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Diabetes Management Devices Market Size, Trends, Analysis, and Outlook By Product (Blood glucose monitoring devices, Insulin delivery systems), By Distribution Channel (Offline, Online), by Region, Country, Segment, and Companies, 2024-2030

March 2024 | 190 pages | ID: DF76C2A569E0EN
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The global Diabetes Management Devices market size is poised to register 17.75% growth (CAGR) from 2024 to 2030, presenting significant growth prospects for companies operating in the industry. The industry study analyzes the global Diabetes Management Devices market By Product (Blood glucose monitoring devices, Insulin delivery systems), By Distribution Channel (Offline, Online).

The future of diabetes management devices is being shaped by advancements in glucose monitoring technology, insulin delivery systems, and digital health solutions aimed at improving glycemic control, treatment adherence, and patient outcomes in individuals with diabetes mellitus. Key trends in this market include the development of continuous glucose monitoring (CGM) systems with improved accuracy, sensor longevity, and user convenience that enable real-time monitoring of interstitial glucose levels, trend analysis, and predictive alerts for early detection of hypo- and hyperglycemic events, facilitating personalized insulin dosing adjustments and lifestyle modifications to optimize glycemic control. Moreover, there is a trend towards closed-loop insulin delivery systems, also known as artificial pancreas systems, that combine CGM technology with automated insulin pumps and control algorithms to provide algorithm-based insulin delivery, adjusting basal insulin rates and administering mealtime boluses in response to real-time glucose data, reducing the risk of hypoglycemia and hyperglycemia while improving time in range and overall diabetes management. Additionally, there is a growing emphasis on integrated digital health platforms and mobile applications that enable remote monitoring, data sharing, and telehealth consultations between patients, caregivers, and healthcare providers, empowering individuals with diabetes to take an active role in self-management, treatment decision-making, and lifestyle modification while facilitating timely intervention and support from the diabetes care team..

Diabetes Management Devices Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Diabetes Management Devices market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Diabetes Management Devices survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Diabetes Management Devices industry.

Key market trends defining the global Diabetes Management Devices demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Diabetes Management Devices Market Segmentation- Industry Share, Market Size, and Outlook to 2030

The Diabetes Management Devices industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Diabetes Management Devices companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Diabetes Management Devices industry

Leading Diabetes Management Devices companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Diabetes Management Devices companies.

Diabetes Management Devices Market Study- Strategic Analysis Review

The Diabetes Management Devices market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
  • Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
  • Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
  • Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
  • Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Diabetes Management Devices Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Diabetes Management Devices industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three case scenarios- low case, reference case, and high case scenarios.

Diabetes Management Devices Country Analysis and Revenue Outlook to 2030

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2030. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2030.

North America Diabetes Management Devices Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong end-user industry demand. Leading companies focus on new product launches in the changing environment. The US economy is expected to grow in 2024 (around 2.2% growth in 2024), potentially driving demand for various Diabetes Management Devices market segments. Similarly, Strong end-user demand is encouraging Canadian Diabetes Management Devices companies to invest in niche segments. Further, as Mexico continues to strengthen its trade relations and invest in technological advancements, the Mexico Diabetes Management Devices market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Diabetes Management Devices Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Diabetes Management Devices industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of businesses in identifying and leveraging new growth prospects positions the European Diabetes Management Devices market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Diabetes Management Devices Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Diabetes Management Devices in Asia Pacific. In particular, China, India, and South East Asian Diabetes Management Devices markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational manufacturers seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major markets in the region.

Latin America Diabetes Management Devices Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Diabetes Management Devices Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Diabetes Management Devices market potential. Fueled by increasing healthcare expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Diabetes Management Devices.

Diabetes Management Devices Market Company Profiles

The global Diabetes Management Devices market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are ACON Laboratories Inc, B.Braun SE, Becton, Dickinson and Company, Bionime Corp, Dexcom Inc, Eli Lilly and Co., F. Hoffmann La Roche Ltd, iHealth Labs Inc, Insulet Corp, LifeScan IP Holdings LLC, Medtronic Plc, Nemaura Medical Inc, Nipro Corp, Nova Biomedical Corp, Novo Nordisk AS, PHC Holdings Corp, Prodigy Diabetes Care LL, Tandem Diabetes Care Inc, WellDoc Inc.

Recent Diabetes Management Devices Market Developments

The global Diabetes Management Devices market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Diabetes Management Devices Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Type

Stationary 3D and 4D Ultrasound Devices

Portable 3D and 4D Ultrasound Devices

By Display

Color Ultrasound

B/W Ultrasound

By Portability

Trolley or Cart-Based Ultrasound Systems

Compact/Handheld Ultrasound Systems

Point-of-Pare (PoC) Ultrasound Systems

By Application

Radiology or General Imaging

Obstetrics or Gynecology

Cardiology

Urology

Vascular

Orthopedic and Musculoskeletal

Pain Management

Others

By End-User

Hospitals

Surgical Centers and Diagnostic Centers

Maternity Centers

Ambulatory Care Centers

Research and Academia

Others

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

ACON Laboratories Inc

B.Braun SE

Becton, Dickinson and Company

Bionime Corp

Dexcom Inc

Eli Lilly and Co.

F. Hoffmann La Roche Ltd

iHealth Labs Inc

Insulet Corp

LifeScan IP Holdings LLC

Medtronic Plc

Nemaura Medical Inc

Nipro Corp

Nova Biomedical Corp

Novo Nordisk AS

PHC Holdings Corp

Prodigy Diabetes Care LL

Tandem Diabetes Care Inc

WellDoc Inc

Formats Available: Excel, PDF, and PPT
1. EXECUTIVE SUMMARY

1.1 Diabetes Management Devices Market Overview and Key Findings, 2024
1.2 Diabetes Management Devices Market Size and Growth Outlook, 2021- 2030
1.3 Diabetes Management Devices Market Growth Opportunities to 2030
1.4 Key Diabetes Management Devices Market Trends and Challenges
  1.4.1 Diabetes Management Devices Market Drivers and Trends
  1.4.2 Diabetes Management Devices Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Diabetes Management Devices Companies

2. DIABETES MANAGEMENT DEVICES MARKET SIZE OUTLOOK TO 2030

2.1 Diabetes Management Devices Market Size Outlook, USD Million, 2021- 2030
2.2 Diabetes Management Devices Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. DIABETES MANAGEMENT DEVICES MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. DIABETES MANAGEMENT DEVICES MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
By Type
Stationary 3D and 4D Ultrasound Devices
Portable 3D and 4D Ultrasound Devices
By Display
Color Ultrasound
B/W Ultrasound
By Portability
Trolley or Cart-Based Ultrasound Systems
Compact/Handheld Ultrasound Systems
Point-of-Pare (PoC) Ultrasound Systems
By Application
Radiology or General Imaging
Obstetrics or Gynecology
Cardiology
Urology
Vascular
Orthopedic and Musculoskeletal
Pain Management
Others
By End-User
Hospitals
Surgical Centers and Diagnostic Centers
Maternity Centers
Ambulatory Care Centers
Research and Academia
Others
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Diabetes Management Devices Market, 2025
5.2 Asia Pacific Diabetes Management Devices Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Diabetes Management Devices Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Diabetes Management Devices Market, 2025
5.5 Europe Diabetes Management Devices Market Size Outlook by Type, 2021- 2030
5.6 Europe Diabetes Management Devices Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Diabetes Management Devices Market, 2025
5.8 North America Diabetes Management Devices Market Size Outlook by Type, 2021- 2030
5.9 North America Diabetes Management Devices Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Diabetes Management Devices Market, 2025
5.11 South America Pacific Diabetes Management Devices Market Size Outlook by Type, 2021- 2030
5.12 South America Diabetes Management Devices Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Diabetes Management Devices Market, 2025
5.14 Middle East Africa Diabetes Management Devices Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Diabetes Management Devices Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Diabetes Management Devices Market Size Outlook and Revenue Growth Forecasts
6.2 US Diabetes Management Devices Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Diabetes Management Devices Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Diabetes Management Devices Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Diabetes Management Devices Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Diabetes Management Devices Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Diabetes Management Devices Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Diabetes Management Devices Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Diabetes Management Devices Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Diabetes Management Devices Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Diabetes Management Devices Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Diabetes Management Devices Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Diabetes Management Devices Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Diabetes Management Devices Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Diabetes Management Devices Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Diabetes Management Devices Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Diabetes Management Devices Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Diabetes Management Devices Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Diabetes Management Devices Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Diabetes Management Devices Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Diabetes Management Devices Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Diabetes Management Devices Industry Drivers and Opportunities

7. DIABETES MANAGEMENT DEVICES MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. DIABETES MANAGEMENT DEVICES COMPANY PROFILES

8.1 Profiles of Leading Diabetes Management Devices Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
ACON Laboratories Inc
B.Braun SE
Becton, Dickinson and Company
Bionime Corp
Dexcom Inc
Eli Lilly and Co.
F. Hoffmann La Roche Ltd
iHealth Labs Inc
Insulet Corp
LifeScan IP Holdings LLC
Medtronic Plc
Nemaura Medical Inc
Nipro Corp
Nova Biomedical Corp
Novo Nordisk AS
PHC Holdings Corp
Prodigy Diabetes Care LL
Tandem Diabetes Care Inc
WellDoc Inc

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information


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