Diabetes Care Devices Market: By Product Type (Blood glucose monitoring devices(Self-monitoring Blood Glucose Meters, Continuous Glucose Meters, Consumables, Others), Insulin delivery devices (Insulin Syringes, Insulin Pens, Insulin Pumps, Insulin Jet Injectors)), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Others) and Geography  

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Diabetes Care Devices Market Size was valued at USD 22 billion in 2022 and is anticipated to grow at USD 31.8 Billion till 2029 recording a CAGR of 5.7% during the forecast period 2023-2029. Diabetes is the most widespread metabolic disorder in which patient body is unable to use the glucose due to the lack of Insulin. The major cause of diabetes is insulin deficiency secreted by beta cells of the islet of Langerhans of the pancreas. The other factors include genetically inheritance, changing lifestyle, and unhealthy diets can also cause diabetes. Diabetes further has severe effects on the body like internal damaging of organs and hence require regular monitoring and controlled level of glucose levels in the body. Diabetes care devices are user-friendly and can be operated by patients themselves; they monitor the blood glucose level and help patients to control diabetes. There are two different type of diabetes, caused due to decreasing ability of the pancreas to produce the insulin and another is due to lack of response to the insulin. Diabetes is a chronic disease and the people suffering from diabetes needs to monitor blood glucose throughout their life. Globally, diabetes is the fourth leading cause of death. According to the International Diabetes Federation (IDF), seven Mn people are added every year to the pool of 246 Mn diabetics, which is projected to increase approximately 438 Mn by 2030. Moreover, about 3.8 Mn people die each year from diabetes. The global market is highly fragmented with the presence of several large and small vendors, due to which it witnesses an intensely competitive environment. For the development of new products, and enhance the competitiveness, most vendors partnering with other vendors in the global diabetes care devices market.

Diabetes Care Devices Market Key Developments:
  • For instance, in June 2016, Ascensia Diabetes Care partnered with Medtronic for developing and marketing diabetes management solutions. Furthermore, to develop and market test strips and blood glucose meters, vendors are also undertaking strategic alliances due to which the market presents a significant opportunity for new players in the global market.
  • In 2000, Minimed has launched the Continuous Glucose Monitoring System in the global diabetes care devices market which measures and store glucose values for 3 days. Further, the device is developed to store the results up to 6 or 7 days and helps to see data in the real time. For instance, Medtronic (Enlite, Guardian Realtime), Abbott (Freestyle Navigator II), and Dexcoma(G4 Platinum)

Global Diabetes Care Devices Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.7%

Largest Market

North America

Fastest Growing Market

Europe
Diabetes Care Devices Market Dynamics

diabetes care devices market is growing at a significant rate due to the increase in the incidence of diabetes, especially in adults. The key drivers for the growth of global diabetes care devices market are rise in innovative technologies, minimally or non-invasive products and increasing diabetic population boosting the growth of global diabetes care devices market. Similarly, availability of devices, that are faster, effective, safer, and user-friendly are the key factors fuel the growth of the global diabetes care devices market over the forecast period. Apart from this, government and private investment in research and development, and low diagnostic rates might fuel the growth of global market. However, the high cost of new devices, lack of awareness, stringent regulatory obligations, and disparity in reimbursements are some the factors that are constraining the growth of global diabetes care device market.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Global Diabetes Care Devices Market Segmentation

By Product Type
  • Blood glucose monitoring devices
    • Self-monitoring Blood Glucose Meters
    • Continuous Glucose Meters
    • Consumables
    • Others
  • Insulin delivery devices
    • Insulin Syringes
    • Insulin Pens
    • Insulin Pumps
    • Insulin Jet Injectors
By Distribution Channel
  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Others
By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

 

Frequently Asked Questions

The diabetes care devices market size was valued at USD 22 billion in 2022

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

  1. Executive summary
  2. Global Diabetes Care Devices Market Introduction
    • Global Diabetes Care Devices Market - Taxonomy
    • Global Diabetes Care Devices Market - Definitions
      • Product Type
      • Distribution Channel
  1. Global Diabetes Care Devices Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Diabetes Care Devices Market Dynamics - Factors Impact Analysis
    • Global Diabetes Care Devices Market - Regulations
      • US
      • Europe
      • Japan

9Global Diabetes Care Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029

    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Oppurtunity Analysis
  1. Global Diabetes Care Devices Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029
    • Self-Monitoring Blood Glucose Meters
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Continuous Glucose Meters
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Consumables
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Insulin Syringes
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Insulin Pens
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Insulin Pumps
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Insulin Jet Injectors
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Diabetes Care Devices Market Forecast, By Distribution Channel, 2018 - 2022 and Forecast, 2023 - 2029
    • Hospital Pharmacies
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Retail Pharmacies
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Online Pharmacies
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Diabetes Care Devices Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Diabetes Care Devices Market- Opportunity Analysis Index - By Product Type, By Distribution Channel, and Region, 2022 - 2029
  2. North America Diabetes Care Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Product Type Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Blood glucose monitoring devices
        • Self-monitoring Blood Glucose Meters
        • Continuous Glucose Meters
        • Consumables
        • Others
      • Insulin delivery devices
        • Insulin Syringes
        • Insulin Pens
        • Insulin Pumps
        • Insulin Jet Injectors
      • Distribution Channel Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Pharmacies
      • Country Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • US
        • Canada
      • North America Diabetes Care Devices Market- Opportunity Analysis Index - By Product Type, By Distribution Channel, and Country, 2020 - 2026
      • North America Diabetes Care Devices Market Dynamics - Trends
  1. Europe Diabetes Care Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Product Type Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Blood glucose monitoring devices
        • Self-monitoring Blood Glucose Meters
        • Continuous Glucose Meters
        • Consumables
        • Others
      • Insulin delivery devices
        • Insulin Syringes
        • Insulin Pens
        • Insulin Pumps
        • Insulin Jet Injectors
      • Distribution Channel Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Pharmacies
      • Country Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Germany
        • UK
        • France
        • Spain
        • Italy
        • Russia
        • Poland
        • Rest of Europe
      • Europe Diabetes Care Devices Market- Opportunity Analysis Index - By Product Type, By Distribution Channel Type, and Country, 2020 - 2026
      • Europe Diabetes Care Devices Market Dynamics - Trends
  1. Asia-Pacific Diabetes Care Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Product Type Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Blood glucose monitoring devices
        • Self-monitoring Blood Glucose Meters
        • Continuous Glucose Meters
        • Consumables
        • Others
      • Insulin delivery devices
        • Insulin Syringes
        • Insulin Pens
        • Insulin Pumps
        • Insulin Jet Injectors
      • Distribution Channel Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Pharmacies
      • Country Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn),
  1. Y-o-Y Growth (%), and Market Share (%)
    • Japan
    • China
    • India
    • ASEAN
    • Australia & New Zealand
    • Rest of Asia-Pacific
  • Asia-Pacific Diabetes Care Devices Market- Opportunity Analysis Index - By Product Type, By Distribution Channel Type, and Country, 2023 - 2029
  • Asia-Pacific Diabetes Care Devices Market Dynamics - Trends
  1. Latin America Diabetes Care Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Product Type Analysis (2018- 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Blood glucose monitoring devices
        • Self-monitoring Blood Glucose Meters
        • Continuous Glucose Meters
        • Consumables
        • Others
      • Insulin delivery devices
        • Insulin Syringes
        • Insulin Pens
        • Insulin Pumps
        • Insulin Jet Injectors
      • Distribution Channel Analysis (2018- 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Pharmacies
      • Country Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Brazil
        • Mexico
        • Argentina
        • Venezuela
        • Rest of Latin America
      • Latin America Diabetes Care Devices Market- Opportunity Analysis Index - By Product Type, By Distribution Channel Type, and Country, 2020 - 2026
      • Latin America Diabetes Care Devices Market Dynamics - Trends
  1. Middle East & Africa Diabetes Care Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Product Type Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Blood glucose monitoring devices
        • Self-monitoring Blood Glucose Meters
        • Continuous Glucose Meters
        • Consumables
        • Others
      • Insulin delivery devices
        • Insulin Syringes
        • Insulin Pens
        • Insulin Pumps
        • Insulin Jet Injectors
      • Distribution Channel Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Pharmacies
      • Country Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Gulf Cooperation Council (GCC) Countries
        • Israel
        • South Africa
        • Rest of MEA
      • MEA Diabetes Care Devices Market- Opportunity Analysis Index - By Product Type, By Distribution Channel, and Country, 2023 - 2029
      • MEA Diabetes Care Devices Market Dynamics - Trends
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Drug & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Abbott Laboratories (U.S.)
      • Dexcom Inc. (U.S.)
      • Johnson & Johnson Services Inc.(U.S.)
      • Merck & Co, Inc. (U.S.)
      • Hoffman-La Roche (Switzerland)
      • Becton-Dickinson and Company (U.S.)
      • Novo Nordisk A/S (Denmark)
      • Bayer AG (Germany)
      • Medtronic plc. (Ireland)
      • Terumo Corporation, Inc. (Japan)
      • Ascensia Diabetes Care (U.S.)
      • Panasonic Healthcare Holdings Co. Ltd. (Japan)
      • Eli Lilly and Company (U.S.)
  2. Research Methodology
  3. Key Assumptions and Acronyms
  • Abbott Laboratories (Abbott, Inc.) (U.S.)
  • Dexcom Inc. (U.S.)
  • Johnson & Johnson Services Inc.(U.S.)
  • Merck & Co, Inc. (U.S.)
  • F. Hoffman-La Roche (Switzerland)
  • Becton-Dickinson and Company (U.S.)
  • Novo Nordisk A/S (Denmark)
  • Bayer AG (Germany)
  • Medtronic (U.S.)
  • Terumo Corporation, Inc. (Japan)
  • Ascensia Diabetes Care (U.S.)
  • Panasonic Healthcare Holdings Co. Ltd. (Japan)
  • Eli Lilly and Company (U.S.)

Adjacent Markets