The Europe diabetes care devices market is expected to grow from US$ 8,371.49 million in 2022 to US$ 11,914.05 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2022 to 2028.
Diabetes is a life-threatening chronic illness characterized by the body's inability to produce or effectively utilize insulin, leading to uncontrolled blood glucose levels. There are two main types: Type 1 Diabetes (formerly diabetes insipidus) and Type 2 Diabetes (formerly diabetes mellitus). Europe is experiencing a significant rise in diabetes cases, with Type 2 being the most prevalent form, especially in high-income countries where it affects approximately 91% of adults. In 2021, millions of individuals aged 20-79 were impacted by diabetes, according to the International Diabetes Federation (IDF).
The disease can lead to severe complications, including heart attacks, strokes, kidney failure, limb amputations, vision loss, and nerve damage, significantly increasing the risk of premature death. Consequently, frequent monitoring and external insulin administration are often necessary for patients.
The increasing prevalence of diabetes is a key driver for the growth of the Europe diabetes care devices market. Vendors are leveraging new features and technologies to attract customers and expand into emerging markets, which is expected to contribute to a strong compound annual growth rate (CAGR) for the market during the forecast period.
Europe Diabetes Care Devices Market Segmentation
The Europe diabetes care devices market is segmented by product type, end user, and country:
By Product Type: Europe Diabetes Care Devices Market
Glucose Monitoring Devices (dominant segment in 2022)
Testing Strips
Glucometers
Lancets
Others
Insulin Delivery Devices
Insulin Pens
Insulin Syringes
Insulin Pumps
Others
By End User: Europe Diabetes Care Devices Market
Homecare (dominant segment in 2022)
Hospitals & Clinics
By Country: Europe Diabetes Care Devices Market
UK
Germany
France
Italy
Spain
Rest of Europe (dominant segment in 2022)
Europe Diabetes Care Devices Market Key Players
Leading companies in the Europe diabetes care devices market include:
B. Braun Melsungen AG
BD (Becton, Dickinson and Company)
Dexcom, Inc.
Eli Lilly and Company
F. Hoffmann-La Roche Ltd.
Insulet Corporation
Medtronic
Novo Nordisk A/S
Tandem Diabetes Care, Inc.
Terumo Corporation
This segmentation highlights the key drivers, product categories, and competitive landscape shaping the diabetes care devices market in Europe.
Europe Diabetes Care Devices Market Strategic Insights
Strategic insights for the Europe Diabetes Care Devices provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the Europe Diabetes Care Devices Market.
Europe Diabetes Care Devices Market Regional Insights
The geographic scope of the Europe Diabetes Care Devices refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights