Global Diabetes Care Devices Market
Global Diabetes Care Devices Market valued approximately USD 6744 million in 2017 is anticipated to grow with a healthy growth rate of more than 6.1% over the forecast period 2018-2025. The Diabetes Care Devices Market is continuously growing in the global scenario at significant pace. The gradual advancement and innovation of new Diabetic Care technologies are developing a concrete platform for further growth of Diabetic Care market. With the emergence of advanced technologies such as mobile health, precision medicine, smart sensors, wearable technologies, and 3D-printing into the field of Diabetic Care, there has been a rise in the overall demand of the newly developed Diabetic Care products. In addition, surging incidence rate of diabetes, escalating sedentary lifestyle in both developed and developing countries, rising obesity in both male and female population and rise in need for faster & safer diagnosis & treatment of diabetes are the substantial driving factors of the market during the forecast period. Moreover, rising technological advancements in this devices and increasing investment are the factor which likely to create numerous opportunity in the market during the forecast period. However, lack of healthcare infrastructure in semi-developed and under-developed region are the factors that limiting the market growth of Diabetes Care Devices across the globe.
The major market player included in this report are:
• Abbot Laboratories
• Acon Laboratories
• Dexcom Inc.
• Beckton, Dickinson and Company
• Medtronic PLC
• Johnson & Johnson
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