The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest diabetes care devices market share.

The global diabetes care devices market is expected to grow from $58.63 billion in 2022 to $62.94 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The diabetes care devices market is expected to grow to $80.06 billion in 2027 at a CAGR of 6.2%.

Major Driver In The Diabetes Care Devices Market ­– Growth In Busy Lifestyles And Changing Consumer Preferences
For example, according to WHO data 2021, more than 95% of diabetics have type 2 diabetes. According to a World Health Organisation (WHO) report, by 2030, 74% of men and 64% of women in the United Kingdom would be overweight. These variables are predicted to increase the number of diabetic patients. According to IDF data 2021, over 537 million adults (20-79 years old) have diabetes. The total number of diabetics is expected to climb to 643 million by 2030 and 783 million by 2045. These factors are anticipated to boost market expansion throughout the forecast period.

View More On The Diabetes Care Devices Market Report 2023 – https://www.thebusinessresearchcompany.com/report/diabetes-care-devices-global-market-report

Key Diabetes Care Devices Market Segments
1) By Type: Blood Glucose Test Strips, Insulin Pens, Syringes, Pumps And Injectors, Lancing Devices And Equipment, Continuous Glucose Monitoring Devices And Equipment, Blood Glucose Meters
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables

Subsegments Covered: Glucose Dehydrogenase, Glucose Oxidase, Pens, Injectors And Pumps, Syringes

Recent Diabetes Care Devices Market Trend – Developing And Commercializing Glucose-Responsive Insulins
Pharmaceutical companies are investing in the development and commercialization of glucose-responsive insulins (GRIs), opening up new avenues for the development of insulin delivery systems. For example, Novo Nordisk, a Danish pharmaceutical corporation, intends to develop GRIs by investing $800 million in the acquisition of UK biotech start-up Ziylo. Companies like as Eli Lilly and Sanofi have also proposed GRI research studies. GRIs are’smart’ insulins that activate or deactivate in response to changes in blood glucose levels. They increase the efficacy of diabetic treatment while decreasing hyperglycemia and hypoglycemia.

Diabetes Care Devices Market Prominent Players
Major players in the diabetes care devices market are Abbott Laboratories, Novo Nordisk, Medtronic Inc., Dexcom, Inc., F. Hoffmann-La Roche Ltd., Becton Dickinson, Insulet, Ypsomed, ConvaTec Group Plc, and B. Braun Group.

Request A Sample Of The Global Diabetes Care Devices Market Report 2023:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3609&type=smp

The Diabetes Care Devices Global Market Report 2023  provides a comprehensive overview on the diabetes care devices market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the diabetes care devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Diabetes care devices are used in diabetic individuals to monitor and control blood glucose levels.

View More Related Reports –
Pet Diabetes Care Devices Global Market Report 2023
Digital Diabetes Management Global Market Report 2023
Pet Diabetes Care Global Market Report 2023

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model