As a chronic disease that is strongly tied to trends in demographics, incidence/prevalence and other forces, diabetes is inexorably growing in its impact on healthcare and, therefore, the need for effective products in its management.
There is growth across the board for all product types, including glucose meters, lancets, test strips, continuous blood glucose meters, insulin, insulin pumps, syringes and other insulin delivery devices, and anti-diabetic drugs.
As a chronic disease that is strongly tied to trends in demographics, incidence/prevalence and other forces, diabetes is inexorably growing in its impact on healthcare and, therefore, the need for effective products in its management.
There is growth across the board for all product types, including glucose meters, lancets, test strips, continuous blood glucose meters, insulin, insulin pumps, syringes and other insulin delivery devices, and anti-diabetic drugs.
Source: MedMarket Diligence, LLC; Report #D510, “Diabetes Management: Products, Technologies, Markets and Opportunities Worldwide 2009-2018.”
While all segments are growing, the opportunity to innovate is resulting in the sales of products in diabetes management trending at different rates, from a low of 8% annually to a high of almost 20% annually. Consequently, the makeup of this market is steadily changing over time.
Source: MedMarket Diligence, LLC; Report #D510, “Diabetes Management: Products, Technologies, Markets and Opportunities Worldwide 2009-2018.”
