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Diabetes Monitoring Devices Market

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Diabetes, also known as Diabetes Mellitus (DM), is a group of metabolic disorders characterized by high blood sugar levels.
Diabetes Monitoring Devices Market Trends,
Growth And Future Outlook By 2025
Diabetes, also known as Diabetes Mellitus (DM), is a group of metabolic disorders characterized
by high blood sugar levels. The symptoms of high blood sugar include, frequent urination,
increased thirst, and increased hunger. Acute complications in diabetes include, diabetic
ketoacidosis, hyperosmolar hyperglycemic state, or death. Other severe complications include,
cardiovascular disease, stroke, chronic kidney disease, foot ulcers, and damage to the eyes. The
disorder is mainly due to the inability of pancreas to produce enough insulin. Moreover, the
disease causes due to lack of response of cells of the body to the insulin.
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As diabetes is a chronic disease, there is no known cure and keeping blood sugar levels as close
to normal is one of the very few methods in management of the disease. Blood sugar levels can
be monitored and tracked using assistive medical devices known as diabetes monitoring or
blood glucose monitoring devices. These devices are available for patients suffering from both
type I and type II diabetes. High prevalence of diabetes due to changing lifestyle is increasing
demand for diabetes monitoring devices in developed as well as emerging economies, which in
turn is propelling growth of the market.
The global Diabetes Monitoring Devices Market was valued at US$ 15,276.1 million in 2016 and
is expected to witness a robust CAGR of 8.87% over the forecast period (2017 - 2025).
Report includes chapters which deeply display the following deliverable about industry :
• Diabetes Monitoring Devices Market Research Objective and Assumption
• Diabetes Monitoring Devices Market Purview - Report Description, Executive Summary, and
Coherent Opportunity Map (COM)
• Diabetes Monitoring Devices Market Dynamics, Regulations, and Trends Analysis - Market
Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system
Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Diabetes Monitoring Devices Market, By Regions
• Diabetes Monitoring Devices Market Competition by Manufacturers including Production,
Share, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Diabetes Monitoring Devices Market Manufacturers Profiles/Analysis including Company Basic
Information, Manufacturing Base and Its Competitors.
• Diabetes Monitoring Devices Market Manufacturing Cost Analysis including Key Raw Materials
and Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Diabetes Monitoring Devices Market Forecast including Production, Consumption, Import and
Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion
An extensive patient pool serves as a major driving factor for the diabetes monitoring devices
market
Increasing incidence of diabetes across the world is one of the primary factor responsible to
drive growth of the global diabetes monitoring devices market. For instance, according to the
World Health Organization (WHO), 2014, around 8.5% of adults aged 18 and above accounting
for 422 million adults were suffering from diabetes worldwide. Moreover, diabetes was the
cause of 1.6 million deaths in 2015 and high blood glucose levels was the cause of another 2.2
million deaths. According to National Diabetes Statistics Report 2017 published by Centers of
Disease Control and Prevention (CDC), around 9.4% of American population, which includes all
age groups i.e., pediatric, adults and geriatric population accounting for 30.3 million people are
suffering from diabetes whereas 33.9% of the rest population is diagnosed with pre-diabetes.
The prevalence of diabetes is significant among the emerging economies of Asia. According to a
study report published in World Journal of Diabetes 2012, Asian economies contribute to more
than 60% of the diabetic population in the world. The massive prevalence of diabetes is thus
expected to create a demand for monitoring blood glucose devices, which in turn is expected to
foster growth of the global diabetes monitoring devices market.
Advancements in the glucose monitoring devices to boost growth of the global market
Market players are actively investing into research for developing innovative solutions by
integrating units to monitor the insulin levels and maintain the blood glucose levels by
automatically delivering insulin to parts of the body with the help of continuous glucose
monitoring systems. For instance, in September 2017, the U.S. FDA approved first blood sugar
monitor that does not require finger pricks and uses a small sensor that can be attached to the
upper arm for continuous glucose monitoring. Moreover, in February 2018, Medtronic Plc
introduced a next generation continuous glucose monitoring system named iPro 2 Professional to
improve diabetes management in 41 economies around the world.
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The key players operating the global diabetes monitoring devices market include Bayer
Healthcare AG, Medtronic, Dexcom, Sanofi, Abbott Laboratories, MediWise, Arkay, Inc., Cnoga
Medical, and Bigfoot Biomedical.
About Coherent Market Insights
Coherent Market Insights is a prominent market research and consulting firm offering actionready syndicated research reports, custom market analysis, consulting services, and competitive
analysis through various recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.
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Author
Alex Huge
Alex Huge335   documents Email
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