Artificial Intelligence driven Marketing Communications
the global diabetes treatment devices market to reach a value of US$ 16,706.4 Mn from US$ 10,826.6 Mn. The forecast period is set from 2018 to 2026, and the market is expected to grow at a CAGR of 5.6%. All information related to the market is provided in the report, titled,” Diabetes Treatment Devices Market Size, Share and Global Trend by Product (Insulin Pens, Insulin Pumps, Insulin Jet Injectors, Insulin Syringes, Others), By Distribution Channel (Institutional Sales (Hospitals, Clinics), Retail Sales (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies)) and Geography Forecast till 2026”. The rising prevalence of diabetes on worldwide basis is the main factors propelling growth of the diabetes treatment devices market.
Asia Pacific to Emerge Dominant on Account of Mass Patient Pool
Fortune Business Insights foresees the global diabetes treatment devices market to be dominated by Asia Pacific. This is likely to remain the same in the forecast duration as well owing to the rising geriatric population and their susceptibility towards various diseases especially diabetes and heart problems. In 2018, Asia Pacific generated a revenue of US$ 4,334.8 Mn owing to the increasing adoption of advanced insulin device for treating diabetes.
The American Diabetes Association published an article stating 60% people in Asia Pacific live with diabetes out of which one-half is registered by China and India together. The huge patient pool for diabetes is a major factor promoting growth of the global diabetes treatment device market in the coming years.
Rising healthcare Issues Related to Diabetes Encouraging People to Opt for Diabetic Treatment Equipment
As mentioned earlier, the rising prevalence of diabetic people around the world is a major driver for the diabetes treatment device market. This, coupled with advancement in technology and upgradation of existing devices used for diagnosing diabetes is also fueling its demand in the market. The rising healthcare expenditures for diabetes-related issues, especially in developing nations is propelling the demand for using diabetic equipment such as insulin pens and insulin pumps. This is further expected to drive the market in the coming years.
However, the market may face challenges, such as high cost of devices used for treating diabetes which may discourage people from opting these devices. In addition to that, the presence of traditional diabetes treatment methods such as regular allopathic medicines, restricted diet and others may also stop people from adopting the trial and testing methods of controlling diabetes. Furthermore, lack of reimbursement policies, especially in emerging nations may also hamper the market in the long run.
By Distribution Channel
Key questions answered in the Diabetes Treatment Devices Market report:
What will the market growth rate of Diabetes Treatment Devices market in 2025?
What are the key factors driving the Global Diabetes Treatment Devices market?
What are sales, revenue, and price analysis of top manufacturers of Diabetes Treatment Devices market?
Who are the distributors, traders and dealers of Diabetes Treatment Devices market?
Who are the key vendors in Diabetes Treatment Devices market space?
What are the Diabetes Treatment Devices market opportunities and threats faced by the vendors in the Asia Diabetes Treatment Devices market?
What are sales, revenue, and price analysis by types, application and regions of Diabetes Treatment Devices market?
What are the market opportunities, market risk and market overview of the Diabetes Treatment Devices market?
More Trending Topics From Fortune Business [email protected]
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Diabetes Treatment Devices Market 2019 Global Industry Size, Future Trends, Growth Key Factors, Demand, Business Share, Sales & Income, Manufacture Players, Application, Scope, and Opportunities Analysis by Outlook â 2026