The Global Disposable Diabetes Devices Market size is projected to grow at a CAGR of 5.4% from 2021 to 2028. The increasing prevalence of diabetes in the world and rising spending on medical equipment are expected to drive the growth of this sector over the forecast period. Diabetes is one of the most common endocrine disorders that affect millions worldwide and it has been identified as an epidemic by World Health Organization. It triggers several deadly complications like heart diseases, kidney failure, blindness, etc., which have led to high healthcare expenditure globally. This has resulted in higher demand for diabetes-related products such as disposable diagnostics devices and also delivery devices globally.
Disposable diabetes devices are used for monitoring and controlling the blood sugar levels of patients with type-I or type-II diabetes. Moreover, disposable diagnostics devices can be broadly divided into glucometers and related instruments that measure glucose in body fluids as well as meters for measuring urine sugar concentration. Also, disposable diabetes devices include insulin pens and infusion pumps used for injecting or infusing the right amount of insulin as prescribed by a doctor. Moreover, these products are produced in different shapes to work with various infusion systems that can be carried from one place to another easily.
On the basis of Type, the market is segmented into diagnostics devices and delivery devices.
The Diagnostics devices segment is further sub-divided into glucose meters, blood pressure monitors, and glucometers. The delivery device market can be classified as insulin pens, needle-free injectors, and continuous monitoring systems. Diagnostic Devices is the second largest segment of the Global Disposable Diabetes Devices Market, capturing nearly one-fifth share in terms of revenue. Device Types include Glucose Monitoring Systems (GMS), Insulin Pumps, and Continuous Glucose Monitors.
Delivery devices are a type of diabetes device that is used in order to administer insulin. These devices include pens, pumps, and jet injectors. Pumps have an external reservoir where the user can store the insulin for use throughout the day or night.
On the basis of Application, the market is segmented into hospitals, pharmacies, retail pharmacies, and e-commerce.
The most common use of hospitals is to provide healthcare services. Hospitals can be general hospitals, psychiatric hospitals, and specialized institutions for health care such as eye clinics or cancer centers.
Pharmacists can be utilized as the first line of defense in identifying and treating diabetes. They are able to counsel diabetic patients on how they should manage their disease, which includes tips for healthy dieting and exercise programs. In addition, some pharmacists offer specialty services like insulin pump education or inserting an insulin pump under their supervision.
Retail pharmacies are now playing an essential role in the treatment of diabetes mellitus, and also play a vital function in supporting patient education. They provide medical advice to customers who have been diagnosed with diabetes or those who wish to know more about its symptoms. Retail pharmacists offer help in choosing appropriate medication for patients.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the market in terms of revenue and is also expected to maintain its dominance with a significant share throughout owing to increasing prevalence rates of diabetes mellitus in this region coupled with an increasing number of retail pharmacies.
Key Constraints for The Global Disposable Diabetes Devices Market:
The global disposable diabetes devices market is mainly driven by the rise in the prevalence of diseases such as type-II diabetes, which leads to an increase in the production and consumption of medical disposables. The increasing number of diabetic patients worldwide has led to a need for more resources, including consumable supplies such as glucose meters and blood lancets; therefore, manufacturers are investing heavily in this space. There have been challenges faced with respect to regulatory frameworks pertaining to importation bans on certain products that might be regarded as necessary medical equipment or life-saving items (such as insulin pens). These can hinder growth prospects for all markets operating within the industry landscape. However, there are initiatives taken up by governments across various regions aimed at providing affordable healthcare solutions through health insurance.
Up Market Research published a new report titled “Disposable Diabetes Devices Market research report which is segmented by Types (Diagnostics Devices, Delivery Devices), By Applications (Hospitals Pharmacies, Retail Pharmacies, E-Commerce), By Players/Companies Bayer Healthcare, Abbott Laboratories, Johnson& Johnson, Becton Dickinson, F.Hoffmann La-Roche, Novo Nordisk, Medtronic, Sanofi, ARKRAY, Terumo”.
|Report Attributes||Report Details|
|Report Title||Disposable Diabetes Devices Market Research Report|
|By Type||Diagnostics Devices, Delivery Devices|
|By Application||Hospitals Pharmacies, Retail Pharmacies, E-Commerce|
|By Companies||Bayer Healthcare, Abbott Laboratories, Johnson& Johnson, Becton Dickinson, F.Hoffmann La-Roche, Novo Nordisk, Medtronic, Sanofi, ARKRAY, Terumo|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||201|
|Number of Tables & Figures||141|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Diagnostics Devices, Delivery Devices and By Application Hospitals Pharmacies, Retail Pharmacies, E-Commerce.
Some of the companies that are profiled in this report are:
Disposable Diabetes Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Disposable Diabetes Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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