The Global Diabetes Devices Market to gain from rapid technological advancements taking place in the market. Recently Fortune Business Insights has published a report, titled Diabetes Devices Market Size, Share and Global Trend By Product (Monitoring Devices, Treatment Devices), By Distribution Channel (Institutional Sales, Retail Sales) and Geography Forecast till 2026
Top Key Players Covered:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the global Diabetes Devices market. Some of the companies operating the global Diabetes Devices market are;
- Hoffmann-La Roche Ltd.
- Tandem Diabetes Care, Inc.
- Eli Lilly
Rapid adoption of digitalization among practitioners and patients is likely to fuel the demand in the global Diabetes Devices market. Additionally, increasing per capita income and rising living standards is expected to drive the global Diabetes Devices market during the forecast period 2018-2025.
However, high cost associated with the devices and lack of skilled professional to operate the system are a few factors that may hamper the growth in the global Diabetes Devices market.
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In-Depth Regional Analysis:
The report provides qualitative and quantitative insights on the diabetes devices industry and detailed analysis of market size and growth rate for all possible segments in the market. The market is segmented by product, distribution channel, and geography. On the basis of the product, the global diabetes devices market is segmented into monitoring and treatment devices. The monitoring devices are further segmented into blood glucose meters, test strips, lancets, and others. The treatment devices are further segmented into insulin pumps, insulin pens, insulin syringes, insulin jet injectors, and others.
As stated in the report North America holds a significant share in the market. The trend is unlikely to change and North America may continue holding its position. The growth witnessed is attributable to high presence of key developers in nations such as Canada and U.S.
The Asia Pacific Diabetes Devices market is expected to expand at a promising CAGR during the forecast period. The constantly improving healthcare infrastructure in the region is expected to contribute to Asia Pacific market expansion.
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