The Diabetes Devices Market size was estimated USD 29.1 billion in 2022 and is expected to reach USD 53.06 billion By 2030 at a CAGR of 7.8% during the forecast period of 2023-2030.
The recently released report includes industry trends, price analysis, patent analysis, conference and webinar materials, important stakeholders, and market purchasing behaviour. The increasing usage of cancer biomarkers in drug discovery and development, increased research on cancer biomarkers, technical improvements, and the rising global prevalence of cancer are driving market expansion. Diabetes is becoming more common in places such as the Middle East and Asia Pacific, which is driving up demand for diabetes treatment. Thus, the availability of untapped development prospects in rapidly emerging MEA and Asian economies, as well as rising diabetes awareness in these regions, are expected to drive demand for diabetic devices.
A large senior population, economical healthcare facilities, cost-effective labour, and less severe regulatory laws are just a few of the factors driving diabetic device makers to expand their operations. Manufacturers are increasingly concentrating on capitalising on possibilities in developing economies to increase market share.
DRIVERS
Diabetes is becoming more prevalent.
Diabetes management is becoming more popular, and there is a greater emphasis on it, Technological progress.
The rising global incidence of diabetes is a primary driver of the diabetic device industry. Diabetes equipment, such as glucose monitoring systems and insulin administration devices, is in high demand as the number of people diagnosed with the disease rises.
Diabetes device innovation and technical breakthroughs have enhanced the accuracy, convenience, and efficacy of diabetes therapy. Advanced technology, such as continuous glucose monitoring systems and insulin pumps, provides patients with improved control and monitoring alternatives. Diabetes treatment has become more important as people have become more aware of the disease's relevance and the possible consequences. This has resulted in a greater emphasis on early diagnosis and appropriate control. Diabetes devices are in high demand as a result of this
RESTRAIN
Devices are expensive.
Difficulties with reimbursement.
Regulatory issues.
OPPORTUNITY
Merging economies, digital health technology integration.
Diabetes devices have enormous development potential in emerging nations, as diabetes prevalence is quickly growing. Diabetes device use is projected to expand as healthcare infrastructure improves and disposable incomes rise in these regions. The integration of diabetic devices with digital health technologies like smartphone applications and cloud-based data management systems enables remote monitoring, data analysis, and personalised therapy.
CHALLENGES
Compliance and adherence.
Data security and privacy in market saturation and competition.
It is impossible to obtain in Russia, and even if it is possible, it is prohibitively expensive. One item cost more than 15,000 rubles ($253), and there are crooks around. Aside from supply issues, Russian diabetics have seen price rises for both medications, notably insulin, and medical equipment. The Federal Antimonopoly Service decided at the end of May to raise the maximum price for insulin by 30%. A month's supply of medications used by a pump that can administer them constantly into subcutaneous fat quadrupled to $134 in April and are difficult to get. The government has likewise ceased purchasing such medications. In Russia, patients with pre-existing diseases, including diabetes, are eligible for free or reduced-cost medical equipment and medications.
However, activists and patients claim that the legislation is inadequately designed and executed, particularly in light of supply chain delays caused by Russia's invasion of Ukraine.
IMPACT OF ONGOING RECESSION
Influence on health-care coverage Individuals may endure job losses or changes in work status during a recession, causing interruptions in healthcare insurance coverage. Diabetes device access and affordability might be hampered by a lack of insurance or restricted coverage, impacting market demand. Recessions might cause cautious expenditures and a focus on basic healthcare requirements due to the delayed adoption of new technology. As a result, patients and healthcare professionals may prioritise acute healthcare needs above investments in future technology, resulting in a delay in the adoption of new or advanced diabetic devices.
By Type
Blood Glucose Monitoring Devices
Self-monitoring Devices
Blood Glucose Meters
Testing Strips
Lancets
Continuous Glucose Monitoring Devices
Sensors
Transmitters
Receive
Insulin Delivery Devices
Insulin Pumps
Insulin Pens
Insulin Syringes
Insulin Jet Injectors
By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Diabetes Clinics/Centers
Online Pharmacies
Others
By End-use
Hospitals
Homecare
Diagnostic Centers
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North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSES
Diabetes Care Devices Market Share in 2022 will be held by North America, owing to an increase in diabetes prevalence, a growth in healthcare expenditures, and an increase in the presence of important insulin syringe manufacturers.
Asia-Pacific is expected to grow at the fastest rate during the forecast period, owing to an increase in diabetes prevalence in Asia-Pacific as well as a large diabetic and pre-diabetic patient population, an increase in the strengthening of global product manufacturers' distribution networks, and a surge in the expansion of advanced medical facilities in emerging countries such as China and India.
The major Key players are Medtronic plc, Abbott Laboratories, F.Hoffmann-La-Ltd., Bayer AG, Lifescan, Inc., B Braun Melsungen AG, Lifescan, Inc., Dexcom Inc., Insulet Corporation, Ypsomed Holdings, Companion Medical, Sanofi, Valeritas Holding Inc, Novo Nordisk and others.
Abbott: In April 2022, Abbott CamDiab, and Ypsomed announced a collaboration to develop and market an integrated automated insulin delivery (AID) system in Europe. The linked, smart wearable system is intended to continually monitor a person's glucose levels and automatically modify and give the appropriate quantity of insulin at the appropriate time, eliminating the guesswork of insulin administration.
Medtronic: In April 2021, Medtronic released the Medtronic Extended infusion set in certain European nations, the first and only infusion set that may be worn for up to 7 days. An infusion set is a tube that transports insulin from the pump to the body and must be changed every few days.
| Report Attributes | Details |
| Market Size in 2022 | US$ 29.1 Bn |
| Market Size by 2030 | US$ 53.06 Bn |
| CAGR | CAGR of 7.8% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Blood Glucose Monitoring Devices, Insulin Delivery Devices) • By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Diabetes Clinics/Centers, Online Pharmacies, Others) • By End-use (Hospitals, Homecare, Diagnostic Centers) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Medtronic plc, Abbott Laboratories, F.Hoffmann-La-Ltd., Bayer AG, Lifescan, Inc., B Braun Melsungen AG, Lifescan, Inc., Dexcom Inc., Insulet Corporation, Ypsomed Holdings, Companion Medical, Sanofi, Valeritas Holding Inc, Novo Nordisk |
| Key Drivers | • Diabetes is becoming more prevalent. • Diabetes management is becoming more popular, and there is a greater emphasis on it, Technological progress. |
| Market Restraints | • Devices are expensive. • Difficulties with reimbursement. • Regulatory issues. |
Ans: The Diabetes Devices Market is expected to grow at 7.8% CAGR from 2023 to 2030.
Ans: According to our analysis, the Diabetes Devices Market is anticipated to reach USD 53.06 billion By 2030.
Ans: The top players in the Diabetes Devices market are Abbott Laboratories, Dexcom, Inc., ACON Laboratories, Inc., Becton, Dickinson, and Company.
Ans: The Diabetes Devices Market study does not provide a value chain analysis.
Ans: Yes, you may request customization based on your company's needs before placing an purchase order.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Diabetes Devices Market, By Type
8.1 Blood Glucose Monitoring Devices
8.2 Insulin Delivery Devices
9. Diabetes Devices Market, By Distribution Channel
9.1 Hospital Pharmacies
9.2 Retail Pharmacies
9. Clinics/Centers
9.4 Online Pharmacies
9.5 Others
10. Diabetes Devices Market, By End-use
10.1 Hospitals
10.2 Homecare
10.3 Diagnostic Centers
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Diabetes Devices Market By country
11.2.2North America Diabetes Devices Market By Type
11.2.3 North America Diabetes Devices Market By Distribution Channel
11.2.4 North America Diabetes Devices Market By End-User
11.2.5 USA
11.2.5.1 USA Diabetes Devices Market By Type
11.2.5.2 USA Diabetes Devices Market By Distribution Channel
11.2.5.3 USA Diabetes Devices Market By End-User
11.2.6 Canada
11.2.6.1 Canada Diabetes Devices Market By Type
11.2.6.2 Canada Diabetes Devices Market By Distribution Channel
11.2.6.3 Canada Diabetes Devices Market By End-User
11.2.7 Mexico
11.2.7.1 Mexico Diabetes Devices Market By Type
11.2.7.2 Mexico Diabetes Devices Market By Distribution Channel
11.2.7.3 Mexico Diabetes Devices Market By End-User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Diabetes Devices Market By country
11.3.1.2 Eastern Europe Diabetes Devices Market By Type
11.3.1.3 Eastern Europe Diabetes Devices Market By Distribution Channel
11.3.1.4 Eastern Europe Diabetes Devices Market By End-User
11.3.1.5 Poland
11.3.1.5.1 Poland Diabetes Devices Market By Type
11.3.1.5.2 Poland Diabetes Devices Market By Distribution Channel
11.3.1.5.3 Poland Diabetes Devices Market By End-User
11.3.1.6 Romania
11.3.1.6.1 Romania Diabetes Devices Market By Type
11.3.1.6.2 Romania Diabetes Devices Market By Distribution Channel
11.3.1.6.4 Romania Diabetes Devices Market By End-User
11.3.1.7 Turkey
11.3.1.7.1 Turkey Diabetes Devices Market By Type
11.3.1.7.2 Turkey Diabetes Devices Market By Distribution Channel
11.3.1.7.3 Turkey Diabetes Devices Market By End-User
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Diabetes Devices Market By Type
11.3.1.8.2 Rest of Eastern Europe Diabetes Devices Market By Distribution Channel
11.3.1.8.3 Rest of Eastern Europe Diabetes Devices Market By End-User
11.3.2 Western Europe
11.3.2.1 Western Europe Diabetes Devices Market By Type
11.3.2.2 Western Europe Diabetes Devices Market By Distribution Channel
11.3.2.3 Western Europe Diabetes Devices Market By End-User
11.3.2.4 Germany
11.3.2.4.1 Germany Diabetes Devices Market By Type
11.3.2.4.2 Germany Diabetes Devices Market By Distribution Channel
11.3.2.4.3 Germany Diabetes Devices Market By End-User
11.3.2.5 France
11.3.2.5.1 France Diabetes Devices Market By Type
11.3.2.5.2 France Diabetes Devices Market By Distribution Channel
11.3.2.5.3 France Diabetes Devices Market By End-User
11.3.2.6 UK
11.3.2.6.1 UK Diabetes Devices Market By Type
11.3.2.6.2 UK Diabetes Devices Market By Distribution Channel
11.3.2.6.3 UK Diabetes Devices Market By End-User
11.3.2.7 Italy
11.3.2.7.1 Italy Diabetes Devices Market By Type
11.3.2.7.2 Italy Diabetes Devices Market By Distribution Channel
11.3.2.7.3 Italy Diabetes Devices Market By End-User
11.3.2.8 Spain
11.3.2.8.1 Spain Diabetes Devices Market By Type
11.3.2.8.2 Spain Diabetes Devices Market By Distribution Channel
11.3.2.8.3 Spain Diabetes Devices Market By End-User
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Diabetes Devices Market By Type
11.3.2.9.2 Netherlands Diabetes Devices Market By Distribution Channel
11.3.2.9.3 Netherlands Diabetes Devices Market By End-User
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Diabetes Devices Market By Type
11.3.2.10.2 Switzerland Diabetes Devices Market By Distribution Channel
11.3.2.10.3 Switzerland Diabetes Devices Market By End-User
11.3.2.11.1 Austria
11.3.2.11.2 Austria Diabetes Devices Market By Type
11.3.2.11.3 Austria Diabetes Devices Market By Distribution Channel
11.3.2.11.4 Austria Diabetes Devices Market By End-User
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Diabetes Devices Market By Type
11.3.2.12.2 Rest of Western Europe Diabetes Devices Market By Distribution Channel
11.3.2.12.3 Rest of Western Europe Diabetes Devices Market By End-User
11.4 Asia-Pacific
11.4.1 Asia-Pacific Diabetes Devices Market By country
11.4.2 Asia-Pacific Diabetes Devices Market By Type
11.4.3 Asia-Pacific Diabetes Devices Market By Distribution Channel
11.4.4 Asia-Pacific Diabetes Devices Market By End-User
11.4.5 China
11.4.5.1 China Diabetes Devices Market By Type
11.4.5.2 China Diabetes Devices Market By Distribution Channel
11.4.5.3 China Diabetes Devices Market By Type
11.4.6 India
11.4.6.1 India Diabetes Devices Market By Type
11.4.6.2 India Diabetes Devices Market By Distribution Channel
11.4.6.3 India Diabetes Devices Market By End-User
11.4.7 Japan
11.4.7.1 Japan Diabetes Devices Market By Type
11.4.7.2 Japan Diabetes Devices Market By Distribution Channel
11.4.7.3 Japan Diabetes Devices Market By End-User
11.4.8 South Korea
11.4.8.1 South Korea Diabetes Devices Market By Type
11.4.8.2 South Korea Diabetes Devices Market By Distribution Channel
11.4.8.3 South Korea Diabetes Devices Market By End-User
11.4.9 Vietnam
11.4.9.1 Vietnam Diabetes Devices Market By Type
11.4.9.2 Vietnam Diabetes Devices Market By Distribution Channel
11.4.9.3 Vietnam Diabetes Devices Market By End-User
11.4.10 Singapore
11.4.10.1 Singapore Diabetes Devices Market By Type
11.4.10.2 Singapore Diabetes Devices Market By Distribution Channel
11.4.10.3 Singapore Diabetes Devices Market By End-User
11.4.11 Australia
11.4.11.1 Australia Diabetes Devices Market By Type
11.4.11.2 Australia Diabetes Devices Market By Distribution Channel
11.4.11.3 Australia Diabetes Devices Market By End-User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Diabetes Devices Market By Type
11.4.12.2 Rest of Asia-Pacific Diabetes Devices Market By Distribution Channel
11.4.12.3 Rest of Asia-Pacific Diabetes Devices Market By End-User
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Diabetes Devices Market By country
11.5.1.2 Middle East Diabetes Devices Market By Type
11.5.1.3 Middle East Diabetes Devices Market By Distribution Channel
11.5.1.4 Middle East Diabetes Devices Market By End-User
11.5.1.5 UAE
11.5.1.5.1 UAE Diabetes Devices Market By Type
11.5.1.5.2 UAE Diabetes Devices Market By Distribution Channel
11.5.1.5.3 UAE Diabetes Devices Market By End-User
11.5.1.6 Egypt
11.5.1.6.1 Egypt Diabetes Devices Market By Type
11.5.1.6.2 Egypt Diabetes Devices Market By Distribution Channel
11.5.1.6.3 Egypt Diabetes Devices Market By End-User
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Diabetes Devices Market By Type
11.5.1.7.2 Saudi Arabia Diabetes Devices Market By Distribution Channel
11.5.1.7.3 Saudi Arabia Diabetes Devices Market By End-User
11.5.1.8 Qatar
11.5.1.8.1 Qatar Diabetes Devices Market By Type
11.5.1.8.2 Qatar Diabetes Devices Market By Distribution Channel
11.5.1.8.3 Qatar Diabetes Devices Market By End-User
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Diabetes Devices Market By Type
11.5.1.9.2 Rest of Middle East Diabetes Devices Market By Distribution Channel
11.5.1.9.3 Rest of Middle East Diabetes Devices Market By End-User
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market By country
11.5.2.2 Africa Diabetes Devices Market By Type
11.5.2.3 Africa Diabetes Devices Market By Distribution Channel
11.5.2.4 Africa Diabetes Devices Market By End-User
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Diabetes Devices Market By Type
11.5.2.5.2 Nigeria Diabetes Devices Market By Distribution Channel
11.5.2.5.3 Nigeria Diabetes Devices Market By End-User
11.5.2.6 South Africa
11.5.2.6.1 South Africa Diabetes Devices Market By Type
11.5.2.6.2 South Africa Diabetes Devices Market By Distribution Channel
11.5.2.6.3 South Africa Diabetes Devices Market By End-User
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Diabetes Devices Market By Type
11.5.2.7.2 Rest of Africa Diabetes Devices Market By Distribution Channel
11.5.2.7.3 Rest of Africa Diabetes Devices Market By End-User
11.6 Latin America
11.6.1 Latin America Diabetes Devices Market By country
11.6.2 Latin America Diabetes Devices Market By Type
11.6.3 Latin America Diabetes Devices Market By Distribution Channel
11.6.4 Latin America Diabetes Devices Market By End-User
11.6.5 Brazil
11.6.5.1 Brazil America Diabetes Devices Market By Type
11.6.5.2 Brazil America Diabetes Devices Market By Distribution Channel
11.6.5.3 Brazil America Diabetes Devices Market By End-User
11.6.6 Argentina
11.6.6.1 Argentina America Diabetes Devices Market By Type
11.6.6.2 Argentina America Diabetes Devices Market By Distribution Channel
11.6.6.3 Argentina America Diabetes Devices Market By End-User
11.6.7 Colombia
11.6.7.1 Colombia America Diabetes Devices Market By Type
11.6.7.2 Colombia America Diabetes Devices Market By Distribution Channel
11.6.7.3 Colombia America Diabetes Devices Market By End-User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Diabetes Devices Market By Type
11.6.8.2 Rest of Latin America Diabetes Devices Market By Distribution Channel
11.6.8.3 Rest of Latin America Diabetes Devices Market By End-User
12 Company profile
12.1 Medtronic plc.
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Abbott Laboratories.
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 F.Hoffmann-La-Ltd.
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Bayer AG.
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Lifescan, Inc.
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 B Braun Melsungen AG.
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Lifescan, Inc.
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Dexcom Inc.
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Insulet Corporation.
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Ypsomed Holdings.
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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