Product Code: PM1326
The Diabetes Devices Market size is expected to reach USD 59.32 billion by 2032, according to a new study by Polaris Market Research. The report "Diabetes Devices Market Share, Size, Trends, Industry Analysis Report, By Type (BGM Devices, Continuous Glucose Monitoring Devices, Insulin Delivery Devices); By End-use; By Distribution Channel; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global diabetes devices market is driven by a rise in the diabetic population, the aging population, and technological innovations in devices, particularly in sensors. Adoption of these in developing regions is subject to favorable government policies and strong healthcare infrastructure. In line with this, the Government of India (GOI), under the "Free Drugs Service" of the National Health Mission (NHM), financial support is provided to the states to provide essential medicines, including insulin, to the poor people. Moreover, all quality generic (OTC) medicines will be at affordable prices under the "Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP)" in association with participating states.
For instance, according to the Federation of European Nurses in Diabetes, the cost of diabetes management across the EU region is estimated to account for 3.0%-15% of the total spending on healthcare. The Czech Republic ranked as the highest diabetes spending country, accounting for 15% of its healthcare budget.
AI and machine learning are effectively being used for diabetes care patient outcomes, early diagnosis, and prevention. It helps in understanding the underlying risk factors to predict risk complications or interventions for preventing diabetes, the likelihood of diabetic retinopathy, and nephropathy. AI also helps in improving lifestyle management to enhance positive clinical decisions and patient engagement. In line with this, in February 2024, Diabimetrics introduced revolutionary technology to bridge the gap between diabetes management. It uses AI based analysis for personalized treatment for poor patients. It uses predictive analytics with the help of eating habits, exercise patterns, stress levels, and quality sleep levels to analyze hormone imbalances.
Diabetes Devices Market Report Highlights
Insulin delivery devices held the largest share, owing to the rise in diabetic patients seeking insulin via automated devices with metered dosage
Blood glucose monitoring is expected to grow with moderate CAGR due to the presence of real-time glucose monitors and wearables to sense metabolic activities
Hospital pharmacies held the largest share due to the presence of robust healthcare infrastructure and clinical facilities
APAC will grow rapidly, primarily due to the presence of a huge number of diabetic patients and favorable government initiatives
The global players include Abbott Diabetes Care, Dexcom, BD, Medtronic PLC, Molex, and Roche Diabetes Care.
Polaris Market Research has segmented the Diabetes Devices Market report based on type, end-use, distribution channel, and region:
Diabetes Devices, Type Outlook (Revenue - USD Billion, 2019 - 2032)
- BGM Devices
- Self-Monitoring Devices
- Blood Glucose Meters
- Testing Strips
- Lancets
- Continuous Glucose Monitoring Devices
- Sensors
- Transmitters
- Receiver
- Insulin Delivery Devices
- Pumps
- Pens
- Syringes
- Jet Injectors
Diabetes Devices, End-use Outlook (Revenue - USD Billion, 2019 - 2032)
- Hospitals
- Diagnostic Centers
- Homecare
Diabetes Devices, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)
- Hospital Pharmacies
- Retail Pharmacies
- Diabetes Clinics/Centers
- Online Pharmacies
- Others
Diabetes Devices, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of Asia Pacific
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of Middle East & Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Diabetes Device Market Insights
- 4.1. Diabetes Device Market - Distribution Channel Snapshot
- 4.2. Diabetes Device Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. The rising incidence of diabetic patients has spurred the demand for diabetes devices
- 4.2.1.2. Technological advancements in diabetes devices are propelling the market growth
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Higher economic costs are likely to limit the market growth
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Diabetes Device Market Distribution Channel Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Diabetes Device Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 5.3. BGM Devices
- 5.3.1. Global Diabetes Device Market, by BGM Devices, by Region, 2019-2032 (USD Billion)
- 5.3.2. Self-Monitoring Devices
- 5.3.2.1. Global Diabetes Device Market, by Self-Monitoring Devices, by Region, 2019-2032 (USD Billion)
- 5.3.3. Blood Glucose Meters
- 5.3.3.1. Global Diabetes Device Market, by Blood Glucose Meters, by Region, 2019-2032 (USD Billion)
- 5.3.4. Testing Strips
- 5.3.4.1. Global Diabetes Device Market, by Testing Strips, by Region, 2019-2032 (USD Billion)
- 5.3.5. Lancets
- 5.3.5.1. Global Diabetes Device Market, by Lancets, by Region, 2019-2032 (USD Billion)
- 5.4. Continuous Glucose Monitoring Devices
- 5.4.1. Global Diabetes Device Market, by Continuous Glucose Monitoring Devices, by Region, 2019-2032 (USD Billion)
- 5.4.2. Sensors
- 5.4.2.1. Global Diabetes Device Market, by Sensors, by Region, 2019-2032 (USD Billion)
- 5.4.3. Transmitters
- 5.4.3.1. Global Diabetes Device Market, by Transmitters, by Region, 2019-2032 (USD Billion)
- 5.4.4. Receiver
- 5.4.4.1. Global Diabetes Device Market, by Receiver, by Region, 2019-2032 (USD Billion)
- 5.5. Insulin Delivery Devices
- 5.5.1. Global Diabetes Device Market, by Insulin Delivery Devices, by Region, 2019-2032 (USD Billion)
- 5.5.2. Pumps
- 5.5.2.1. Global Diabetes Device Market, by Pumps, by Region, 2019-2032 (USD Billion)
- 5.5.3. Pens
- 5.5.3.1. Global Diabetes Device Market, by Pens, by Region, 2019-2032 (USD Billion)
- 5.5.4. Syringes
- 5.5.4.1. Global Diabetes Device Market, by Syringes, by Region, 2019-2032 (USD Billion)
- 5.5.5. Jet Injectors
- 5.5.5.1. Global Diabetes Device Market, by Jet Injectors, by Region, 2019-2032 (USD Billion)
6. Global Diabetes Device Market, by End-use
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 6.3. Hospitals
- 6.3.1. Global Diabetes Device Market, by Hospitals, by Region, 2019-2032 (USD Billion)
- 6.4. Diagnostic Centers
- 6.4.1. Global Diabetes Device Market, by Diagnostic Centers, by Region, 2019-2032 (USD Billion)
- 6.5. Homecare
- 6.5.1. Global Diabetes Device Market, by Homecare, by Region, 2019-2032 (USD Billion)
7. Global Diabetes Device Market, by Distribution Channel
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.3. Hospital Pharmacies
- 7.3.1. Global Diabetes Device Market, by Hospital Pharmacies, By Region, 2019-2032 (USD Billion)
- 7.4. Retail Pharmacies
- 7.4.1. Global Diabetes Device Market, by Retail Pharmacies, By Region, 2019-2032 (USD Billion)
- 7.5. Diabetes Clinics/Centers
- 7.5.1. Global Diabetes Device Market, by Diabetes Clinics/Centers, By Region, 2019-2032 (USD Billion)
- 7.6. Online Pharmacies
- 7.6.1. Global Diabetes Device Market, by Online Pharmacies, By Region, 2019-2032 (USD Billion)
- 7.7. Others
- 7.7.1. Global Diabetes Device Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Diabetes Device Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Diabetes Device Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Diabetes Device Market - North America
- 8.3.1. North America: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.3.2. North America: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.3.3. North America: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.3.4. Diabetes Device Market - U.S.
- 8.3.4.1. U.S.: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.3.5. Diabetes Device Market - Canada
- 8.3.5.1. Canada: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.4. Diabetes Device Market - Europe
- 8.4.1. Europe: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.3. Europe: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.4.4. Diabetes Device Market - UK
- 8.4.4.1. UK: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.4.5. Diabetes Device Market - France
- 8.4.5.1. France: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.5.3. France: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.4.6. Diabetes Device Market - Germany
- 8.4.6.1. Germany: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.4.7. Diabetes Device Market - Italy
- 8.4.7.1. Italy: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.4.8. Diabetes Device Market - Spain
- 8.4.8.1. Spain: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.4.9. Diabetes Device Market - Netherlands
- 8.4.9.1. Netherlands: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.4.10. Diabetes Device Market - Russia
- 8.4.10.1. Russia: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.5. Diabetes Device Market - Asia Pacific
- 8.5.1. Asia Pacific: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.5.4. Diabetes Device Market - China
- 8.5.4.1. China: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.4.3. China: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.5.5. Diabetes Device Market - India
- 8.5.5.1. India: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.5.3. India: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.5.6. Diabetes Device Market - Malaysia
- 8.5.6.1. Malaysia: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.5.7. Diabetes Device Market - Japan
- 8.5.7.1. Japan: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.5.8. Diabetes Device Market - Indonesia
- 8.5.8.1. Indonesia: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.5.9. Diabetes Device Market - South Korea
- 8.5.9.1. South Korea: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.6. Diabetes Device Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.6.4. Diabetes Device Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.6.5. Diabetes Device Market - UAE
- 8.6.5.1. UAE: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.6.6. Diabetes Device Market - Israel
- 8.6.6.1. Israel: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.6.7. Diabetes Device Market - South Africa
- 8.6.7.1. South Africa: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.7. Diabetes Device Market - Latin America
- 8.7.1. Latin America: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.7.4. Diabetes Device Market - Mexico
- 8.7.4.1. Mexico: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.7.5. Diabetes Device Market - Brazil
- 8.7.5.1. Brazil: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
- 8.7.6. Diabetes Device Market - Argentina
- 8.7.6.1. Argentina: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Abbott Diabetes Care
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. B Braun Melsungen AG
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. BD
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Biocorp
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. DexCom, Inc
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Johnson & Johnson
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. GlucoModicum
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. LifeScan Inc
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Medtronic PLC
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Molex
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Novo Nordisk
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Phillips-Medisize
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Roche Diabetes Care
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Senseonics, Inc
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Tandem Diabetes Care, Inc
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development