Diabetes is rising at an alarming rate in the United States. Diabetes referred to as diabetes mellitus, is a group of metabolic diseases in which a person suffers from high blood glucose. If diabetes not appropriately monitored, then it can be fatal and cause serious health complications such as kidney diseases, heart diseases, amputation, stroke and blindness. Between the year 2000 and 2019, the number of people living with diabetes tripled and the number of new cases annually (incidence) doubled in the United States. The United States represents the third-largest diabetes patient pool owing to the increasing geriatric population and rising obesity levels in 2018. United States Diabetes Market is expected to reach USD 23.29 Billion by the year 2025.
The use of continuous glucose monitoring systems and continuous subcutaneous insulin infusion has gained full acceptance in diabetes care. These devices have demonstrated to be clinically valuable, reducing risks of hypoglycemia and improving glycemic control in ambulatory patients with type 1 diabetes & type 2 diabetes. Because of this tremendous improvement in the number of patients, especially that requiring insulin therapy, the cost of healthcare-related to diabetes and its complications is ever increasing. The market of Insulin Pen, Insulin Pump, Continuous Glucose Monitoring (CGM) Device and Self Monitoring Blood Glucose Device are growing due to the rise in numbers of diabetic patients in the United States.
The increasing diabetes prevalence has led the U.S. Government to launch diabetes to raise awareness and prevention programs about its symptoms and encourage healthier lifestyle behavior amongst the citizens. In 2019, Abbott Laboratories planned to ramp up manufacturing capacity for its lower-cost continuous glucose monitor (CGM) device in the next few years, targeting to reach millions of more patients worldwide, According to Reuters. In March 2018, Sanofi-aventis U.S. LLC received approval from the U.S. Food and Drug Administration for Toujeo Max SoloStar.
Renub Research report titled “United States Diabetes Market & Forecast, By Continuous Glucose Monitoring (CGM Market by Components, Glucose Sensor, Transmitter, CGM User, Reimbursement), Self Monitoring Blood Glucose Device Analysis (SMBG Market by, Test Strips, Lancet, Meter, Blood Glucose Device Users & Reimbursement) Insulin Pen Analysis – (User, Types – Disposable, Reusable and Smart Insulin Pen, Insulin Pen Needle Market, Reimbursement Policies), Insulin Pump Market, (Differentiation Points of Insulin Pump Products, Training Model for Patients & HCP, USA (By States) – Diabetes Supplies, Insulin Pump & Pump Supplies Reimbursement Policies by State-Sponsored Health Program) Companies (B. Braun Melsungen AG, Eli Lilly and Company, Artsana S.p.A, BD, Novo Nordisk A/S, Owen Mumford Ltd, Ypsomed AG, Medtronic, Insulet Corporation, LifeScan Inc., Abbott Laboratories)" provides a complete analysis of United States Insulin Delivery Devices Market.
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Key Benefits of the Report
• This report provides current market estimates and forecasts for the United States Diabetic Market.
• Detailed analysis of the key market segments such as source, geography and applications; provides a comprehensive understanding of the market.
• United States Diabetic Market – Growth Drivers and Challenges.
• Key sustainability strategies adopted by market players.
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In the US, people with diabetes have health care cost more than that of the people who don’t have such disease.In the United States, approximately 67.3% of the cost for diabetes care is provided by government insurance say Medicaid, Medicare, and the military and at the same time rest is paid for by private insurance 30.7% or by the uninsured 2% according to ADA.
In the recent years, US government spends US$150 million in diabetes research at National Institute of Health most commonly called NIH.The driving force towards this market growth are Rising Diabetes Mellitus in an Aging Population, Rising prevalence of diabetes in various age groups, Rising Government Funding for Diabetes Management, Benefits of Insulin Pump over Multiple Daily Injection, Lifestyle-Compatible Treatment Options and Technological Advancement in Insulin Pump.However, there are few challenges also associated with diabetes industry such as Technological advancements in insulin infusion devices, Blood Glucose Meter Accuracy Problem, Low Compliance of Glucose Monitoring & Inadequate Reimbursement for SMBG Supplies, Safety Issues in Insulin Pump Devices, and Difficulties Associated with the Pump Adherence.Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=united-states-diabetes-market-p.phpSegment Market breakup based on Devices from 4 viewpoints• Continuous Glucose Monitoring (CGM)• Self Monitoring Blood Glucose (SMBG)• Insulin Pen• Insulin Pump1.
Continuous Glucose Monitoring (CGM) - Sub-Segment Market breakup from 4 viewpoints1.
USA (By States) – Diabetes Supplies3.
We provide a wide range of business research solutions that helps companies in making better business decisions.
We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
The Global Insulin Pump Market size is expected to reach a valuation of 8,520.9 million USD with exhibiting a CAGR of 8.4% from 2017 to 2023 (forecast period).
Insulin pumps are computerized devices which have a similar functioning to human pancreas and deliver small doses of insulin during or after meal consumption.
Increasing focus on diabetes management is projected to push the sales of insulin pumps.
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Top players in the global insulin pump market include
Although new development of products is the primary strategy of these players, the exit of prominent names such as Johnson & Johnson leaves room for innovation and entry for new investors.
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