Top 6 Latest Reports on Diabetes Management Market
07 Apr 2021 • by Natalie Aster
LONDON – Worldwide, the prevalence of diabetes continues to increase at a brisk pace, thus, imposing a large economic burden on the global healthcare system. Around 422 people across the globe are living with diabetes, and about 1.6 million deaths are directly attributed to diabetes each year.
A large collection of in-demand research studies covering the diabetes management market is available at MarketPublishers.com, and this collection is replenished on a monthly basis. Market Publishers’ experts have prepared a selection of the 6 most popular latest reports falling within the diabetes management category:
Blood Glucose Monitoring Devices Market
In the wake of the high prevalence of unhealthy eating habits and unorganized lifestyles worldwide, the number of people getting affected by obesity and other serious chronic diseases (including diabetes) where a patient must constantly monitor sugar levels is increasing at a rapid pace. The world’s market for blood glucose monitoring devices market is slated to exhibit growth at a 6.58% CAGR through 2028. The Type 2 diabetes segment is expected to dominate the overall market with a share of almost 50% during the forecast period…
Presently, the oral delivery of drugs is considered the most acceptable and convenient route of drug administration, especially for chronic diseases. The treatment with oral insulin offers several advantages including higher patient compliance, rapid hepatic insulinization, and avoidance of peripheral hyperinsulinemia and other adverse effects such as possible hypoglycemia and weight gain. The world’s oral insulin market has increased considerably during 2019-2020 and is slated to continue rising at a robust pace through 2025, encouraged by the rapid urbanization, growing healthcare spending, rising prevalence of diabetes, favorable government initiatives, advantages of oral insulin over injectable insulin, among other factors. However, the market growth may be restrained by such challenges uncertainty around getting the FDA approval and low oral bioavailability…
Blood Glucose Monitoring Consumables (BGM consumables) Market
In the wake of the increasing prevalence of diabetes along with the enhancing awareness of self-management of this disease, the world’s market for blood glucose monitoring consumables (BGM consumables) has exhibited sustainable growth during the recent years and is slated to maintain a healthy growth pace in the years ahead. During 2021-2026, the global BGM consumables market is poised to register a CAGR of above 13%. The increased demand for self-care/homecare devices backed by the COVID-19 pandemic and the introduction of advanced test strips and lancets are also positively contributing to the market growth. Test strips grabbed a share of over 64% of the overall BGM consumables market in 2020, and this segment is poised to stay in the lead through 2026…
Automated Insulin Delivery (AID) Market
The global automated insulin delivery (AID) market is anticipated to increase during the years 2020-2024, propelled by the increasing number of people suffering from diabetes and obesity, rapidly aging population, rising global healthcare expenditures, changing lifestyles worldwide, etc. Moreover, the market growth would be boosted by such trends as the expanding adoption of wearable healthcare devices and novel product launches. Meantime, growth in the automated insulin delivery market may be hindered by such challenges as certain regulatory compliance problems and the strong preference for the oral route of insulin delivery…
The global diabetic socks market is poised to reach USD 303.2 million by the year 2027, expanding at a CAGR of 5.5% in the next 7 years. The rising prevalence of diabetes across the globe is set to act as the major market growth engine. Additionally, the rising need for non-invasive methodologies, enhancing awareness of self-care treatments, along with technical advances such as gel padding and the launch of smart socks with fiber-optic sensors are expected to contribute significantly to the diabetic socks market growth in the coming years. The diabetic socks market in APAC is forecast to exhibit the highest CAGR of 5.9% CAGR during 2020-2027…
Continuous Glucose Monitor (CGM) Market
The world’s continuous glucose monitor (CGM) market crossed the value of USD 4.24 billion last year and is slated to exhibit significant growth at a CAGR of 17.24% during 2020-2025, encouraged by the increasing incidence of diabetes (especially among children and geriatric population) worldwide. Among end-user segments, the homecare segment is predicted to command the biggest share of the overall continuous glucose monitor market through 2025…
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