Global Diabetes Management Market: Overview

Diabetes is one of the most commonly occurring chronic diseases across the globe. The glucose levels in the patient rises when the person is suffering from diabetes. This condition arises due to the lack of production of insulin by the pancreas. Such type of diabetes is known as the Type I. Whereas in Type II diabetes the body does not respond to the insulin produced by it. The growth of the global diabetes management market is expected to be high over the course of the given forecast period.

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Global Diabetes Management Market: Notable Developments

The competitive landscape of the global diabetes management market is a fragmented one due to the presence of several key players. Some of the key players in the market include names such as Sanofi Inc., Novo Nordisk A/S, Medtronic, Dexcom, Abbott, Bristol Meyers Squibb, Abbott Laboratories, and Eli Lily among others. These companies are concentrating on developing new therapeutics and affordable management systems to expand their global reach.

Some of the recent developments in the global diabetes management market are given below:

  • Recent market studies indicate that the global diabetes management market has been dominated by the Medtronic, Dexcom, and Abbott. These companies have a superior market share in terms of their glucose monitoring devices. The companies are trying to reach more customers by launching several new products.
  • Recently, Novo Nordisk and Eli Lily have focused on expanding their businesses in Indian market and have launched easy-to-use insulin pens.

Global Diabetes Management Market: Drivers and Restraints

There are a number of reasons that are driving the global diabetes management market. The biggest driving factor for the market growth is the growing prevalence of both Type I as well as Type II diabetes. This condition coupled with considerable rise in the obese population across the globe is also helping the global diabetes management market to develop.

In addition to this, the growing popularity of combination therapy as compared to the monotherapy is working in favor of the market development. Combination therapy is growing popular because of its higher efficiency. The development of the global market for diabetes management is also helped by the increasing collaborations and partnerships among the leading players.

However, there are some factors that may stop the global diabetes management market from reaching its full potential. One of the major restraining factors for the market has been widespread reach of counterfeit drugs. In addition to this, lack of proper healthcare infrastructure and insurance benefits are also expected to hamper the market growth in the near future.

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Global Diabetes Management Market: Geographical Outlook

The global diabetes management market is divided into five key regions viz. North America, Asia Pacific, Europe, and Latin America, for the better understanding of its working dynamics. Of these regions, currently, the global market is dominated by the Asia Pacific and the North America regions. The development of the North America market for diabetes management is due to the growing geriatric population in the region. In a recent study, it was found that the population in the region is more susceptible to chronic diseases such as diabetes and cardiovascular disorders. This has thus helped in the development of the market in North America. Moreover, the presence of a highly developed healthcare infrastructure along with favorable insurance disbursement policies are also helping the growth of the global diabetes management market in the region.

In addition to this, the growth of the Asia Pacific region is expected to be influenced by the emergence of developing nations such as India and China. These nations are investing heavily for the development of their healthcare infrastructure.

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. 

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Diabetes Management Market

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