Recent Developments

Medtronic plc is one of the largest and well-known medical device company that produces the majority of its profits and sales from the U.S. healthcare system but is headquarter situated on the island of Ireland.

On March 2019, Medtronic Company received the US Food and Drug Administration (FDA) permission for Guardian(TM) Connect continuous glucose monitoring (CGM) system, for people with the diabetes aged between 14-75 years.

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Market Overview

Global Diabetes Care Devices Market has been estimated at USD 20.4 Billion in 2019 and is projected to reach USD 27.0 Billion by 2024, at a CAGR of 5.79% during the forecast period from 2019 to 2024

Report segmented as:

By Blood Glucose Monitoring Devices:

• Testing Strips
• Self-monitoring Blood Glucose Meters
• Lancets
• Continuous Glucose Monitors
• Others

By Insulin Delivery Devices:

• Insulin Syringes
• Insulin Pens
• Insulin Pumps
• Insulin Jet Injectors

Increase in consciousness regarding diabetes-monitoring devices and untapped market chances in the developing areas has expected to offer various opportunities for the market development.

Geographical Segmentation

Based on geography, the market divided under many countries namely, North America, Asia-Pacific, Latin America and Middle East, Europe & Africa. Among these, the North America led the largest share in the global diabetes care products market.

Key market players:

• Roche Diagnostics
• Johnson & Johnson
• Animas Inc. Becton-Dickinson
• Bayer AG and Abbott Laboratories
• Medtronic plc
• Ypsomed AG
• Terumo Corporation
• Insulet Inc.
• Tandem Diabetes Care, Inc.
• Dexcom, Inc. (U.S.)

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The Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

About Us:

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For more information:         

Abhishek Shukla

Sales Manager at Market Data Forecast

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