Global Diabetic Care Market Forecast to 2028
The Diabetes Care Market Research Report covers business strategies, qualitative and quantitative analysis, and emerging industry trends. It is a detailed and significant study. The study conducts a complete examination and analysis of the key elements of the global Diabetes Care market. The research analysts created this report after carefully examining the drivers, restraints, challenges, trends, and opportunities in the global Diabetes Care market.
The Global Diabetes Care Market size reached USD 20,302 Million in 2020 and is expected to register a revenue CAGR of 8.3% during the forecast period, according to the latest analysis by Emergen Research. Global Diabetes Care Market revenue growth is expected to be driven by key factors such as the increasing prevalence of diabetes worldwide, rising awareness regarding the benefits of diabetes treatment and management, and favorable government initiatives in various countries. In addition, technological advancements in medical devices and solutions and the rising prevalence of obesity are factors driving the revenue growth of the market.
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The global Diabetic Care industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Sanofi, Eli Lilly and Company, Medtronic PLC, Ypsomed Holdings, Braun, Hoffman La Roche, Novo Nordisk, Insulet Corporation, Abbott Laboratories, Becton Dickinson, Life Scan Holdings LLC
Research Report on the Diabetic Care Market Addresses the Following Key Questions:
Who are the dominant players of the Diabetic Care market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Diabetic Care market?
What are the key growth drivers and restraining factors of the Diabetic Care market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Diabetic Care market and its key segments?
The report bifurcates the Diabetic Care market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Device Type Outlook (Revenue, USD Million; 2018–2028)
Blood Glucose Monitoring
Blood Glucose Meters
Continuous Glucose Monitoring Devices
Insulin Delivery Devices
By Distribution Channel Outlook (Revenue, USD Million; 2018–2028)
End-user Outlook (Revenue, USD Million; 2018–2028)
Hospitals & Clinics
Regional Landscape section of the Diabetic Care report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Key Highlights from the Report
Based on device type, the market is segmented into blood glucose monitoring devices and insulin delivery devices (pumps, pens, syringes, and jet injectors). Blood glucose monitoring devices segment is further sub-segmented into self-monitoring devices (blood glucose meters, testing strips, and lancets) and continuous glucose monitoring devices (sensors, transmitters and receivers). The blood glucose monitoring devices segment accounted for largest share in 2020 and the trend is expected to continue over the forecast period.
On the basis of distribution channel, the market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital pharmacies segment dominated other distribution segments in the global market and accounted for the largest revenue share in 2020 owing to high demand and availability of diabetic care products. The two types of pharmacies operating within a hospital campus are inpatient pharmacy and outpatient pharmacy, and footfalls to hospitals is relatively high for diabetes.
Based on end-use, the global market is segmented into hospitals & clinics, home care settings, and diagnostic centers. The hospitals & clinics segment dominated other segments and accounted for largest revenue share in 2020. An increasing number of hospital admissions of diabetes patients is boosting growth of this segment.
North America is expected to register a steady growth rate in the Global Diabetes Care Market over the forecast period. This is due to increasing prevalence of diabetes and obesity among the aging population as well as younger individuals, and changing lifestyle.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Diabetic Care market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
Data and information related to the consumption rate in each region
Estimated increase in the consumption rate
Proposed growth of the market share of each region
Geographical contribution to market revenue
Expected growth rate of the regional markets
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