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Pulished Date August, 2019
ID: 73
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Global Diabetes Care Devices Market Size, Share, Trends and Growth Analysis Report – Segmented By Product Type (Glucose Monitoring Devices, Insulin Delivery Systems & Control Solutions), Region - Industry Forecast | 2019 to 2024

Pulished: August, 2019
ID: 73
Pages: 175

Industry Analysis

As per our report, the size of the global diabetes care devices market was worth USD 20.4 Billion in 2019 and is projected to grow USD 27.0 Billion by 2024, showcasing a CAGR of 5.79% from 2019 to 2024. 

MARKET DRIVERS

Growing prevalence of diabetes around the world and increasing need for the safety measures are majorly driving the market growth.

The rapid increase in the incidence of diabetes due to urbanization and sedentary lifestyles is a crucial factor for the growth of the global diabetes care devices market. The World Health Organization (WHO) predicts that diabetes will be one of the leading causes of death in the coming years. As the number of patients with diabetes increased, the demand for diabetes treatment devices also did. The need for quick and effective diagnostic methods has also contributed to the growth of the European market.

It is expected that market growth will be accelerated further due to rapid technological advances in the field of diabetes, the increase in the population of obesity, the increase in the consumption of junk food, and the fast diagnosis and treatment of diabetes.

Additionally, the elderly population is very vulnerable to diabetes due to unhealthy eating habits and sedentary lifestyles. It has led to an increase in demand for diabetes care devices and accelerated market growth. As knowledge of diabetes management has increased, the market growth of diabetes management devices has accelerated. The widespread advances in health infrastructures and economic development have benefited the market.

Some governments are planning to provide optimal diabetes treatment at low cost. Many companies also focus on minimizing the cost of diabetes management devices, which is estimated to favour the global diabetes care devices market growth. It is also expected that increased awareness of diabetes monitoring devices and untapped market opportunities in developing countries will provide numerous opportunities for diabetes care devices market growth in this vicinity.

MARKET RESTRAINTS

Despite these factors that favour the market, certain limitations can hinder growth. The reduction of consciousness about the use of devices in remote and underdeveloped regions can affect to a certain extent of the European market for these devices. The long process of registration and reimbursement problems also poses a threat to the market.

Further, the global diabetes care devices market is restricted by the high costs associated with diagnosis and treatment. Moreover, reimbursement issues and patent expiry are also an issue. The diabetes care devices offer a solution to diabetes patients to manage glucose in the blood.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 to 2024

Base Year

2018

Forecast Period

2019 to 2024

Segments Covered

By Type and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

This research report on the global diabetes care devices market has been segmented based on the type and region.

Diabetes Care Devices Market - By Type:

  • Glucose Monitoring Devices
    • Self-Blood Glucose Monitoring Devices
        • Glucose Meters
        • Test strips
        • Lancets
        • Hemoglobin A1C Testing Kits    
    • Continuous Glucose Monitoring Devices
  • Insulin Delivery Systems
    • Insulin Syringes
    • Insulin Pens
    • Insulin Pumps
    • Jet Injectors
  • Control Solutions

Based on type, the market is led by glucose monitoring devices. Increasing the prevalence of effective diabetes management procedures in hospitals and clinics is lavishing the growth rate of the market. Growing awareness in monitoring glucose levels regularly is also one of the factors dominating the shares of the market. Shifting trends towards self-medication and rise in the demand for point of care testing devices are accelerating the growth rate of the diabetes care devices market. Initiative steps by the government by increasing campaign programs, especially in rural areas, is promoting the growth of the market to the extent. The insulin delivery systems segment is expected to have the highest CAGR in the coming years with the improving diagnosis procedures with different systems. Also, people demand effective and faster methods are enhancing the demand of the market. Minimally invasive treatment procedures are also a part of treating diabetes which is also fueling the growth of the market.           

Most of the market for diabetes devices in Europe comes from disposable pens, insulin pumps, and blood glucose test strips. These devices represent approximately 60% of the total market share in Europe. In the European market for diabetes medications, 21.03% of the income is contributed from blood glucose strain insulin pump that is projected to grow at 5.06% CAGR in 2019 to 2024 period. The use of insulin pumps has increased in Europe over the years. The low frequency of use of insulin pumps in Europe is due to the lack of awareness of diabetic patients.

Regional Analysis:

Among these, North America held the largest share in the global diabetes care products market. Europe and Asia-Pacific follow North America’s way. Mainly the Asia-Pacific region provides significant opportunities for the diabetes care in which China (1.3 billion) and India (1.2 billion) being the most populous countries in this region, contribute to the demand for diabetes care devices. According to the International Diabetes Federation, China had the most significant number of diabetic patients with around 96.2 million, and India had about 66.8 million diabetic patients. As of 2019, approximately 45% of the global diabetic population is from China and India. So many global diabetes care devices companies show interest to invest in these countries.

TOP COMPANIES IN THE MARKET

Most promising companies dominating the global diabetes care devices market profiled in this report are Roche Diagnostics, Johnson & Johnson, LifeScan, Inc. and Animas Inc., Becton-Dickinson, Novo Nordisk, Bayer AG, Abbott Laboratories, Ypsomed AG, Medtronic plc, Insulet Inc., Terumo Corporation, Tandem Diabetes Care, Inc. and Dexcom, Inc. (U.S.).

RECENT MARKET DEVELOPMENTS

  1. Introduction

                1.1 Market Definition                                                    

                1.2 Study Deliverables                                                  

                1.3 Base Currency, Base Year and Forecast Periods                                                          

                1.4 General Study Assumptions                                                

  1. Research Methodology

                2.1 Introduction                                                               

                2.2 Research Phases                                                      

                                2.2.1 Secondary Research                                           

                                2.2.2 Primary Research                                 

                                2.2.3 Econometric Modelling                                      

                                2.2.4 Expert Validation                                  

                2.3 Analysis Design                                                         

                2.4 Study Timeline                                                          

  1. Overview

                3.1 Executive Summary                                                

                3.2 Key Inferences                                                         

                3.3 New Developments                                               

  1. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

                4.1 Market Drivers                                                          

                4.2 Market Restraints                                                    

                4.3 Key Challenges                                                         

                4.4 Current Opportunities in the Market                                                              

  1. Market Segmentation

                5.1 Global Diabetes Care Devices Market, by Type                                                           

                                5.1.1 Glucose Monitoring Devices                                            

                                                5.1.1.1 Self Blood Glucose Monitoring Devices                   

                                                                5.1.1.1.1 Glucose Meters             

                                                                5.1.1.1.2 Test strips        

                                                                5.1.1.1.3 Lancets              

                                                                5.1.1.1.4 Hemoglobin A1C testing Kits    

                                                5.1.1.2 Continous Glucose Monitoring Devices                  

                                5.1.2 Insulin Delivery Systems                                   

                                                5.1.2.1 Insulin Syringes                 

                                                5.1.2.2 Insulin Pens                        

                                                5.1.2.3 Insulin Pumps                    

                                                5.1.2.4 Jet Injectors                        

                                5.1.3 Control Solutions                                  

  1. Geographical Analysis

                6.1 North America                                                          

                                6.1.1 Introduction                                           

                                6.1.2 United States                                         

                                6.1.3 Canada                                     

                6.2 Europe                                                         

                                6.2.1 Introduction                                           

                                6.2.2 U.K                                             

                                6.2.3 Spain                                         

                                6.2.4 Germany                                 

                                6.2.5 Italy                                            

                                6.2.6 France                                       

                                6.2.7 Switzerland                                             

                                6.2.8 Russia                                        

                6.3 Asia-Pacific                                                 

                                6.3.1 Introduction                                           

                                6.3.2 China                                         

                                6.3.3 India                                          

                                6.3.4 Japan                                         

                                6.3.5 South Korea                                           

                6.4 Latin America                                                             

                                6.4.1 Introduction                                           

                                6.4.2 Brazil                                          

                                6.4.3 Mexico                                     

                                6.4.4 Rest of Latin America                                          

                6.5 Middle East & Africa                                               

                                6.5.1 Introduction                                           

                                6.5.2 Middle-East                                            

                                6.5.3 Africa                                         

  1. Strategic Analysis

                7.1 PESTLE analysis                                                         

                                7.1.1 Political                                     

                                7.1.2 Economic                                 

                                7.1.3 Social                                         

                                7.1.4 Technological                                         

                                7.1.5 Legal                                          

                                7.1.6 Environmental                                       

                7.2 Porter’s Five analysis                                                              

                                7.2.1 Bargaining Power of Suppliers                                        

                                7.2.2 Bargaining Power of Consumers                                    

                                7.2.3 Threat of New Entrants                                     

                                7.2.4 Threat of Substitute Products and Services                                              

                                7.2.5 Competitive Rivalry within the Industry                                     

  1. Market Leaders' Analysis

                8.1 F. Hoffmann-La Roche Ltd                                                    

                                8.1.1 Overview                                 

                                8.1.2 Product Analysis                                   

                                8.1.3 Strategic Evaluation and Operations                                            

                                8.1.4 Financial analysis                                  

                                8.1.5 Legal issues                                             

                                8.1.6 Recent Developments                                       

                                8.1.7 SWOT analysis                                       

                                8.1.8 Analyst View                                          

                8.2 Medtronic Inc.                                                          

                8.3 Johnson & Johnson                                                 

                8.4 Abbott Laboratories                                                               

                8.5 Becton, Dickinson and Company                                                       

                8.6 Ascensia Diabetes care                                                          

                8.7 Novo Nordisk A/S                                                    

                8.8 Dexcom, Inc.                                                              

                8.9 Insulet Corporation                                                 

                8.10 Terumo Corporation                                                            

                8.11 Tandem Diabetes Care, Inc                                               

                8.12 Ypsomed AG                                                           

  1. Competitive Landscape

                9.1 Market share analysis                                                            

                9.2 Merger and Acquisition Analysis                                                       

                9.3 Agreements, collaborations and Joint Ventures                                                         

                9.4 New Product Launches                                                         

  1. Expert Opinions

                10.1 Market Outlook                                                     

                10.2 Investment Opportunities                                                 

    Appendix                                                                          

  1. List of Tables
  2. List of Figures
  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  2. Global Glucose Monitoring Devices Market by Region from 2019-2024 (in $Billion)
  3. Global Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  4. Global Self Monitoring Blood Glucose (SMBG) Market by Region from 2019-2024 (in $Billion)
  5. Global Continuous Glucose Monitoring (CGM) Devices Market by Region from 2019-2024 (in $Billion)
  6. Global Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  7. Global Glucose Meters Market by Region from 2019-2024 (in $Billion)
  8. Global Testing Strips Market by Region from 2019-2024 (in $Billion)
  9. Global Lancets Market by Region from 2019-2024 (in $Billion)
  10. Global Haemoglobin A1C Testing Kits Market by Region from 2019-2024 (in $Billion)
  11. Global Insulin Delivery Devices Market by Region from 2019-2024 (in $Billion)
  12. Global Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  13. Global Insulin Syringes Market by Region from 2019-2024 (in $Billion)
  14. Global Insulin Pumps Market by Region from 2019-2024 (in $Billion)
  15. Global Insulin Pens Market by Region from 2019-2024 (in $Billion)
  16. Global Insulin Jet Injectors Market by Region from 2019-2024 (in $Billion)
  17. Global Control Solutions Market by Region from 2019-2024 (in $Billion)
  18. Global Diabetes Care Devices Market by Region from 2019-2024 (in $Billion)
  19. North America Diabetes Care Devices Market by Region from 2019-2024 (in $Billion)
  20. North America Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  21. North America Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  22. North America Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  23. North America Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  24. USA Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  25. USA Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  26. USA Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  27. USA Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  28. Canada Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  29. Canada Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  30. Canada Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  31. Canada Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  32. Europe Diabetes Care Devices Market by Region from 2019-2024 (in $Billion)
  33. Europe Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  34. Europe Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  35. Europe Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  36. Europe Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  37. Germany Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  38. Germany Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  39. Germany Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  40. Germany Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  41. United Kingdom Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  42. United Kingdom Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  43. United Kingdom Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  44. United Kingdom Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  45. France Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  46. France Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  47. France Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  48. France Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  49. Spain Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  50. Spain Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  51. Spain Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  52. Spain Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  53. Russia Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  54. Russia Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  55. Russia Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  56. Russia Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  57. Italy Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  58. Italy Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  59. Italy Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  60. Italy Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  61. Switzerland Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  62. Switzerland Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  63. Switzerland Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  64. Switzerland Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  65. Asia-Pacific Diabetes Care Devices Market by Region from 2019-2024 (in $Billion)
  66. Asia-Pacific Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  67. Asia-Pacific Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  68. Asia-Pacific Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  69. Asia-Pacific Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  70. China Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  71. China Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  72. China Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  73. China Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  74. India Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  75. India Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  76. India Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  77. India Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  78. Japan Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  79. Japan Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  80. Japan Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  81. Japan Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  82. South Korea Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  83. South Korea Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  84. South Korea Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  85. South Korea Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  86. Latin America Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  87. Latin America Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  88. Latin America Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  89. Latin America Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  90. Latin America Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  91. Brazil Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  92. Brazil Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  93. Brazil Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  94. Brazil Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  95. Mexico Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  96. Mexico Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  97. Mexico Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  98. Mexico Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  99. Rest of Latin America Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  100. Rest of Latin America Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  101. Rest of Latin America Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  102. Rest of Latin America Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  103. Middle-East & Africa Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  104. Middle-East & Africa Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  105. Middle-East & Africa Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  106. Middle-East & Africa Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  107. Middle-East Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  108. Middle-East Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  109. Middle-East Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  110. Middle-East Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)
  111. Africa Diabetes Care Devices Market by Type from 2019-2024 (in $Billion)
  112. Africa Glucose Monitoring Devices Market by Type from 2019-2024 (in $Billion)
  113. Africa Self Monitoring Blood Glucose (SMBG) Market by Type from 2019-2024 (in $Billion)
  114. Africa Insulin Delivery Devices Market by Type from 2019-2024 (in $Billion)

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