Diabetes Monitoring Devices Market is set to be invigorated with the launch of the first-ever infusion sets in the European region by Medtronic plc.

 

Diabetes Monitoring Devices Market

Diabetes is among the world's top seven leading causes of death and injury. Diabetes is primarily responsible for over 1.6 million deaths per year, as per the World Health Organization (WHO). The monitoring devices are designed to provide daily information regarding a person's glucose level, such as peak blood sugar level, total daily peak blood sugar level, and estimated percentage of normal blood sugar level. These tools are essential to a person with diabetes who is responsible for their own health care. The adoption of these diabetes monitoring devices is increased globally due to rising awareness about maintaining blood sugar levels among diabetic patients.

The ultimate goal of these systems is to allow individuals with diabetes to monitor their own blood glucose levels as well as provide the physician with a continuous daily tracking of what their patients are experiencing. Unwanted glucose peaks (Hypoglycemia or Hyperglycemia) are considered to have severe consequences, including diabetic ketoacidosis, kidney injury, vision loss, and cardiovascular disorders. Similarly, a vast portion of undiagnosed diabetic population in emerging countries is poised to be a hindering factor in expansion of the diabetes monitoring devices market.

Increasing diabetes rate along with growing diabetes-prone geriatric population is fuelling growth of the diabetes monitoring devices market. As per the World Health Organization (WHO), diabetes affects about 8.5 percent of adults aged 18 and above or 422 million people worldwide.

Due to the continuous technical development and early diagnosis of hypo and hyperglycemic diabetes, the diabetes monitoring devices market is anticipated to grow even more. The growth in the number of diabetes patients worldwide is being attributed to the continuously changing lifestyles, as well as the use of alcohol and tobacco. Furthermore, obesity is one of the leading causes of diabetes. In July 2020, Dexcom introduced the Dexcom G6 Pro, a device to develop for easy control of blood sugar for diabetic patients.

On the regional front, North America is exceptionally accommodating the diabetes monitoring devices market owing to its well-established healthcare infrastructure. Advancements in technology, launches of new products, rising obesity rate, and higher treatment costs are driving the diabetes monitoring devices market in this region. Likewise, favorable policies for diabetes reimbursement and growing healthcare sector are stimulating demand for the diabetes monitoring devices market in the Asia Pacific region.


Location: India

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