Global Diabetes Care Devices Market Trends 2021,Segmentation, Outlook, Growth Trends, Opportunities, COVID-19 Impact Analysis, Industry Report to 2027


Posted August 17, 2021 by danishahmed

The rapid evolution of the diabetes care devices industry has led to the emergence of advanced devices such as smart insulin and artificial pancreas for the detection and treatment of diabete
 
The rapid evolution of the diabetes care devices industry has led to the emergence of advanced devices such as smart insulin and artificial pancreas for the detection and treatment of diabetes. Smart insulin is also known as glucose-responsive insulin, would be able to act automatically according to the patient's blood sugar levels. Higher the blood sugar level, the more insulin will be activated and vice versa. This innovative drug could prove to be a game-changer in the global diabetes care devices market as smart insulin, once launched would eliminate repetitive injections and blood sugar level testing. With smart insulin, the patient would be relieved of routine hassles of blood glucose monitoring. Presently, the research for the development of smart insulin is under process. 

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Merck is the first company to be in the first phase of human trials of smart insulin. Other companies such as Sanofi have also entered a research partnership with JRDF (Juvenile Diabetes Research Foundation). The two organizations will jointly fund researchers to develop new and different approaches to glucose-responsive insulin. Moreover, Eli Lilly has acquired Glycostasis Inc. -a start-up company working on smart insulin technology and is funding its research on smart insulin. Further, Denmark based Novo Nordisk A/S is also focusing on the R&D of smart insulin. Organizations such as JDRF, Sanofi, and the ADA Pathways Program are supporting many of these projects by funding Novo Nordisk. This is expected to expand the market size of the global diabetes care devices industry.

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Global Global Diabetes Care Devices Market – Segmentation

By Product Type
Blood Glucose Monitoring Devices
Insulin Delivery Devices

By End-Use
Hospitals
Diagnostic Centers
Ambulatory Surgery Centers (ASCs)
Homecare

Company Profiles

Abbott Laboratories Inc.
Arkray, Inc.
B. Braun Melsungen AG
Becton Dickinson and Co.
 Consort Medical PLC
Companion Medical Inc.
 Dexcom Inc. 
Eli Lilly and Co.
 F. Hoffmann-La Roche AG
 Insulet Corp.
. Medtronic PLC
 Nova Biomedical, Inc.
 Novo Nordisk A/S
 Sanofi SA
 Sinocare, Inc.
 Tandem Diabetes Care, Inc.
. Valeritas Holdings Inc.
 West Pharmaceutical Services, Inc.
 Wockhardt Ltd.
 Ypsomed Holding AG


Global Global Diabetes Care Devices Market – Segmentation by Region

North America

• United States
• Canada


Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe


Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific


Rest of the World

• Middle East & Africa
• Latin America

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Last Updated August 17, 2021