Diabetic Devices Market is expected to be $35 billion by 2025 | Crystal Market research

Diabetic Devices Market is innovation driven and majority of companies are focusing on innovation to develop user friendly devices which will further boost the growth of the market. However, high cost of production, availability of economical alternate treatments, low awareness about diabetes and its prevention, can hamper the market growth.

Top Key Vendors:Some of the major players in the market are Novo Nordisk A/S, Bayer Healthcare AG, Johnson & Johnson, Abbott Laboratories, Inc., F. Hoffmann La-Roche Ltd., Becton Dickinson and Company, Medtronic, Inc., and Sanofi.

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Diabetes Devices Market Segmentation

By Product:Monitoring and Diagnostic Devices
Continuous Glucose Monitors
Analog Glucose Meters
Lancets
Glucose Test Strips
Insulin Delivery Devices
Insulin Pens
Insulin Injections
Insulin Syringes
Insulin Pump

Regional Segment Insights:North America dominates the global market with highest share market in 2016. This is because of presence of large targeted population with high adoption of technologically advanced products. It will continue to maintain its leading position during the forecast period, due to rising adoption of home monitoring devices and developed healthcare infrastructure.

Asia-Pacific is expected to grow at the highest CAGR during the forecast period, due to high diabetic population and increase in disposable income of the people. Latin America is expected to be second fastest growing market because of developing economies such as Argentina and Brazil. With increase in awareness about diabetes and its treatment, increase in healthcare expenditures and various governments’ initiative will further boost the market growth.

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Industry Trend Analysis:Diabetes devices market is expected to be around $35 billion by 2025. This market has witnessed enormous growth in the past few years and is driven by increasing prevalence of diabetes, growing research on diabetes, low diagnosis rate, various government initiatives and international collaborations for diabetic research. Diabetes is fourth leading cause of death among people. As per World Health Organization (WHO), in 2014, around 422 million people were living with diabetes across the globe as compared to 108 million in 1980. This prevalence has almost double since 1980, growing from 4.7% to 8.5% in the adult population. Therefore, increasing incidence of diabetes due to changes in sedentary lifestyle is the major factor contributing to the market growth.Advancement in technology and easy availability of wide range of user friendly devices has further enhanced the growth of this market.

Table of Contents:1. Introduction
2. Executive Summary
3. Market Overview
4. Diabetes Devices Market, By Product
5. Diabetes Devices Market, By Region
6. Company Profiles
6.1. Abbott Laboratories, Inc.
6.2. Bayer Healthcare AG
6.3. Johnson & Johnson
6.4. F. Hoffmann La-Roche Ltd.
...

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Insulin delivery devices are those devices which are used to deliver insulin with devices such as insulin syringe, insulin pen, and insulin pump. The market share of insulin syringe will decrease whereas demand for insulin pen and insulin pump will substantially increase in next five years. This can be attributed to the regulatory framework to minimize needle related injuries, increased utilization of engineered devices, and patients looking for easy methods for insulin delivery in the body.

List of Tables:Table 1.Global Diabetes Devices Market, By Product ($Million), 2016-2025
Table 2.Monitoring and Diagnostic Devices Market, By Type ($Million), 2016-2025
Table 3.Monitoring and Diagnostic Devices Market, By Region ($Million), 2016-2025
Table 4.Lancets Market, By Region ($Million), 2016-2025
Table 5.Analog Glucose Meter Market, By Region ($Million), 2016-2025

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