Diabetes Care Devices Market Size Worth USD 81.5 billion by 2031| Rising prevalence of diabetes, Says Growth Plus Reports

November 25, 2021

/EIN News/ -- Pune, Nov. 25, 2021 (GLOBE NEWSWIRE) -- According to the latest Trending report Titled “Diabetes Care Devices Market– Global Outlook & Forecast 2021-2031” The Global Diabetes Care Devices Market is expected to clock US$ ~81.5 billion by 2031 diabetes care devices market is expected to grow at a CAGR of ~9.0% from 2021-2031 owing to rising prevalence of diabetes and growing awareness among people regarding self-management of diabetes.

Market Overview

Diabetes is a chronic disease that occurs when a person’s pancreas does not produce sufficient insulin. Insulin is a regulatory hormone that keeps blood sugar in control. There are several types of diabetes type 1, type 2, and gestational diabetes. There are several devices that help patients monitor and manage sugar levels. These devices include blood glucose monitors, lancets, testing strips, insulin pens, jet injectors, insulin pumps, among others.

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Growth Engines

Covid-19 Impact on Diabetes Care Devices Market

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Competitive Landscape

Prominent players operating in the global market:

The global diabetes care devices market has been analyzed from three perspectives: Type, End-User, and Region.

Report Coverage Details
Forecast Period 2021 to 2031
Forecast Period 2021 to 2031 CAGR 9.0%
2031 Market Value USD 81.5 billion
Base Year 2020
Historical Data 2018 and 2019
Number of pages 100 - 120
Segment Covered Type And End-User

Excerpts from ‘By Type Segmentation’

The global diabetes care devices market has been segmented majorly into two distinct categories depending on type, viz. monitoring devices and management/treatment devices. The monitoring devices are further categorized into self-monitoring devices (blood glucose meter, lancets/ lancing devices, and testing strips/ test papers) and continuous blood glucose monitoring devices (sensors, transmitters and receiver). Whereas, management/treatment devices are further categorized into insulin pumps, insulin pens, insulin syringes and needles, and jet injectors. The monitoring devices segment holds the largest share in the diabetes care devices market. The growth of the segment can be attributed to the rising incidence of diabetes coupled with the increasing adoption of self-monitoring blood glucose devices.

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Manan Sethi

Director, Market Insights

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