The global Diabetes Devices Market was valued at $21.60Billion in 2018 and is forecast to grow at a modest8.2 % CAGR between 2018 and 2025, culminating in 2026 global sales of $28.04 Billion.
Global Diabetes Devices is a Medical devices which used to measure the glucose concentration in the human blood. It is designed to help diabetes patient to know their blood glucose levels so that they can take some advance safety step. This device is measure by interstitial fluid between the cell under the body skin. Demand for diabetes devices in the market is increasing the growth of population and Improper Diet also plays a major role in the diabetes segment. Their unhealthy lifestyle, obesity, and food habits, age is creating diabetes. According to the World Health Organization, more than 2.0 billion people are overweight, and they are living a different lifestyle. Most of the agencies developed differently typed of technology device to treatment and control the diabetes disease. Many companies trying to develop a user-friendly and minimally invasive device to fulfill the demand in the market.
“Optimal Price Point (OPP) for Global Diabetes Devices”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Global Diabetes Device materials are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Global Diabetes Devices Market by “key Device Categories”
We have segmented the Global Diabetes Devices based on Key Device categories as Self-monitoring & Diagnostic Devices (Lancets, Analog Glucose Meter, Continuous Glucose Monitor & Test Strips).
We have observed that the significant growth of Diabetes device followed by Test strips has the largest share of the global market which expected to be the fastest growing Device over the forecast period. Test strips device having market demand because of quick, accurate and user-friendly response.
Global Diabetes Devices Market by “Delivery Type”
We have segmented the Global Diabetes Devices market based on Delivery are Syringes, Pumps, Pens, Injectors.
We also observed that the rapid growth of Diabetes Devices followed by Insulin Pens which dominates the market because of patient adherence and satisfaction and also Ability to deliver highly accurate doses with fine-tuning. This is expecting to grow by shares during the forecast period.
China and India accounted for the maximum revenue share of over xx% in 2018 due to increased demand of Global Diabetes Device materials followed by EU- Top 5 countries contribute $X.6 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The rapid growth of test strips and availability of Global Diabetes Device option like Insulin pens create an impact in developing countries for the demand for quick, accurate and user-friendly system.
“Competitive Landscape” and “Merger & Acquisition Insights”
The key market participants include Medtronic PLC, Sanofi S.A., Bayer Healthcare AG, Becton, Dickinson and Company, Novo Nordisk A/S, Abbott Laboratories, F. Hoffman-La Roche AG, and Johnson & Johnson are few major players in Global Diabetes Device markets. The Global Diabetes Device market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Global Diabetes Devices Market key device (Revenue, Million, 2018 – 2026)
- Diagnostic Devices
Global Diabetes Devices Market by Delivery Type (Revenue, Million, 2018 – 2026)
Global Diabetes Devices Market Regional Outlook (Revenue, USD Million, 2018-2026)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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