Analysts at DBMR, influenced by the potential, have published a report on the Diabetes Care Devices Market. As per the report, government support, rising consumption of Diabetes Care Devices , and enhanced purchasing capacity of consumers are characterizing the Diabetes Care Devices Market is expected to grow at a CAGR of xx% over the forecast timeframe 2019-2024.
The diabetes care devices market accounted to USD 25billion in 2016 growing at a CAGR of 8.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Diabetes Care Devices Market - Market Definition:
Diabetes Care device care being frequently used for the diagnosis of blood glucose level in the body due to inadequate insulin production. This offers diabetic patients to monitor blood glucose level efficiently and enhance the treatment of this chronic condition
Global Diabetes Care Devices Market - Market Segmentation:
- By product type the diabetes care devices market is segmented into blood glucose monitoring devices and insulin drug delivery devices. The blood glucose monitoring devices segment is further segmented testing strips, self-monitoring blood glucose meters, lancets, continuous glucose monitors, and others. The Insulin drug delivery devices is further segmented into insulin syringes, insulin pens, insulin pumps, and insulin jet injectors.
- On the basis ofend-users the diabetes care devices market is segmented into hospitals, clinics, home healthcare, ambulatory care, others.
- On the basis of geography, diabetes care devices market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market
Top Market Competitors:
Some of the major players operating in diabetes care devicesmarket areBecton, Dickinson and Company, Roche Diagnostics Ltd, Johnson and Johnson, Bayer AG, Abbott Laboratories, Acon Laboratories, Inc., Ypsomed AG, Novo Nordisk A/S, Medtronic plc, ARKRAY Inc., Terumo Corporation, Dexcom, Inc., among others.
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Global Diabetes Care Devices Market - Major Market Drivers and Restraints:
- Increasing international research collaborations
- Increasing patient pool suffering from diabetes
- Government Initiatives to better healthcare
- Technological developments
- Growing need for faster, safer and effective method of diagnosis and treatment of diabetes
- Reimbursement issues
Some of the key questions answered in this report:
- Detailed Overview of Diabetes Care Devices Market helps deliver clients and businesses making strategies.
- Influential factors that are thriving demand and constraints in the market.
- What is the market concentration? Is it fragmented or highly concentrated?
- What trends, challenges and barriers will impact the development and sizing of Diabetes Care Devices Market?
- SWOT Analysis of each key players mentioned along with its company profile with the help of Porter’s five forces tool mechanism to compliment the same.
- What growth momentum or acceleration market carries during the forecast period?
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