Global Diabetes Device Companies

Q: What is the global market size of Diabetes Device Market?

Global Diabetes Device Market size was valued at USD 29.01 Billion in 2022 and is poised to grow from USD 31.42 Billion in 2023 to USD 59.46 Billion by 2031, at a CAGR of 8.3% during the forecast period (2024-2031).

Global Diabetes Device Market Competitive Landscape

Diabetes Device Market Top Player’s Company Profiles

Medtronic (United States)

Roche (Switzerland)

Johnson & Johnson (United States)

Abbott Laboratories (United States)

Becton, Dickinson and Company (United States)

Novo Nordisk (Denmark)

Dexcom (United States)

Sanofi (France)

Insulet Corporation (United States)

Ascensia Diabetes Care Holdings AG (Switzerland)

Ypsomed Holding AG (Switzerland)

Eli Lilly and Company (United States)

LifeScan (United States)

Tandem Diabetes Care (United States)

Terumo Corporation (Japan)

Arkray (Japan)

Senseonics Holdings, Inc. (United States)

MicroPort Scientific Corporation (China)

Nipro Corporation (Japan)

Sinocare Inc. (China)

AgaMatrix Holdings LLC (United States)

Trividia Health, Inc. (United States)

Diabetes Device Market

FAQs

Global Diabetes Device Market size was valued at USD 29.01 billion in 2022 and is poised to grow from USD 31.42 billion in 2023 to USD 59.46 billion by 2031, at a CAGR of 8.3% during the forecast period (2024-2031).

The competitive environment for diabetes treatment devices lists information per competitor. Information covered includes the company's executive summary, financials, revenue generated, market potential, investments in R&D, new market initiatives, global presence, production locations and facilities, production capacity, and application domination. Only the companies' focus on the market for diabetic care devices is represented by the data points mentioned above. 'Medtronic (United States)', 'Roche (Switzerland)', 'Johnson & Johnson (United States)', 'Abbott Laboratories (United States)', 'Becton, Dickinson and Company (United States)', 'Novo Nordisk (Denmark)', 'Dexcom (United States)', 'Sanofi (France)', 'Insulet Corporation (United States)', 'Ascensia Diabetes Care Holdings AG (Switzerland)', 'Ypsomed Holding AG (Switzerland)', 'Eli Lilly and Company (United States)', 'LifeScan (United States)', 'Tandem Diabetes Care (United States)', 'Terumo Corporation (Japan)', 'Arkray (Japan)', 'Senseonics Holdings, Inc. (United States)', 'MicroPort Scientific Corporation (China)', 'Nipro Corporation (Japan)', 'Sinocare Inc. (China)', 'AgaMatrix Holdings LLC (United States)', 'Trividia Health, Inc. (United States)'

The rising prevalence of diabetes worldwide is a significant driver for the diabetes device market. Factors such as sedentary lifestyles, unhealthy dietary habits, obesity, and an aging population contribute to the growing incidence of diabetes. As the number of people diagnosed with diabetes increases, there is a higher demand for diabetes devices to manage and monitor the condition effectively.

Insulin delivery systems, including insulin pumps and insulin pens, continue to evolve with advanced features and connectivity options. The market is witnessing a shift towards smart insulin delivery systems that integrate with CGM systems, allowing for automated insulin adjustments based on glucose readings. These systems offer enhanced convenience, precision, and personalized insulin delivery, contributing to improved glycaemic control.

Due to its well-established healthcare industry, North America dominated the market in 2022 and is predicted to continue to do so with a growth rate of around 6.0% compound annual growth rate (CAGR) during the projected period. Along with technical developments and the introduction of new products, the rising incidence of obesity and the high cost of treatment are anticipated to drive the region. Due to a sizable diabetic population and advantageous reimbursement policies, the U.S. dominated the market in North America. The market is primarily driven by high per capita income and rising healthcare spending.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Global Diabetes Device Market Size, Share, Growth Analysis, By Type(BGM Device, Insulin Delivery Device), By Distribution Channels(Hospital Pharmacies, Retail Pharmacies) - Industry Forecast 2024-2031

Global Diabetes Device Market Competitive Landscape

Global Diabetes Device Market Report Snapshots

Want to customize this report?

FAQs

Request Free Customization

Feedback From Our Clients

$5,300

Global Diabetes Device Market Size, Share, Growth Analysis, By Type(BGM Device, Insulin Delivery Device), By Distribution Channels(Hospital Pharmacies, Retail Pharmacies) - Industry Forecast 2024-2031

Global Diabetes Device Market Competitive Landscape

Global Diabetes Device Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Diabetes Device Market?

Who are the key vendors in the Global Diabetes Device Market?

What is the key driver of Global Diabetes Device Market?

What is the key market trend for Global Diabetes Device Market?

Which region accounted for the largest share in Global Diabetes Device Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300