Global Diabetic Care Market Forecast to 2028
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.
By carefully analyzing the vital commercial data and broad geographic dispersion of the business, Emergen Research created a market research study on Diabetes Care. The study provides comprehensive coverage of the qualitative and quantitative analysis of the market for Diabetes Care as well as important market statistics. The study paper offers current estimates through 2021 as well as historical data from 2017 to 2018. The profiles of both well-known and emerging industry participants in the research contain a summary of the company, its product portfolio, strategic relationships, and corporate expansion goals.
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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 Companies Profiled 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?
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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.
Market Overview:
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
- Self-Monitoring Devices
- Blood Glucose Meters
- Test Strips
- Lancelets
- Continuous Glucose Monitoring Devices
- Sensors
- Transmitters
- Receivers
- Insulin Delivery Devices
- Pumps
- Pens
- Syringes
- Jet Injectors
- By Distribution Channel Outlook (Revenue, USD Million; 2018–2028)
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- End-user Outlook (Revenue, USD Million; 2018–2028)
- Hospitals Clinics
- Homecare Settings
- Diagnostic Centers
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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)
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Diabetic Care market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Diabetic Care with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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