Diabetes Care Devices Market to Reach $38.3 Bn, Globally, by 2030 at 6.6% CAGR: Allied Market Research

News provided by

May 12, 2022, 09:00 ET

Increase in the incidence of diabetes and rise in sedentary lifestyle across the globe drive the global diabetes care devices market.

PORTLAND, Ore., May 12, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Diabetes Care Devices Market by By Product (Blood Glucose Monitoring Devices, Insulin Delivery Devices): Global Opportunity Analysis and Industry Forecast, 2020-2030." According to the report, the global diabetes care devices industry was estimated at $20.0 billion in 2020, and is expected to hit $38.3 billion by 2030, registering a CAGR of 6.6% from 2021 to 2030.

Download Sample PDF at: https://www.alliedmarketresearch.com/request-sample/2842

Drivers, restraints, and opportunities-

Increase in the incidence of diabetes and rise in sedentary lifestyle across the globe drive the global diabetes care devices market. On the other hand, adverse effects associated with some of the diabetes care devices restrain the growth to some extent. However, surge in awareness about diabetes monitoring devices is anticipated to create lucrative opportunities in the industry.

Covid-19 scenario-

Diabetic people call for constant access to insulin along with top-graded care. Therefore, growing adoption of insulin pens and continuous glucose monitoring expedients gave way to increased demand for optimal management of the disease. This factor impacted the growth of the global diabetes care devices market positively.
This trend is most likely to persist post pandemic as well.

Specific Requirement on COVID-19? Ask to Our Industry Expert: https://www.alliedmarketresearch.com/purchase-enquiry/2842

The insulin delivery devices segment to retain the lion's share-

By product, the insulin delivery devices segment contributed to the lion's share in 2020, holding nearly three-fifths of the global diabetes care devices market. This is attributed to surge in the prevalence of diabetes across the globe. However, the blood glucose monitoring devices segment is projected to manifest the fastest CAGR of 7.2% from 2021 to 2030, owing to increase in adoption of diabetes care devices among the geriatric population.

North America garnered the major share in 2020-

By region, North America dominated in 2020, garnering around two-fifths of the global diabetes care devices market. Increase in the aging population and upsurge in product launches across North America fuels the market growth. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 7.6% throughout the forecast period, due to rise in healthcare expenditure and increase in adoption of novel diabetes care devices in the province.

Key players in the industry-

ACON Laboratories, Inc.
Ascension Diabetes Care Holdings AG
Becton, Dickinson and Company
F. Hoffmann-La Roche Ltd.
Abbott Laboratories
Medline Industries
Novo Nordisk A/S
Terumo Corporation
Johnson & Johnson
Nipro corporation

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Request for 14 days free trial: https://www.alliedmarketresearch.com/avenue/trial/starter

"We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market."

Trending Reports in Healthcare Industry (Book Now with 10% Discount):

Medical Cannabis Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Oncology/Cancer Drugs Market - Global Opportunity Analysis and Industry Forecast, 2020-2028

Workplace Stress Management Market - Global Opportunity Analysis and Industry Forecast, 2020-2028

HIV Drugs Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Disposable Gloves Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Equine Healthcare Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Digital Therapeutics Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Sleep Aids Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Surgical Robotics Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Medical Spa Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/life-sciences
Follow Us on LinkedIn: https://www.linkedin.com/showcase/life-sciences-industry-research/