The
global Diabetes Devices Market size is expected to reach
USD 35.5 billion by 2024, according to a new report by Grand View Research,
Inc. The market is projected to expand at a CAGR of 7.0% during the forecast
period. Growing cases of diabetes, due to obesity, sedentary and unhealthy
lifestyles, and several other factors, is expected to drive demand for diabetes
devices over the next few years.
Obesity is
believed to be one of the foremost factors leading to diabetes in individuals.
According to WHO, in 2014, over 1.9 billion people were identified to be
overweight, of which, around 600 million people were obese.
Some of the
key companies in the global diabetes devices market are Medtronic PLC, Sanofi
S.A., Bayer Healthcare AG, Becton, Dickinson and Company, Novo Nordisk A/S,
Abbott Laboratories, F. Hoffman-La Roche AG, and Johnson & Johnson.
Browse
Details of Report @
https://www.grandviewresearch.com/industry-analysis/diabetes-devices-market
https://www.grandviewresearch.com/industry-analysis/diabetes-devices-market
Further
key findings from the study suggest:
- Constantly rising target population base is the primary factor
driving market growth
- Test strips capturedthe largest share in the monitoring and
diagnostics device segment while insulin pens accounted for the largest
revenue share among insulin delivery devices in 2016. This can be
attributed to rapid adoption of these user-friendly, quick, and accurate
devices for homecare use
- North America is leading the regional market, followed by Europe.
Advanced healthcare infrastructure and availability of technologically
advanced products have driven the regional market
- Key players in the market include Medtronic PLC, Sanofi S.A., Bayer
Healthcare AG, Becton Dickinson and Company, Novo Nordisk A/S, Abbott
Laboratories, F. Hoffman-La Roche AG and Johnson & Johnson.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
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