Global Diabetes Care Devices Market Growth Analysis and 2020 Forecast Sep.2016 | Seite 2
Global Telemedicine Market
According to the report "Diabetes Care Devices Market by Device Type (Glucose Monitoring
Systems, Insulin Delivery Systems and Control Solutions) and by Region – Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast (2015 – 2020)", published by Market Data
Forecast, the global market is projected to reach USD 22.8 Billion by 2020, at a CAGR of 5.73%
from 2015 to 2020.
For full report refer to “http://www.marketdataforecast.com/market-reports/globaldiabetes-care-devices-market-96/”
Diabetes is the most widespread disease globally which is caused by the imbalance of blood
sugar level in the body. The disease is either genetically inherited or the changing lifestyle
these days and unhealthy diets can also cause diabetes. This further has severe effects on the
body like internal damaging of organs and hence require regular monitoring and controlled
level of sugar. Diabetes care devices market is growing at a very fast rate due to the increase
in number of incidences of diabetes, especially in aged population. These devices are user
friendly and can be operated by patients themselves, they monitor the blood glucose level
and help people to control the level.
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Need for the devices that are faster, effective, safer and user friendly is growing rapidly, which
is majorly fuelling the growth of the market. Government and private investment in R&D
leading to technical innovations, increasing number of diabetic patients, diagnosis and
treatment using non-invasive techniques are some of the major factors driving the growth of
the market. However, High cost of new devices, lack of awareness, stringent regulatory
obligations and disparity in reimbursements are some the issues that are constraining its
growth.
The Diabetes Care Devices Market is segmented based on product type into:
1) Diabetes Monitoring Devices
Self-Blood Glucose Monitoring Devices
Glucose Meters
Test Strips
Lancets
Haemoglobin A1C testing kits
Continuous Glucose Monitoring Devices
2) Insulin Delivery Systems
Insulin Pens
Insulin Pumps
Jet Injectors
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