Tag: Demand for Diabetes Diagnostics

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Pharmaceutical

Diabetes Diagnostics Market Share, Trend, Segmentation and Forecast to 2030

Diabetes Diagnostics

The diabetes diagnostics market plays a crucial role in the healthcare industry as it addresses the growing global health concern of diabetes. Diabetes is a chronic condition characterized by high blood sugar levels, and timely and accurate diagnostics are essential for its management. The market for diabetes diagnostics encompasses a wide range of products and services designed to diagnose and monitor diabetes, ensuring timely intervention and treatment.

Diabetes diagnostics demand is projected to rise in response to rising hospitalisations caused by the COVID-19 outbreak. Diabetes test strips are in high demand as a result of studies that show diabetics are more likely to become dangerously ill if infected with the virus.

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Diabetes Diagnostics Market Recent Developments

1. Technological Advancements: Recent developments in the diabetes diagnostics market have seen significant technological advancements. Continuous glucose monitoring (CGM) systems have evolved to provide real-time data, enabling better diabetes management. These systems offer enhanced convenience and accuracy for patients.

2. Point-of-Care Testing (POCT): The introduction of point-of-care testing devices has revolutionized diabetes diagnostics. These portable devices allow for rapid and on-the-spot testing, enabling healthcare professionals and patients to make quick decisions regarding diabetes management.

3. Personalized Medicine: The trend toward personalized medicine has also impacted the diabetes diagnostics market. Tailored treatment plans and diagnostics are becoming more common, helping individuals manage diabetes more effectively based on their unique physiology and needs.

4. Telemedicine and Remote Monitoring: Telemedicine and remote monitoring solutions are gaining prominence. These technologies enable healthcare providers to remotely monitor patients’ blood sugar levels and adjust treatment plans as needed, improving accessibility and patient care.

Market Players

  • Medtronic plc
  • Abbott Laboratories
  • Hoffmann-La-Ltd.
  • Bayer AG
  • Lifescan, Inc.
  • B Braun Melsungen AG
  • Lifescan, Inc.
  • Dexcom Inc.
  • Insulet Corporation
  • Ypsomed Holdings
  • Companion Medical
  • Sanofi
  • Valeritas Holding Inc.
  • Novo Nordisk
  • Arkray, Inc.

Diabetes Diagnostics Market Demand

1. Rising Diabetes Prevalence: The primary driver of demand in the diabetes diagnostics market is the increasing prevalence of diabetes worldwide. Factors such as sedentary lifestyles, poor dietary habits, and genetics contribute to the rising incidence of diabetes, necessitating regular testing and monitoring.

2. Aging Population: The aging global population is another significant contributor to market demand. Diabetes is more common in older individuals, and as the elderly population grows, the need for diabetes diagnostics and management solutions increases.

3. Early Detection and Prevention: Early detection of diabetes is crucial for effective management and prevention of complications. As awareness about the benefits of early diagnosis grows, more individuals are opting for regular diabetes screenings.

4. Healthcare Infrastructure and Access: Improvements in healthcare infrastructure and access to diagnostic services, particularly in developing regions, are driving demand. Increased availability of diabetes diagnostics in underserved areas contributes to market growth.

Diabetes Diagnostics Market: Competitive Landscape

The diabetes diagnostics market is experiencing heightened competition due to the global increase in diabetes cases and patients’ growing willingness to invest in advanced healthcare solutions. As new entrants enter the diabetes diagnostics market, established players are focusing on technological advancements and frequent product launches to maintain their market positions.

For instance, in June 2018, Senseonics received FDA approval for its Implantable Eversense Continuous Glucose Monitoring (CGM) system in the US. This groundbreaking device offers long-term monitoring of blood glucose levels for up to 90 days without the need for lancets, gaining significant popularity among patients.

Furthermore, leading companies are actively pursuing collaborations to expand their regional presence. In January 2020, LifeScan, a US-based company, partnered with DKSH, a company specializing in market expansion services, particularly in the Asia Pacific region. Through this partnership, DKSH will provide supervision, distribution, and logistics support for the sales of LifeScan products in countries including the Philippines, Vietnam, Malaysia, Indonesia, Thailand, Hong Kong, and Taiwan. Such collaborations enable established players to tap into new markets and enhance their global footprint in response to the increasing demand for diabetes diagnostics and management solutions.

The diabetes diagnostics market is witnessing significant advancements in technology, including CGM systems, POCT devices, and personalized medicine. Demand is driven by the increasing prevalence of diabetes, aging populations, early detection initiatives, and improved healthcare access. Key trends include the adoption of CGM, AI and machine learning integration, wearable diagnostics, digital health platforms, and minimally invasive testing methods. These trends reflect the industry’s commitment to enhancing diabetes diagnostics and management for improved patient outcomes.

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Categories
Pharmaceutical

Demand For Diabetes Diagnostics To Witness An Outstanding Growth By 2030

Diabetes Diagnostics Market Size, Share Analysis by Product (Biochips, Test Strips, Lancets, Analog Glucose Monitors, Continuous Glucose Monitors), by End-User (Hospitals, Clinics, Diagnostics Centers, Homecare Settings)- Global Market Insights 2020 to 2030

With a multi-disciplinary approach, Fact.MR elaborates an extensive analysis of the historical, current and future outlook of the global diabetes diagnostics as well as the factors responsible for such a growth. Our highly dedicated professionals have inputted critical and accurate insights associated with every industry, and region by doing thorough primary and secondary research.

We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding the diabetes diagnostics. For enhancing readers’ experience, the report starts with a basic overview about the diabetes diagnostics and its classification.

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Prominent Key players of the diabetes diagnostics market survey report

  • Medtronic plc
  • Abbott Laboratories
  • F.Hoffmann-La-Ltd.
  • Bayer AG
  • Lifescan, Inc.
  • B Braun Melsungen AG
  • Lifescan, Inc.
  • Dexcom Inc.
  • Insulet Corporation

Diabetes Diagnostics Market: Segmentation

Fact.MR has studied the diabetes diagnostics market with detailed segmentation on the basis of by product type, end user, and key region.

Product

  • Biochips
  • Test Strips
  • Lancets
  • Analog Glucose Monitors
  • Continuous Glucose Monitors

End User

  • Hospitals
  • Clinics
  • Diagnostics Centers
  • Homecare Settings

Region

  • North America
  • Europe
  • Latin America
  • Middle East & Africa
  • Oceania
  • East Asia
  • South Asia

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The insights for each vendor consists of:

  • Company profile
  • SWOT analysis
  • Main market information
  • Market share
  • Revenue, pricing and gross margin

What insights does the diabetes diagnostics report provide to the readers?

  • Diabetes diagnostics fragmentation on the basis of product type, end use, and region.
  • Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
  • Collaborations, R&D projects, acquisitions, and product launches of each diabetes diagnostics player.
  • Various regulations imposed by the governments on the consumption of diabetes diagnostics in detail.
  • Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global diabetes diagnostics.

The report covers following Diabetes diagnostics Market insights and assessment that are helpful for all participants involved in the Diabetes diagnostics market:

  • Data on recently introduced regulations and their impact on key industries and on demand in Diabetes diagnostics
  • Latest industry Analysis on Diabetes diagnostics Market, with key analysis of market drivers, trends, and influencing factors
  • Key trends Analysis of Diabetes diagnostics Market and changing consumer preferences in major industries.
  • Changing Diabetes diagnostics demand and consumption of diverse products
  • Major trends underlining funding by key investors in numerous countries
  • New investment opportunities in diverse technology and product or service types
  • Comprehensive data and Competitive analysis of Diabetes diagnostics major players
  • Diabetes diagnostics Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
  • Diabetes diagnostics demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

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Questionnaire answered in the diabetes diagnostics report include:

  • How the market for diabetes diagnostics has grown?
  • What is the present and future outlook of the global diabetes diagnostics on the basis of region?
  • What are the challenges and opportunities for the diabetes diagnostics?
  • Why the consumption of diabetes diagnostics highest in region?
  • In which year segment is expected to overtake segment?

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

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Categories
Pharmaceutical

Diabetes Diagnostics Market To Witness A Pronounce Growth During To 2022 – 2031

A recent study by Fact.MR on the diabetes diagnostics market offers a 10-year forecast for 2020 and 2030. The study analyzes crucial trends that are currently determining the growth of the diabetes diagnostics market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders. The study also provides the dynamics that are responsible for influencing the future status of the diabetes diagnostics market over the forecast period.

A detailed assessment of diabetes diagnostics value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the diabetes diagnostics market along with their product portfolios enhances the reliability of this comprehensive research study.

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Diabetes Diagnostics Market: Report Summary

The study offers a comprehensive analysis on diverse features, including demand, product developments, revenue generation, and sales in the diabetes diagnostics market across the globe.

A comprehensive estimate on the diabetes diagnostics market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of diabetes diagnostics during the forecast period. Price point comparison by region with global average price is also considered in the study.

Diabetes Diagnostics Market: Segmentation

Fact.MR has studied the diabetes diagnostics market with detailed segmentation on the basis of by product type, end user, and key region.

Product
  • Biochips
  • Test Strips
  • Lancets
  • Analog Glucose Monitors
  • Continuous Glucose Monitors
End User
  • Hospitals
  • Clinics
  • Diagnostics Centers
  • Homecare Settings
Region
  • North America
  • Europe
  • Latin America
  • Middle East & Africa
  • Oceania
  • East Asia
  • South Asia

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Key Questions Answered in Fact.MR’s Diabetes Diagnostics Market Report

    • Which regions will continue to remain the most profitable regional markets for diabetes diagnostics market players?
    • Which factors will induce a change in the demand for diabetes diagnostics during the assessment period?
    • How will changing trends impact the diabetes diagnostics market?
  • How can market players capture the low-hanging opportunities in the diabetes diagnostics market in developed regions?
  • Which companies are leading the diabetes diagnostics market?
  • What are the winning strategies of stakeholders in the diabetes diagnostics market to upscale their position in this landscape?

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Diabetes Diagnostics Market: Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the diabetes diagnostics market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of diabetes diagnostics market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the diabetes diagnostics market report as a primary resource.

Diabetes Diagnostics Market: Analysis on Market Size Evaluation

The Diabetes diagnostics market has been analyzed for each market segment in terms of value (US$ Mn).

Market estimates at global and regional levels for diabetes diagnostics are available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent diabetes diagnostics market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global diabetes diagnostics market.

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Diabetes Diagnostics Market: In-depth Analysis on Competitive Landscape

The report sheds light on the leading manufacturers of marine adhesives, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of diabetes diagnostics has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolio and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status and predicting the competition level in diabetes diagnostics market. Prominent companies operating in the global diabetes diagnostics include Medtronic plc, Abbott Laboratories, F.Hoffmann-La-Ltd., Bayer AG, Lifescan, Inc., B Braun Melsungen AG, Lifescan, Inc., Dexcom Inc., Insulet Corporation, Ypsomed Holdings, Companion Medical, Sanofi, Valeritas Holding Inc., Novo Nordisk, and Arkray, Inc., among others.

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Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

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Tel: +1 (628) 251-1583

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Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
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Uncategorized

North America is Expected to be one of the Most Attractive Market for Diabetes Diagnostics – Fact.MR Study

250 Pages Diabetes Diagnostics Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

According to Fact MR’s recent market research, sales of Diabetes Diagnostics to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.

Focus on improving overall patient care will remain a chief growth driver. Besides this, Diabetes Diagnostics market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.

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Healthcare organizations around the world are deploying digital tools to accommodating changing consumer preferences. They are pressing on solving the long-standing challenge pertaining to care model innovation.

Considering this, the focus on making healthcare affordable and more transparent will increase. Adoption of care model innovation in healthcare will have a profound impact on the Diabetes Diagnostics market.

diabetes diagnostics market regional analysis

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Diabetes Diagnostics market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Diabetes Diagnostics

The report offers actionable and valuable market insights of Diabetes Diagnostics. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Diabetes Diagnostics Market across various industries and regions.

This newly published and insightful report sheds light on Market Insights of Diabetes Diagnostics, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Diabetes Diagnostics Market.

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Diabetes Diagnostics Market: Segmentation

Fact.MR has studied the diabetes diagnostics market with detailed segmentation on the basis of by product type, end user, and key region.

Product

  • Biochips
  • Test Strips
  • Lancets
  • Analog Glucose Monitors
  • Continuous Glucose Monitors

End User

  • Hospitals
  • Clinics
  • Diagnostics Centers
  • Homecare Settings

Region

  • North America
  • Europe
  • Latin America
  • Middle East & Africa
  • Oceania
  • East Asia
  • South Asia

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Diabetes Diagnostics Market: Competitive Landscape

The market for diabetes diagnostics is getting extremely competitive owing to the rising cases of around the world and increasing willingness among patients to spend on advanced healthcare. With rising number of new entrants in the diabetes diagnostics market, established players are focusing on technological advancement and frequent new product launches to maintain their positions.

For instance, in June 2018, Senseonics gained FDA’s permission for its Implantable Eversense Continuous Glucose Monitoring (CGM) system in the US. This long-term system is one of the major discoveries of diabetes devices. The device monitors blood glucose levels for 90 days without the use of lancets and is gaining immense popularity among patients.

Besides this, leading players are focusing on collaborations to expand their regional footprint. For instance, in January 2020, LifeScan, a US-based company entered into collaboration with DKSH, a company specialized in market expansion services, especially in Asia Pacific. With this partnership, DKSH will provide supervisory assistance and distribution and logistics for the sales of LifeScan products in other countries such as Philippines, Vietnam, Malaysia, Indonesia, Thailand, Hong Kong, and Taiwan.

Some of the leading players operating in the diabetes diagnostics market include

  • Medtronic plc
  • Abbott Laboratories
  • F.Hoffmann-La-Ltd.
  • Bayer AG
  • Lifescan, Inc.
  • B Braun Melsungen AG
  • Lifescan, Inc.
  • Dexcom Inc.
  • Insulet Corporation
  • Ypsomed Holdings
  • Companion Medical
  • Sanofi
  • Valeritas Holding Inc.
  • Novo Nordisk
  • Arkray, Inc.

Key Takeaways from Diabetes Diagnostics Market Report

  • Asia Pacific will continue offering lucrative prospects as incidence of diabetes rises due to increasing prevalence of unhealthy lifestyle. Demand from India and China will support overall expansion of the diabetes diagnostics market in the region.
  • Hospitals will continue exhibiting high demand as an increasing number of patients opt for regular checkups
  • Analog glucose monitors continue to garner steady revenue as newer technologies are yet to be adopted widely across healthcare facilities
  • Increasing support from governments is driving innovations in the diabetes diagnostics market. For instance, the Australian government announced a US$ 100 million funding to subsidize glucose monitoring devices under the National Diabetes Services Scheme

“Some companies continued their launches and even acquired Food and Drug Administration (FDA) approval amid the COVID-19 crisis. For instance, the FreeStyle Libre, Abbott’s continuous glucose monitoring technology was approved by the FDA recently to help self-diagnosis of diabetes during the pandemic. Such launches have helped the market sustain growth amid extended periods of lockdown,”said a lead analyst at Fact MR.

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Report Benefits & Key Questions Answered

  • Diabetes Diagnostics Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
  • Diabetes Diagnostics Historical volume analysis: The report provides a comparison of Diabetes Diagnostics’s historical sales and projected sales performance for 2021-2031.
  • Diabetes Diagnostics Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Diabetes Diagnostics market. It carefully gauges the impact of changing healthcare needs of key demographics globally
  • Diabetes Diagnostics Consumption by demographics: The report investigates consumer behavior affecting Diabetes Diagnostics demand outlook for the assessment period. Effect of their keenness for digital trends on Diabetes Diagnostics market is carefully analyzed
  • Post COVID consumer spending on Diabetes Diagnostics: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Diabetes Diagnostics market growth.

More Valuable Insights on Diabetes Diagnostics Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Diabetes Diagnostics, Sales and Demand of Diabetes Diagnostics, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Email: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates