Global Diabetes Care Devices Market Is Valued At Nearly Billion In 2017

Posted by sainath on June 29th, 2018

The diabetes care devices industry manufactures blood glucose monitoring devices and insulin delivery devices.  Diabetes care devices are designed to diagnose, monitor or manage type I and type II diabetes mellitus. Diabetes is a chronic disease that occurs either when the pancreas does not produce enough insulin or when the body cannot effectively use the insulin it produces. Insulin is a hormone that regulates blood sugar.

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The diabetes care devices market is valued at nearly billion in 2017 due to the increase in R&D investments and research collaborations by companies in the market.

The market in the report is segmented into: blood glucose test strips, insulin pens, insulin syringes, insulin pumps & injectors, lancing devices, continuous glucose monitoring devices and blood glucose meters.

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The USA was the largest country in the diabetes care devices market in 2017, accounting for one-sixth of the market share, followed by China and India.

The top five competitors in the market are: Roche followed by Medtronic, J&J, Abbott, and Becton and Dickinson & Company. Roche is a Swiss multinational healthcare company that operates worldwide under two divisions: Pharmaceuticals and Diagnostics. It had about 88,000 employees working across more than 150 countries.

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