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Latin American Diabetes Devices Market Research Report – Segmented By Device Type & By Country (Brazil, Argentina, Chile & Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, Forecast (2022 to 2027)

Published: January, 2022
ID: 84
Pages: 145

Latin American Diabetes Devices Market Size (2022 to 2027)

The size of the Latin American Diabetes Devices Market has been estimated at USD 2.00 billion in 2022 and is projected to reach USD 2.74 billion by 2027, at a CAGR of 6.47% during the forecast period from 2022 to 2027. Diabetes is a group of metabolic disorders, a chronic conditions which is associated with an abnormally high level of sugar (glucose) in the blood. Latin America currently witnesses 29.6 million people affected with Diabetes which is going to reach 48.8 million by 2040.

In Latin America, the market is mainly driven by increasing R & D in the field of Diabetes along with increasing awareness about disease care. But still, there is a class of people with low medical literacy rates due to which the market growth is constrained. The high cost of medical devices is also restricting the market in Latin America. Chronic problems have alarmingly increased direct costs (medical care) and indirect costs (temporary disability, permanent disability, and premature mortality). If more resources are not assigned to preventive medicine, these trends, in addition to not meeting the needs of the population, will financially collapse health systems and the patients’ pockets.

This research report on the Latin America Diabetes Devices Market has been segmented and sub-segmented into the following categories:

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

By Country: 

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

Geographically, Brazil was the highest contributor to this regional market in 2020. Effective strategies for universal coverage, with changes in the model of care and more resources allocated to the detection and prevention of chronic illness, can come up with health care reforms. This will help the patients in this region to purchase medical devices without any trouble. Also, the companies involved in the manufacturing of Diabetes Care Devices should make sure that the technology that is involved in the device is feasible, in order for the product to get sold in the market. With customized design and feasible products, there is a lot of scope for the companies in the Latin American market.

Key companies playing a crucial role in the Latin America Diabetes Devices Market profiled in this report are Roche Diagnostics, Johnson & Johnson, Abbott Laboratories, Novo Nordisk, Ascensia, Tandem, and Terumo.

  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 Continuous 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 Introduction                                               

                                6.2 Brazil                                             

                                6.3 Mexico                                         

                                6.4 Rest of Latin America                                             

  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
  1. Latin America Diabetes Care Devices Market, By Type from 2022 - 2027 (USD Million)
  2. Latin America Glucose Monitoring Devices Market, By Region from 2022 - 2027 (USD Million)
  3. Latin America Glucose Monitoring Devices Market, By Type from 2022 - 2027 (USD Million)
  4. Latin America Self Monitoring Blood Glucose (SMBG) Market, By Region from 2022 - 2027 (USD Million)
  5. Latin America Continuous Glucose Monitoring (CGM) Devices Market, By Region from 2022 - 2027 (USD Million)
  6. Latin America Self Monitoring Blood Glucose (SMBG) Market, By Type from 2022 - 2027 (USD Million)
  7. Latin America Glucose Meters Market, By Region from 2022 - 2027 (USD Million)
  8. Latin America Testing Strips Market, By Region from 2022 - 2027 (USD Million)
  9. Latin America Lancets Market, By Region from 2022 - 2027 (USD Million)
  10. Latin America Haemoglobin A1C Testing Kits Market, By Region from 2022 - 2027 (USD Million)
  11. Latin America Insulin Delivery Devices Market, By Region from 2022 - 2027 (USD Million)
  12. Latin America Insulin Delivery Devices Market, By Type from 2022 - 2027 (USD Million)
  13. Latin America Insulin Syringes Market, By Region from 2022 - 2027 (USD Million)
  14. Latin America Insulin Pumps Market, By Region from 2022 - 2027 (USD Million)
  15. Latin America Insulin Pens Market, By Region from 2022 - 2027 (USD Million)
  16. Latin America Insulin Jet Injectors Market, By Region from 2022 - 2027 (USD Million)
  17. Latin America Control Solutions Market, By Region from 2022 - 2027 (USD Million)
  18. Latin America Diabetes Care Devices Market, By Region from 2022 - 2027 (USD Million)
  19. Latin America Glucose Monitoring Devices Market, By Type from 2022 - 2027 (USD Million)
  20. Latin America Diabetes Care Devices Market, By Type from 2022 - 2027 (USD Million)
  21. Latin America Glucose Monitoring Devices Market, By Type from 2022 - 2027 (USD Million)
  22. Latin America Self Monitoring Blood Glucose (SMBG) Market, By Type from 2022 - 2027 (USD Million)
  23. Latin America Insulin Delivery Devices Market, By Type from 2022 - 2027 (USD Million)
  24. Brazil Diabetes Care Devices Market, By Type from 2022 - 2027 (USD Million)
  25. Brazil Glucose Monitoring Devices Market, By Type from 2022 - 2027 (USD Million)
  26. Brazil Self Monitoring Blood Glucose (SMBG) Market, By Type from 2022 - 2027 (USD Million)
  27. Brazil Insulin Delivery Devices Market, By Type from 2022 - 2027 (USD Million)
  28. Mexico Diabetes Care Devices Market, By Type from 2022 - 2027 (USD Million)
  29. Mexico Glucose Monitoring Devices Market, By Type from 2022 - 2027 (USD Million)
  30. Mexico Self Monitoring Blood Glucose (SMBG) Market, By Type from 2022 - 2027 (USD Million)
  31. Mexico Insulin Delivery Devices Market, By Type from 2022 - 2027 (USD Million)
  32. Rest of Latin America Diabetes Care Devices Market, By Type from 2022 - 2027 (USD Million)
  33. Rest of Latin America Glucose Monitoring Devices Market, By Type from 2022 - 2027 (USD Million)
  34. Rest of Latin America Self Monitoring Blood Glucose (SMBG) Market, By Type from 2022 - 2027 (USD Million)
  35. Rest of Latin America Insulin Delivery Devices Market, By Type from 2022 - 2027 (USD Million)

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