The global diabetes treatment devices market size was valued at USD 10.82 billion in 2018 and is projected to reach USD 16.49 billion by 2026, exhibiting a CAGR of 5.4% during the forecast period
The Diabetes Treatment Devices Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the The Diabetes Treatment Devices Market by region.
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Rising awareness about advanced insulin delivery devices among diabetic patients is anticipated to augment the demand for insulin delivering devices. The advance methods for insulin delivery include minimum invasiveness in an enhanced manner, reducing patients’ burden will positively affect the market growth over the forecast period. Investment by key market players in the introduction of novel devices and industry collaborations with an aim to development new products are some of the major factors anticipated to fuel the market growth. For instance, in February 2019, Tandem Diabetes Care, Inc., received FDA approval for the marketing of the first insulin pump with interoperable technology for children and adults with diabetes. t:Slim X2 insulin pump is the first device to be classified under a new de novo premarket review pathway. Additionally, in January 2019, Bigfoot Biomedical entered a partnership with Eli Lilly and company to develop solutions for optimization of delivery and dosing of insulin using artificial intelligence.
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Pre-Post COVID-19 Impact on Global Diabetes Treatment Devices Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Diabetes Treatment Devices Market, since end-user industries were still not operating at their full capacity.
Who are the Major Diabetes Treatment Devices Market Vendors?
- F. Hoffmann-La Roche Ltd
- Tandem Diabetes Care, Inc.
- B. Braun Melsungen AG
- Novo Nordisk A/S
- Other players
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This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the Diabetes Treatment Devices Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
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|North America||United States, Canada and Mexico|
|Europe||Germany, UK, France, Italy, Russia and Turkey etc.|
|Asia-Pacific||China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam etc.|
|South America||Brazil, Argentina, Columbia etc.|
|Middle East & Africa||Saudi Arabia, UAE, Egypt, Nigeria and South Africa|
- How big is the Diabetes Treatment Devices Market?
- What is Diabetes Treatment Devices Market?
- Who is the market leader in Diabetes Treatment Devices Market?
- Who are the major players in Diabetes Treatment Devices Market?
- What is the future of Diabetes Treatment Devices Market?
- What are the fastest growing industries?
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