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The BRIC Diabetes Care Devices Market is Expected to Reach USD 2.3 Billion by 2020


News provided by

MarketsandMarkets

26 Aug, 2015, 15:00 GMT

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PUNE, India, August 26, 2015 /PRNewswire/ --

According to a new market research report "Diabetes Care Devices Market In Brazil, Russia, India & China (BRIC) by Product (Self-Monitoring Blood Glucose Meters, Continuous Glucose Monitors, Testing Strips, Lancets, Insulin Pumps, Insulin Pens, Insulin Syringes) - Forecast to 2020", published by MarketsandMarkets, The Diabetes Care Devices Market is expected to reach around 2.3 Billion USD by 2020 at a CAGR of 6.3% from 2015 to 2020.

Browse 33 tables and 37 figures spread through 109 pages and in-depth TOC on "Diabetes Care Devices Market"

http://www.marketsandmarkets.com/Market-Reports/diabetes-care-375.html

Early buyers will receive 10% customization on this report. 

The BRIC Diabetes Care Devices Market has witnessed major growth in the past few years, and is largely driven by the increasing number of diabetic patients across BRIC countries, growing research on diabetes, and increasing international research collaborations. The rising obese population and rapid industrialization and urbanization have also contributed to the growth of this market. However, high cost of diabetes care devices, disparity in reimbursement, availability of alternative treatments, and lack of awareness inhibit the growth of this market.

Ask for PDF Brochure:  http://www.marketsandmarkets.com/pdfdownload.asp?id=375   

This report also covers major market drivers, restraints, opportunities, and challenges for the BRIC diabetes care devices market. This market is expected to reach USD 2.3 Billion by 2020 and is poised to grow at a CAGR of 6.3% during the forecast period.

The BRIC diabetes care devices market is segmented on the basis of type and country. By type, the market has been segmented into blood glucose monitoring devices and insulin delivery devices. Blood glucose monitoring devices are further classified into testing strips, self-monitoring blood glucose meters, lancets, continuous glucose monitors, and others. On the other hand, insulin drug delivery devices are subsegmented into insulin syringes, insulin pens, insulin pumps, and insulin jet injectors.

In 2014, the testing strips segment accounted for the largest share of the blood glucose monitoring devices market; whereas, the insulin pens segment accounted for the largest share of the insulin delivery devices market. The large share of the insulin pens segment is mainly attributed to the high adoption rate of insulin pens in China and Russia. Moreover, the increasing adoption of insulin pens and easy availability of recently launched affordable insulin pens in India have further contributed to the growth of this segment. Continuous blood glucose monitoring systems is the fastest-growing subsegment of the blood glucose monitoring devices market. Growth in this segment is mainly attributed to the rising adoption of continuous blood glucose monitoring systems by healthcare professionals to monitor real-time blood glucose levels for better management of diabetes.

China is estimated to be the largest market for the BRIC diabetes care devices market, followed by Brazil, India, and Russia. India is expected to witness the highest growth rate during the forecast period, due to the increasing prevalence of diabetes, lifestyle changes, and growing research on diabetes and its management.

Some of the major players in this market include Becton, 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.), Ypsomed AG (Switzerland), Novo Nordisk A/S (Denmark), Medtronic plc (Ireland), ARKRAY Inc. (Japan), Terumo Corporation (Japan), Dexcom, Inc. (U.S.), and Sanofi (France).

Browse Related Reports:

Point-Of-Care Diagnostics / Testing Market by Products (Glucose Monitoring & Infectious Diseases Testing Kits, Cardiac & Tumor Markers), by End Users (Self & Professional Monitoring), Over the Counter & Prescription Based - Global Forecast to 2018

http://www.marketsandmarkets.com/Market-Reports/point-of-care-diagnostic-market-106829185.html   

Patient Monitoring Device / Equipment / System Market by Product (Blood Glucose, EEG, ECG, Capnography, Spirometer, Sleep Apnea, Pulse Oximeter, Fetal Doppler, Multiparameter, Remote, Weight, Temperature), End-user (Hospitals, Home) - Global Forecast to 2018

http://www.marketsandmarkets.com/Market-Reports/patient-healthcare-monitoring-systems-devices-market-678.html

About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/healthcare/medical-devices
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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