Infinium Global Research has added a new report on Diabetes Devices Market. The report covers the analysis of global as well as regional markets of diabetes devices. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run.According to the report, the global diabetes devices market is projected to grow at a CAGR of 6.7% over the forecast period of 2019-2025.
Get Sample Report Copy for Market Insights @ https://www.infiniumglobalresearch.com/reports/sample-request/39
Diabetes is one of the major and pervasive public health issues. The diabetes devices include several devices that help in the monitoring and treatment of diabetic patients. Monitoring of glucose levels is an essential part of diabetes management or treatment. These diabetic devices are very beneficial in managing diabetic treatments. Diabetic devices also help in the prevention of diabetic complications. The medical devices used in the diabetic managements include blood glucose meters and strips, continuous glucose monitors (CGMS) insulin pumps, injection pens, and others.
Growing Prevalence of Diabetes is the Key Factor that Drives the Growth of Diabetes Devices Market
The growing prevalence of diabetes is the key factor that drives the growth of diabetes devices market worldwide. According to the International Diabetic Federation, approximately 425 million adults (20-79 years) were living with diabetes in 2017. The rapidly changing lifestyles, rising occurrence of obesity and high alcohol consumption led to the rapid growth of diabetes all over the world. Thus, this contributes to the growth of diabetic devices market.
Additionally, raising awareness about diabetes and diabetes management among patients is anticipated to escalate the growth of the diabetic market in the near future. On the other hand, low awareness about diabetes management and monitoring devices in the under-developed countries are expected to hamper the growth of diabetic device market. Moreover, ongoing technological advancements and the introduction of advanced Insulin Delivery Devices is projected to create several growth opportunities in the diabetic devices market in the near future.
North America Holds the Maximum Market Shares in the Diabetes Devices Market
Among the geographies, North America holds the maximum market shares in the diabetes devices market followed by Europe. The U.S. is majorly contributing to the growth of the diabetes devices market in the North America region. The high prevalence of diabetes, increasing obesity and advancements in the insulin delivery systems are driving the growth of North America diabetes device market. The Nation Institute of Diabetes and Digestive and Kidney Diseases estimated that around 23.1 million people in the United States are diagnosed with diabetes. Furthermore, Asia Pacific is the fastest growing region in the diabetes device market owing to the growing awareness and the consumption of diabetic devices.
Diabetes Devices Market: Segmentation
The report on global diabetes devices market covers segments such as type of devices, and end user. On the basis of the type of devices, the sub-markets include monitoring devices, and treatment devices. On the basis of end user, the sub-markets include diagnostic centers, hospitals, home care, and ambulatory surgery centers.
Diabetes Devices Market: Competitive Landscape
The report provides profiles of the companies in the market such as Abbott Laboratories, F. Hoffmann-La Roche Ag, Johnson & Johnson (LifeScan, Inc.), DexCom Inc., Bayer Corporation, Arkray, Inc., Sinocare, Inc., Medtronic PLC, Sanofi, Novo Nordisk, Eli Lilly and Company, and Other companies.
Read Detailed Index of full Research Study at https://www.infiniumglobalresearch.com/healthcare-medical-devices/global-diabetes-devices-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the diabetes devices.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.