Market Overview:
The global home diabetes care device market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of diabetes, growing awareness about home diabetes care devices, and technological advancements in home diabetes care devices. The blood glucose meters segment is expected to account for the largest share of the global home diabetes care device market in 2018. This segment is also projected to grow at the highest CAGR during the forecast period. The growth in this segment can be attributed to factors such as rising incidence of type 2 diabetes and growing awareness about blood glucose meters among people with type 2 diabetes. In terms of application, retail pharmacies are expected to account for the largest share of the global home Diabetes Care Device Market in 2018 followed by online pharmacies.
Product Definition:
A home diabetes care device is a small, portable machine that helps people with diabetes track their blood sugar levels. People with diabetes use these devices to monitor their blood sugar levels on a daily basis. Home diabetes care devices are important because they allow people with diabetes to closely monitor their blood sugar levels and make changes to their treatment plan as needed.
Blood Glucose Meters:
Blood glucose meters are devices used to measure blood sugar levels in humans. They are small portable devices that come in the form of a watch or a wristband and can be attached to clothing or the skin with adhesive backing. The most common use of these meters is by people who have diabetes, but they also find wide application in obese patients, athletes, and those on diet.
Blood Glucose Test Strips:
Blood glucose test strips are used for monitoring blood sugar level in patients suffering from diabetes. The test strips come with a lancet and are used to extract the blood sample which is then applied to the testing area. The results give an accurate reading of the blood sugar level of patient as compared to that given by other devices.
Application Insights:
The others application segment held the largest share of over 50.0% in 2017. The retail pharmacies are expected to be the fastest-growing segment, with a CAGR of XX% from 2018 to 2030 owing to an increase in demand for home diabetes care devices among patients who prefer self-monitoring and do not have adequate time or inclination for visits to pharmacist¢â‚¬â„¢s stores or clinics.
In addition, online pharmacies also hold promising growth prospects due largely on increasing internet usage rates coupled with growing awareness about better healthcare services across various regions of the world including Asia Pacific and Middle East & Africa which is anticipated to boost product demand over the forecast period.
Increasing cases of type 1 diabetes as well as other forms of diabetes have led pharmaceutical companies including Medtronic PLC, Novartis AG., Pfizer Inc.
Regional Analysis:
North America dominated the global home diabetes care device market in 2017. This can be attributed to the presence of a large patient pool, high awareness levels coupled with relatively higher healthcare expenditure and better reimbursement policies & coverage. The Asia Pacific is expected to grow at a lucrative rate during the forecast period owing to increasing disposable income, rising population along with an increase in consumer awareness regarding availability of these devices and their benefits. Moreover, government initiatives for creating awareness about these products are also anticipated to propel market growth over the forecast period.
The Asia Pacific region has one of the largest diabetic populations globally accounting for around 60%of all cases worldwide; this number is estimatedto rise up till 2030 due to various factors such as westernization diet & lifestyle changes which ultimately leadto an increase in blood glucose levels thereby increasing susceptibilityto various diseases including blindness (retinopathy), kidney disease (nephropathy).
Growth Factors:
- Increasing prevalence of diabetes: The global prevalence of diabetes is increasing at an alarming rate. This is primarily because of the changing lifestyle and dietary habits. As a result, there is an increased demand for home diabetes care devices that can help people to manage their condition effectively.
- Rising awareness about diabetes: There has been a significant increase in the awareness about diabetes in recent years. This has led to more people being interested in using home diabetes care devices to manage their condition effectively.
- Technological advancements: Home diabetes care devices are constantly evolving with new and innovative technologies being introduced into the market regularly. This helps to improve the accuracy and effectiveness of these devices, which leads to greater adoption rates among consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Diabetes Care Device Market Research Report
By Type
Blood Glucose Meters, Blood Glucose Test Strips, Insulin Syringes, Insulin Pumps, Others
By Application
Retail Pharmacies, Online Pharmacies, Others
By Companies
Roche, Medtronic, J&J, Abbott, Ascensia Diabetes Care, BD, Dexcom, ARKRAY Inc, B. Braun, Terumo Corporation, Ypsomed, Sannuo, Sanofi, I Sens, Alere
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Home Diabetes Care Device Market Report Segments:
The global Home Diabetes Care Device market is segmented on the basis of:
Types
Blood Glucose Meters, Blood Glucose Test Strips, Insulin Syringes, Insulin Pumps, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail Pharmacies, Online Pharmacies, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Roche
- Medtronic
- J&J
- Abbott
- Ascensia Diabetes Care
- BD
- Dexcom
- ARKRAY Inc
- B. Braun
- Terumo Corporation
- Ypsomed
- Sannuo
- Sanofi
- I Sens
- Alere
Highlights of The Home Diabetes Care Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Blood Glucose Meters
- Blood Glucose Test Strips
- Insulin Syringes
- Insulin Pumps
- Others
- By Application:
- Retail Pharmacies
- Online Pharmacies
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Home Diabetes Care Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A home diabetes care device is a small, portable device that helps people with diabetes manage their blood sugar levels. Home diabetes care devices can include blood glucose meters, insulin pumps, and other devices.
Some of the key players operating in the home diabetes care device market are Roche, Medtronic, J&J, Abbott, Ascensia Diabetes Care, BD, Dexcom, ARKRAY Inc, B. Braun, Terumo Corporation, Ypsomed, Sannuo, Sanofi, I Sens, Alere.
The home diabetes care device market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Home Diabetes Care Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Home Diabetes Care Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Home Diabetes Care Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Home Diabetes Care Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Home Diabetes Care Device Market Size & Forecast, 2018-2028
4.5.1 Home Diabetes Care Device Market Size and Y-o-Y Growth
4.5.2 Home Diabetes Care Device Market Absolute $ Opportunity
Chapter 5 Global Home Diabetes Care Device Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Home Diabetes Care Device Market Size Forecast by Type
5.2.1 Blood Glucose Meters
5.2.2 Blood Glucose Test Strips
5.2.3 Insulin Syringes
5.2.4 Insulin Pumps
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Home Diabetes Care Device Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Home Diabetes Care Device Market Size Forecast by Applications
6.2.1 Retail Pharmacies
6.2.2 Online Pharmacies
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Home Diabetes Care Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Home Diabetes Care Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Home Diabetes Care Device Analysis and Forecast
9.1 Introduction
9.2 North America Home Diabetes Care Device Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Home Diabetes Care Device Market Size Forecast by Type
9.6.1 Blood Glucose Meters
9.6.2 Blood Glucose Test Strips
9.6.3 Insulin Syringes
9.6.4 Insulin Pumps
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Home Diabetes Care Device Market Size Forecast by Applications
9.10.1 Retail Pharmacies
9.10.2 Online Pharmacies
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Home Diabetes Care Device Analysis and Forecast
10.1 Introduction
10.2 Europe Home Diabetes Care Device Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Home Diabetes Care Device Market Size Forecast by Type
10.6.1 Blood Glucose Meters
10.6.2 Blood Glucose Test Strips
10.6.3 Insulin Syringes
10.6.4 Insulin Pumps
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Home Diabetes Care Device Market Size Forecast by Applications
10.10.1 Retail Pharmacies
10.10.2 Online Pharmacies
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Home Diabetes Care Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Home Diabetes Care Device Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Home Diabetes Care Device Market Size Forecast by Type
11.6.1 Blood Glucose Meters
11.6.2 Blood Glucose Test Strips
11.6.3 Insulin Syringes
11.6.4 Insulin Pumps
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Home Diabetes Care Device Market Size Forecast by Applications
11.10.1 Retail Pharmacies
11.10.2 Online Pharmacies
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Home Diabetes Care Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Home Diabetes Care Device Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Home Diabetes Care Device Market Size Forecast by Type
12.6.1 Blood Glucose Meters
12.6.2 Blood Glucose Test Strips
12.6.3 Insulin Syringes
12.6.4 Insulin Pumps
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Home Diabetes Care Device Market Size Forecast by Applications
12.10.1 Retail Pharmacies
12.10.2 Online Pharmacies
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Home Diabetes Care Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Home Diabetes Care Device Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Home Diabetes Care Device Market Size Forecast by Type
13.6.1 Blood Glucose Meters
13.6.2 Blood Glucose Test Strips
13.6.3 Insulin Syringes
13.6.4 Insulin Pumps
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Home Diabetes Care Device Market Size Forecast by Applications
13.10.1 Retail Pharmacies
13.10.2 Online Pharmacies
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Home Diabetes Care Device Market: Competitive Dashboard
14.2 Global Home Diabetes Care Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Roche
14.3.2 Medtronic
14.3.3 J&J
14.3.4 Abbott
14.3.5 Ascensia Diabetes Care
14.3.6 BD
14.3.7 Dexcom
14.3.8 ARKRAY Inc
14.3.9 B. Braun
14.3.10 Terumo Corporation
14.3.11 Ypsomed
14.3.12 Sannuo
14.3.13 Sanofi
14.3.14 I Sens
14.3.15 Alere
