SAN FRANCISCO, August 14, 2018 /PRNewswire/ --
The global diabetes devices market size is
expected to reach USD 35.5 billion by
2024, according to a new report by Grand View Research, Inc. The
market is projected to expand at a CAGR of 7.0% during the forecast
period. Growing cases of diabetes, due to obesity, sedentary and
unhealthy lifestyles, and several other factors, is expected to
drive demand for diabetes devices over the next few years.
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Obesity is believed to be one of the foremost factors leading to
diabetes in individuals. According to WHO, in 2014, over 1.9
billion people were identified to be overweight, of which, around
600 million people were obese.
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.
Browse full research report with TOC on
"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" at:
https://www.grandviewresearch.com/industry-analysis/diabetes-devices-market
Further Key Findings From the Report Suggest:
- Constantly rising target population base is the primary factor
driving market growth
- Test strips captured the 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.
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Grand View Research has segmented the global diabetes devices
market on the basis of product type and region:
- Diabetes Devices 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
- Diabetes Devices Regional Outlook (Revenue, USD Million,
2014 - 2024)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Explore the BI enabled intuitive market research
database, The Grand Library, by Grand View Research,
Inc.
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.
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Grand View Research, Inc.
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