The Europe diabetes care devices market is expected to grow from US$ 8,371.49 million in 2022 to US$ 11,914.05 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2022 to 2028.
Diabetes is a serious and chronic condition with no definitive cure, primarily resulting from the body’s inability to produce or effectively utilize insulin—a hormone essential for regulating blood glucose levels. This dysfunction leads to elevated blood sugar, which, if unmanaged, can cause long-term health complications. There are two main types of diabetes: type 1 (often confused with diabetes insipidus) and type 2 (also known as diabetes mellitus).
The incidence of diabetes is steadily rising across Europe, with type 2 diabetes being the most common form. Its prevalence has been linked to evolving lifestyle, cultural, and societal changes. In high-income nations, approximately 91% of adults with diabetes have type 2. According to the International Diabetes Federation (IDF), millions of people aged 20–79 were living with diabetes in 2021. The disease significantly increases the risk of severe health issues, including heart attacks, strokes, kidney failure, limb amputations, vision loss, and nerve damage. Consequently, individuals with diabetes often require regular monitoring and external insulin administration to manage their condition effectively.
The increasing prevalence of diabetes is driving the demand for diabetes care devices across Europe. With continuous advancements in features and technology, manufacturers have the opportunity to attract new customers and expand into emerging markets. These innovations are expected to support strong growth in the Europe diabetes care devices market, which is projected to register a healthy compound annual growth rate (CAGR) over the forecast period.
Europe Diabetes Care Devices Market Segmentation
The Europe diabetes care devices market is segmented by product type, end user, and country:
- By Product Type: Europe Diabetes Care Devices Market
- Glucose Monitoring Devices (dominant segment in 2022)
- Testing Strips
- Glucometers
- Lancets
- Others
- Insulin Delivery Devices
- Insulin Pens
- Insulin Syringes
- Insulin Pumps
- Others
- Glucose Monitoring Devices (dominant segment in 2022)
- By End User: Europe Diabetes Care Devices Market
- Homecare (dominant segment in 2022)
- Hospitals & Clinics
- By Country: Europe Diabetes Care Devices Market
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe (dominant segment in 2022)
Europe Diabetes Care Devices Market Key Players
Leading companies in the Europe diabetes care devices market include:
- B. Braun Melsungen AG
- BD (Becton, Dickinson and Company)
- Dexcom, Inc.
- Eli Lilly and Company
- F. Hoffmann-La Roche Ltd.
- Insulet Corporation
- Medtronic
- Novo Nordisk A/S
- Tandem Diabetes Care, Inc.
- Terumo Corporation
This segmentation highlights the key drivers, product categories, and competitive landscape shaping the diabetes care devices market in Europe.
Europe Diabetes Care Devices Market Strategic Insights
Strategic insights for the Europe Diabetes Care Devices provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the Europe Diabetes Care Devices Market.
Europe Diabetes Care Devices Market Regional Insights
The geographic scope of the Europe Diabetes Care Devices refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
