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(MoneyNewsWire.Net, January 12, 2018 ) According to the report Europe Diabetes Care Devices Market, published by Market Data Forecast, the market is projected to reach USD 6.32 billion by 2021, at a CAGR of 5.38% from 2016 to 2021.
Globally, diabetes is the fourth most death causing disease. According to International Diabetes Federation, every year seven million people get effected by diabetes and about 3.8 million people die every year due to diabetes and even more people die due to chronic diseases caused by diabetes
Diabetes is a group of metabolic disorders, chronic condition which is associated with abnormally high level of sugar (glucose) in the blood. Europe currently witnesses 59.8 million people affected with Diabetes which is going to reach 71.1 million by 2040.
Get a comprehensive overview of the Diabetes Care Devices Market: https://www.marketdataforecast.com/market-reports/europe-diabetes-care-devices-market-106/
Diabetes Care Devices Market: Drivers & Restraints
Europe is the region with the highest population of diabetes effected people and the number is increasing quite rapidly which is the major driving force of the market. Also, the increasing healthcare costs is driving the market with increased revenues accumulated by the companies in this region. But the market growth is constrained here due to low medical literacy rate which is leading to the fall in sales of devices.
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Diabetes Care Devices Market: Segmentation
Glucose Monitoring Devices
o Self-Blood Glucose Monitoring Devices
Hemoglobin A1c testing Kits
o Continuous Glucose Monitoring Devices
Insulin Delivery Systems
o Insulin Syringes
o Insulin Pens
o Insulin Pumps
o Jet Injectors
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at https://www.marketdataforecast.com/market-reports/europe-diabetes-care-devices-market-106/customize-report
Diabetes Care Devices Market: Overview
Glucose monitoring devices holds the largest share in the market due to prevalence of diabetes and extensive use of these devices in hospitals and clinics to monitor the patients condition. Insulin delivery devices are expected to grow the fastest due to rapidly growing home healthcare systems.
Diabetes Care Devices Market: Region-wise Outlook
Based on geographical analysis the market is analysed into U.K., Germany, France, Italy and Spain. U.K. is the dominating region in the market due to favourable reimbursement policies and well developed healthcare system. Germany is expected to grow the fastest due to rising awareness and increasing government expenditure on healthcare.
Key Questions Answered
What is the current and future Diabetes Care Devices Market outlook in Europe? What trends are affecting the market?
What is the competitive landscape and market share of major players in the Diabetes Care Devices Market space in Europe?
What are the key, high growth markets that Diabetes Care Devices Market manufacturers should expand into? Which market segments are growing the fastest?
What are the unmet needs with the Diabetes Care Devices currently on the market? How will emerging technologies fulfil these unmet needs?
What is patient perception and market outlook of Diabetes Care Devices?
What are the challenges and barriers that have hindered widespread adoption of Diabetes Care Devices?
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