The Global Diabetes Care Market is projected to grow at CAGR of 5.53% during the forecast period to reach a market size of US$95.102 billion in 2023
The report published by Knowledge Sourcing Intelligence titled “Global Diabetes Care Market- Forecast From 2018 to 2023” studies the various factors affecting the demand for diabetes care worldwide. The report has been segmented by Devices (Blood Glucose Meters and Strips, Continuous Glucose Monitors (CGMs), Flash Glucose Monitoring Device, Injection Pens, Insulin Pumps, and Automated Insulin Delivery Systems), by Drugs (Injectable and Oral) and by End-User (Hospitals, Ambulatory Care Units and Home Care).
In addition, the Global Diabetes Care market has been estimated based on the geography, covering five regions namely North America, South America, Europe, Middle East, and Africa and the Asia Pacific, and some of the major economies in each of these regions. The demand for diabetes care would primarily be driven by rapidly changing and unhealthy lifestyle increasing the incidences and threat of diabetes among the people. Continuous advancements in technologies are enhancing the capabilities and reliability of diabetes care solutions will pose an interesting opportunity for existing and new market players around the world. However, the high cost of advanced devices and accessories for diabetes care might restrain the growth of the market during the given time frame.
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By Devices, injection pens are projected to hold a significant market share in the global diabetes care market.
It is estimated that injection will hold a significant share in the global diabetes care market owing to the ease of usage of by the diabetic patients. Further rising adoption of the home care devices coupled with the ability of these devices to deliver accurate dosage will augment the growth of the market during the next five years.
The North America region is estimated to hold the lion’s share in the global diabetes care market throughout the forecast period.
Geographically, North America holds the largest market share due to the presence of a large base of diabetic patients owing to a sedentary lifestyle. In addition, well-defined healthcare infrastructure has further provided a boost to the North America diabetes care market. The Asia Pacific will also show robust growth during the forecast period owing to the growing awareness regarding diabetes care and developing the healthcare landscape in the region.
This report also includes a study of strategies and product portfolios of some of the leading companies in the global diabetes care market. It consists of company profiles of the leading companies such as Sanofi-Deutschland GmbH, Johnson & Johnson Services, Inc., Ypsomed AG, Dexcom, Inc., and Medtronic among others.
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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