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The global diabetes care devices market was valued at USD 11.72 billion in 2022, growing at a CAGR of 8.06% from 2023 to 2032. The market is expected to reach USD 25.45 billion by 2032. The rising personal disposable income, high adoption of insulin health deliverables, the increasing use of stick-free glucose testing, and increasing technological advancements are propelling market growth.
Diabetes is a life-threatening, chronic disease for which there is no therapy. Diabetes care devices are widely utilized to monitor diabetics' blood glucose levels. A continuous glucose monitor (CGM) is a medical instrument that monitors & tracks diabetes patients' blood glucose levels for the whole day. The number of people with diabetes is predicted to double within 25 years due to various unhealthy diets, population ageing, obesity & sedentary lifestyles. Diabetes devices are medical instruments utilized for managing & monitoring blood glucose levels in patients suffering from diabetic disease. Various devices that monitor diabetes conditions contain blood glucose monitors, ketone monitors, continuous glucose monitors, smart insulin pens, insulin pumps, and diabetes management applications. Additionally, the covid-19 epidemic has wholly affected the growth of the worldwide diabetes care devices market. Patients with various health problems, including diabetes & high blood pressure, are more likely to contract the virus.
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The rising prevalence of diabetes: Diabetes is a chronic illness that happens either when the pancreas does not build adequate insulin or when the body cannot virtually use its insulin. Insulin is a hormone that controls blood glucose. Further, the rising demand for diabetes medications among adults is the driving factor of the market growth. Moreover, diabetes is rising significantly in underdeveloped & developing nations. This is because of the low disposable income & less awareness about the availability of diabetes machines in developing and underdeveloped nations. However, the growing number of diabetes cases worldwide, the higher personal disposable income, and the raised healthcare expenditure are also helping boost the market growth.
The high cost associated with diagnosis and treatment: The high cost associated with diagnosis and treatment and reimbursement issues are restraining the market growth. Further, the stringent government regulations & rules governing the product approval procedure and the high price of insulin analogs in diabetes care management are expected to hinder the market growth. Also, needle anxiety in patients & oral insulin as an alternative drug delivery procedure is anticipated to restrain the market growth.
Government initiatives and increased awareness campaigns: The technological advancements & the integration of novel technologies in diabetes devices are the opportunity factor for market growth. Moreover, the increasing adoption of insulin-delivery devices and the multiple government initiatives and awareness campaigns are expected to propel market growth over the forecast period. Additionally, the rising demand for non-invasive glucose monitoring devices, coupled with the rapid advancements and leveraging of big data & artificial intelligence, are helping to boost the market growth over the forecast period.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest global diabetes care devices market, with a 48.29% market revenue share in 2022. The increasing development in the healthcare sector and the growing ageing population are expected to propel market growth in this region. Moreover, the growing number of manufacturers, along with the increased healthcare expenditure & enhanced access to healthcare facilities, and the rise in the demand for diabetes care devices are expected to propel the market growth in this region. The Asia-Pacific region will account for the largest market share with revenue growth. This growth is attributed to advanced devices' high cost and low acceptance. Further, the rising healthcare costs and high per capita income is expected to propel the market growth over the forecast period. Moreover, a large number of diabetic people, generous reimbursement rules, the predominant sedentary lifestyle, and an ever-growing ageing population are expected to drive market growth in this region.
North America Region Diabetes Care Devices Market Share in 2022 - 48.29%
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The product type segment is divided into insulin delivery devices and blood glucose monitoring devices. The insulin delivery devices segment dominated the market, with a market share of around 54.18% in 2022. This growth is attributed to the high demand for progressive insulin delivery devices is helping the adoption of recently launched innovative pen machines & portable pumps.
The delivery type segment is divided into syringes, pumps, injectors, pen, cartridges in reusable pens, jet injectors, and disposable pens. The syringes segment dominated the market, with a market share of around 23.21% in 2022. This growth is attributed to the rise in the prevalence of chronic disorders.
The device type segment is divided into diagnostic and self-monitoring. The self-monitoring segment dominated the market, with a share of around 56.23% in 2022. This growth is attributed to the ever-increasing severity & prevalence of diabetic patients.
The distribution channel segment is divided into retail sales, diabetes clinics/centers, hospital pharmacies, and online pharmacies. The online pharmacies segment dominated, with a market share of around 32.17% in 2022. This growth is attributed to the raised adoption of online pharmacies. Further, the hospital pharmacies segment is anticipated to dominate the market in the forthcoming years due to the increasing number of hospitalizations of diabetic patients.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 11.72 Billion |
| Market size value in 2032 | USD 25.45 Billion |
| CAGR (2023 to 2032) | 8.06% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Product Type, Delivery Type, Device Type, and Distribution Channel |
As per The Brainy Insights, the size of the diabetes care devices market was valued at USD 11.72 Billion in 2022 to USD 25.45 Billion by 2032.
The global diabetes care devices market is growing at a CAGR of 8.06% during the forecast period 2023-2032.
North America region emerged as the largest market for diabetes care devices.
The market's growth will be influenced by the rising prevalence of diabetes.
The high cost associated with diagnosis and treatment could hamper the market growth.
The increasing adoption of technologically advanced insulin & glucose monitoring devices will provide huge opportunities to the market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product Type
4.3.2. Market Attractiveness Analysis By Delivery Type
4.3.3. Market Attractiveness Analysis By Device Type
4.3.4. Market Attractiveness Analysis By Distribution Channel
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The rising healthcare consumer expenditure
5.2.2. The rising prevalence of diabetes
5.3. Restraints
5.3.1. A lack of awareness
5.3.2. The stringent regulatory policies & regulations
5.3.3. The high cost associated with diagnosis and treatment
5.4. Opportunities
5.4.1. The increasing adoption of technologically advanced insulin & glucose monitoring devices
5.4.2. Government initiatives and increased awareness campaigns
6. Global Diabetes Care Devices Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Insulin Delivery Devices
6.3. Blood Glucose Monitoring Devices
7. Global Diabetes Care Devices Market Analysis and Forecast, By Delivery Type
7.1. Segment Overview
7.2. Syringes
7.3. Pumps
7.4. Injectors
7.5. Pen
7.6. Cartridges in Reusable Pens
7.7. Jet Injectors
7.8. Disposable Pens
8. Global Diabetes Care Devices Market Analysis and Forecast, By Device Type
8.1. Segment Overview
8.2. Diagnostic
8.3. Self-Monitoring
9. Global Diabetes Care Devices Market Analysis and Forecast, By Distribution Channel
9.1. Segment Overview
9.2. Retail Sales
9.3. Diabetes Clinics/Centers
9.4. Hospital Pharmacies
9.5. Online Pharmacies
10. Global Diabetes Care Devices Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Diabetes Care Devices Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in Global Diabetes Care Devices Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. PHC Holdings Corporation
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Abbott
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Sanofi
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. WellDoc, Inc.
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Tidepool
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. B. Braun SE
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Medtronic
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Dexcom, Inc.
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. F. Hoffmann-La Roche Ltd
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. DarioHealth Corp
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
12.11. Tandem Diabetes Care
12.11.1. Business Overview
12.11.2. Company Snapshot
12.11.3. Company Market Share Analysis
12.11.4. Company Product Portfolio
12.11.5. Recent Developments
12.11.6. SWOT Analysis
12.12. Ascensia Diabetes Care Holdings AG
12.12.1. Business Overview
12.12.2. Company Snapshot
12.12.3. Company Market Share Analysis
12.12.4. Company Product Portfolio
12.12.5. Recent Developments
12.12.6. SWOT Analysis
12.13. Insulet Corporation
12.13.1. Business Overview
12.13.2. Company Snapshot
12.13.3. Company Market Share Analysis
12.13.4. Company Product Portfolio
12.13.5. Recent Developments
12.13.6. SWOT Analysis
12.14. LifeScan
12.14.1. Business Overview
12.14.2. Company Snapshot
12.14.3. Company Market Share Analysis
12.14.4. Company Product Portfolio
12.14.5. Recent Developments
12.14.6. SWOT Analysis
12.15. Medtronic
12.15.1. Business Overview
12.15.2. Company Snapshot
12.15.3. Company Market Share Analysis
12.15.4. Company Product Portfolio
12.15.5. Recent Developments
12.15.6. SWOT Analysis
12.16. DarioHealth
12.16.1. Business Overview
12.16.2. Company Snapshot
12.16.3. Company Market Share Analysis
12.16.4. Company Product Portfolio
12.16.5. Recent Developments
12.16.6. SWOT Analysis
12.17. AgaMatrix
12.17.1. Business Overview
12.17.2. Company Snapshot
12.17.3. Company Market Share Analysis
12.17.4. Company Product Portfolio
12.17.5. Recent Developments
12.17.6. SWOT Analysis
12.18. Home Diagnostics
12.18.1. Business Overview
12.18.2. Company Snapshot
12.18.3. Company Market Share Analysis
12.18.4. Company Product Portfolio
12.18.5. Recent Developments
12.18.6. SWOT Analysis
12.19. Glooko Inc.
12.19.1. Business Overview
12.19.2. Company Snapshot
12.19.3. Company Market Share Analysis
12.19.4. Company Product Portfolio
12.19.5. Recent Developments
12.19.6. SWOT Analysis
List of Table
1. Global Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
2. Global Insulin Delivery Devices, Diabetes Care Devices Market, By Region, 2019-2032 (USD Billion)
3. Global Blood Glucose Monitoring Devices, Diabetes Care Devices Market, By Region, 2019-2032 (USD Billion)
4. Global Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
5. Global Syringes, Diabetes Care Devices Market, By Region, 2019-2032 (USD Billion)
6. Global Pumps, Diabetes Care Devices Market, By Region, 2019-2032 (USD Billion)
7. Global Injectors, Diabetes Care Devices Market, By Region, 2019-2032 (USD Billion)
8. Global Pen, Diabetes Care Devices Market, By Region, 2019-2032 (USD Billion)
9. Global Cartridges in Reusable Pens, Diabetes Care Devices Market, By Region, 2019-2032 (USD Billion)
10. Global Jet Injectors, Diabetes Care Devices Market, By Region, 2019-2032 (USD Billion)
11. Global Disposable Pens, Diabetes Care Devices Market, By Region, 2019-2032 (USD Billion)
12. Global Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
13. Global Diagnostic, Diabetes Care Devices Market, By Region, 2019-2032 (USD Billion)
14. Global Self-Monitoring, Diabetes Care Devices Market, By Region, 2019-2032 (USD Billion)
15. Global Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
16. Global Retail Sales, Diabetes Care Devices Market, By Region, 2019-2032 (USD Billion)
17. Global Diabetes Clinics/Centers, Diabetes Care Devices Market, By Region, 2019-2032 (USD Billion)
18. Global Hospital Pharmacies, Diabetes Care Devices Market, By Region, 2019-2032 (USD Billion)
19. Global Online Pharmacies, Diabetes Care Devices Market, By Region, 2019-2032 (USD Billion)
20. North America Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
21. North America Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
22. North America Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
23. North America Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
24. U.S. Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
25. U.S. Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
26. U.S. Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
27. U.S. Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
28. Canada Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
29. Canada Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
30. Canada Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
31. Canada Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
32. Mexico Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
33. Mexico Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
34. Mexico Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
35. Mexico Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
36. Europe Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
37. Europe Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
38. Europe Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
39. Europe Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
40. Germany Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
41. Germany Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
42. Germany Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
43. Germany Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
44. France Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
45. France Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
46. France Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
47. France Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
48. U.K. Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
49. U.K. Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
50. U.K. Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
51. U.K. Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
52. Italy Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
53. Italy Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
54. Italy Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
55. Italy Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
56. Spain Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
57. Spain Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
58. Spain Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
59. Spain Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
60. Asia Pacific Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
61. Asia Pacific Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
62. Asia Pacific Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
63. Asia Pacific Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
64. Japan Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
65. Japan Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
66. Japan Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
67. Japan Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
68. China Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
69. China Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
70. China Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
71. China Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
72. India Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
73. India Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
74. India Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
75. India Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
76. South America Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
77. South America Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
78. South America Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
79. South America Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
80. Brazil Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
81. Brazil Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
82. Brazil Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
83. Brazil Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
84. Middle East and Africa Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
85. Middle East and Africa Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
86. Middle East and Africa Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
87. Middle East and Africa Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
88. UAE Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
89. UAE Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
90. UAE Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
91. UAE Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
92. South Africa Diabetes Care Devices Market, By Product Type, 2019-2032 (USD Billion)
93. South Africa Diabetes Care Devices Market, By Delivery Type, 2019-2032 (USD Billion)
94. South Africa Diabetes Care Devices Market, By Device Type, 2019-2032 (USD Billion)
95. South Africa Diabetes Care Devices Market, By Distribution Channel, 2019-2032 (USD Billion)
List of Figures
1. Global Diabetes Care Devices Market Segmentation
2. Global Diabetes Care Devices Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Diabetes Care Devices Market Attractiveness Analysis By Product Type
9. Global Diabetes Care Devices Market Attractiveness Analysis By Delivery Type
10. Global Diabetes Care Devices Market Attractiveness Analysis By Device Type
11. Global Diabetes Care Devices Market Attractiveness Analysis By Distribution Channel
12. Global Diabetes Care Devices Market Attractiveness Analysis By Region
13. Global Diabetes Care Devices Market: Dynamics
14. Global Diabetes Care Devices Market Share By Product Type (2023 & 2032)
15. Global Diabetes Care Devices Market Share By Delivery Type (2023 & 2032)
16. Global Diabetes Care Devices Market Share By Device Type (2023 & 2032)
17. Global Diabetes Care Devices Market Share By Distribution Channel (2023 & 2032)
18. Global Diabetes Care Devices Market Share By Regions (2023 & 2032)
19. Global Diabetes Care Devices Market Share By Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global diabetes care devices based on below mentioned segments:
Global Diabetes Care Devices Market by Product Type:
Global Diabetes Care Devices Market by Delivery Type:
Global Diabetes Care Devices Market by Device Type:
Global Diabetes Care Devices Market by Distribution Channel:
Global Diabetes Care Devices by Region:
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