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Global Diabetes Care Devices Market

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Global Diabetes Care Devices Market has been estimated at USD 19.29 Billion in 2018 and is projected to reach USD 25.49 Billion by 2023, at a CAGR of 5.73% during the forecast period from 2018 to 2023.Diabetes is a group of metabolic disorders, chro
Diabetes diagnosis and treatments with minimally noninvasive techniques are promoting the
growth of Global Diabetes Care Devices Market
Overview
Diabetes is a metabolic disorder characterized by the way of presence of hyperglycemia (an
excess of glucose in the bloodstream) because of defective insulin secretion or movement.
Diabetes care devices are tools used to manipulate blood glucose levels. These devices are
predominantly used in hospitals through physicians or surgeons (professional). But, because of
the development of self-tracking devices, they're used by patients at home as well.
Globally, diabetes is still the fourth leading motive of death by using an ailment. According to
the worldwide Diabetes Federation, 7 million people are brought each year to the pool of 246
million diabetics. 3.8 million Human beings die each year from diabetes and even more, people
die of different persistent diseases as a result of diabetes.
Diabetes affected person pool is expected to attain 380 million by means of 2025 due to drastic
rise in populace, sedentary lifestyle, unhealthy nutritional styles and so on.
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The worldwide Diabetes Care devices market has been estimated at USD 17.26 Billion in 2015
and is projected to attain USD 22.80 Billion with the aid of 2020, at a CAGR of 5.73% at some
point of the forecast period from 2015 to 2020.
Drivers and Restraints:
The predominant factor that contributes to the increase of the market consists of the growth in
occurrence price of diabetes resulting from rapid urbanization and sedentary way of life.
Furthermore, technological improvements in the subject of diabetes gadgets, rise in overweight
population, consumption of junk meals, and surge in need for quicker and more secure analysis
and treatment of diabetes similarly improve the marketplace increase. However, there have
been some issues with regarding to the accuracy of some blood glucose tracking devices.
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Geographic Segmentation
North America held the most important proportion of the worldwide diabetes care products
market. Europe and Asia-Pacific follow North America's manner. Particularly the Asia-Pacific
vicinity offers sizable possibilities for the diabetes care in which China (1.3 billion) and India (1.2
billion) being the maximum populous nations in this region, contributes for the demand for
diabetes care devices. According to the International Diabetes Federation, China had the largest
range of diabetic sufferers with round 96.2 million and India had around 66.8 million diabetic
patients. As of 2015, approximately 45% of the global diabetic populations are from China and
India. Hence a lot of global diabetes care gadgets organizations are displaying more interest to
invest in these international locations, by partnering with local suppliers.
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The main players in the market include Johnson & Johnson, with its subsidiaries LifeScan, Inc.
and Animas Inc. Becton-Dickinson and Novo Nordisk, Ypsomed AG, Medtronic plc, Insulet Inc.
Terumo Corporation, Dexcom, Inc. (U.S.), and Tandem Diabetes Care, Inc.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of
market potential and forecasts with utmost granularity. Along this, the factors influential in
effecting the market dynamics and trends are discussed in detail at the product level. Further,
the performance of the market at the regional and country-level is assessed and the prospects
with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance,
market position and growth strategies. Comparative analysis on prime strategical activities of
the market players delineating the key developments like mergers & acquisitions,
collaborations and an evaluation of the competitive environment within the industry are
provided. The report also offers a broad outlook of the market along with recommendations
from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and
experience in designing custom reports to meet your specific research needs and assist you in
making well-informed decisions.
Contact Info:
Name: Mr. Abhishek Shukla
Email: [email protected]
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Author
Bhargav
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Business and Leadership
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market, Diabetes Care Devices
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