PUBLISHER: IMARC | PRODUCT CODE: 1347593
PUBLISHER: IMARC | PRODUCT CODE: 1347593
Diabetes Care Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global diabetes care devices market size reached US$ 29.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 47.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7.9% during 2023-2028.
Diabetes care devices refer to equipment used to monitor or determine blood sugar levels. Smart insulin pens, glucometers, ketone, continuous glucose monitors (CGMs), insulin pumps and diabetes management applications are some of the common diabetes care devices. They consist of lancets, glucose sensors, monitors, docking stations, test plugs and test strips that help constantly monitor diabetic conditions. Diabetes care devices are widely used to diagnose and monitor diabetes mellitus, a chronic disorder that affects the amount of glucose absorption in the blood. Consequently, these devices assist in accurately identifying blood sugar levels, determining the effectiveness of diabetes treatment, and lowering the instances of hyperglycemia and hypoglycemia.
Diabetes Care Devices Market Trends:
The growing prevalence of diabetes, especially amongst the steadily rising geriatric population across the globe, is creating a positive outlook for the market. Diabetes care devices are widely adopted to treat and manage symptoms and complications associated with the disorder, such as respiratory issues, kidney and liver failure, and cardiovascular conditions. In line with this, the extensive utilization of glucose monitoring and insulin delivery devices for better care and management of the disease is favoring the market growth. Apart from this, the introduction of smart diabetes devices integrated with artificial intelligence (AI), machine learning (ML) and the Internet of Things (IoT) to enable remote monitoring of the patient's symptoms and biomarkers are providing an impetus to the market growth. Additionally, the increasing demand for self-monitoring of blood glucose (SMBG) that includes information regarding the patient's dynamic blood glucose profile is positively impacting the market growth. The reading further aids in the appropriate scheduling of food, activity, and medication, thus making them a valueable tool in the treatment of diabetes mellitus. Other factors, including extensive research and development (R&D) activities, evolving eating habits and sedentary lifestyles, and the implementation of various government initiatives focusing on providing better health services are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global diabetes care devices market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, distribution channel and end user.
Breakup by Type:
Blood Glucose Monitoring (BGM) Devices
Self-Monitoring Devices
Continuous Glucose Monitoring Devices
Insulin Delivery Devices
Pumps
Pens
Syringes
Jet Injectors
Breakup by Distribution Channel:
Hospital Pharmacies
Retail Pharmacies
Diabetes Clinics/Centers
Online Pharmacies
Others
Breakup by End User:
Hospitals
Homecare
Diagnostic Centers
Ambulatory Surgery Centers
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, ACON Laboratories Inc., Ascensia Diabetes Care Holdings AG (PHC Holdings Corporation), Becton Dickinson and Company, Bionime Corporation, Dexcom Inc., F. Hoffmann-La Roche AG, Johnson & Johnson, Medtronic plc, Novo Nordisk A/S, Sinocare Inc. and Terumo Corporation.
Key Questions Answered in This Report:
- How has the global diabetes care devices market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global diabetes care devices market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global diabetes care devices market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Diabetes Care Devices Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Blood Glucose Monitoring (BGM) Devices
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Self-Monitoring Devices
- 6.1.2.2 Continuous Glucose Monitoring Devices
- 6.1.3 Market Forecast
- 6.2 Insulin Delivery Devices
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 Pumps
- 6.2.2.2 Pens
- 6.2.2.3 Syringes
- 6.2.2.4 Jet Injectors
- 6.2.3 Market Forecast
7 Market Breakup by Distribution Channel
- 7.1 Hospital Pharmacies
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Retail Pharmacies
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Diabetes Clinics/Centers
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Online Pharmacies
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by End User
- 8.1 Hospitals
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Homecare
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Diagnostic Centers
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Ambulatory Surgery Centers
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Abbott Laboratories
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 ACON Laboratories Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Ascensia Diabetes Care Holdings AG (PHC Holdings Corporation)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Becton Dickinson and Company
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Bionime Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Dexcom Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 F. Hoffmann-La Roche AG
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 Johnson & Johnson
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Medtronic plc
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Novo Nordisk A/S
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Sinocare Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.12 Terumo Corporation
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.1 Abbott Laboratories
List of Figures
- Figure 1: Global: Diabetes Care Devices Market: Major Drivers and Challenges
- Figure 2: Global: Diabetes Care Devices Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Diabetes Care Devices Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Diabetes Care Devices Market: Breakup by Type (in %), 2022
- Figure 5: Global: Diabetes Care Devices Market: Breakup by Distribution Channel (in %), 2022
- Figure 6: Global: Diabetes Care Devices Market: Breakup by End User (in %), 2022
- Figure 7: Global: Diabetes Care Devices Market: Breakup by Region (in %), 2022
- Figure 8: Global: Diabetes Care Devices (Blood Glucose Monitoring (BGM) Devices) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Diabetes Care Devices (Blood Glucose Monitoring (BGM) Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Diabetes Care Devices (Insulin Delivery Devices) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Diabetes Care Devices (Insulin Delivery Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Diabetes Care Devices (Hospital Pharmacies) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Diabetes Care Devices (Hospital Pharmacies) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Diabetes Care Devices (Retail Pharmacies) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Diabetes Care Devices (Retail Pharmacies) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Diabetes Care Devices (Diabetes Clinics/Centers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Diabetes Care Devices (Diabetes Clinics/Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Diabetes Care Devices (Online Pharmacies) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Diabetes Care Devices (Online Pharmacies) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Diabetes Care Devices (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Diabetes Care Devices (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Diabetes Care Devices (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Diabetes Care Devices (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Diabetes Care Devices (Homecare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Diabetes Care Devices (Homecare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Diabetes Care Devices (Diagnostic Centers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Diabetes Care Devices (Diagnostic Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Diabetes Care Devices (Ambulatory Surgery Centers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Diabetes Care Devices (Ambulatory Surgery Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: North America: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: North America: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: United States: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: United States: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Canada: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Canada: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Asia-Pacific: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Asia-Pacific: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: China: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: China: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Japan: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Japan: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: India: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: India: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: South Korea: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: South Korea: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Australia: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Australia: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Indonesia: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Indonesia: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Others: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Others: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Europe: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Europe: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Germany: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Germany: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: France: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: France: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: United Kingdom: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: United Kingdom: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Italy: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Italy: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Spain: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Spain: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Russia: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Russia: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Others: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Latin America: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Latin America: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Brazil: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Brazil: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Mexico: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Mexico: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Others: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Others: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Middle East and Africa: Diabetes Care Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Middle East and Africa: Diabetes Care Devices Market: Breakup by Country (in %), 2022
- Figure 78: Middle East and Africa: Diabetes Care Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Global: Diabetes Care Devices Industry: SWOT Analysis
- Figure 80: Global: Diabetes Care Devices Industry: Value Chain Analysis
- Figure 81: Global: Diabetes Care Devices Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Diabetes Care Devices Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Diabetes Care Devices Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Diabetes Care Devices Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 4: Global: Diabetes Care Devices Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Diabetes Care Devices Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Diabetes Care Devices Market: Competitive Structure
- Table 7: Global: Diabetes Care Devices Market: Key Players
