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, a chronic and currently incurable disease, significantly impairs the body's ability to regulate blood glucose levels due to insufficient insulin production or ineffective insulin utilization. This condition manifests in two primary forms: type 1 diabetes (sometimes referred to as diabetes insipidus, though this is less common usage and often confusing, as diabetes insipidus is a separate condition) and type 2 diabetes (diabetes mellitus).

Europe is experiencing a consistent rise in diabetes cases, with type 2 diabetes being the dominant form, correlating with evolving cultural and societal norms. Notably, in high-income European nations, approximately 91% of adults with diabetes have type 2. Globally, the International Diabetes Federation (IDF) reported millions of individuals aged 20-79 affected by diabetes in 2021.

Diabetes can trigger severe complications throughout the body, substantially elevating the risk of premature mortality. These complications include, but are not limited to, heart attacks, strokes, kidney failure, lower limb amputations, vision impairment, and nerve damage. Consequently, individuals with diabetes require vigilant monitoring and often necessitate external insulin administration. This escalating prevalence of diabetes is a key driver for the growth of the diabetes care devices market across Europe.

The European diabetes care devices market is poised for significant growth, driven by technological advancements and expanding market reach. Innovations in features and technologies are attracting new customers and facilitating market penetration into emerging European markets. This growth is reflected in the anticipated robust CAGR during the forecast period, with projected market revenue reaching substantial figures by 2028.

Europe Diabetes Care Devices Market Segmentation:

The market is segmented by type, end user, and country.

• Type: Europe Diabetes Care Devices Market

  • Glucose monitoring devices (dominant in 2022): Further segmented into testing strips, glucometers, lancets, and other related products.

  • Insulin delivery devices: Comprising insulin pens, insulin syringes, insulin pumps, and other delivery mechanisms.

• End User: Europe Diabetes Care Devices Market

  • Homecare (dominant in 2022).

  • Hospitals & clinics.

• Country: Europe Diabetes Care Devices Market

  • UK, Germany, France, Italy, Spain, and the Rest of Europe (dominant in 2022).

Europe Diabetes Care Devices Key Market Players:

Leading companies in the European diabetes care devices market include:

• B. Braun Melsungen AG

• BD

• Dexcom, Inc.

• Eli Lilly and Company

• F. Hoffmann-La Roche Ltd.

• Insulet Corporation

• Medtronic

• Novo Nordisk A/S

• Tandem Diabetes Care Inc.

• Terumo Corporation

Europe Diabetes Care Devices Market Strategic Insights:

A data-driven analysis of the European diabetes care devices market provides valuable strategic insights. These insights encompass current trends, key player activities, and regional nuances, enabling businesses to:

• Identify untapped market segments and develop unique value propositions.

• Anticipate market shifts through data analytics.

• Position themselves for long-term success with a future-oriented perspective.

• Make informed decisions to drive profitability and achieve business objectives.

Regional Insights: Europe Diabetes Care Devices Market

Understanding the geographic scope of the European market is crucial for effective strategy development. Regional insights highlight:

• Variations in consumer preferences, economic conditions, and regulatory environments across different European countries.

• Opportunities to expand market reach by identifying underserved areas and adapting product offerings to local demands.

• The importance of a focused market approach for effective resource allocation, targeted marketing, and competitive positioning.

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Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights