[168 Pages Report] The Global Diabetes Care Devices Market size is projected to reach USD 4.3 billion by 2025 from USD 1.7 billion in 2020, at a CAGR of 16.2% during the forecast period.
Factors such as the increasing diabetic population, the rising awareness of diabetes treatment and management, and favorable national health strategies are expected to drive the growth of the diabetes care devices (BRIC) market.
Recent Developments:
- In February 2020, Abbott (US) received US FDA approval for the use of FreeStyle Libre 14-day Flash glucose monitoring systems in hospitals.
- In February 2020, Insulet signed a commercialization agreement with DexCom, Inc. (US) to allow its current and future CGM systems to connect to the former’s tubeless insulin pump system, OMNIPOD Horizon system.
- In April 2020, Ypsomed (Switzerland) entered into a partnership with DexCom, Inc. (US) to integrate its mylife YpsoPump data with DexCom’s G6 CGM sensors to form a hybrid closed-loop system.
- In January 2020, LifeScan (US) entered into a partnership agreement with DKSH to provide marketing, sales, regulatory services, as well as distribution and logistics for the sales of LifeScan products in the Philippines, Vietnam, Malaysia, Indonesia, Thailand, Hong Kong, and Taiwan.
Browse 64 market data Tables and 42 Figures spread through 168 Pages and in-depth TOC - Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=375
Market Segmentation in Depth:
Based on type, the diabetes care devices market has been segmented into blood glucose monitoring systems, insulin delivery devices, and diabetes management mobile applications. Under the blood glucose monitoring systems segment, the test strips segment is estimated to account for the largest share in 2020. The dominance of this segment can be attributed to the frequent requirement of test strips in blood glucose monitoring systems.
Based on end user, the diabetes care devices (BRIC) market has been segmented into hospitals & specialty clinics and self/home healthcare. The self/home healthcare segment is estimated to hold the largest share in 2020. This segment is also projected to grow at the highest CAGR during the forecast period. The rapid growth of the segment is attributed to the increasing awareness of diabetes self-monitoring and management, increasing recommendations from physicians for home healthcare for diabetes, and the increasing utility of home-based diabetes care devices to provide real-time insights regarding the condition due to the technological advancements of these systems.
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Geographical Regions Mapped in Report:
China is projected to hold the largest share in the diabetes care devices (BRIC) market during the forecast period. This can be attributed to the sharp increase in diabetes in the country, favorable national health strategies, and government-led endorsements of medical device companies.
Major Key Players Mentioned in the research report are:
The prominent players in the diabetes care devices (BRIC) market include Medtronic plc (Ireland), B. Braun (Germany), DexCom, Inc. (US), Abbott (US), F. Hoffman-La Roche Ltd. (Switzerland), Ascensia Diabetes Care Holdings AS (Switzerland), LifeScan (US), AgaMatrix Holdings LLC (US), Acon Laboratories, Inc. (US), ARKRAY USA, Inc. (US), Novo Nordisk A/S (Denmark), Becton, Dickinson and Company (US).
According to the new market research report “Diabetes Care Devices (BRIC) Market by Type (SMBG, CGMS, Lancets, Insulin Pumps, Insulin Pens, Insulin Syringes, Mobile Apps), Patient Care Settings (Hospitals & Specialty Clinics, Self & Home Care), and Country (Brazil, Russia, India, China) – Forecast to 2025” published by MarketsandMarkets™.Revenue Growth Opportunities and Growth Drivers?The Global Diabetes Care Devices Market size is projected to reach USD 4.3 billion by 2025 from USD 1.7 billion in 2020, at a CAGR of 16.2% during the forecast period.Growth Boosting Factors:Sharp increase in diabetes in the past decadeFavorable national health strategiesGovernment-LED endorsement of the medical device industrySignificant advancements and leveraging of artificial intelligence and big dataDiabetes awareness campaigns and screening campsAsk for Free Research Sample Pages:https://www.marketsandmarkets.com/requestsampleNew.asp?id=375 Diabetes Care Devices MarketLeading Key Players in the Worldwide Industry:The prominent players in the diabetes care devices market include Medtronic plc (Ireland), B. Braun (Germany), DexCom, Inc. (US), Abbott (US), F. Hoffman-La Roche Ltd. (Switzerland), Ascensia Diabetes Care Holdings AS (Switzerland), LifeScan (US), AgaMatrix Holdings LLC (US), Acon Laboratories, Inc. (US), ARKRAY USA, Inc. (US), Novo Nordisk A/S (Denmark), Becton, Dickinson and Company (US), Sanofi (France), Terumo Corporation (Japan), SD Biosensor, Inc. (South Korea), MicroGene Diagnostic Systems Pvt.
Ltd. (India), Ypsomed (Switzerland), Dr. Morepen (India), Sinocare, Inc. (China), Bionime Corporation (Taiwan), and Rossmax International Ltd. (Taiwan).Geographical Regions Mapped in Report:China held the largest share in the diabetes care devices (BRIC) market in 2019.
This dominance is due to the high population of diabetics in the country and increasing government funding for diabetes management and the diabetes care devices industry.
India is expected to register the fastest growth during the forecast period, primarily due to opportunities presented by the country, especially in terms of the growing usage of mHealth (mobile health), which supports the diabetes management mobile applications segment.Ask for Free PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=375Market Segmentation in Detailed:Based on type, the diabetes care devices market has been segmented into blood glucose monitoring systems, insulin delivery devices, and diabetes management mobile applications.
Under the blood glucose monitoring systems segment, the test strips segment is estimated to account for the largest share in 2020.
The dominance of this segment can be attributed to the frequent requirement of test strips in blood glucose monitoring systems.Based on end user, the diabetes care devices (BRIC) market has been segmented into hospitals & specialty clinics and self/home healthcare.
A health-based initiative of the only national barber in the country.
Dr. Bill Releford is also known for many treatments related to neuropathy, diabetes, etc.
He is recognized domestically and internationally as a leader in the field of diabetes organ protection and wound care.
Also, every time they want to get their diagnosis report, they have to waste their money.With the rise of machine learning approaches, we have the potential to find a solution to this problem and have developed a system using data mining that has the potential to tell whether a patient has diabetes.
Furthermore, the preoperative tingling of the disease leads to the treatment of patients.
These results are validated using the receiver sensitively operating characteristic curves.The developed ensemble method uses the votes given by other algorithms to give the final result.
This helps to get a more accurate estimate of the disease.
The results of a significant improvement in the accuracy of the ensemble method are compared with other existing methods.MethodologyThese algorithms do not work alone; we have developed an ensemble method that uses the votes given by other algorithms to give the final result.
The construction process for Naive Bayes is parallel.This can be applied to a large dataset in real-time because it overcomes various limitations, such as ignoring complex iterations of the parameter.
This report aims to provide detailed insights into the global digital diabetes management market.
It provides valuable information on the type, procedure, application, and region in the market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144725893 Key Factors Driving Market Growth: The major factors driving the growth of this market include the rising prevalence of diabetes, technological advancements, increasing adoption of cloud-based enterprise solutions, and the growing use of connected devices and apps.
By product & service, the devices segment accounted for the largest share of the Digital Diabetes Management Market Based on product & service, the market is divided into devices, apps, data management software & platforms, and services.
The growing demand for wireless and wearable devices for diabetes management, growing acceptance of smart insulin pumps & pens for insulin delivery, technological innovations & digital advancements in devices, and increasing awareness about continuous glucose monitoring in patients are the key factors driving the growth of the devices segment.
Wearable devices segment to witness the highest growth in the digital diabetes management devices market, by type Based on type, the digital diabetes management devices industry is segmented into wearable devices and handheld devices.
Diabetes care devices market is a disorder that cannot produce the insulin produced in the serum in the pancreas.
Increased blood sugar induces untreated diabetes.
Diabetes treatments are used for diabetes diagnosis in particular.
It is used primarily for the analysis for glucose levels in the body.
Diabetes care devices are small in size and also compact.North America diabetes care devices market is registering a substantial CAGR in the forecast period of 2019-2026.
This rise in the market can be attributed to the increases incidence for patients with diabetes and development of the need for a quicker, healthier and effective method of diagnosing and treating diabetes.This North America Diabetes Care Devices Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Cardinal Health industry.
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