Bangladesh Diabetes Care Devices Market Insights, Current And Future Market Trends & Forecast Till 2027
Growth Opportunities in the Bangladesh diabetes care devices market look promising over the next six years. The increasing diabetic population, obesity & hypertension nationwide due to the increased intake of calories and less physical activities, followed by modification in the lifestyle, which is growing the consumption of processed food, are key factors driving the growth of the Bangladesh diabetes care devices market.
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Bangladesh Diabetes Care Devices Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The increasing diabetic population, obesity & hypertension nationwide due to the increased intake of calories and less physical activities, followed by modification in the lifestyle, which is growing the consumption of processed food, are the significant factors propelling the growth of the Bangladesh diabetes care devices market. As per the International Diabetes Federation, in March 2020, about 8.3 million people were diabetic in Bangladesh, which brings a major concern for the nation’s health system. In Bangladesh, under the fourth Health, Population, and Nutrition Sector Programme for 2017-21, the government began the screening of blood sugar, height, cancer, weight, and other drivers in the Upazila health complexes and community clinics.
The increasing investments in the healthcare industry and various government initiatives to decrease the spread of diabetes across the nation will further stimulate the growth of the Bangladesh diabetes care devices market in the upcoming years. The government of the country introduced the first diabetes treatment guideline focusing on enhancing the quality of treatment. Diabetes Care BADAS Guideline 2019 was established by the Diabetic Association of Bangladesh (BADAS) and the Non-Communicable Diseases Control Programme of Directorate General of Health Services. The guideline allows to standardize the treatment outline of the diabetic patients and ensures a better outcome. On the other hand, side effects regarding the use of diabetes care devices will hinder the growth of the Bangladesh diabetes care devices market. For example, the long-term use of insulin pumps can cause daytime sleepiness and weight gain.
Bangladesh Diabetes Care Devices Market Segmentation:
Segmentation by Product Type:
- Insulin Delivery Device
- Blood Glucose Monitoring Device
Segmentation by End-User:
- Homecare Setting
- Hospitals
- Others
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