Abbott Laboratories develops, manufactures, discovers and sells health care products worldwide. The company’s Recognized Pharmaceutical Products sector provides branded generic pharmaceuticals for the treatment of irritable bowel syndrome, pancreatic exocrine insufficiency, biliary spasm, etc.
In January 2018, Abbott Laboratories publicizes that the FreeStyleLibre System, the company’s innovative new continuous glucose monitoring (CGM) system, is now accessible to every Medicare patients in the United States.
Market Data Forecast published a report named Global Diabetes Care Devices Market. Its worth was USD 19.29 Billion in 2018, and it was estimated to reach USD 25.49 Billion by 2023.
Report segmented as:
Blood Glucose Monitoring Devices:
- Testing Strips
- Self-monitoring Blood Glucose Meters
- Continuous Glucose Monitors
Insulin Delivery Devices:
- Insulin Syringes
- Insulin Pens
- Insulin Pumps
- Insulin Jet Injectors
The rise in the incidence price of diabetes caused by quick urbanization and inactive lifestyle is the key factor that affects the development of the diabetes care devices market. Increase in consciousness regarding diabetes-monitoring devices, and untapped market chances in the developing areas have expected to offer various opportunities for market development.
Based on geography, the market divided under many countries namely, North America, Asia-Pacific, Latin America, and the Middle East, Europe & Africa. Among these, North America led the largest share in the global diabetes care products market.
Key Market Players:
- Roche Diagnostics
- Johnson & Johnson
- Animas Inc. Becton-Dickinson
- Bayer AG and Abbott Laboratories
- Ypsomed AG
- Medtronic Plc.
- Insulet Inc. Terumo Corporation
- Dexcom, Inc. (U.S.)
- Tandem Diabetes Care, Inc.
- Dickinson and Company (U.S.)
- Roche Diagnostics Ltd. (Switzerland)
- Johnson and Johnson (U.S.)
- Bayer AG (Germany)
- Abbott Laboratories (U.S.)
- Acon Laboratories, Inc. (U.S.)
- Ysomed AG (Switzerland)
- Novo Nordisk A/S (Denmark)
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The Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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