Top players: Abbott Laboratories, Acon Laboratories, Inc., Becton, Dickinson, and Company, Dexcom, Inc.

The diabetes devices mostly include all devices that are used to monitor, treat and manage diabetes. Major products in this market consist of glucose monitors, test strips, lancets, and continuous blood glucose meters among other similar products.

Europe Diabetes Care Devices Market-Market Dynamics

In the European Union (EU), there are more than 31 million people living with diabetes aged between 20 and 79. This signifies an average diabetes prevalence rate of 8.6% of the adult population and is expected to reach around 10% by 2025. This signifies the increasing market of diabetes device in the EU. The report details several factors driving and restraining the market. Some of these are listed below. The major opportunities and challenges that the market players face are also discussed.

Drivers

The European diabetes care devices market is driven by various factors like:

Increasing incidence of diabetes

Increased R&D activities in the diagnosis and treatment of diabetes,

Technological innovations

Increase in obese people

Favorable government policies

Restraints

The major factors restraining the market are:

High cost of diabetes devices

Reimbursement issues

Patent expiry

Lack of awareness about new diabetes care devices

Opportunities and Challenges

Development of new formulations and technologies for delivery of insulin, improved primary care structure and the demand for non-invasive diabetes diagnostic and drug delivery services are some of the market opportunities for the players. However, they face the challenge of dealing with stringent regulations and lack of expertise in diabetes management.
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The European diabetes care device market is segmented based on its products into blood glucose monitoring device and insulin delivery devices. Based on glucose monitoring devices, the market is further segmented into continuous glucose monitors, self-monitoring blood glucose meters, infusion sets, testing strips, lancets and other glucose monitoring product. Based on insulin delivery devices, the market is segmented into insulin pumps, insulin syringes insulin jet injectors and insulin pens.

Based on geographical location, the European diabetes care devices market can be broadly divided into France, UK, Germany, Spain, Portugal, Scandinavia, and Italy.

Some of the key players in the market are:

Abbott Laboratories

Acon Laboratories, Inc.

Becton, Dickinson, and Company

Dexcom, Inc.

Johnson and Johnson

Medtronic PLC

Sanofi

Key Deliverables in the Study

Market analysis for the Europe diabetes care devices market, with region-specific assessments and competition analysis on a regional scale.

Market definition along with the identification of key drivers and restraints.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their market.

Identification and analysis of the macro and micro factors that affect the Europe diabetes device care on a regional scale.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market

Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.

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