Diabetes Management Market Report Overview:
The research provides a complete study of insights into the Diabetes Management Market, covering dynamic patterns, industry landscape, and all major market elements. The Diabetes Management market research also includes a detailed analysis of leading players.
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Estimated Revenue Growth:
Diabetes Management Market CAGR is expected to be 23.7% during the forecast period and the market size is expected to reach nearly US$ 57.83 Bn. by 2029.
Diabetes Management Market Scope and Research Methodology:
The aim of this report is to assess and predict the size of the Diabetes Management market. It offers strategic profiles of significant market participants to provide an accurate depiction of the competitive landscape within the global Diabetes Management market. This includes a comprehensive analysis of recent developments such as new product launches, acquisitions, mergers, joint ventures, brand activities, and major players in the Diabetes Management industry. The report presents insights into industry trends, dynamics, and potentials, assisting professionals in staying informed about the latest trends and sector performance. This insight aids in predicting growth and decline in Diabetes Management market share over the forecast period.
In-depth understanding of the Diabetes Management industry was achieved through a combination of primary and secondary research methods. Various methodologies, including PESTLE, PORTER, and SWOT analysis, were employed to ensure accurate findings. SWOT analysis was employed to outline strengths, weaknesses, opportunities, and challenges for key players within the Diabetes Management industry. Additionally, the use of PORTER and PESTLE analysis allowed for an understanding of the microeconomic and macroeconomic factors influencing the Diabetes Management industry.
Diabetes Management Market Dynamics:
Diabetes, often known as diabetes mellitus, is a clinical condition in which a person has a high blood glucose level. It occurs as a result of either pancreatic inefficiency in producing insulin (Type I) or body cell insensitivity to generated insulin (Type II), or both. This disorder causes polyuria, increased thrust, and appetite.
The increased prevalence of diabetes is the primary reason driving demand for diabetes management devices and anti-diabetic medications. Other factors contributing to market growth over the forecast period include an increasing elderly population, a rising global prevalence of diabetes, increased acceptance of novel drugs such as incretin and dipeptidyl inhibitors, technological advancements in diabetes devices, and the presence of government initiatives.
Recent Industry Development:
On June 15, 2021, Abbott Laboratories has received FDA clearance for its new continuous glucose meter, which is Freestyle Libre2. This new device is another challenger in the growing market for CGM. The new device is used in children above 4years and adults too, and this is applied on the back of the upper arm. This new version adds an advantage for users in setting the alarm in people whose glucose levels are too high or low.
On February 19, 2021, Dexcom collaborates with DreaMed to couple Dexcom continuous glucose monitors, and the DreaMed Advisor is a digital solution that generates insulin delivery by investigating information from continuous glucose monitoring self-monitoring blood glucose, and insulin delivery devices.
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Diabetes Management Market Segmentation:
by Device Type
Monitoring Devices
Blood Glucose Meters
Lancets
Blood Sampling Devices
Diagnostic Devices
Hemoglobin A1c
Hemoglobin A1c Kits
Hemoglobin A1c Meters
Insulin Delivery Devices
Insulin Pumps
Insulin Pens
Disposable Insulin Pens
Insulin Syringes
Reusable Insulin Pens
Other Devices
Artificial Pancreas
Commercial Software
Software Programs for Diabetes Monitoring
Web Software
The diabetes management market is divided into four types of devices: monitoring, diagnostic, insulin delivery, and others. The blood glucose metres category is estimated to lead the market during the forecast period, owing to the growing requirement for blood glucose level monitoring to effectively treat diabetes. In addition, the sale of insulin delivery devices has increased to a favourable level, resulting in improvements in insulin delivery technology. Insulin pens are predicted to grow at the fastest CAGR of XX% in the insulin delivery devices sector over the forecast period, owing to their popularity and ease of use.
The worldwide diabetes management market is divided into two major treatment categories: injectables and orally given medicines. Among them, the injectables sector is predicted to have the greatest market share of XX% in the diabetes management market in the future, owing to patients’ increased demand for insulin. Because of its safety and once-daily dosing regimen, the dipeptidyl inhibitors category is predicted to grow faster than the overall market.
Diabetes Management Market Key Players:
1. Abbott Laboratories
2. Bayer AG
3. Bristol-Myers Squibb
4. Eli Lilly and Co.
5. Sanofi
6. Dexcom
7. Medtronic
8. Novo Nordisk A/S
9. ZydusCadila
10. BD
11. Merck & Co. Inc.
12. F. Hoffmann-La Roche Ltd
13. Insulet Corporation
14. Life Scan, Inc.
15. B. Braun
16. Tandem Diabetes Care
17. Ascensia Diabetes Care
18. Tidepool
19. Others
Diabetes Management Market Regional Perspectives:
The report is segmented into several key countries, with market size, growth rate, import and export of Diabetes Management market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
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Key Questions answered in the Diabetes Management Market Report are:
- Which segment grabbed the largest share in the Diabetes Management market?
- Which segment is expected to grow at a high rate during the forecast period?
- How is the competitive scenario of the Diabetes Management market?
- Which are the key factors driving the Diabetes Management market growth?
- Which are the factors restraining the Diabetes Management market growth?
- Which region holds the maximum share in the Diabetes Management market?
- What will be the CAGR of the Diabetes Management market during the forecast period?
- Which are the prominent players in the Diabetes Management market?
Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size & Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Table of Content: Diabetes Management Market
Part 01: Executive Summary
Part 02: Scope of the Diabetes Management Market Report
Part 03: Diabetes Management Market Landscape
Part 04: Diabetes Management Market Sizing
Part 05: Diabetes Management Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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