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 chronic condition with no definitive cure, primarily caused by the body’s inability to produce or properly utilize the hormone insulin. This dysfunction impairs the regulation of blood glucose levels, leading to health complications. Diabetes is categorized into two main types: type 1 diabetes (also known as diabetes insipidus) and type 2 diabetes (referred to as diabetes mellitus). The prevalence of diabetes, particularly type 2, has been steadily rising across Europe, driven largely by cultural and societal changes. In high-income countries, approximately 91% of adults with diabetes have type 2. According to the International Diabetes Federation (IDF), millions of individuals aged 20-79 were affected by diabetes in 2021.
Diabetes can result in severe complications affecting various parts of the body and significantly increases the risk of premature death. Major complications include heart attacks, strokes, kidney failure, leg amputations, vision loss, and nerve damage. Due to these risks, individuals with diabetes require regular monitoring and often need external insulin administration. The increasing prevalence of diabetes is driving the growth of the diabetes care devices market across the region.
With the introduction of innovative features and advanced technologies, vendors have the opportunity to attract new customers and expand their presence in emerging markets. This trend is expected to significantly drive the growth of the Europe diabetes care devices market, which is projected to achieve a strong compound annual growth rate (CAGR) during the forecast period.
Europe Diabetes Care Devices Market Revenue and Forecast to 2028 (US$ Million)
Europe Diabetes Care Devices Market Segmentation
The Europe diabetes care devices market is segmented by type, end user, and country.
- Europe diabetes care devices market By Type: The market is divided into glucose monitoring devices and insulin delivery devices. In 2022, the glucose monitoring devices segment dominated the market. This segment is further categorized into testing strips, glucometers, lancets, and others. Similarly, the insulin delivery devices segment includes insulin pens, insulin syringes, insulin pumps, and others.
- Europe diabetes care devices market By End User: The market is bifurcated into homecare and hospitals & clinics. The homecare segment held the largest market share in 2022.
- Europe diabetes care devices market By Country: The market is categorized into the UK, Germany, France, Italy, Spain, and the Rest of Europe. The Rest of Europe segment led the market in 2022.
Key players in the Europe diabetes care devices market include
- B. Braun Melsungen AG
- BD, Dexcom, Inc.
- Eli Lilly and Company
- F. Hoffmann-La Roche Ltd.
- Insulet Corporation
- Medtronic
- Novo Nordisk A/S
- Tandem Diabetes Care Inc.
- Terumo Corporation.
Europe Diabetes Care Devices Strategic Insights
Strategic insights for the Europe diabetes care devices market provide a data-driven analysis of the industry landscape, highlighting current trends, key players, and regional dynamics. These insights offer actionable recommendations, enabling businesses to differentiate themselves by identifying untapped market segments or developing unique value propositions. By leveraging data analytics, industry players can anticipate market shifts and position themselves for long-term success. Whether investors, manufacturers, or other stakeholders, a future-oriented perspective is essential to navigating this dynamic market. Ultimately, these insights empower stakeholders to make informed decisions that drive profitability and achieve their business objectives.
Europe Diabetes Care Devices Regional Insights
The geographic scope of the Europe diabetes care devices market encompasses the specific regions where businesses operate and compete. Understanding local distinctions—such as consumer preferences (e.g., demand for specific device features or battery backup durations), economic conditions, and regulatory environments—is critical for tailoring strategies to meet the needs of specific markets. By identifying underserved areas or adapting offerings to align with local demands, businesses can expand their reach and strengthen their market position. A clear focus on regional dynamics allows for more effective resource allocation, targeted marketing campaigns, and improved competitiveness against local players, ultimately driving growth in these areas.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
