidences of COVID-19 cases across the globe and the disease posing more threat to the life of the diabetes patients, there is growing use of diabetes monitoring equipment. This, in turn, will create value for the products as well as increase the market profitability within the span of next few years.

Europe To Dominate Overall Market Growth By 2026

The market in Europe over 2020-2026 is anticipated to witness a tremendous expansion owing to surge in the diabetics in the continent        along with low costs of insulin devices resulting in high sales in the region. Apart from this, presence of giant firms manufacturing these equipment will culminate into humungous penetration of the product in the continent, thereby resulting in value creation for the business. This, in turn, will steer the growth of the regional market over the upcoming years.

Key players profiled in the study include Tandem Diabetes Care, PHC Holdings, Hoffmann-La Roche Ltd., Novo Nordisk A/S, Braun Melsungen AG, Medtronic Corporation, BD, Abbott Laboratories, and Sanofi.

The global Diabetes Monitoring Devices Market is segmented as follows:

By Product

  • Lancing Devices
  • Testing Strips
  • Blood Glucose Meters

By Distribution Channel

  • Institutional Sales
  • Retail Sales

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

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Diabetes Monitoring Devices Market, 2016–2026(USD Billion)
    • 2.2. Diabetes Monitoring Devices Market: Snapshot
  • Chapter 3. Global Diabetes Monitoring Devices Market– Product Analysis
    • 3.1. Diabetes Monitoring Devices Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Rise in the intake of alcohul due to stress caused as a result of hectic work schedule will prompt the expansion of diabetes monitoring devices industry over the upcoming years.
      • 3.2.2. Surge in the diabetics across the globe and launching of new & low cost diabetes monitoring devices will contribute substantially towards the market value in the upcoming years.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Product
      • 3.4.2. Market attractiveness analysis By Distribution Channel
  • Chapter 4. Global Diabetes Monitoring Devices Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Diabetes Monitoring Devices Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Diabetes Monitoring Devices Market– Product Analysis
    • 5.1. Global Diabetes Monitoring Devices Market overview: By Product
      • 5.1.1. Global Diabetes Monitoring Devices Market share, By Product, 2019 and 2026
    • 5.2. Lancing Devices
      • 5.2.1. Global Diabetes Monitoring Devices Market by Lancing Devices, 2016–2026(USD Billion)
    • 5.3. Testing Strips
      • 5.3.1. Global Diabetes Monitoring Devices Market by Testing Strips, 2016–2026(USD Billion)
    • 5.4. Blood Glucose Meters
      • 5.4.1. Global Diabetes Monitoring Devices Market by Blood Glucose Meters, 2016–2026(USD Billion)
  • Chapter 6. Global Diabetes Monitoring Devices Market– Distribution Channel Analysis
    • 6.1. Global Diabetes Monitoring Devices Market overview: By Distribution Channel
      • 6.1.1. Global Diabetes Monitoring Devices Market share, By Distribution Channel, 2019 and 2026
    • 6.2. Institutional Sales
      • 6.2.1. Global Diabetes Monitoring Devices Market by Institutional Sales, 2016–2026(USD Billion)
    • 6.3. Retail Sales
      • 6.3.1. Global Diabetes Monitoring Devices Market by Retail Sales, 2016–2026(USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. Tandem Diabetes Care
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. PHC Huldings
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Hoffmann-La Roche Ltd.
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Development
    • 7.4. Novo Nordisk A/S
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Development
    • 7.5. Braun Melsungen AG
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Medtronic Corporation
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. BD
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development
    • 7.8. Abbott Laboratories
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product Portfolio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Development
    • 7.9. Sanofi
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product Portfolio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Development

Table Of Figures

List of Figures

1. Market research Type
2. Market research methodology
3. Global Diabetes Monitoring Devices Market, 2016–2026(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Diabetes Monitoring Devices Marketattractiveness, By Product
6. Global Diabetes Monitoring Devices Marketattractiveness, By Distribution Channel
7. Global Diabetes Monitoring Devices Marketshare by Product,2019 and 2026 (USD Billion)
8. Global Diabetes Monitoring Devices Marketby Lancing Devices, 2016–2026(USD Billion)
9. Global Diabetes Monitoring Devices Marketby Testing Strips, 2016–2026(USD Billion)
10. Global Diabetes Monitoring Devices Marketby , Blood Glucose Meters, 2016–2026(USD Billion)
11. Global Diabetes Monitoring Devices Marketshare by Distribution Channel ,2019 and 2026 (USD Billion)
12. Global Diabetes Monitoring Devices Marketby Institutional Sales, 2016–2026(USD Billion)
13. Global Diabetes Monitoring Devices Marketby Retail Sales, 2016–2026(USD Billion)
14. Global Diabetes Monitoring Devices Marketshare, by Region, 2019 and 2026
15. North America Diabetes Monitoring Devices Market, 2016–2026(USD Billion)
16. Europe Diabetes Monitoring Devices Market, 2016–2026(USD Billion)
17. Asia Pacific Diabetes Monitoring Devices Market, 2016–2026(USD Billion)
18. Latin America Diabetes Monitoring Devices Market, 2016–2026(USD Billion)
19. The Middle East and Africa Diabetes Monitoring Devices Market, 2016–2026(USD Billion)
 


Table Of Tables

List of Tables

1. Global Diabetes Monitoring Devices Market: snapshot
2. Drivers of the Diabetes Monitoring Devices Market: impact analysis
3. North America Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
4. North America Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)
5. The U.S. Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
6. The U.S. Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)
7. Rest of North America Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
8. Rest of North America Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)
9. Europe Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
10. Europe Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)
11. UK Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
12. UK Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)
13. France Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
14. France Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)
15. Germany Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
16. Germany Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)
17. Rest of Europe Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
18. Rest of Europe Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)
19. Asia Pacific Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
20. Asia Pacific  Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)
21. China Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
22. China Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)
23. Japan Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
24. India Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
25. India Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)
26. Rest of Asia Pacific Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
27. Rest of Asia Pacific Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)
28. Latin America Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
29. Latin  America Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)
30. Brazil Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
31. Brazil Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)
32. Rest of Latin America Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
33. Rest of Latin  America Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)
34. The Middle East and Africa Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
35. The Middle East and Africa Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)
36. Saudi Arabia Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
37. Saudi  Arabia Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)
38. South Africa Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
39. South Africa Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)
40. Rest of the Middle East & Africa Diabetes Monitoring Devices Market revenue, By Product ,2016–2026(USD Billion)
41. Rest of the Middle East & Africa Diabetes Monitoring Devices Market revenue, By Distribution Channel  ,2016–2026(USD Billion)


 

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FrequentlyAsked Questions

Rise in the intake of alcohol due to stress caused as a result of hectic work schedule will prompt the expansion of diabetes monitoring devices industry over the upcoming years. Apart from this, surge in the acceptance of wearable diabetes monitoring equipment, acceptance of insulin patches, and sensor driven smart insulin pumps for self-diagnosis of diabetes will proliferate the market size. Furthermore, timely monitoring of unexpected or fluctuating glucose help in determining the severity of diabetes in the persons and this will encourage the expansion of diabetes monitoring devices industry in the upcoming years. Moreover, rise in the diabetics across the globe and launching of new & low cost diabetes monitoring devices will contribute substantially towards the market value in the upcoming years.

In addition to this, with rise in the incidences of COVID-19 cases across the globe and the disease posing more threat to the life of the diabetes patients, there is growing use of diabetes monitoring equipment. This, in turn, will create value for the products as well as increase the market profitability within the span of next few years.

According to Zion market research report, the global Diabetes Monitoring Devices market accrued earnings worth approximately 25.75 (USD Billion) in 2019 and is predicted to gain revenue of about 31.88(USD Billion) by 2026, is set to record a CAGR of nearly 5.1 % over the period from 2020 to 2026.

Europe will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is due to surge in the diabetics in the continent along with low costs of insulin devices resulting in high sales in the region. Apart from this, presence of giant firms manufacturing the equipment will culminate into humungous penetration of the product in the continent, thereby resulting in value creation for the business. This, in turn, will steer the growth of the regional market over the upcoming years.

The key market participants include Tandem Diabetes Care, PHC Holdings, Hoffmann-La Roche Ltd., Novo Nordisk A/S, Braun Melsungen AG, Medtronic Corporation, BD, Abbott Laboratories, and Sanofi.

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