Global Diabetes Care Market Research Report and Forecast to 2028 is a detailed analysis of the market for Diabetes Cares, including market size and share, present and upcoming trends, and the most recent technological advancements. The research offers insight into the Diabetes Care Market's regional and worldwide competitive landscape as well as a thorough projection through the year 2028. The new research provides updated information regarding the COVID-19 pandemic's effects on the Diabetes Care market. It analyses how the epidemic affected each region's economic climate and legal framework. It also looks into the economic instability and supply chain disruptions brought on by the epidemic and offers a current and prospective
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 latest analysis by Emergen Research. Global Diabetes Care Market revenue growth is expected to be driven by key factors such as increasing prevalence of diabetes worldwide, rising awareness regarding benefits of diabetes treatment and management, and favorable government initiatives in various countries. In addition, technological advancements in medical devices and solutions, and rising prevalence of obesity are factors driving revenue growth of the market.
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Competitive Terrain:
The global Diabetic Care industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
Leading Market Players Profiled in the Report:
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
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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.
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Diabetic Care market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Diabetic Care market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Diabetic Care market.
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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
- Self-Monitoring Devices
- Insulin Delivery Devices
- Blood Glucose Monitoring
- 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
Regional Outlook:
- North America (the U.S., Canada, Mexico)
- Europe (the U.K., Germany, France, Italy)
- Asia Pacific (India, China, Japan, Korea)
- Latin America (Brazil, Argentina, Ecuador, Chile)
- Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key reasons to buy the Global Diabetic Care Market report:
- The latest report comprehensively studies the global Diabetic Care market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products & services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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