Diabetes care devices can be found in hospitals, specialty clinics, and now with the help of advancements in technology such devices can also be found at individual homes. The rise in penetration rate for the this technology can be studied using Global Market Database. This market is a part of the healthcare module. The market research tool covers 12 industries that encapsulates 600+ markets.
Various Types of Devices:
Different types of diabetes care devices are prevalent in the market. These devices are classified broadly into three types which are blood glucose monitoring systems, insulin delivery devices, and diabetes management mobile applications. Blood glucose monitoring systems have dominated the market as they are widely used in hospitals and specialty clinics. Market research tools state that Diabetes management mobile applications are expected to rise in the market due to their various advantages such as convenience, simplicity of use, and utility to provide real-time insights.
Blood glucose monitoring systems are further sub-divided into different types which include self-monitoring blood glucose systems, continuous glucose monitoring systems, test strips/test papers, and lancets/lancing devices. Insulin delivery devices are categorized as follows insulin pumps, insulin pens, insulin syringes, and needles. The various industrial value applications and segments of this sector can be studied via Global Market Database. The cloud based market research platform studies the shift in line with changing market trends. The market outlook for the healthcare module can be assessed using this tool.
Growth Factors:
A greater number of people have now started to realize the importance of diabetic management and treatment. This is has led to increased demand for more accurate and safe results that can generate actionable insights. Market database suggests that constant development in terms of technology and portability is expected to sustain the demand in this market.
The upcoming technologies and their demand according to the change in demographic landscape can also be understood using Global Market Database. Healthcare module and its value chain as well as supply chain can also be studied using this market research tool.
Impact of COVID-19 & Other Restraints:
The pandemic contributed to major shifts in the diabetes care devices market. For instance, as there was fear among the citizens and countries initiated widespread lockdowns, people migrated towards at-home portable and self-management devices. This led to further growth in this vertical. The impact of this pandemic on the growth healthcare sector and the drop in footfall associated with hospitals and dispensaries can also be analysed on a country level via market research tools. Segment wise utilization of healthcare products and instruments can also be studied using Global Market Database. The procured market database provides business recovery solutions which can change the overall market outlook.
According to market database, Low footfalls of patients in the hospitals and specialty clinics were observed. Furthermore, increased use of applications of digital platforms such as mobile health services, online consulting, and online check-ups were witnessed.
Dedicated manufacturing companies for diabetes care devices experienced supply-chain crunches which led to delay in deliveries and executions. Key market players have increased investments dedicated to innovative portable devices that provide accurate and quick results. The key players of this market can be studied on a regional and sub-regional basis using Global Market Database. The market research tool makes use of Dynamic Market Data to study the upcoming trends of the industry.
Region-Wise Analysis:
North-America has dominated the diabetes care devices market in the past years. Increased number of diabetic patients, higher reimbursement potential, and technological advancements have contributed towards the growth of this market.
According to market database released by International Diabetes Federation (IDF), 48 million people were diagnosed with diabetes in North America in the year 2019. The number is expected to rise to 63 million by the year 2045 according to the findings published in the report. Direct expenditure on diabetes in the year 2019 was found to be highest in the U.S. The value was estimated at USD 294.6 Billion.
APAC region has witnessed an increased use of diabetes care devices due to change in lifestyle habits and aging population. China accounted for a large share in this region. China also led the manufacturing of these devices in the region due to the low costs involved. India is also poised to capture a large share in the market due to the constant government investments for the development of healthcare infrastructure and facilities. The growth dynamics for APAC’s healthcare module can be moderated using Global Market Database. The drivers, restraints and challenges for this market can also be studied using this cloud based market intelligence tool.
Global Market Database can be used to study the value chain for this market.
The overall growth dynamics and the market outlook for this sector can be examined using this cloud based market research tool.Growth Factors:The drivers for the E-Sim market can also be studied using Global Market Database.
This has contributed to transformative smart solutions offered by the industry.
They provide business recovery solutions which can change the overall market outlook.According to free market data obtained from market research tools, industry factor is the reduced cost of hardware such as sensors and actuators.
The trends for this sector and the change in market numbers can be studied via Global Market Database as well.
Different Applications:The eSIM market is divided based on applications which include connected cars, laptops, machine-to-machine communication, smartphones, tablets, wearables, and others.
Diabetes care devices market is a disorder that cannot produce the insulin produced in the serum in the pancreas.
Increased blood sugar induces untreated diabetes.
Diabetes treatments are used for diabetes diagnosis in particular.
It is used primarily for the analysis for glucose levels in the body.
Diabetes care devices are small in size and also compact.North America diabetes care devices market is registering a substantial CAGR in the forecast period of 2019-2026.
This rise in the market can be attributed to the increases incidence for patients with diabetes and development of the need for a quicker, healthier and effective method of diagnosing and treating diabetes.This North America Diabetes Care Devices Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Cardinal Health industry.
A report published by Research on Global Markets titled "Television Market In India (2018-2023)" studies the performance of the television market in India over a five year assessment period from 2018 to 2023.
According to the Research On Global Markets analysts, increasing innovation coupled with favorable pricing have augmented the penetration of flat-panel display across all income groups in the country.
Usage of television is no longer an urban phenomenon now with penetration of television in more than 99 Mn homes in rural India.Television Market in India – Segment insightsThe report published by Research On Global Markets features comprehensive analysis of the television market in India.
Liquid crystal display (LCD) and organic light emitting diode (OLED) comprise the two major segments in the global television market.
Television market in India - Market InsightsThe market research report attributes the positive outlook on the television market in India to the rapid growth of internet connectivity across the country, especially in tier II and III cities, which is giving greater access to online entertainment portals to the tech-savvy generation.
Digital influence on broader consumer spending is significant and is growing rapidly.
In Nigeria, traditional banking players are competing to outdo each other in winning not only adults but also children.
In the past, teens were not considered eligible to have a banking account.
However, to boost financial inclusion at an early age, banks can now offer parents to operate the accounts for their children.
Therefore, the trend is helping parents to teach kids to save money at an early age.Several banks target teens with unique interest rates, gifts, and innovative prepaid card products in Nigeria.
For instance, First Bank, the premier banking institution in the country, has two different packages for teens known as KidsFirst and MeFirst.
The account is automatically converted into a MeFirst account when the kid turns 13.The bank offers kids a desirable and trendy prepaid card, through which parents can credit weekly and monthly allowances.Polaris Bank and Guaranty Trust Bank are other banking institutions that provide kids with debit cards.
In 2020, animal meat production decreased in Germany as the rise of plant-based eating continued its upward trajectory.
In 2020, the meat production value decreased nearly 3–5% compared to 2019, whereas the plant-based alternatives experienced double-digit growth during the same period in the country.
According to ConsumerIntel360, this growth in plant-based alternatives is largely driven by consumer demand for sustainable and healthier alternatives in the country.
It is expected that the trend is likely to remain the same and provide higher growth opportunities for plant-based meat producers in the next few quarters.ConsumerIntel360 expects that meat alternatives segment is expected to record a CAGR of 21.0%, increasing from US$179.7 million in 2020 to reach US$684.3 million by 2027 in Germany.Falling meat production is expected to create growth opportunity for alternative meats in GermanyConsumerIntel360 attributes the global coronavirus pandemic to be one of the key reasons behind the fall of meat production in Germany.
This has reduced to a third, with an average monthly meat consumption standing at 2.3 kg in 2020.Consequently, ConsumerIntel360 expects that a fall in meat production and the rising vegan population in Germany are likely to provide growth opportunities to alternative meat producers.Vegan diet is gaining popularityIn Germany, more and more people are turning towards a vegan diet.
According to Veganz, a Germany-based supermarket, the number of vegans doubled in four years in the country.
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