Diabetes Care Products Market size was valued at USD 21.0 billion in 2021 and is projected to reach around USD 38.5 billion in 2030 exhibiting a CAGR of 6.5% in the forecasted period.
Diabetes is a disorder that arises when blood glucose levels exceed normal levels due to a problem with the synthesis of insulin, which regulates glucose levels. The primary source of energy is blood glucose, which is derived from the food we eat. The pancreatic hormone insulin regulates blood sugar levels. Diabetes is brought on by a flaw in the body’s ability to produce insulin, which prevents it from controlling blood glucose levels. Normal blood glucose levels vary from 70 to 100 mg/dL, however in diabetes patients, they can reach up to 80 to 130 mg/dL. The glucose levels of a diabetic patient are tracked with diabetes care devices. A medical device called a continuous glucose monitor (CGM) tracks and keeps track of blood sugar levels.
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Some of the key players operating in the global diabetes care products market include:
- Abbott
- Hoffmann-La Roche AG
- Johnson & Johnson
- Dexcom
- Medtronic
- Novo Nordisk
- Ascensia Diabetes Care
- AgaMatrix
- Bionime Corporation
- Omnipod
- Medisana
- Trivia
- Rossmax International Ltd.
Segments
By Monitoring Device
Self-monitoring Blood Glucose Device
o Glucometers
o Test Strips
o Lancets
Continuous Glucose Monitoring Devices
o Sensors and Durables
o Receivers and Transmitters
By Management Device
Insulin Pump
o Insulin Pump Monitors
o Insulin Pump Reservoirs
o Insulin Infusion Sets
- Insulin Syringes
- Cartridges in Reusable pens
- Insulin Disposable Pens
- Jet Injectors
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
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