Europe Diabetes Care Devices Market Size Archives

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

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Europe Diabetes Care Devices Market Scope

Dental Cartridge Syringe Market Size- By Type, By Product, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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

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.