Diabetes results from the pancreas' inability to synthesise insulin from blood. Elevated blood sugar levels are the cause of untreated diabetes. Medication for diabetes is specifically made to treat diabetes. Increasing blood glucose levels is the goal of diabetic treatment. Diabetes care devices keep an eye on the blood sugar levels of diabetics. A continuous glucose monitor (CGM) is a medical gadget used to continuously measure and record blood sugar levels in people with diabetes. Diabetics can better control their blood sugar levels with the aid of this wearable gadget.
According to SPER market research, ‘Europe Diabetes Care Devices Market Size- By Monitoring Devices, By Management Devices - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Diabetes Care Devices Market is predicted to reach USD XX billion by 2033 with a CAGR of XX%.
Drivers:
An upsurge in obesity
- Obesity is one of the primary risk factors for diabetes in humans. According to WHO estimations, about 50% of individuals in Europe were overweight and 20% of people were fat in 2014. Obesity is more common in men. Risk factors that are directly linked to the rising prevalence of diabetes, like the rising prevalence of obesity, result in a high prevalence of the disease. As a result, the market for diabetic gadgets is growing.
Expanding knowledge about diabetes management
- This market is expected to grow over the course of the forecast period for a variety of reasons, including an increase in the number of diabetes patients and increased public awareness of diabetes control and treatment.
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Challenges: Numerous obstacles face the European market for diabetes care devices. The increased prevalence of diabetes in the region—which is brought on by sedentary lifestyles, bad eating habits, and aging populations—is a significant concern. Healthcare systems are under pressure from the growing number of diabetes cases, which makes efficient resource management and allocation necessary to keep up with the growing demand for diabetes care goods and services. It is also challenging for device manufacturers to penetrate and expand into new markets due to the disparate regulatory frameworks and reimbursement patterns throughout European countries.
Impact of COVID-19 on Europe Diabetes Care Devices Market
The market for diabetes care equipment grew more slowly because to the COVID-19 pandemic. The COVID-19 virus increased blood glucose levels. The number of patients increased due in part to the use of steroids in the treatment of COVID-19 and elevated blood glucose levels brought on by the stress of infection. Leaders in the market surely benefited from these chances. In response to the growing incidence of diabetes, numerous players have entered into partnerships and agreements pertaining to diabetes care devices and have unveiled new, cutting-edge technology. Even though the impact on the market was very transitory, lockdowns and travel restrictions caused supply chain disruptions that ultimately led to a shortage of diabetic care equipment.
Additionally, some of the market key players are Abbott Diabetes Care, Agamatrix Inc., Ascensia Diabetes Care, Bionime Corporation, Dexcom Inc., Eli Lilly.
Europe Diabetes Care Devices Market Segmentation:
By Monitoring Devices: Based on the Monitoring Devices, Europe Diabetes Care Devices Market is segmented as; Self-monitoring Blood Glucose Devices, Continuous Glucose Monitoring Devices.
By Management Devices: Based on the Management Devices, Europe Diabetes Care Devices Market is segmented as; Insulin Pump, Insulin Syringes, Cartridges in Reusable Pens, Insulin Disposable Pens, Jet Injectors.
By Region: This research also includes data for UK, France, Germany, Italy, Spain, Rest of Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Europe Diabetes Care Devices Market Size
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