Latest industry research report on Diabetes, scientifically known as diabetes mellitus, is a clinical condition where person has an elevated blood glucose level. It occurs due to either inefficiency of pancreases to produce insulin (Type I) or unresponsiveness of body cells to the produced insulin (Type II) or both. This condition specifically results in polyuria, increase in thrust and hunger. There is high prevalence of type II diabetes worldwide due to increased obesity, urbanization, poor diet and substandard healthcare conditions.
The global market for diabetes is highly lucrative for drug and device manufacturers as treatment majorly demands therapeutic and diagnostic management. Global market is growing with high CAGR and expected to continue this trend for the forecast period. The report addresses the key themes such as market segmentation and competitive landscape.
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This report is investigative towards trends, opportunities and challenges present at current marketplace for diabetes management and it also provides ample information therein. In-depth analysis of market dynamics coupled with upcoming trends would be beneficial to professionals. The report would contain detailed information of key leaders with their business share.Prime driver for global diabetes management market is increasing incidence of type I and type II diabetes combined with high obese population.
Additionally, combination therapy as compared to monotherapy is gaining popularity due to its high efficacious nature. Increase in collaborations and alliances are the better avenues to attain high profitability. However, global diabetes management market suffers from some of the critical restrains namely, counterfeiting of drugs, scarcity of healthcare personnel in some countries such as Russia, cost sensitivity and limited infrastructure for management. Emerging economies offer ample opportunities to big players of this market to expand their business. Also, there is a need of improved, efficacious and safe treatment, which can be fulfilled by innovative R&D.
Global Diabetes Management Market by Device Type
The diabetes management market is segmented by type of devices into monitoring, diagnostic, insulin delivery and other devices. Blood glucose monitoring devices has the largest market share, as critical monitoring of glucose level is necessary for the management of diabetes. Also, the insulin delivery devices have increased its sale to promising value, which has resulted in improvement in insulin delivery technology. In this segment, insulin pens are more popular as they are less painful in usage.
High Level Analysis
The study provides in-depth analysis of market drivers, challenges and trends. Competitive landscape section provides explicit information of the big players ruling the global diabetes management market and their operating strategies. The report covers qualitative analysis of market segments and identifies the prime areas for product targeting. Porter’s five forces tool has been utilized to determine the attractiveness within global diabetes management market. Constant demand for safe and efficacious therapeutics and improved technology is responsible to increase the bargaining power of supplier. Innovative, differentiated and easy to use insulin delivery devices tend to decrease the threat of substitute products. Global diabetes management market has experienced a cross segment participation that resulted in shifting the business of big players to more diversified products. Thus, it tends to increase the threat of substitute products and keeps high intensity of rivalry.
The global diabetes management market is segmented into three major categories such as, devices types, therapeutics and geography.
MARKET BY DEVICE TYPE
MARKET BY THERAPEUTICS
MARKET BY GEOGRAPHY
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