Asia Pacific Diabetes Care Devices Market is expected to reach US$ 4.3 Billion by 2027 with CAGR of 16.2%

Publisher: The Insight Partners

The most important device for someone with diabetes to have is a glucose meter, also called a glucometer. After a quick finger stick, you'll know your blood sugar level at that particular point in time. Even if you use a continuous glucose monitor (CGM), you'll still need to occasionally use a meter.

The Asia Pacific diabetes care devices market is expected to reach US$ 8,880.7 Mn in 2027 from US$ 5,011.5 Mn in 2019. The market is estimated to grow with a CAGR of 6.7% from 2020-2027.

The healthcare industry is undergoing rapid transformations since a few years now. Various technological improvements have been witnessed in the segments including diagnosis and treatment options for chronic diseases. The increase in incidences of chronic illnesses and the increasing ageing population are the primary factors fuelling the growth of healthcare segment.

The Asia Pacific Diabetes Care Devices Market is growing along with the healthcare industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

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Top-down and bottom-up approaches have been used to validate the size of the blood glucose monitoring system market and estimate the size of other dependent secondary markets. Various secondary sources such as, annual reports, press releases, International Diabetes Federation, World Health Organization (WHO), American Diabetes Association, JDRF, Madras Diabetes Research Foundation (MDRF), India Diabetes Research Foundation (IDRF), Chinese Diabetes Society ( CDS), Russian Federation of Diabetes, Brazilian Society for Diabetes, Latin American Association for Diabetes (ALAD), Asia Pacifican Association for the Study of Diabetes (EASD), American Association of Diabetes Educators (AADE), Press releases, listings, sector journals, databases and annual company reports have been used to identify and collect information useful for the study of this market.

These factors are expected to offer broad growth opportunities in the healthcare industry and this is expected to cause the demand for diabetes care assays in the market.

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Asia Pacific Diabetes Care Devices – MARKET SEGMENTATION

By Product

• Glucose Monitoring Devices
• Glucometers
• Lancets
• Testing Strips
• Other Glucose Monitoring Devices

• Insulin Delivery Devices

• Insulin Pens
• Insulin Syringes
• Insulin Pumps
• Other Insulin Delivery Devices

By End User

• Hospitals & Clinics
• Homecare

By Geography

• Asia Pacific
• Germany
• France
• Spain
• Italy
• UK
• Rest of Asia Pacific

Company Profiles

• BD
• Novo Nordisk A/S
• B. Braun Melsungen AG
• Insulet Corporation
• Medtronic
• Tandem Diabetes Care, Inc.
• Eli Lilly and Company
• Dexcom, Inc.
• Terumo Corporation
• F. Hoffman-LA Roche Ltd.

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