Diabetes Devices Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027

Published Date : Jun 2020 | No. of Pages : 200 Pages | Category : Healthcare

According to Vision Research Reports, the global diabetes devices market was valued at US$ 42.8 Bn in 2019 and is projected to expand at a CAGR of 6.6% from 2020 to 2027. The global diabetes devices market size is expected to reach of around US$ 74.2 billion by 2027.

The report provides revenue of the global diabetes devices market for the period 2016–2027, considering 2019 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global diabetes devices market during the forecast period.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global diabetes devices market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global diabetes devices market.

The report delves into the competitive landscape of the global diabetes devices market. Key players operating in the global diabetes devices market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global diabetes devices market that have been profiled in this report.

Competitive Landscape

  • The global diabetes devices market is fragmented in terms of number of players. Key players in the global market include Medtronic, Novo Nordisk A/S, Sanofi, Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Becton, Dickinson and Company, Tandem Diabetes Care, Inc., Abbott Laboratories, Cellnovo, Insulet Corporation, LifeScan, Inc., Owen Mumford Ltd., among others

Key Developments

Key players in the global diabetes devices market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global diabetes devices market. A few expansion strategies adopted by players operating in the global diabetes devices market are:

  • In January 2020, Tandem Diabetes Care Inc. launched slim X2 insulin pump with Control-IQ technology. The device comes with an advanced hybrid-closed loop feature designed to help increase time in range (70-180 mg/dL).
  • In May 2019, Roche Diabetes Care India launched Accu-Chek, a blood glucose monitoring system, and “mySugr” app aimed at betterment of people with diabetes.
  • In June 2017, Medtronic the company launched MiniMed 670G system. It is based on Hybrid Closed Loop system for people with type 1 diabetes.
  • In April 2017, Cellnova delivers first commercial batch of insulin cartridges with manufacturing partner, flex.

The global diabetes devices market has been segmented as follows:

  • Global Diabetes Devices Market, by Product Type
    • Glucose Monitoring Devices
      • Self- monitoring blood glucose meters
      • Blood glucose testing strips
      • Lancets
      • Continuous glucose monitoring meters
    • Insulin Delivery Devices
      • Insulin syringes
      • Insulin pens
      • Insulin pumps
    • Diabetes Management Software
    • Artificial Pancreas System
  • Global Diabetes Devices Market, by Distribution Channel
    • Hospital Pharmacies
    • Retail Pharmacies
    • Online Pharmacies
    • Diabetes Clinics/Centers
  • Global Diabetes Devices Market, by Region
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific          
      • China
      • India
      • Japan
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Rest of Middle East & Africa

Key Questions Answered in Global Diabetes Devices Market Report

  • What is the scope of growth of product companies in the global diabetes devices market?
  • What will be the Y-o-Y growth of the global diabetes devices market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the global diabetes devices market?
  • Will North America continue to be the most profitable market for diabetes device providers?
  • Which factors are anticipated to hamper the growth of the global diabetes devices market during the forecast period?
  • Which are the leading companies in the global diabetes devices market?

Research Methodology

A unique research methodology has been utilized by VRR to conduct comprehensive research on the growth of the global diabetes devices market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary methods referred to by analysts during the production of the global diabetes devices market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of VRR’s study on the diabetes devices market as primary methods.

These primary and secondary methods have provided exclusive information during interviews, which serves as a validation from the diabetes devices market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global diabetes devices market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching VRR’s estimates on future prospects of the global diabetes devices market more reliably and accurately.


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