Philippines Diabetes Care Devices Market Share, Size, Trends, Growth, Competition and Future Opportunities till 2034: SPER Market Research

April 4, 2025 Healthcare, Medical Devices

Diabetes care devices are vital equipment made to assist people in properly managing and keeping an eye on their diabetes. Among these devices are continuous glucose monitors (CGMs, blood glucose meters, insulin pumps, lancets, and syringes. They make it possible to accurately and promptly check blood sugar levels, which is essential for avoiding diabetic consequences like heart disease, renal failure, and neuropathy. The development of increasingly complex and user-friendly gadgets as a result of ongoing technological breakthroughs has improved the quality of life for people with diabetes. These devices are essential to the global management of diabetes. In addition, the use of cloud-based platforms and mobile applications with diabetes care devices has improved remote monitoring and real-time data tracking.

According to SPER Market Research, ‘Philippines Diabetes Care Devices Market Size- By Monitoring Devices, By Management Devices- Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ states that the Philippines Diabetes Care Devices Market is estimated to reach USD 127.93 million by 2034 with a CAGR of 5.91%.

Drivers:

The Philippines’ market for diabetes treatment devices is expanding as a result of multiple important factors. One of the main factors driving up demand for efficient management solutions is the growing prevalence of diabetes, which currently affects over 5 million adults. Smart insulin pumps and continuous glucose monitors (CGMs) are two examples of technological innovations that have enhanced patient outcomes and compliance, increasing the effectiveness of diabetes treatment. Adoption of these cutting-edge devices is being aided by increased public awareness and educational initiatives regarding the significance of routine monitoring and diabetes care. Government programs to enhance healthcare access and infrastructure, along with private sector, are making diabetes care devices more widely available and distributed nationwide, which is bolstering market expansion.

Restraints:

There are a number of obstacles facing the Philippines’ diabetes care devices market, despite its expansion. Access to sophisticated devices like insulin pumps and CGMs is restricted by their high cost, especially for those with low incomes. Inadequate healthcare infrastructure makes it difficult to distribute and make these vital technologies available in underserved and rural locations. Since older methods are frequently preferred, cultural views and individual preferences also contribute to the slower acceptance of some new diabetes treatment equipment. Producers must constantly innovate in order to stay up with global innovations, which calls for a large financial commitment. These difficulties show how better healthcare services and more reasonably priced solutions are required to guarantee that more people have access to efficient diabetes care.

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Diabetes care in the Philippines was significantly impacted by the COVID-19 pandemic. Access to standard diabetic care services, such as medication treatments and routine checkups, was severely hampered by lockdowns and movement limitations. Many patients found it more difficult to manage their disease as a result of the drug shortages caused by the interruption in production and supply networks. But the epidemic also hastened the uptake of digital health platforms and telemedicine, opening up new channels for remote monitoring and patient support. In addition to helping close the gap in healthcare services during the epidemic, these digital technologies have the potential to enhance diabetic care delivery in the years following the pandemic, strengthening the healthcare system’s resilience.

Philippines Diabetes Care Devices Market is dominated by Metro Manila due to its status as the country’s economic and healthcare hub, with a higher concentration of hospitals, clinics, and specialized healthcare providers. Some of its key players are – Abbott, Becton and Dickenson, Dexcom, Eli Lilly, Insulet.

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Philippines Diabetes Care Devices Market Growth

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Europe Diabetes Care Devices Market

Europe Diabetes Care Devices Market Size and Revenue, Share, Growth Drivers, Key Manufactures, Challenges and Future Opportunities 2033: SPER Market Research

admin November 5, 2024 Medical Devices

Diabetes arises when the pancreas is unable to produce insulin from blood. Untreated diabetes is brought on by elevated blood sugar levels. The aim of diabetes treatment is to raise blood glucose levels. Diabetes care gadgets are used to monitor diabetics’ blood glucose levels. A continuous glucose monitor (CGM) is a medical device that tracks and monitors blood glucose levels in diabetic patients throughout the day. This wearable device will benefit diabetics by assisting them in managing their blood sugar levels. Insulin may now be administered more precisely and safely thanks to advancements in diabetes care technology. By providing patients with real-time glucose readings and information on how much insulin to take, the Medtronic Integrated Insulin Pen assists patients in managing their blood sugar levels.

According to SPER Market Research, ‘Europe Diabetes Care Devices Market Size- By Monitoring Devices, By Management Devices- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Europe Diabetes Care Devices Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.

Obesity is a major contributor to diabetes in humans. Obesity is more common in men. The rising incidence of diabetes and risk factors, like the rising prevalence of obesity, are directly correlated, which results in a high prevalence of diabetes. As a result, the market for diabetic gadgets is growing. A growing number of people with diabetes and greater awareness of diabetes treatment and management are two factors that are expected to drive the market’s growth over the projected period. Numerous government initiatives and awareness campaigns are also driving business growth. Additionally, government spending on healthcare has increased. Throughout the forecast period, such supportive activities and growing awareness are anticipated to fuel the demand for diabetes devices.

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The rising incidence of diabetes brought on by sedentary lifestyles, unhealthy eating patterns, and an ageing population presents serious problems for healthcare systems and calls for effective resource management. For individuals with diabetes, a chronic condition, normal blood sugar levels must be maintained through routine blood glucose monitoring. The glucose test machine is costly and can cause pain. Furthermore, the results of diabetic care equipment are not always trustworthy. Furthermore, a few things prevent the market from expanding. This includes difficult fitting several devices on small bodies and painful sensor insertions. Additionally, disruptive alarms lost signals, resulting in data gaps, issues with adhesives and skin irritation, and a significant volume of difficult-to-understand data generated by diabetes care devices.

The COVID-19 pandemic hampered the commercialisation of diabetic care equipment. People infected with COVID-19 had higher blood glucose levels. Elevated blood glucose levels caused by the stress of infection and the use of steroids for COVID-19 treatment led to a rise in the number of patients. This undoubtedly provided market leaders with opportunities. Owing to the rising incidence of diabetes, many parties have signed contracts, collaborated, and launched state-of-the-art diabetic treatment devices. However, travel restrictions and lockdowns disrupted the market’s supply chain, resulting in a lack of diabetic treatment supplies. The market for diabetic care equipment was temporarily impacted by this.

Key Players: 

Germany dominates the market for diabetic treatment devices because of its Advanced Healthcare Infrastructure. Major players in the market for diabetes care devices include Abbott Diabetes Care, Agamatrix Inc., Ascensia Diabetes Care, Bionime Corporation, Dexcom Inc.

Our in-depth analysis of the Europe Diabetes Care Devices Market includes the following segments:

By Monitoring Devices:
  • Self-monitoring Blood Glucose Devices
  • Glucometer Devices
  • Blood Glucose Test Strips
  • Lancets
  • Continuous Glucose Monitoring Devices
  • Sensors
  • Durables
By Management Devices:
  • Insulin Pump
  • Insulin Pump Devices
  • Insulin Pump Reservoir
  • Infusion Set
  • Insulin Syringes
  • Cartridges in Reusable Pens
  • Insulin Disposable Pens
  • Jet Injectors
By Region:
  • France
  • Germany
  • Italy
  • United Kingdom
  • Rest of Europe

For More Information, refer to below link:-

Europe Diabetes Care Devices Market Scope

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Continuous Glucose Monitoring Market Size 2024, Demand, Key Players, Growth Opportunities, Trends, Challenges, Forecast till 2033: SPER Market Research

admin October 28, 2024 Business, Medical Devices

Continuous glucose monitoring is a great way to estimate blood glucose levels throughout the day and night. It is made up of three components: a tiny sensor, a sticky patch, and an implanted sensor. These sensors detect the glucose stage in the fluid between cells, which roughly corresponds to the glucose stage in the blood. The CGM machine similarly has three components: a sensor, a transmitter, and a software program. The transmitter wirelessly sends the information to the smartphone. The CGM also generates warnings and displays a picture of the glucose level. Importantly, CGM helps to keep glucose levels in a healthy range, which is crucial for avoiding diabetes complications.

According to SPER Market Research, ‘Global Continuous Glucose Monitoring Market Size- By Component, By End User – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Global Continuous Glucose Monitoring Market is estimated to reach USD 34.93 billion by 2033 with a CAGR of 13.14%.

Drivers:

The global market is predicted to grow over the forecast period due to an increase in the incidence and prevalence of type 1 and type 2 diabetes worldwide. Furthermore, constant glucose monitoring has been shown to considerably aid in the treatment of diabetes, particularly in type I diabetics, and to help prevent long-term complications from the condition. Key factors expected to drive worldwide market growth during the forecast period include an increase in the number of diabetic patients, technological advancements, and a rise in awareness in both developed and developing countries.

Restraints:

The high cost of these devices hampers the global market for continuous glucose monitoring devices. Even while they have a lot to offer in terms of continuous glucose monitoring, their high cost may discourage some people from utilising them, especially in places with few healthcare services or those without adequate insurance. The cost barrier may prevent these devices from becoming broadly used and accessible, affecting market penetration and future growth in specific areas and demographics.

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Impact of COVID-19 on Global Continuous Glucose Monitoring Market

The COVID-19 outbreak had a significant impact on the continuous glucose monitoring business. Initially, the market experienced a setback due to the start of lockdown and the strict controls imposed by authorities during the lockdown. Throughout the pandemic, continuous glucose monitoring (CGM) gained popularity for diabetes self-management and treatment. Furthermore, due to high demand, product costs dropped drastically following the lockout, making continuous glucose monitoring devices more accessible to the general public and increasing sales. Furthermore, because diabetics are more sensitive to COVID-19, demand for diabetes care items such as self-monitoring blood glucose meters and continuous glucose monitors soared during the pandemic.

Global Continuous Glucose Monitoring Market Key Players:

North America is anticipated to hold the most market share for continuous glucose monitoring in 2024. North America holds a substantial market share due to several factors, including easy access to cutting edge technologies, the presence of well-known manufacturers in the region, large investments in R&D, a strong system of reimbursement for continuous glucose monitoring devices, and government campaigns to promote diabetes awareness. Major players in the market are Abbott, Dexcom Inc, A. Menarini Diagnostics S.r.l, Ypsomed AG, F. Hoffmann-La Roche Ltd, Medtronic, and Others.

Global Continuous Glucose Monitoring Market Segmentation:

By Component: Based on the Component, Global Continuous Glucose Monitoring Market is segmented as; Sensors, Durables (Receivers and Transmitter).

By End User: Based on the End User, Global Continuous Glucose Monitoring Market is segmented as; Hospital/Clinics, Home/Personal.

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link: –

Continuous Glucose Monitoring Market Growth

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Europe Diabetes Care Devices Market

Europe Diabetes Care Devices Market Trends, Share, Demand, Revenue, Growth Drivers, Challenges, Future Opportunities and Forecast till 2033: SPER Market Research

admin April 30, 2024 Business, Medical Devices, News

Diabetes results from the pancreas’ inability to synthesise insulin from blood. Elevated blood sugar levels are the cause of untreated diabetes. Medication for diabetes is specifically made to treat diabetes. Increasing blood glucose levels is the goal of diabetic treatment. Diabetes care devices keep an eye on the blood sugar levels of diabetics. A continuous glucose monitor (CGM) is a medical gadget used to continuously measure and record blood sugar levels in people with diabetes. Diabetics can better control their blood sugar levels with the aid of this wearable gadget.

According to SPER market research, ‘Europe Diabetes Care Devices Market Size- By Monitoring Devices, By Management Devices – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Diabetes Care Devices Market is predicted to reach USD XX billion by 2033 with a CAGR of XX%.

Drivers:

An upsurge in obesity

  • Obesity is one of the primary risk factors for diabetes in humans. According to WHO estimations, about 50% of individuals in Europe were overweight and 20% of people were fat in 2014. Obesity is more common in men. Risk factors that are directly linked to the rising prevalence of diabetes, like the rising prevalence of obesity, result in a high prevalence of the disease. As a result, the market for diabetic gadgets is growing.

Expanding knowledge about diabetes management

  • This market is expected to grow over the course of the forecast period for a variety of reasons, including an increase in the number of diabetes patients and increased public awareness of diabetes control and treatment.

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Challenges: Numerous obstacles face the European market for diabetes care devices. The increased prevalence of diabetes in the region—which is brought on by sedentary lifestyles, bad eating habits, and aging populations—is a significant concern. Healthcare systems are under pressure from the growing number of diabetes cases, which makes efficient resource management and allocation necessary to keep up with the growing demand for diabetes care goods and services. It is also challenging for device manufacturers to penetrate and expand into new markets due to the disparate regulatory frameworks and reimbursement patterns throughout European countries.

Impact of COVID-19 on Europe Diabetes Care Devices Market

The market for diabetes care equipment grew more slowly because to the COVID-19 pandemic. The COVID-19 virus increased blood glucose levels. The number of patients increased due in part to the use of steroids in the treatment of COVID-19 and elevated blood glucose levels brought on by the stress of infection. Leaders in the market surely benefited from these chances. In response to the growing incidence of diabetes, numerous players have entered into partnerships and agreements pertaining to diabetes care devices and have unveiled new, cutting-edge technology. Even though the impact on the market was very transitory, lockdowns and travel restrictions caused supply chain disruptions that ultimately led to a shortage of diabetic care equipment.

Additionally, some of the market key players are Abbott Diabetes Care, Agamatrix Inc., Ascensia Diabetes Care, Bionime Corporation, Dexcom Inc., Eli Lilly.

Europe Diabetes Care Devices Market Segmentation:

By Monitoring Devices: Based on the Monitoring Devices, Europe Diabetes Care Devices Market is segmented as; Self-monitoring Blood Glucose Devices, Continuous Glucose Monitoring Devices.

By Management Devices: Based on the Management Devices, Europe Diabetes Care Devices Market is segmented as; Insulin Pump, Insulin Syringes, Cartridges in Reusable Pens, Insulin Disposable Pens, Jet Injectors.

By Region: This research also includes data for UK, France, Germany, Italy, Spain, Rest of Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

Europe Diabetes Care Devices Market Size

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Philippines Diabetes Care Devices Market

Philippines Diabetes Care Devices Market Size 2023, Growth, Rising Trends, Revenue, Industry Share, Business Challenges, Future Strategies and Competitive Analysis till 2033: SPER Market Research

admin February 16, 2024 Business, Medical Devices, News

Diabetes care equipment measures blood sugar levels. Insulin is produced by the body to keep blood sugar levels stable. Patients with diabetes are given these medical gadgets to assist them accurately monitor their blood glucose levels and manage their long-term condition. Diabetes care devices are typically used by people with diabetes to track their blood glucose levels. People with diabetes use a continuous glucose monitor (CGM) to track and keep an eye on their blood glucose levels all day long. The patients will gain from this wearable device by using it to assist control their blood sugar levels. 

According to SPER market research, ‘Philippines Diabetes Care Devices Market Size – By Monitoring Devices, By Management Devices – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Philippines Diabetes Care Devices Market is predicted to reach USD 127.93 million by 2033 with a CAGR of 5.91%.  

Drivers: 

The growth in the Diabetes Care Devices Market in the Philippines can be attributed to several noteworthy factors. First and foremost, aging populations, sedentary lifestyles, and unhealthy eating habits are all key contributors to the country’s rising diabetes prevalence. Diabetes is becoming more common, which means that more diabetes care equipment is required to effectively manage the illness. Second, as healthcare facilities are improved and public awareness of diabetes care is increased, the sector is growing. Because of easier access to healthcare facilities and increased awareness campaigns about the need of early detection and management of diabetes, more people are seeking medical attention and buying diabetic care devices. 

Challenges: 

The equipment used to treat diabetes is expensive and difficult to use. The glucose testing apparatus can cause pain and is costly. The accuracy of diabetes treatment equipment’s results is not always guaranteed. Additionally, a couple of things prevent the market from growing. This includes the less pleasant insertion of sensors as well as the more challenging problem of fitting several devices onto small bodies. Disruptive warnings also lost signal, which resulted in data gaps, problems with skin irritation and adhesion, and an abundance of contradicting information from diabetes care devices. 

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Impact of COVID-19 on Philippines Diabetes Care Devices Market

The COVID-19 epidemic has had a major effect on the Philippines Diabetes Care Devices Market. Even if the prevalence of diabetes in the nation is still rising, managing the condition is getting harder due to the pandemic’s disruption of healthcare services and access to medical facilities. Regular tests, consultations, and check-ups for diabetes patients have been canceled or postponed due to travel restrictions, lockdowns, and quarantine orders. Moreover, apprehensions about catching the virus have prevented some individuals from seeking medical care, leading to insufficient management of their illness. Furthermore, some patients are finding it more difficult to afford diabetic care supplies and prescription drugs due to the pandemic’s effects on household income. 

Philippines Diabetes Care Devices Market Key Players:

Additionally, some of the market key players are Abbottt, Becton and Dickenson, Dexcom, Eli Lilly, Insulet, Lifescan, Medtronic, Novo Nordisk, Roche, Sanofi, Tandem. 

Philippines Diabetes Care Devices Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Monitoring Devices: Based on the Monitoring Devices, Philippines Diabetes Care Devices Market is segmented as; Self-monitoring Blood Glucose Devices, Continuous Blood Glucose Monitoring.

By Management Devices: Based on the Management Devices, Philippines Diabetes Care Devices Market is segmented as; Insulin Pump, Insulin Syringers, Insulin Cartridges, Disposable Pens, Others.

By Region: This research also includes data for Eastern Region, Western Region, Northern Region, Southern Region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

Philippines Diabetes Care Devices Market Future Outlook

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