Diabetes Devices Market

1. Diabetes Devices Market – India Industry Analysis, Growth, Share, Size, Trends, and Forecast The India diabetes devices market size was valued at USD 0.8 million in 2019 and is expected to expand at significant CAGR during the forecast period, 2021 – 2028. Growth of the market is attributed to the increasing funding from government and private organization, rising number of development and research activities, rise in technological advancement, and unhealthy lifestyle. The diabetes devices contain disposable pens, insulin cartridges, insulin pumps, and insulin syringes. Each of these devices used by diabetes patients on the basis of their diabetes type and amount of medicine and insulin requirement. The continuous glucose monitoring and self-monitoring blood glucose devices are used to monitor the blood glucose level and to adjust the insulin doses of diabetes patients. The Covid-19 pandemic affected the demand and supply of India diabetes devicesmarket. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period. Sample - https://growthmarketreports.com/request-sample/1020 Market Trends, Drivers, Restraints, and Opportunities  Rapid urbanization and increasing diabetes population is projected to boost the market in the coming years. Rising prevalence of obesity due to changing life style among people is the major factor fueling the market. Emerging economies and lack of health infrastructure is anticipated to restrict the market growth.  

2.  Lack of awareness about diabetes devices presenta main challenge that can hamper the market expansion during the forecast period. R&D investment and technological advancement in diabetes devices market is projected to offer lucrative opportunities for the market players.  Market Segment Insights The self-monitoring blood glucosesegment accounts for key share of the market and expected to grow at a Based on monitoring devices, the India diabetes devicesmarket is bifurcated into continuous glucose monitoring and self-monitoring blood glucose. The continuous glucose monitoring segment is sub- segmented into durables and sensors. The self-monitoring segment is sub-segmented into test strips, lancets, and glucometer devices. The self-monitoring blood glucose segment accounts for a key share of the market. Growth of the market is attributed to the increasing funding from government and private organization, rising number of development and research activities, rise in technological advancement, and unhealthy lifestyle. The continuous glucose monitoring segment is anticipated to expand at a rapid pace during the forecast period due to rapid urbanization, increasing diabetes population, rising prevalence of obesity, and increasing adaptation of insulin pumps. pace rapid The disposable pen segment is anticipated to expand at a rapid pace during the forecast period On the basis of management devices, the market of India diabetes devices is categorized into disposable pens, insulin cartridges, insulin pumps, and insulin syringes. The insulin pump segment is sub-segmented into Indian pump reservoir, infusion set, and insulin pump device. The pens come in form of two categorize reusable and disposable. A disposable insulin pen has a cartridge, when the cartridge is over the entire pen is thrown away. An insulin pump is a device which delivers insulin by the pump wearer instruction and automatically. It provides insulin to body through day and delivers large dose of insulin whenever required. The pen needles and insulin syringes are generally used for providing prescribed dose of insulin to the patient’s body. Since the introduction of diabetes medication, the insulin needles are used for providing insulin. Growth of the market is attributed to increasing number of programs started by different health organizations, increasing funding from government and private organization, and rise in technological innovations. Inquiry- https://growthmarketreports.com/enquiry-before-buying/1020 Competitive Landscape Key players competing in the India diabetes devicesmarket include Abbott India Limited, Roche Diagnostics India Pvt Ltd, Indian Medtronic Pvt Ltd, Becton Dickinson Private Limited, Dexcom Inc., BD, Novo Nordisk A/S, Sanofi, Bayer Corporation, Dr Morpean, Bio-Rad Laboratories India Pvt Ltd, Pulsatom Healthcare Pvt Ltd, B Braun Medical India Pvt Ltd., and ARKRAY Healthcare Pvt Ltd. Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and rise their production line of the business in the coming years. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though

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