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Diabetes Care Technologies, Devices and Therapeutics Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2016 - 2024

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Global Diabetes Care Technologies, Devices and Therapeutics Market: Overview

Diabetes is a growing global concern. By 2030, approximately 438 million people will be suffering from diabetes, according to The World Diabetes Foundation. The global healthcare expenditure of about 11.6% is held by diabetes care. Presently, there are about 528.7 million people suffering from obesity, which is a key factor triggering diabetes in people.

The global diabetes care technologies, devices and therapeutics market is can be segmented on the basis of devices into blood glucose monitoring, insulin delivery, and other glucose testing devices.

The report presents a comprehensive overview of various factors contributing to the expansion of the global diabetes care technologies, devices and therapeutics market. It also offers insights into challenges that the market could face over the forecast period. The prevailing trends affecting overall market operations are also studied in the report in detail.

Global Diabetes Care Technologies, Devices and Therapeutics Market: Key Trends

The diabetes care market is chiefly driven by sedentary lifestyle and the rising prevalence of obesity. The cases of diabetes reported in the world have tremendously increased over the years. The escalating number of fast food chains all across the globe has added fuelled the obesity issues as well. There is a reduction seen in the physical activities – not only among the elders, but in children as well. All these factors are pushing the market for diabetes care technologies, devices, and therapeutics.

On the other hand, reimbursement issues are the main factor limiting market growth during the analysis period. Moreover, third party reimbursements are restricted to the type of coverage they provide concerning devices, diagnosis and treatment of diabetes.

Global Diabetes Care Technologies, Devices and Therapeutics Market: Regional Overview

On the basis of geography, the global diabetes care technologies, devices and therapeutics market can be classified into North America, Europe, the Middle East & Africa, Asia Pacific, and Latin America. Asia Pacific is known to lead the market for diabetes care technologies, devices and therapeutics market. The two of the most populated countries of Asia Pacific – India and China – are known to have a large pool of diabetic patients, thereby increasing the demand of the market. According to International Diabetes Federation (IDF), China had 98.1 million and India had 65.1 million adults living with diabetes in 2013. Another reason impacting the growth of the market in this region is the eating habits and sedentary lifestyle of the people.

The Middle East is also a favorable market for diabetes care technologies, devices and therapeutics, followed by North America. High obesity rate, dietary habits, and inactive lifestyle are a few factors that have led to the increase in demand growth of the market in North America. According to the Centers for Disease Control and Prevention (CDC), about one in every 10 American adults has diabetes. If the trend continues, the figure is expected to double or triple by 2050. In 2012, 13.4 million women (11.2 percent) had diabetes, according to the National Diabetes Report. About 15.5 million men (13.6 percent) had it.

Global Diabetes Care Technologies, Devices and Therapeutics Market: Key Players

The report profiles some of the prominent competitors operating in the market. It also provides insights into the threats and opportunities that the companies are expected to witness in the coming years. Some of the key players in the global diabetes care technologies, devices and therapeutics market are Takeda and Merck & Co. Ltd., Roche, Johnson & Johnson, Glaxosmithkline, Novartis International AG, Abbott Laboratories, Bayer AG, and Sanofi.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market      
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 


Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.


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