Favourable Diabetes Devices and Drugs Market Conditions Should Aid Long Term Growth

Press Release   •   Jan 04, 2017 06:58 EST

The global diabetes devices and drugs market is driven primarily by the expanding diabetic population around the world. In 2014, the global prevalence of diabetes was recorded to be 9% among adults of age 18 years and older, says the WHO. In addition to this, extensive R&D activities are resulting in turnaround changes in the global diabetes devices and drugs market. The global diabetes devices and drugs market will also benefit from the increasing technological innovation and the rising demand for self-monitoring and insulin delivery devices.

Obtain the Future Analysis of Diabetes Devices and Drugs Market at:

However, there are certain hurdles that will suppress the growth of the market. These include: Unfavorable reimbursement policies, patent expiry, depleting profit margins, high diagnosis and treatment cost, and hard entry barriers discouraging new players from penetrating the market.By device type, the global diabetes devices and drugs market is divided into diabetes monitoring and diagnostic devices (continuous glucose monitoring devices, analog glucose meters, glucose test strips, lancets and lancing devices, and others) and insulin delivery devices (insulin injectors, insulin pumps, insulin pens, and insulin syringes). By 2019, the segment of test strips is projected to emerge as the leading segment. On the other hand, the segment of continuous glucose monitoring devices is expected to demonstrate the fastest growth during the forecasting horizon.

Therapy-wise, the global diabetes devices and drugs market is segmented into insulin, non-insulin injectable anti-diabetes drugs, and oral anti-diabetes drugs. Long-acting insulin derivatives held a share of 42.7% in the global diabetes devices and drugs market in 2012. Among oral anti-diabetes drugs, the SGLT-2 inhibitors segment will witness a remarkable CAGR of 76.80% during the forecast period.

On the basis of geography, the global diabetes devices and drugs market is classified into Asia Pacific, Europe, North America, and Rest of the World (RoW). North America is leading the global diabetes devices and drugs market due to the growing diabetic population and rising demand for novel devices and high-quality drugs. Nevertheless, it is Asia Pacific that is projected to witness the highest growth during the forecast period. The Asia Pacific diabetic devices and drugs market will be driven by its rising diabetic population, growing awareness regarding self-monitoring of diabetes, elevated medical expenditure, and rising penetration of healthcare technology.

Read the Present Market Status of Diabetes Devices and Drugs at:

Players in the global diabetes devices and drugs market will benefit from the opportunity presented by the development of new formulations of insulin. Moreover, development of non-invasive diabetes diagnostic and drug delivery devices will offer new market leads. The most established players in the global diabetes devices and drugs market are Abbott Laboratories, B. Braun Melsungen, AstraZeneca, Bayer HealthCare, DexCom, and Eli Lilly and Company.

US Office Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453



Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.