Global Diabetes Care Devices Market Size, Trends & Growth Opportunity, By Product, By End-User, and By Region and Forecast till 2027.

The diabetes care devices (BRIC) market size is projected to reach USD 4.3 billion by 2027 from USD 1.7 billion in 2020, at a CAGR of 16.2%
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The diabetes care devices (or) equipment market is made up of entities (organisations, sole traders, and partnerships) that sell diabetes care devices and related services. Diabetes care devices are used to monitor and control blood glucose levels in diabetic patients. This industry includes companies that make blood glucose test strips, continuous glucose monitoring devices, and blood glucose metres for checking blood glucose levels, as well as insulin pens, syringes, pumps, and injectors for injecting insulin.

Drivers:

The growing diabetes-affected patient pool and obesity-affected population, combined with lifestyle issues and rapid international research collaboration across the globe, are expected to accelerate market growth during the forecast period. Furthermore, there is a surge in demand for faster and safer diabetes diagnosis and treatment, and the government is taking initiatives to provide better health services, which will pave the way for market growth.

Restraints:

The high cost of diabetes care and the adverse effects associated with some diabetes care devices are expected to slow the market's growth rate.

Impact of Covid-19

The COVID-19 pandemic significantly slowed the growth of the diabetic care device market. COVID-19 infected patients' blood glucose levels increased. The stress of infection, as well as the use of steroids for COVID-19 treatment, caused blood glucose levels to rise, resulting in an increase in the number of patients. The market's major players were undoubtedly given opportunities as a result of this.

Market Segmentation

Segmentation By Product: Global Diabetes Care Devices Market is classified on the basis of Product into Blood glucose monitoring devices and Insulin Pens, Syringes, Pumps And Injectors.
Segmentation By End-User: Global Diabetes Care Devices Market is classified on the basis of End-User into Hospitals & specialty clinics and Self & home care.
Segmentation By Region: Global Diabetes Care Devices Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape: The key players of Global Diabetes Care Devices Market are Medtronic plc (Ireland), B. Braun (Germany), DexCom, Inc. (US), Abbott (US), F. Hoffman-La Roche Ltd. (Switzerland), Ascensia Diabetes Care Holdings AS (Switzerland), LifeScan (US), AgaMatrix Holdings LLC (US), Acon Laboratories, Inc. (US), ARKRAY USA, Inc. (US), Novo Nordisk A/S (Denmark), Becton, and Dickinson and Company (US).

Industrial Development

Abbott (US) received US FDA approval in February 2020 for the use of FreeStyle Libre 14-day Flash glucose monitoring systems in hospitals.
In April 2020, Ypsomed (Switzerland) announced a collaboration with DexCom, Inc. (US) to integrate mylife YpsoPump data with DexCom's G6 CGM sensors to create a hybrid closed-loop system.
In January 2020, LifeScan (US) announced a partnership agreement with DKSH to provide marketing, sales, regulatory services, distribution, and logistics for LifeScan product sales in the Philippines, Vietnam, Malaysia, Indonesia, Thailand, Hong Kong, and Taiwan.

Market Taxonomy

By Product

Blood glucose monitoring devices
Insulin Pens, Syringes, Pumps And Injectors

By End User

Hospitals & specialty clinics
Self & home care

By Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key Questions Addressed by the Report

What are the Key Opportunities in Global Diabetes Care Devices Market?
What will be the growth rate from 2020 to 2027?
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the competitive Landscape in the Industry?
What is the role of key players in the value chain?

Frequently Asked Questions about the Global Diabetes Care Devices Market

What is the estimated value of the Global Diabetes Care Devices Market?

The Global Diabetes Care Devices Market was estimated to be valued at $24.3 Billion in 2020.

What is the growth rate of the Global Diabetes Care Devices Market?

The growth rate of the Global Diabetes Care Devices Market is 6.2%, with an estimated value of $37 Billion by 2027.

What is the forecasted size of the Global Diabetes Care Devices Market?

The Global Diabetes Care Devices Market is estimated to be worth $37 Billion by 2027.

Who are the key companies in the Global Diabetes Care Devices Market?

Key companies in the Global Diabetes Care Devices Market include Medtronic plc (Ireland), B. Braun (Germany), DexCom Inc. (US), Abbott (US), F. Hoffman, La Roche Ltd. (Switzerland), Ascensia Diabetes Care Holdings AS (Switzerland), LifeScan (US) and Acon Laboratories Inc. (US).

Report Attribute	Details
Published	February 2022
Forecast Period	2020 - 2027
Estimated Market Value ( USD ) in 2020	$ 24.3 Billion
Forecasted Market Value ( USD ) by 2027	$ 37 Billion
Compound Annual Growth Rate	6.2%
Regions Covered	Global
No. of Companies Mentioned	13

1 Introduction

1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope

2 Research Methodology

2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources

3 Executive Summary

4 Global Diabetes Care Devices Market

4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5. Global Diabetes Care Devices Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Diabetes Care Devices Market Share Analysis, By Product
5.3 Diabetes Care Devices Market Size and Forecast, By Product
5.3.1 Blood glucose monitoring devices
5.3.2 Insulin Pens, Syringes, Pumps And Injectors
6. Global Diabetes Care Devices Market, By End-User
6.1 Y-o-Y Growth Comparison, By End-User
6.2 Diabetes Care Devices Market Share Analysis, By End-User
6.3 Diabetes Care Devices Market Size and Forecast, By End-User
6.3.1 Hospitals & specialty clinics
6.3.2 Self & home care
7. Global Diabetes Care Devices Market, By Region
7.1 Diabetes Care Devices Market Share Analysis, By Region
7.2 Diabetes Care Devices Market Size and Forecast, By Region
7.3 Diabetes Care Devices Market Size and Forecast, By Region
8. North America Diabetes Care Devices Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Diabetes Care Devices Market Share Analysis, By Product
8.3 North America Diabetes Care Devices Market Size and Forecast, By End-User
8.4 North America Diabetes Care Devices Market Size and Forecast, By Country
8.4.1 US
8.4.2 Canada
9. Europe Diabetes Care Devices Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Diabetes Care Devices Market Share Analysis, By Product
9.3 Europe Diabetes Care Devices Market Size and Forecast, By End-User
9.4 Europe Diabetes Care Devices Market Size and Forecast, By Country
9.4.1 UK
9.4.2 Germany
9.4.3 France
9.4.4 Italy
9.4.5 Spain
9.4.6 Netherland
10. Asia Pacific Diabetes Care Devices Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Diabetes Care Devices Market Share Analysis, By Product
10.3 Asia Pacific Diabetes Care Devices Market Size and Forecast, By End-User
10.4 Asia Pacific Diabetes Care Devices Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Australia
11. Latin America Diabetes Care Devices Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Diabetes Care Devices Market Share Analysis, By Product
11.3 Latin America Diabetes Care Devices Market Size and Forecast, By End-User
11.4 Latin America Diabetes Care Devices Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2 Rest of Latin America

12 Middle East & Africa Diabetes Care Devices Market Analysis and Forecast (2021-2027)

12.1 Introduction
12.2 Middle East & Africa Diabetes Care Devices Market Share Analysis, By Product
12.3 Middle East & Africa Diabetes Care Devices Market Size and Forecast, By End-User
12.4 Middle East & Africa Diabetes Care Devices Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa

13 Competitive Analysis

13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14. Company Profiles
14.1 Medtronic plc (Ireland)
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 B. Braun (Germany)
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 DexCom, Inc. (US)
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 F. Hoffman-La Roche Ltd. (Switzerland)
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Ascensia Diabetes Care Holdings AS (Switzerland),
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 and Dickinson and Company (US)
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies