Diabetes Treatment Device Market size is estimated to be USD 18.56 Billion in 2024 and is expected to reach USD 32.45 Billion by 2033 at a CAGR of 6.8% from 2026 to 2033.
The Diabetes Treatment Device Market in South Korea is witnessing rapid growth, driven by the increasing prevalence of diabetes and the rising demand for innovative medical solutions. As of recent reports, over 3.5 million people in South Korea are diagnosed with diabetes, making it a critical public health issue. This has created an urgent need for effective diabetes treatment devices, which has led to a burgeoning market in the country.
Diabetes treatment devices in South Korea range from glucose monitoring systems to insulin pumps and continuous glucose monitors (CGMs). These devices play an essential role in managing diabetes by providing real-time data on glucose levels, enabling timely adjustments to medication and diet. The demand for non-invasive glucose monitoring devices is also on the rise as patients seek more comfortable alternatives to traditional finger-prick tests.
Industries in South Korea are focusing on developing cutting-edge technologies to address the needs of the diabetic population. For example, insulin pumps are becoming increasingly popular due to their ability to deliver continuous insulin infusion, which is a more efficient method for managing blood sugar levels compared to traditional injection methods. Moreover, CGMs, which allow for constant monitoring of glucose levels, are highly sought after by both patients and healthcare providers for their accuracy and convenience.
The South Korean government has also been supportive of the diabetes treatment device market, offering incentives for research and development in medical technology. As a result, there has been an increase in local manufacturers focusing on the production of diabetes treatment devices, further strengthening the market’s growth.
Overall, the Diabetes Treatment Device Market in South Korea is expected to continue expanding due to the combination of technological advancements, government support, and the increasing number of people diagnosed with diabetes. Industries are focusing on creating more efficient, user-friendly, and non-invasive devices to meet the evolving needs of diabetic patients, thereby improving their quality of life and health outcomes.
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Roche
Tandem Diabetes Care
Inc.
B. Braun Melsungen AG
Medtronic
BD
Novo Nordisk A/S
Abbott
Sanofi
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Diabetes Treatment Device Market
Insulin Delivery Devices
Continuous Glucose Monitoring (CGM) Systems
Glycated Hemoglobin (HbA1c) Testing Devices
Diabetes Management Software
Pediatric (
Adult (18-65 years)
Geriatric (>65 years)
Type 1 Diabetes
Type 2 Diabetes
Gestational Diabetes
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Direct Sales
Wearable Technology
Non-invasive Devices
Smartphone Integration
Cloud-based Solutions
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Diabetes Treatment Device Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Diabetes Treatment Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Diabetes Treatment Device Market, By Type
6. South Korea Diabetes Treatment Device Market, By Application
7. South Korea Diabetes Treatment Device Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Diabetes Treatment Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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