United States Diabetes Care Devices Market Forecast and Trends Analysis Research Report 2020-2027

Growth Opportunities in the United States diabetes care devices market look promising over the next six years. The increasing number of diabetic patient and the rapid technological innovation in diabetes care devices are key factors driving the growth of the United States diabetes care devices market.

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United States Diabetes Care Devices Market Dynamics (including market size, share, trends, forecast, growth, and industry analysis)

Key Drivers

The increasing number of diabetic patients in the nation is a key factor surging the growth of the United States diabetes care devices market size. According to the research held by the US Department of Health and Human Services in 2018, among the total US population, about 34.2 million or 10.5% of the population had diabetics. Furthermore, around 210,000 children and adolescents younger than the age of 20 have been identified with diabetes, which is about 0.25% of the total US population. This percentage was approximately about 18,200 for the years 2014-15, adding both the type 1 diabetes and type 2 diabetes patients. Diabetes care devices are utilized to control glucose levels in the blood. Thereby, the accelerating number of diabetes patients is another driver propelling the growth of the United States diabetes care devices market. The rapid technological innovation in these devices is expected to fuel the growth, including the launch of Dexcom G6, which assembles real-time glucose data over ten days and appears with both unblinded and blinded mode. In the blinded mode, the real-time glucose data is hidden from the patient and reviewed with the healthcare professional at the end of the session. There has been an upsurge in demand for insulin pens compared to cartridges as they have relatively less cost.

The growing prevalence of hypertension and obesity in the US will energize the growth of the diabetes care devices market in the US. As per a report published by the Centers for Disease Control and Prevention, the prevalence rate of obesity was nearly 42.4% during 2017-18. Several obesity-related conditions, which include type 2 diabetes, stroke, heart diseases, and other kinds of cancer, are some of the reasons for preventable and premature death. The government has also introduced the “National Diabetes Prevention Program,” which is a partnership among the public and private companies that are working to avoid or delay type 2 diabetes nationwide. Thereby, the growing number of initiatives and programs regarding the prevention of diabetes is further contributing to the growth of the US diabetes care devices market. On the other hand, the rising awareness regarding several side effects of diabetes care devices. For example, the long-term usage of insulin pumps is increasing weight and daytime sleepiness.

United States 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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