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The diabetes care devices market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 5%, as per The Business Research Company’s market report!

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The Diabetes Care Devices Market Size In 2022 And Forecast

The global diabetes care devices market grew from $52.98 billion in 2021 to $58.37 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The diabetes care devices market is expected to grow to $73.09 billion in 2026 at a CAGR of 5.8%.

The diabetes care devices market consists of sales of diabetes care devices and related services by entities (organizations, sole traders, and partnerships) that produce diabetes care devices used to monitor and control blood glucose levels in diabetic patients.

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Competitive Landscape And The Regional Analysis Of The Diabetes Care Devices Market

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.

Additionally, as per TBRC’s research – North America was the largest region in the diabetes care devices market in 2021 holding the largest market share.

The Diabetes Care Devices Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the diabetes care devices market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa., South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the diabetes care devices market.

Developing And Commercializing Glucose-Responsive Insulins – A Key Trend In The Diabetes Care Devices Market

Pharmaceutical companies are investing in developing and commercializing glucose-responsive insulins (GRIs), providing significant opportunities for the development of new types of insulin delivery devices.

Diabetes Care Devices Market Segmentation By The Business Research Company

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

Here Are Some Reports Related To The Diabetes Care Devices Market –

Digital Diabetes Management Global Market Report 2022

Diabetic Foods Global Market Report 2022

Blood Glucose Meters Global Market Report 2022

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