Pune, India -- (SBWIRE) -- 11/19/2020 -- 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)) & Geography Forecast till 2026". The rising prevalence of diabetes on worldwide basis is the main factors propelling growth of the diabetes treatment devices market.

The report covers:

Global Diabetes Treatment Devices Market trends, with detailed analysis on consumer trends & manufacturer trends.
Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
Key areas of investments identifying market opportunities and challenges in forecast timeframe.
Competitive analysis of the industry players along with the overview on strategic management.
Comprehensive company profiles of the major industry players.

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Leading Players operating in the Diabetes Treatment Devices Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

Hoffmann-La Roche Ltd.
Medtronic
Tandem Diabetes Care, Inc.
BD, Eli Lilly
Company
Sanofi
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.

Key Segmentation:

By Product

Insulin Pens
Insulin Pumps
Insulin Jet Injectors
Insulin Syringes
Others
By Distribution Channel

Institutional Sales
Hospitals
Clinics
Others
Retail Sales
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
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.

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Report Focus:

Extensive product offerings
Customer research services
Robust research methodology
Comprehensive reports
Latest technological developments
Value chain analysis
Potential Diabetes Treatment Devices Market opportunities
Growth dynamics
Quality assurance
Post-sales support
Regular report updates
Reasons to Purchase this Report:

Comprehensive analysis of the Diabetes Treatment Devices Market growth drivers, obstacles, opportunities, and other related challenges.
Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
Identifies market restraints and boosters.
Identifies all the possible segments present in the market to aid organizations in strategic business planning.