At 6.7% CAGR, Asia Pacific Diabetes Care Devices Market Size is Expected to Exhibit 8,880.7 Mn USD by 2027
Aug 13, 2019
MarketStudyReport.com Adds New Asia Pacific Diabetes Care Devices Market 2019 – 2027 research report providing information and data by Product, End User, Country, Industry Analysis, Regional Outlook, Competitive Market Share & Forecast spreading across 152 Pages with table and figures in it.
Delaware, Selbyville - August 13, 2019 /MarketersMedia/ —
Homecare held a largest market share of 59.8% of the diabetes care devices market, by end user. This segment is also expected to dominate the market in 2027 owing to the rise in the demand for the glucose monitoring devices and insulin delivery devices. Increasing prevalence of diabetes, the ease of use, availability, and accessibility of insulin delivery devices has also increased the adoption of self-administration among patients is anticipated to grow at a steady rate during the forecast period. Also, the homecare segment is also expected to grow at the fastest growth rate of 6.9% during the forecast period, 2019 to 2027.
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The growth of the diabetes care devices market is primarily attributed to the rapid technological advancements in diabetes care devices and increasing rate of obesity. However, high cost of diabetes care devices and increasing prevalence of type 2 diabetes are likely to pose a negative impact on the market growth. On the other hand, growing medical tourism in developing countries is likely to have a positive impact on the growth of the Asia Pacific diabetes care devices market in the coming years.
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 2018. The market is estimated to grow with a CAGR of 6.7% from 2019-2027.
In 2018, the glucose monitoring devices segment held a largest market share of 54.0% of the diabetes care devices market, by product. The glucose monitoring devices is expected to dominate its market share in 2027 owing to the rise in the prevalence of the type 2 diabetes in the region. The testing strips segment among the glucose monitoring devices is anticipated to witness the fastest growth rate of 7.6% during the forecast period, 2019 to 2027 owing to the enormous usages in the glucose monitoring devices.
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The advancement in the field of the healthcare industry is driving to the players for more research and developments for the diabetes care devices for the administration purpose required during various medical conditions. The pen needles used in various injection pens have evolved gradually in terms of material, performance, dimensions and safety factors such as sterility and safety packaging. Various manufacturers are coming up with innovative products to sustain in the highly fragmented diabetes care devices market, in the region. Moreover, the easy regulatory approvals in the Asian countries has led to mid-sized companies enter the market and compete with the local and established players. For instance, in May 2018, Hindustan Syringes and Medical Devices (HMD), one of the leading manufacturers of disposable syringes introduced ?Dispovan? insulin pen needle which is the first made-in-India disposable pen needle that is technologically efficient and affordable than that of the currently available products in the market. Development of pen needles with precise lubrication to reduce the pain sensation has been another focus of manufacturers during the research. Thus, owing to the above mentioned factors the market for diabetes care devices anticipated to grow rapidly in the forecast period, in the region.
Some of the major primary and secondary sources for diabetes care devices included in the report are, China Initiative for Diabetes Excellence (CIDE), Centers for Diabetes and Endocrinology (CDE), Public Health England (PHE), Centers for Disease Control and Prevention (CDC), Food and Drug Administration (FDA), International Diabetes Federation (IDF) and others.
Table of content:
1.1 Scope Of The Study
1.2 The Insight Partners Research Report Guidance
2. Asia Pacific Diabetes Care Devices Market ? Key Takeaways
3. Asia Pacific Diabetes Care Devices Market ? Market Landscape
3.1 Overview
3.2 Market Segmentation
3.2.1 Asia Pacific Diabetes Care Devices Market ? By Product
3.2.2 Asia Pacific Diabetes Care Devices Market ? By End User
3.2.3 Asia Pacific Diabetes Care Devices Market ? By Country
3.3 PEST Analysis
4. Asia Pacific Diabetes Care Devices Market - Key Market Dynamics
4.1 Key Market Drivers
4.1.1 Rapid Technological Advancements in Diabetes Care Devices
4.1.2 Increasing Rate of Obesity
4.2 Key Market Restraints
4.2.1 High Cost of Diabetes Care Devices
4.2.2 Increasing prevalence of Type 2 Diabetes
4.3 Key Market Opportunities
4.3.1 Growing Medical Tourism In Developing Countries
4.4 Future Trends
4.4.1 Increasing Prevalence of Obesity Across The Region
4.5 Impact Analysis
5. Diabetes Care Devices Market ? Asia Pacific Analysis
5.1 Asia Pacific Diabetes Care Devices Market Revenue Forecasts And Analysis
5.2 Market Positioning
5.3 Performance of Key Players
5.3.1 Medtronic
5.3.2 F. Hoffmann-La Roche Ltd.
6. Asia Pacific Diabetes Care Devices Market Analysis ? By Product
6.1 Overview
6.2 Asia Pacific Diabetes Care Devices Market By Product, 2018 & 2027 (%)
6.3 Asia Pacific Diabetes Care Devices Market Revenue And Forecasts To 2027, By Product (Us$ Mn)
6.3.1 Asia Pacific Glucose Monitoring Devices Market Revenue And Forecasts to 2027, By Type (US$ Mn)
6.3.2 Asia Pacific Insulin Delivery Devices Market Revenue And Forecasts to 2027, By Type (US$ Mn)
6.4 Glucose Monitoring Devices Market
6.4.1 Overview
6.4.2 Asia Pacific Glucose Monitoring Devices Market Revenue and Forecast to 2027 (US$ Mn)
6.4.3 Glucometers Market
6.4.3.1 Overview
6.4.3.2 Asia Pacific Glucometers Market Revenue and Forecast to 2027 (US$ Mn)
6.4.4 Lancets Market
Related Report:
Global (United States, European Union and China) Diabetes Care Devices & Drugs Market Research Report 2019-2025
In 2019, the market size of Diabetes Care Devices & Drugs is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
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