The Global Diabetic Care Market was valued at USD 22.70 Billion in 2019 and is forecasted to reach USD 41.71 Billion by 2027 at a CAGR of 7.9%.
The industry experts have left no stone unturned to identify the major factors influencing the development rate of the Diabetic Care industry including various opportunities and gaps. A thorough analysis of the micro markets with regards to the growth trends in each category makes the overall study interesting. When studying the micro markets the researchers also dig deep into their future prospect and contribution to the Diabetic Care industry.
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The study on the Diabetic Care market applies research methodologies including the investigation and interview techniques to weigh up on the product price, revenue, import and export status and prouction capability of the manufacturers operating in the Diabetic Care market for the forecast period, 2020 – 2027. The market intelligence report focuses primarily on the market size, share and growth rate of the industry during the estimated period with the aim to help business owners make a wise investment decision and chalk out a blueprint of profitable business strategies.
Key participants include Medtronic plc, B. Braun, DexCom, Inc., Abbott, F. Hoffman-La Roche Ltd., Ascensia Diabetes Care Holdings AS, LifeScan, Dickinson and Company, MicroGene Diagnostic Systems Pvt. Ltd., AgaMatrix Holdings LLC and Acon Laboratories, Inc. among others.
Diabetic Care Market Drivers
Major factors include rapid international research collaboration and the growth of the diabetes-affected patient base; also, the government is taking initiatives to provide better health services and better opportunities for other major market players. Technological development in the market can provide robust results to the market. The rising prevalence of diabetic patients in the world is a major factor for the development of diabetes care devices. Additionally, the need for new technologies like round-the-clock self-monitoring, glucose level monitoring, innovation, and software and sensors is lucratively increasing, making it convenient for consumers. Changing lifestyles and obesity are also some of the major factors influencing the market demand of this sector.
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Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?
Diabetic Care Market Regional Landscape
North America emerged as the dominator of the diabetes care devices market owing to a large number of patients and the reimbursement potential. The Asia Pacific accounted for the largest share in the diabetes care devices market in 2020. This dominance can be attributed to the high population of diabetics in the country and increasing government investment for diabetes management and the diabetes care devices industry. India is estimated to register the fastest growth over the forecast period, mainly owing to opportunities presented by the country, majorly in terms of the growing usage of mHealth (mobile health), which supports the diabetes management mobile applications segment.
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Diabetic Care Market Research Methodology
Data triangulation and market breakdown
Research assumptions Research data including primary and secondary data
Primary data includes breakdown of primaries and key industry insights
Secondary data includes key data from secondary sources
Diabetic Care Market Device Outlook (Revenue, USD Billion; 2017-2027)
Diabetic Care Market Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Diabetic Care Market End User Outlook (Revenue, USD Billion; 2017-2027)
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Table of Content
Chapter 1. Methodology & Sources
1.1. Diabetic Care Market Definition
1.2. Diabetic Care MarketResearch Scope
1.3. Diabetic Care MarketMethodology
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Diabetic Care Market Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Diabetic Care Market Segmentation & Impact Analysis
Chapter 5. Diabetic Care Market By Devices Insights & Trends, Revenue (USD Million)
Chapter 6. Diabetic Care Market By Distribution Channel Insights & Trends Revenue (USD Million)
Chapter 7. Diabetic Care Market By End User Insights & Trends Revenue (USD Million)
Chapter 8. Diabetic Care Market Regional Outlook