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According to the most recent report by Emergen Research, the Global Diabetes Care Market size reached USD 20,302 Million in 2020 and is projected to grow at a revenue CAGR of 8.3% during the forecast period. The rise in diabetes prevalence globally, growing public awareness of the advantages of diabetes management, and supportive government initiatives in various nations are all likely to contribute to the global diabetes care market’s revenue growth. Additionally, the market is growing in terms of revenue due to technological developments in medical equipment and solutions as well as the increased prevalence of obesity.
The Global Diabetes Care Market’s revenue growth is anticipated to be somewhat constrained by the significant global shortage of trained professionals and challenges related to the management of diabetes, including a lack of widespread knowledge about diabetes and its complications among a sizeable population of younger people, particularly in remote areas.
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The Diabetes Care Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Diabetes Care market. The report offers in-depth research and assessment of the key elements of the global Diabetes Care market. The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Diabetes Care market.
Some major companies in the market report include Medtronic plc (Ireland), B. Braun (Germany), DexCom, Inc. (US), Abbott (US), F. Hoffman-La Roche Ltd. (Switzerland), Novo Nordisk A/S (Denmark), Becton, Dickinson and Company (US), Sanofi (France), Terumo Corporation, Ypsomed (Switzerland), Dr. Morepen (India), Insulet, Life Scan IP holdings, and Eli Lilly and Company
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Key Highlights from the Report
The market is divided into insulin delivery devices and blood glucose monitoring devices based on the kind of device (pumps, pens, syringes, and jet injectors). The blood glucose monitoring devices segment is further divided into continuous glucose monitoring devices and self-monitoring equipment (blood glucose metres, testing strips, and lancets) (sensors, transmitters and receivers). In 2020, the segment for blood glucose monitoring devices held the greatest share, and this pattern is anticipated to hold throughout the forecast period.
Hospital pharmacies, retail pharmacies, and online pharmacies make up the market’s distribution channel segments. Due to the high demand and accessibility of diabetes care products, the hospital pharmacies segment dominated other distribution categories in the global market and represented the greatest revenue share in 2020. The inpatient pharmacy and the outpatient pharmacy are the two types of pharmacies that operate on a hospital campus, and diabetes patients visit hospitals in quite high numbers.
The global market is divided into hospitals & clinics, home care settings, and diagnostic centres based on end-use. In 2020, the hospitals and clinics segment outperformed all other segments in terms of revenue. The expansion of this market is being driven by an increase in the number of diabetic patients being admitted to hospitals.
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Emergen Research has segmented Global Diabetes Care Market on the basis of device type, distribution type, end-use, and region:
Device Type Outlook (Revenue, USD Million; 2018–2028)
By Distribution Channel Outlook (Revenue, USD Million; 2018–2028)
End-use Outlook (Revenue, USD Million; 2018–2028)
Key Benefits of the Report:
Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Diabetes Care Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The post Diabetes Care Market: Recent Industry Developments and Growth Strategies Adopted by Players with Revenue Insights appeared first on Market O Graphics.
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