According to the most recent report by Emergen Research, the Global Diabetes Care Market size reached USD 20,302 Million in 2020 and is projected to grow at a revenue CAGR of 8.3% during the forecast period. The rise in diabetes prevalence globally, growing public awareness of the advantages of diabetes management, and supportive government initiatives in various nations are all likely to contribute to the global diabetes care market’s revenue growth. Additionally, the market is growing in terms of revenue due to technological developments in medical equipment and solutions as well as the increased prevalence of obesity.
The Global Diabetes Care Market’s revenue growth is anticipated to be somewhat constrained by the significant global shortage of trained professionals and challenges related to the management of diabetes, including a lack of widespread knowledge about diabetes and its complications among a sizeable population of younger people, particularly in remote areas.
Get a sample of the report @ https://www.emergenresearch.com/request-sample/180
Competitive Outlook:
The global Diabetes Care market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Diabetes Care market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Some major companies in the market report include Medtronic plc (Ireland), B. Braun (Germany), DexCom, Inc. (US), Abbott (US), F. Hoffman-La Roche Ltd. (Switzerland), Novo Nordisk A/S (Denmark), Becton, Dickinson and Company (US), Sanofi (France), Terumo Corporation, Ypsomed (Switzerland), Dr. Morepen (India), Insulet, Life Scan IP holdings, and Eli Lilly and Company
To know more about the report @ https://www.emergenresearch.com/industry-report/diabetic-care-market
Key Highlights from the Report
The market is divided into insulin delivery devices and blood glucose monitoring devices based on the kind of device (pumps, pens, syringes, and jet injectors). The blood glucose monitoring devices segment is further divided into continuous glucose monitoring devices and self-monitoring equipment (blood glucose metres, testing strips, and lancets) (sensors, transmitters and receivers). In 2020, the segment for blood glucose monitoring devices held the greatest share, and this pattern is anticipated to hold throughout the forecast period.
Hospital pharmacies, retail pharmacies, and online pharmacies make up the market’s distribution channel segments. Due to the high demand and accessibility of diabetes care products, the hospital pharmacies segment dominated other distribution categories in the global market and represented the greatest revenue share in 2020. The inpatient pharmacy and the outpatient pharmacy are the two types of pharmacies that operate on a hospital campus, and diabetes patients visit hospitals in quite high numbers.
The global market is divided into hospitals & clinics, home care settings, and diagnostic centres based on end-use. In 2020, the hospitals and clinics segment outperformed all other segments in terms of revenue. The expansion of this market is being driven by an increase in the number of diabetic patients being admitted to hospitals.
Request a discount on the report @ https://www.emergenresearch.com/request-discount/180
Emergen Research has segmented Global Diabetes Care Market on the basis of device type, distribution type, end-use, and region:
Device Type Outlook (Revenue, USD Million; 2018–2028)
Blood Glucose Monitoring
Self-Monitoring Devices
Blood Glucose Meters
Test Strips
Lancelets
Continuous Glucose Monitoring Devices
Sensors
Transmitters
Receiver
Insulin Delivery Devices
Pumps
Pens
Syringes
Jet Injectors
By Distribution Channel Outlook (Revenue, USD Million; 2018–2028)
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
End-use Outlook (Revenue, USD Million; 2018–2028)
Hospitals & Clinics
Homecare Settings
Diagnostic Centers
Valuable Market Insights:
The report highlights the latest trends observed in the consumption pattern of each regional segment.
Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Diabetes Care market.
The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
Buy Now @ https://www.emergenresearch.com/select-license/180
Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Request a customization of the report @ https://www.emergenresearch.com/request-for-customization/180
Thank you for reading the research report. To get more information about the customized report and customization plan, kindly connect to us and we will provide you with the well-suited customized report.
Take a Look at our other Reports:
Top 10 Electric Vehicles Companies Focused on Transforming The Automotive Industry
World’s Top 9 Companies Offering Latest Brachytherapy Devices
https://www.emergenresearch.com/blog/worlds-top-9-companies-offering-latest-brachytherapy-devices
Micromobility Market – Rapid Shift towards Sustainable Urban Transport to Drive Growth
Top 10 Companies offers Robust Artificial Intelligence Platforms to Revolutionize Healthcare Processes and Delivery
https://www.emergenresearch.com/blog/top-10-companies-artificial-intelligence-in-healthcare
Top 10 Leading Companies in Cell and Gene Therapy Market Delivering Life-Changing Therapies to Improve Quality of Life
https://www.emergenresearch.com/blog/top-10-leading-companies-in-cell-and-gene-therapy-market
About Us:
At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: [email protected]
Facebook | LinkedIn | Twitter | Blogs
Latest Reports: FMS Like Tyrosine kinase 3 Inhibitors Market, Space In Orbit Refueling Market
Trending Reports: Prepreg Market, Postpartum Depression Market
Read Full Press Release @ https://www.emergenresearch.com/press-release/global-diabetic-care-market