Diabetes Management Devices Market Size to grow at a considerable CAGR of 8.4% through 2028

By Sachin Pashte  | Date: January 03, 2023

Diabetes Management Devices Market Size to grow at a considerable CAGR of 8.4% through 2028

Market Study Report has added a new report on Diabetes Management Devices market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Diabetes Management Devices market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Global Diabetes Management Market Analysis and Forecast 2019-2028 Market Introduction

The global diabetes management market is expected to witness a strong growth rate of 8.4% during the forecast period of 2022-2028. The growth of the global diabetes management market is attributed to the rising incidence of diabetes among the younger as well as the geriatric population.

On the basis of end-user, the market is segmented into diagnostics centers, hospitals, and home care. Based on the distribution channel, the market is segmented into retail pharmacies, hospital pharmacies, diabetes centres/clinics, and E-commerce websites. Based on region, the market is divided into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and Middle East & Africa.

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Market Segmentation

The global diabetes management market is segmented on the basis of device type, end-user, distribution channel, and region. Based on device type, the market is divided into blood glucose monitoring devices and insulin delivery devices. Further, blood glucose monitoring device is divided into, self-monitoring devices and continuous glucose monitoring devices, and continuous glucose monitoring device are segmented into insulin pens, insulin pumps, insulin syringes, and others including jet injectors.

Moreover, disease like obesity and the prevalence of junk food and alcohol among the younger population is expected to escalate the number of diabetic patients across the globe, which in turn will fuel the growth of the diabetes management market. In addition, the continuous R&D in the healthcare sector along with the introduction of innovative devices gives a thrust to the global diabetes management devices. Moreover, the higher incidences of diabetes (Type I & Type II) in the geriatric population across the globe are high which is increasing the demand for devices such as insulin pens and pumps and hence drives the growth of the diabetes management devices market.

Further, North America is divided into US and Canada. Latin America is further segmented on the basis of Brazil, Mexico, and the Rest of Latin America. Western Europe is further segmented into Germany, the UK, France, Spain, Italy, Benelux, Nordic, and the rest of western Europe. Eastern Europe is segmented into Russia, Poland, and the rest of Eastern Europe.

Based on the Asia Pacific, the market is further segmented into China, India, Japan, South Korea, Australia, ASEAN (Indonesia, Vietnam, Malaysia, etc.) countries, and the rest of Asia Pacific. Lastly, on the basis of the Middle East & Africa market is segmented into GCC Countries, South Africa, Turkey, and the rest of the Middle East & Africa.

Market structure and competitive landscape

The global diabetes management market is fragmented in nature, some of the prominent players that contribute significantly to the global enterprise resource planning market include, Medtronic plc, F.Hoffmann-La-Roche Ltd., Abbott Laboratories Inc., Johnson & Johnson, Novo Nordisk A/S, Bayer AG, Insulet Corp., Sanofi SA, Lifescan Inc., B Braun Melsungen AG, Rossmax International Ltd., Eli Lilly and Company, and Ypsomed Holdings are some of the key players operating in the market.

Product Launches, Mergers & Acquisitions, joint ventures, and R&D activities are key strategies adopted by the players in the global diabetes management market. These companies adopt numerous approaches to strengthen their market share and gain a competitive edge over other competitors in the market.

Questions And Answers: Global Diabetes Management Devices Market

Q1. What is the CAGR that the Diabetes Management Devices Market is expected to register through the projected duration?

Answer: The Diabetes Management Devices Market is likely to register a CAGR of 8.4% over the forecast period.

Q2. Which Are the Key Players in Global Diabetes Management Devices Market?

Answer: Medtronic plc, F.Hoffmann-La-Roche Ltd., Abbott Laboratories Inc., Johnson & Johnson, Novo Nordisk A/S, Bayer AG, Insulet Corp., Sanofi SA, Lifescan Inc., B Braun Melsungen AG, Rossmax International Ltd., Eli Lilly among others are the leading players in worldwide Diabetes Management Devices Market

For more details on this report: https://www.marketstudyreport.com/reports/global-diabetes-management-devices-market-analysis-and-forecast-2019-2028    

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About Author

Sachin Pashte     ibmag.com

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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