The growth of the market is attributed to the growing technological advancements throughout the industry coupled with increasing approvals by regulatory bodies. Market Size – USD 22.70 Billion in 2019, Market Growth – CAGR of 7.9%, Market Trends –Increasing awareness about preventive care regarding diabetes.
The Global Diabetic Care Market was valued at USD 22.70 Billion in 2019 and is forecasted to reach USD 41.71 Billion by 2027 at a CAGR of 7.9%. Increasing emergence of diabetic disorder because of the rising geriatric population and a growing number of obesity cases, together with technological advancement within the field of polygenic disorder are the key factors driving the market growth. As per the Centers for Disease Control and Prevention (CDC), around 94.1 million individuals were overweight as of 2017 and also the quantity is anticipated to grow more throughout the forecast period
The latest study on the Diabetic Care Market industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 – 2027. The market intelligence report on the Diabetic Care Market encompasses an in-depth evaluation of different products, applications, end-users and their sales across different regions. A closer look at the important industry terms and definition, technology advancements and forces influencing the product and production capability further makes the report a valuable reference material.
Key Highlights From The Report.
Lifescan, a US based diagnostic systems manufacturer made a partnership agreement with DKSH in January 2020. Through this partnership, they’ll provide sales, regulatory and marketing services for LifeScan products in Asian countries like Vietnam, Indonesia, Philippines, Hong Kong, Malaysia and Taiwan. DKSH will also support the distribution and logistic side of the business in addition to the above mentioned services.
The products required to treat diabetes extends to injectable diabetes *s, , insulin therapies, blood glucose monitoring systems, insulin pumps, oral *s, and insulin injection devices. Additionally, a significant quantity of emerging diabetic *s is under clinical observation by potentially large pharmaceutical organizations that are likely to get a traction in the market over the forecasted period..
Various *s such as januvia and byetta, mainly in the blood glucose treatment areas, have been found to be safe with good levels of efficiencies. To make the crucial insulin therapy virtually less painful, more accurate, easy to use, and improved blood glucose monitoring systems are available in the market.
Key participants include Medtronic plc, B. Braun, DexCom, Inc., Abbott, F. Hoffman-La Roche Ltd., Ascensia Diabetes Care Holdings AS, LifeScan, Dickinson and Company, MicroGene Diagnostic Systems Pvt. Ltd., AgaMatrix Holdings LLC and Acon Laboratories, Inc. among others.
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Segments Covered in the report
Device Outlook (Revenue, USD Billion; 2017-2027)
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
End User Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue: USD Billion; 2017-2027)
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Diabetic Care Market Segmentation & Impact Analysis
4.1. Diabetic Care Market Material Segmentation Analysis
4.2. Industrial Outlook
Chapter 5. Diabetic Care Market By Devices Insights & Trends, Revenue (USD Million)
Chapter 6. Diabetic Care Market By Distribution Channel Insights & Trends Revenue (USD Million)
Chapter 7. Diabetic Care Market By End User Insights & Trends Revenue (USD Million)
Chapter 8. Diabetic Care Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Key questions answered by the report
At what rate will the Diabetic Care Market grow?
What will be the value of the market in 2027?
What are the factors driving the Diabetic Care Market?
What would be the situation of the Diabetic Care Market across different regions?
What are the strategies adopted by major players in the industry?
Who are the key players in the Diabetic Care Market?
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