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(Medical-NewsWire.com, July 14, 2017 ) According to the report Global Diabetes Care Devices Market, published by Market Data Forecast, the global market is projected to reach USD 22.80 Billion by 2021, at a CAGR of 5.73% from 2016 to 2021.
Diabetes is a group of metabolic disorders, chronic condition which is associated with abnormally high level of sugar (glucose) in the blood. The diabetes patient pool is expected to reach 380 million by 2025 because of drastic rise in population, sedentary lifestyle, unhealthy dietary patterns etc. The diabetes care devices offer solution to diabetes patients to manage glucose in blood.
Diabetes is a metabolic disorder that affects your pancreas ability to produce or use insulin. Insulin is a hormone secret by the beta cell of the islet of Langerhans of the pancreas. When your body turns the food which u eat into energy molecule glucose. In response to glucose, body secretes insulin, which helps to transport glucose/energy to the cells. Insulin acts as a key to remaining energetic. It is a chemical message that tells the cell to open and receive glucose. If the body produces little or no insulin or are insulin resistant, too much sugar remains in your blood. Blood glucose levels are higher than normal for individuals. This results in diabetes. There are two main types of diabetes: Type 1 and Type 2. Type 1 is also known as insulin dependent diabetes mellitus whereas type 2 is known as noninsulin dependent diabetes mellitus.
Get a comprehensive overview of the Global Diabetes Care Devices Market: http://www.marketdataforecast.com/market-reports/global-diabetes-care-devices-market-96/
Global Diabetes Care Devices Market: Drivers & Restraints
The market driven by factors like increasing pool of patients suffering from diabetes, more investments in R&D resulting in technological innovations, diabetes diagnosis and treatments with minimally to noninvasive techniques. Furthermore, by increasing awareness, improving diagnosis and treatment rates, a growing need among people for safer, faster and effective methods will lead to increased adoption rates for care devices. However, market is restricted by high cost associated with diagnosis and treatment. Moreover, reimbursement issues and patent expiry are also an issue.
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Global Diabetes Care Devices Market: Segmentation
By Type
Glucose Monitoring Devices
o Self Blood Glucose Monitoring Devices
Glucose Meters
Test strips
Lancets
Hemoglobin A1C testing Kits
o Continous Glucose Monitoring Devices
Insulin Delivery Systems
o Insulin Syringes
o Insulin Pens
o Insulin Pumps
o Jet Injectors
Control Solutions
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at http://www.marketdataforecast.com/market-reports/global-diabetes-care-devices-market-96/customize-report
Global Diabetes Care Devices Market: Overview
According to the International Diabetes Federation, China had the largest number of diabetic patients with around 96.2 million and India had around 66.8 million diabetic patients. As of 2015, approximately 45% of the global diabetic population are from China and India. So many global diabetes care devices companies show interest to invest in these countries. The large share of the insulin pens segment is mainly attributed to the high adoption rate of insulin pens in China and Russia.
Moreover, the increasing adoption of insulin pens and easy availability of recently launched affordable insulin pens in India have further contributed to the growth of this segment. Continuous blood glucose monitoring systems is the fastest-growing subsegment of the blood glucose monitoring devices market. Growth in this segment is mainly attributed to the rising adoption of continuous blood glucose monitoring systems by healthcare professionals to monitor real-time blood glucose levels for better management of diabetes.
Global Diabetes Care Devices Market: Region-wise Outlook
Geographically Global diabetes care devices market has been segmented into North America, Asia-Pacific, Europe, Latin America and Middle-East & Africa. Among these the North America held the largest share in the global diabetes care products market. Europe and Asia-Pacific follows the North Americas way. Especially 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, contributes for the demand for diabetes care devices.
Key Questions Answered
What will be the market growth till 2021 and what will be the resultant market forecast in the year?
What was the market size from 2016 to 2021 ?
What is the current and future Diabetes Care Devices Market outlook in worldwide?
What trends are affecting the Global market?
What is the competitive landscape and market share of major players in the Diabetes Care Devices space in global?
What are the key, high growth markets that Diabetes Care Devices manufacturers should expand into? Which market segments are growing the fastest?
What are the unmet needs with the Diabetes Care Devices currently on the market? How will emerging technologies fulfil these unmet needs?
What is physician perception and market outlook of Diabetes Care Devices?
What are the challenges and barriers that have hindered widespread adoption of Diabetes Care Devices?
Global Diabetes Care Devices Market: Key Players
The market is mainly dominated by Roche Diagnostics with its Accu Chek line of products and followed by different companies like Johnson & Johnson, with its subsidiaries LifeScan, Inc. and Animas Inc. Becton-Dickinson and Novo Nordisk are the two Companies which have been the market leaders in insulin delivery devices market, especially in pens(Insulin) followed by Bayer AG and Abbott Laboratories also has a strong presence in the growing markets for diabetes care devices such as China and India. The other players in the global diabetes care devices market are Ypsomed AG, Medtronic plc, Insulet Inc. Terumo Corporation, Dexcom, Inc. (U.S.), and Tandem Diabetes Care, Inc.
Reasons to buy Global Diabetes Care Devices Market Report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y 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 macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), 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
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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