Diabetes Monitoring Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Diabetes monitoring devices are used to monitor the level of glucose into a patient's body. These devices also enable in delivery of insulin into the patient's body.
MARKET DYNAMICS
The factors that drive the Global Diabetes Monitoring Devices market include rise in geriatric population and rise in prevalence of diabetes worldwide. In addition, technological advancements in the field of diabetes devices, and increase in need for faster and safer diagnosis and treatment of diabetes are further expected to boost the market growth. However, inadequate reimbursement may impede the market growth in the review period.
MARKET SCOPE
The "Global Diabetes Monitoring Devices Market analysis to 2031" is a specialized and in-depth study of the pharmaceutical industry with a special focus on the global market trend analysis. The report aims to provide an overview of Diabetes Monitoring Devices Market with detailed market segmentation by product, end-users and geography. The Global Diabetes Monitoring Devices Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Diabetes Monitoring Devices Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global Diabetes Monitoring Devices Market is segmented on the basis of product, end-users. On the basis of product, the market is segmented into blood glucose monitoring devices and insulin delivery devices. The blood glucose monitoring devices segment is further segmented into testing strips, self-monitoring blood glucose meters, lancets, and continuous blood glucose monitoring devices. The insulin delivery devices is further sub segmented into insulin syringes, insulin pens, insulin pumps, and insulin jet injectors. Based on end-users the market is segment into, hospitals, diagnostics, and home settings. ?
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Diabetes Monitoring Devices Market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Diabetes Monitoring Devices Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Diabetes Monitoring Devices market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Diabetes Monitoring Devices Market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Diabetes Monitoring Devices Market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Diabetes Monitoring Devices Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Diabetes Monitoring Devices market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Diabetes Monitoring Devices Market in these regions.
MARKET PLAYERS
The report covers key developments in the Diabetes Monitoring Devices Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Diabetes Monitoring Devices Market are anticipated to lucrative growth opportunities in the future with the rising demand for Diabetes Monitoring Devices Market in the global market. Below mentioned is the list of few companies engaged in the Diabetes Monitoring Devices Market.
The report also includes the profiles of key Diabetes Monitoring Devices Market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Abbott Laboratories
- ACON Laboratories, Inc.
- Ascensia Diabetes Care Holdings AG
- Becton, Dickinson and Company
- Dexcom, Inc.
- F. Hoffmann-La Roche Ltd
- Johnson & Johnson
- Medtronic plc.
- Novo Nordisk A/S
- Terumo Corporation.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Diabetes Monitoring Devices Market - By Product
1.3.2 Diabetes Monitoring Devices Market - By End-Users
1.3.3 Diabetes Monitoring Devices Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DIABETES MONITORING DEVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. DIABETES MONITORING DEVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. DIABETES MONITORING DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. DIABETES MONITORING DEVICES - GLOBAL MARKET OVERVIEW
6.2. DIABETES MONITORING DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DIABETES MONITORING DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. BLOOD GLUCOSE MONITORING DEVICES
7.3.1. Overview
7.3.2. Blood Glucose Monitoring Devices Market Forecast and Analysis
7.3.3. Testing Strips Market
7.3.3.1. Overview
7.3.3.2. Testing Strips Market Forecast and Analysis
7.3.4. Self-Monitoring Blood Glucose Meters Market
7.3.4.1. Overview
7.3.4.2. Self-Monitoring Blood Glucose Meters Market Forecast and Analysis
7.3.5. Lancets Market
7.3.5.1. Overview
7.3.5.2. Lancets Market Forecast and Analysis
7.3.6. Continuous Blood Glucose Monitoring Devices Market
7.3.6.1. Overview
7.3.6.2. Continuous Blood Glucose Monitoring Devices Market Forecast and Analysis
7.4. INSULIN DELIVERY DEVICES
7.4.1. Overview
7.4.2. Insulin Delivery Devices Market Forecast and Analysis
7.4.3. Insulin Syringes Market
7.4.3.1. Overview
7.4.3.2. Insulin Syringes Market Forecast and Analysis
7.4.4. Insulin Pens Market
7.4.4.1. Overview
7.4.4.2. Insulin Pens Market Forecast and Analysis
7.4.5. Insulin Pumps Market
7.4.5.1. Overview
7.4.5.2. Insulin Pumps Market Forecast and Analysis
7.4.6. Insulin Jet Injectors Market
7.4.6.1. Overview
7.4.6.2. Insulin Jet Injectors Market Forecast and Analysis
8. DIABETES MONITORING DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - END-USERS
8.1. OVERVIEW
8.2. END-USERS MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. DIAGNOSTICS
8.4.1. Overview
8.4.2. Diagnostics Market Forecast and Analysis
8.5. HOME SETTINGS
8.5.1. Overview
8.5.2. Home Settings Market Forecast and Analysis
9. DIABETES MONITORING DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Diabetes Monitoring Devices Market Overview
9.1.2 North America Diabetes Monitoring Devices Market Forecasts and Analysis
9.1.3 North America Diabetes Monitoring Devices Market Forecasts and Analysis - By Product
9.1.4 North America Diabetes Monitoring Devices Market Forecasts and Analysis - By End-Users
9.1.5 North America Diabetes Monitoring Devices Market Forecasts and Analysis - By Countries
9.1.5.1 United States Diabetes Monitoring Devices Market
9.1.5.1.1 United States Diabetes Monitoring Devices Market by Product
9.1.5.1.2 United States Diabetes Monitoring Devices Market by End-Users
9.1.5.2 Canada Diabetes Monitoring Devices Market
9.1.5.2.1 Canada Diabetes Monitoring Devices Market by Product
9.1.5.2.2 Canada Diabetes Monitoring Devices Market by End-Users
9.1.5.3 Mexico Diabetes Monitoring Devices Market
9.1.5.3.1 Mexico Diabetes Monitoring Devices Market by Product
9.1.5.3.2 Mexico Diabetes Monitoring Devices Market by End-Users
9.2. EUROPE
9.2.1 Europe Diabetes Monitoring Devices Market Overview
9.2.2 Europe Diabetes Monitoring Devices Market Forecasts and Analysis
9.2.3 Europe Diabetes Monitoring Devices Market Forecasts and Analysis - By Product
9.2.4 Europe Diabetes Monitoring Devices Market Forecasts and Analysis - By End-Users
9.2.5 Europe Diabetes Monitoring Devices Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Diabetes Monitoring Devices Market
9.2.5.1.1 Germany Diabetes Monitoring Devices Market by Product
9.2.5.1.2 Germany Diabetes Monitoring Devices Market by End-Users
9.2.5.2 France Diabetes Monitoring Devices Market
9.2.5.2.1 France Diabetes Monitoring Devices Market by Product
9.2.5.2.2 France Diabetes Monitoring Devices Market by End-Users
9.2.5.3 Italy Diabetes Monitoring Devices Market
9.2.5.3.1 Italy Diabetes Monitoring Devices Market by Product
9.2.5.3.2 Italy Diabetes Monitoring Devices Market by End-Users
9.2.5.4 Spain Diabetes Monitoring Devices Market
9.2.5.4.1 Spain Diabetes Monitoring Devices Market by Product
9.2.5.4.2 Spain Diabetes Monitoring Devices Market by End-Users
9.2.5.5 United Kingdom Diabetes Monitoring Devices Market
9.2.5.5.1 United Kingdom Diabetes Monitoring Devices Market by Product
9.2.5.5.2 United Kingdom Diabetes Monitoring Devices Market by End-Users
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Diabetes Monitoring Devices Market Overview
9.3.2 Asia-Pacific Diabetes Monitoring Devices Market Forecasts and Analysis
9.3.3 Asia-Pacific Diabetes Monitoring Devices Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Diabetes Monitoring Devices Market Forecasts and Analysis - By End-Users
9.3.5 Asia-Pacific Diabetes Monitoring Devices Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Diabetes Monitoring Devices Market
9.3.5.1.1 Australia Diabetes Monitoring Devices Market by Product
9.3.5.1.2 Australia Diabetes Monitoring Devices Market by End-Users
9.3.5.2 China Diabetes Monitoring Devices Market
9.3.5.2.1 China Diabetes Monitoring Devices Market by Product
9.3.5.2.2 China Diabetes Monitoring Devices Market by End-Users
9.3.5.3 India Diabetes Monitoring Devices Market
9.3.5.3.1 India Diabetes Monitoring Devices Market by Product
9.3.5.3.2 India Diabetes Monitoring Devices Market by End-Users
9.3.5.4 Japan Diabetes Monitoring Devices Market
9.3.5.4.1 Japan Diabetes Monitoring Devices Market by Product
9.3.5.4.2 Japan Diabetes Monitoring Devices Market by End-Users
9.3.5.5 South Korea Diabetes Monitoring Devices Market
9.3.5.5.1 South Korea Diabetes Monitoring Devices Market by Product
9.3.5.5.2 South Korea Diabetes Monitoring Devices Market by End-Users
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Diabetes Monitoring Devices Market Overview
9.4.2 Middle East and Africa Diabetes Monitoring Devices Market Forecasts and Analysis
9.4.3 Middle East and Africa Diabetes Monitoring Devices Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Diabetes Monitoring Devices Market Forecasts and Analysis - By End-Users
9.4.5 Middle East and Africa Diabetes Monitoring Devices Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Diabetes Monitoring Devices Market
9.4.5.1.1 South Africa Diabetes Monitoring Devices Market by Product
9.4.5.1.2 South Africa Diabetes Monitoring Devices Market by End-Users
9.4.5.2 Saudi Arabia Diabetes Monitoring Devices Market
9.4.5.2.1 Saudi Arabia Diabetes Monitoring Devices Market by Product
9.4.5.2.2 Saudi Arabia Diabetes Monitoring Devices Market by End-Users
9.4.5.3 U.A.E Diabetes Monitoring Devices Market
9.4.5.3.1 U.A.E Diabetes Monitoring Devices Market by Product
9.4.5.3.2 U.A.E Diabetes Monitoring Devices Market by End-Users
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Diabetes Monitoring Devices Market Overview
9.5.2 South and Central America Diabetes Monitoring Devices Market Forecasts and Analysis
9.5.3 South and Central America Diabetes Monitoring Devices Market Forecasts and Analysis - By Product
9.5.4 South and Central America Diabetes Monitoring Devices Market Forecasts and Analysis - By End-Users
9.5.5 South and Central America Diabetes Monitoring Devices Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Diabetes Monitoring Devices Market
9.5.5.1.1 Brazil Diabetes Monitoring Devices Market by Product
9.5.5.1.2 Brazil Diabetes Monitoring Devices Market by End-Users
9.5.5.2 Argentina Diabetes Monitoring Devices Market
9.5.5.2.1 Argentina Diabetes Monitoring Devices Market by Product
9.5.5.2.2 Argentina Diabetes Monitoring Devices Market by End-Users
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. DIABETES MONITORING DEVICES MARKET, KEY COMPANY PROFILES
11.1. ABBOTT LABORATORIES
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ACON LABORATORIES, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ASCENSIA DIABETES CARE HOLDINGS AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BECTON, DICKINSON AND COMPANY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DEXCOM, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. F. HOFFMANN-LA ROCHE LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. JOHNSON AND JOHNSON
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MEDTRONIC PLC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. NOVO NORDISK A/S
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TERUMO CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Abbott Laboratories
2. ACON Laboratories, Inc.
3. Ascensia Diabetes Care Holdings AG
4. Becton, Dickinson and Company
5. Dexcom, Inc.
6. F. Hoffmann-La Roche Ltd
7. Johnson & Johnson
8. Medtronic plc.
9. Novo Nordisk A/S
10. Terumo Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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