The global diabetes devices market size was USD 30.40 billion in 2023, calculated at USD 32.74 billion in 2024 and is projected to surpass around USD 68.75 billion by 2034, expanding at a CAGR of 7.7% from 2024 to 2034.
The global diabetes devices market size accounted for USD 32.74 billion in 2024 and is expected to be worth around USD 68.75 billion by 2034, at a CAGR of 7.7% from 2024 to 2034. The North America diabetes devices market size reached USD 12.77 billion in 2023.
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The U.S. diabetes devices market size was estimated at USD 10.23 billion in 2023 and is predicted to be worth around USD 23.53 billion by 2034, at a CAGR of 7.9% from 2024 to 2034.
Based on the region, the North America accounted largest revenue share in 2023 and is expected to sustain its dominance during the forecast period. North America was followed by Europe. The higher personal disposable income and increased healthcare expenditure in North America has exponentially contributed to the growth of the diabetes devices market in the region. Growing cases of obesity and unhealthy food habits is fueling the prevalence of diabetes in US. The higher penetration of fast food chains in North America has significantly influenced the consumption of various unhealthy fast foods and soft drinks. This is a major cause of diabetes in US. Rising health consciousness among the population and demand for diabetes monitoring devices coupled with the easy availability of advanced diabetes devices is fostering the market growth in this region.
On the other hand, Asia Pacific is estimated to be the most opportunistic market. According to WHO, diabetes is rapidly increasing in low and middle-income countries. The huge and vast population of Asia Pacific provides the most lucrative growth opportunities to the vendors operating in the diabetes devices market. Therefore, rising prevalence of diabetes, rising disposable income, and increasing awareness regarding different types of diabetes devices is expected to drive the market in this region.
The growing prevalence of diabetes among the global population is the primary factor driving the global diabetes devices market. Furthermore, rising prevalence of obesity among the population, growing health consciousness, increasing awareness regarding diabetes, technological advancements in the diabetes monitoring devices, easy availability of diabetes devices, and rising personal disposable income are the key factors driving the demand for the diabetes devices across the globe. Obesity and unhealthy eating habits are the major reasons for the growing cases of diabetes. Moreover, growing geriatric population is another major factor leading to the growth of diabetes cases. According to the World Health Organization (WHO), around 422 million of the global population were suffering from diabetes. Diabetes is rising at a significant pace in the underdeveloped and developing nations. This is because of the low disposable income and less awareness regarding the availability of diabetes devices in the developing and under developed nations.
Around 1.5 million deaths were directly linked to diabetes in 2019, as per WHO. In 2012, around 2.2 million deaths were caused by high blood sugar levels. Diabetes causes kidney failure, blindness, stroke, and heart attacks. Therefore, rising awareness amongst the population regarding the various ill-effects of diabetes encourages them to acquire diabetes devices in order to keep a check on their blood glucose levels regularly and control diabetes. This is a major factor propelling the growth of the diabetes devices market across the globe.
| Report Coverage | Details |
| Market Size in 2023 | USD 30.40 Billion |
| Market Size in 2024 | USD 32.74 Billion |
| Market Size by 2034 | USD 68.75 Billion |
| Growth Rate from 2024 to 2034 | CAGR of 7.7% |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2023 |
| Forecast Period | 2024 to 2034 |
| Segments Covered | Type, Distribution Channel, End User, Region |
| Regions Covered | North America, Asia Pacific, Europe, Latin America, Middle East and Africa |
By type, the insulin delivery devices segment led the market with a notable share in 2023 and will dominate over the forecast period. This is attributed to the increased adoption and convenience factor associated with the use of insulin pens and portable insulin pumps.
On the other hand, the blood glucose monitoring is estimated to fastest growing segment during the forecast period. The continuous glucose monitoring and self-monitoring blood glucose systems are the major drivers of this segment. The availability of continuous and self-monitoring devices is gaining rapid traction among the patients due to their ease of use.
By distribution channel, the hospital pharmacy segment dominated the market with a notable revenue share in 2023. This is attributable to factors such as easy availability, growing popularity of private brands, and easy availability. For this, this segment is expected to sustain its significance during the forecast period.
On the other hand, the online pharmacy is projected to be the most opportunistic segment owing to the growing penetration of internet and telemedicine services. Moreover, one day delivery formats and discounted prices will positively impact the segment growth.
By end use, the hospital segment led the market with a notable revenue share in 2023. The growing number of hospitalization of diabetic patients is fueling the growth of this segment. Moreover, doctors’ advice helps the patient to acquire more reliable type of diabetes devices.
On the other hand, the home care is expected to grow rapidly due to the higher adoption and easy availability of self-monitoring devices and insulin pens and pumps.
The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers. Companies are also spending on the development of improveddevices. Moreover, they are also focusing on maintaining competitive pricing.
In June 2020, Tandem Diabetes Care and Abbott agreed to work on the development of integrating continuous glucose monitoring system with insulin delivery system to offer more options to the consumers for diabetes management.
In March 2021, Roche launched Accu-Check Instant system that is connected to mySugar app via Bluetooth. This is a step towards providing personalized diabetes management services to the consumers.
These major developmental strategies focuses on creating new opportunities and drive the growth of the global diabetes devices market.
Segments Covered in the Report
By Type
By Distribution Channel
By End Use
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Diabetes Devices Market, By Type
7.1. Diabetes Devices Market, by Type, 2024-2034
7.1.1. Blood Glucose Monitoring
7.1.1.1. Market Revenue and Forecast (2021-2034)
7.1.2. Insulin Delivery Devices
7.1.2.1. Market Revenue and Forecast (2021-2034)
Chapter 8. Global Diabetes Devices Market, By Application
8.1. Diabetes Devices Market, by Application, 2024-2034
8.1.1. Diagnostic Center
8.1.1.1. Market Revenue and Forecast (2021-2034)
8.1.2. Hospitals
8.1.2.1. Market Revenue and Forecast (2021-2034)
8.1.3. Home Care
8.1.3.1. Market Revenue and Forecast (2021-2034)
Chapter 9. Global Diabetes Devices Market, By Distribution Channel
9.1. Diabetes Devices Market, by Distribution Channel, 2024-2034
9.1.1. Retail Pharmacy
9.1.1.1. Market Revenue and Forecast (2021-2034)
9.1.2. Hospital Pharmacy
9.1.2.1. Market Revenue and Forecast (2021-2034)
9.1.3. Clinics
9.1.3.1. Market Revenue and Forecast (2021-2034)
9.1.4. Online Pharmacy
9.1.4.1. Market Revenue and Forecast (2021-2034)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2021-2034)
Chapter 10. Global Diabetes Devices Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Type (2021-2034)
10.1.2. Market Revenue and Forecast, by Application (2021-2034)
10.1.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Type (2021-2034)
10.1.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.1.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Type (2021-2034)
10.1.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.1.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type (2021-2034)
10.2.2. Market Revenue and Forecast, by Application (2021-2034)
10.2.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Type (2021-2034)
10.2.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.2.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Type (2021-2034)
10.2.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.2.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Type (2021-2034)
10.2.6.2. Market Revenue and Forecast, by Application (2021-2034)
10.2.6.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Type (2021-2034)
10.2.7.2. Market Revenue and Forecast, by Application (2021-2034)
10.2.7.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type (2021-2034)
10.3.2. Market Revenue and Forecast, by Application (2021-2034)
10.3.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Type (2021-2034)
10.3.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.3.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Type (2021-2034)
10.3.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.3.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Type (2021-2034)
10.3.6.2. Market Revenue and Forecast, by Application (2021-2034)
10.3.6.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Type (2021-2034)
10.3.7.2. Market Revenue and Forecast, by Application (2021-2034)
10.3.7.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type (2021-2034)
10.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Type (2021-2034)
10.4.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.4.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Type (2021-2034)
10.4.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.4.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Type (2021-2034)
10.4.6.2. Market Revenue and Forecast, by Application (2021-2034)
10.4.6.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Type (2021-2034)
10.4.7.2. Market Revenue and Forecast, by Application (2021-2034)
10.4.7.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type (2021-2034)
10.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Type (2021-2034)
10.5.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.5.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Type (2021-2034)
10.5.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.5.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2034)
Chapter 11. Company Profiles
11.1. B Braun Melsungen AG
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Abbott Laboratories
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Bayer AG
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Medtronic Plc
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. F.Hoffman-La-Ltd.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Lifescan, Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Dexcom, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Sanofi
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Tandem Diabetes Care, Inc.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Companion Medical
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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