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Pulished Date February, 2020
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 (2020 to 2025)

Pulished: February, 2020
ID: 73
Pages: 175

Diabetes Care Devices Market Size (2020 to 2025)

As per our report, the size of the global diabetes care devices market was worth USD 20.4 Billion in 2020. It is projected to grow USD 27.0 Billion by 2025, showcasing a CAGR of 5.79% from 2020 to 2025. 

Diabetes care devices help know the sugar levels and take appropriate measures to manage blood sugar levels. These devices decrease the burden on the patient who has diabetes and improves the quality of life. According to the International Diabetes Federation (IDF), in 2015, the number of diabetes patients is 414 million, whereas it raised to 425 million in 2017. Also, the report stated that around 1.6 million people were dead due to diabetes in 2016. The government organizations are planning to give proper access to diabetes care devices in healthcare sectors, especially in rural areas, to minimize the risk of diabetes.

MARKET DRIVERS

The growing prevalence of diabetes worldwide and the increasing need for 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 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 a low cost. Many companies also focus on minimizing the cost of diabetes management devices, which is estimated to favor 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 favor the market, certain limitations can hinder growth. The reduction of consciousness about the use of devices in remote and underdeveloped regions can affect 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 of 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

2019 to 2025

Base Year

2019

Forecast Period

2020 to 2025

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, are 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 to improve diagnostic 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 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 diabetic patients' awareness.

Diabetes Care Devices Market - By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

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 diabetes care. 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 in investing in these countries.

TOP COMPANIES IN THE MARKET

The 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 2020 to 2025 (USD Million)
  2. Global Glucose Monitoring Devices Market by Region from 2020 to 2025 (USD Million)
  3. Global Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  4. Global Self Monitoring Blood Glucose (SMBG) Market by Region from 2020 to 2025 (USD Million)
  5. Global Continuous Glucose Monitoring (CGM) Devices Market by Region from 2020 to 2025 (USD Million)
  6. Global Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  7. Global Glucose Meters Market by Region from 2020 to 2025 (USD Million)
  8. Global Testing Strips Market by Region from 2020 to 2025 (USD Million)
  9. Global Lancets Market by Region from 2020 to 2025 (USD Million)
  10. Global Haemoglobin A1C Testing Kits Market by Region from 2020 to 2025 (USD Million)
  11. Global Insulin Delivery Devices Market by Region from 2020 to 2025 (USD Million)
  12. Global Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  13. Global Insulin Syringes Market by Region from 2020 to 2025 (USD Million)
  14. Global Insulin Pumps Market by Region from 2020 to 2025 (USD Million)
  15. Global Insulin Pens Market by Region from 2020 to 2025 (USD Million)
  16. Global Insulin Jet Injectors Market by Region from 2020 to 2025 (USD Million)
  17. Global Control Solutions Market by Region from 2020 to 2025 (USD Million)
  18. Global Diabetes Care Devices Market by Region from 2020 to 2025 (USD Million)
  19. North America Diabetes Care Devices Market by Region from 2020 to 2025 (USD Million)
  20. North America Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  21. North America Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  22. North America Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  23. North America Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  24. USA Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  25. USA Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  26. USA Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  27. USA Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  28. Canada Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  29. Canada Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  30. Canada Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  31. Canada Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  32. Europe Diabetes Care Devices Market by Region from 2020 to 2025 (USD Million)
  33. Europe Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  34. Europe Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  35. Europe Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  36. Europe Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  37. Germany Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  38. Germany Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  39. Germany Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  40. Germany Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  41. United Kingdom Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  42. United Kingdom Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  43. United Kingdom Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  44. United Kingdom Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  45. France Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  46. France Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  47. France Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  48. France Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  49. Spain Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  50. Spain Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  51. Spain Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  52. Spain Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  53. Russia Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  54. Russia Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  55. Russia Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  56. Russia Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  57. Italy Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  58. Italy Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  59. Italy Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  60. Italy Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  61. Switzerland Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  62. Switzerland Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  63. Switzerland Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  64. Switzerland Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  65. Asia-Pacific Diabetes Care Devices Market by Region from 2020 to 2025 (USD Million)
  66. Asia-Pacific Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  67. Asia-Pacific Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  68. Asia-Pacific Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  69. Asia-Pacific Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  70. China Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  71. China Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  72. China Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  73. China Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  74. India Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  75. India Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  76. India Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  77. India Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  78. Japan Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  79. Japan Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  80. Japan Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  81. Japan Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  82. South Korea Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  83. South Korea Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  84. South Korea Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  85. South Korea Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  86. Latin America Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  87. Latin America Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  88. Latin America Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  89. Latin America Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  90. Latin America Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  91. Brazil Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  92. Brazil Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  93. Brazil Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  94. Brazil Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  95. Mexico Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  96. Mexico Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  97. Mexico Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  98. Mexico Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  99. Rest of Latin America Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  100. Rest of Latin America Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  101. Rest of Latin America Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  102. Rest of Latin America Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  103. Middle-East & Africa Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  104. Middle-East & Africa Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  105. Middle-East & Africa Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  106. Middle-East & Africa Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  107. Middle-East Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  108. Middle-East Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  109. Middle-East Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  110. Middle-East Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)
  111. Africa Diabetes Care Devices Market by Type from 2020 to 2025 (USD Million)
  112. Africa Glucose Monitoring Devices Market by Type from 2020 to 2025 (USD Million)
  113. Africa Self Monitoring Blood Glucose (SMBG) Market by Type from 2020 to 2025 (USD Million)
  114. Africa Insulin Delivery Devices Market by Type from 2020 to 2025 (USD Million)

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