Diabetes Devices Market Is Expected To Increase At A Rate Of 7.0% For The Forecast Period To 2024 : Grand View Research Inc.
San Francisco, 3 July 2019: The Report Diabetes Devices Market Analysis By Device Type (Self-monitoring & Diagnostic Devices (Lancets, Analog Glucose Meter, Continuous Glucose Monitor & Test Strips)), Delivery Type (Syringes, Pumps, Pens, Injectors) And Segment Forecasts To 2024
The global diabetes devices market size was valued at USD 20.7 billion in 2016 and is expected to develop at a CAGR of 7.0% over the forecast period. Demand for diabetes devices is increasing due to growth in target population base. Growing cases of diabetes caused due to obesity, unhealthy lifestyles and eating habits, age, and other factors are leading factors driving market growth. Obesity is believed to be one of the foremost factors leading to the development of diabetes in individuals.
Some of the key companies in the global diabetes devices market are Medtronic PLC, Sanofi S.A., Bayer Healthcare AG, Becton, Dickinson and Company, Novo Nordisk A/S, Abbott Laboratories, F. Hoffman-La Roche AG, and Johnson & Johnson.
Access Research Report of Diabetes Devices Market @ www.grandviewresearch.com/industry-analysis/diabetes-devices-market
Further key findings from the study suggest:
Grand View Research has segmented the global diabetes devices market report on the basis of product and region:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
The global diabetes devices market size was valued at USD 20.7 billion in 2016 and is expected to develop at a CAGR of 7.0% over the forecast period. Demand for diabetes devices is increasing due to growth in target population base. Growing cases of diabetes caused due to obesity, unhealthy lifestyles and eating habits, age, and other factors are leading factors driving market growth. Obesity is believed to be one of the foremost factors leading to the development of diabetes in individuals.
Some of the key companies in the global diabetes devices market are Medtronic PLC, Sanofi S.A., Bayer Healthcare AG, Becton, Dickinson and Company, Novo Nordisk A/S, Abbott Laboratories, F. Hoffman-La Roche AG, and Johnson & Johnson.
Access Research Report of Diabetes Devices Market @ www.grandviewresearch.com/industry-analysis/diabetes-devices-market
Further key findings from the study suggest:
- Constantly rising target population base is the primary factor driving market growth
- Test strips capturedthe largest share in the monitoring and diagnostics device segment while insulin pens accounted for the largest revenue share among insulin delivery devices in 2016. This can be attributed to rapid adoption of these user-friendly, quick, and accurate devices for homecare use
- North America is leading the regional market, followed by Europe. Advanced healthcare infrastructure and availability of technologically advanced products have driven the regional market
- Key players in the market include Medtronic PLC, Sanofi S.A., Bayer Healthcare AG, Becton Dickinson and Company, Novo Nordisk A/S, Abbott Laboratories, F. Hoffman-La Roche AG and Johnson & Johnson.
Grand View Research has segmented the global diabetes devices market report on the basis of product and region:
- Product Type Outlook (Revenue, USD Million, 2014 - 2024)
- Monitoring and Diagnostic Devices
- Lancets
- Analog Glucose Monitor
- Continuous Glucose Monitor
- Test Strips
- Insulin Delivery Devices
- Syringe
- Pens
- Pumps
- Injectors
- Monitoring and Diagnostic Devices
- Regional Outlook (Revenue, USD Million, 2014 - 2024)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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