The North America diabetes care devices market is expected to grow from US$ 11,149.93 million in 2022 to US$ 16,386.63 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2022 to 2028.
Diabetes among the geriatric population is a growing public health burden. It is a major cause of morbidity and mortality in the aging population and leads to various chronic complications. Moreover, this population is growing exponentially. As per a UN report (2019), in 2019, there were 200.4 million people aged 65 and older in North America. Moreover, according to a report by the UN (2019), the regional geriatric population is expected to double over the next three decades. The geriatric population is more likely to have diabetes than the younger population, and its effect on the quality of life is particularly more in the former population. With a rise in the geriatric population, the prevalence of diabetes has increased. Therefore, there is an increase in demand for diabetes care devices, which is driving the market. With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America diabetes care devices market. The North America diabetes care devices market is expected to grow at a good CAGR during the forecast period.
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North America Diabetes Care Devices Market Revenue and Forecast to 2028 (US$ Million)
North America Diabetes Care Devices Market Segmentation
The North America diabetes care devices market is segmented based on type, end user, and country. Based on type, the North America diabetes care devices market is bifurcated into glucose monitoring devices and insulin delivery devices. The glucose monitoring devices segment would dominate the market in 2022. The glucose monitoring devices segment is further categorized into testing strips, glucometer, lancets, and others. Similarly, the insulin delivery devices segment is segmented into insulin pens, insulin syringes, insulin pumps, and others. In terms of end user, the North America diabetes care devices market is bifurcated into homecare and hospitals & clinics. The homecare segment would dominate the market in 2022. Based on country, the North America diabetes care devices market has been categorized into the US, Canada, and Mexico. The US would dominate the market in 2022. 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.; and Terumo Corporation are among the leading companies in the North America diabetes care devices market.
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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
North America Diabetes Care Devices Market
The North American diabetes care devices market is experiencing significant growth due to the increasing prevalence of diabetes, rising awareness of the importance of managing the disease, and advancements in medical technology. This market includes various devices such as glucose monitors, insulin pumps, diabetes management software, and other tools designed to aid individuals in controlling their blood sugar levels and overall health. North America, which includes the United States, Canada, and Mexico, is home to a large number of individuals living with diabetes, thus driving the demand for more innovative and effective diabetes care devices. This market is projected to continue growing over the coming years due to factors such as technological advancements, a rise in the geriatric population, and increasing healthcare investments.
Technological Innovations and Market Expansion
Vendors in the diabetes care devices market are increasingly focusing on developing new features and technologies to attract customers, particularly in the growing geriatric population. Innovations in diabetes care devices are not only improving the management of the disease but also enhancing the overall user experience, making it easier for older adults to adopt and use these devices.
- User-Friendly Designs: Manufacturers are focusing on designing diabetes care devices with user-friendly interfaces, large displays, and simplified instructions to cater to the elderly, who may have visual impairments or limited dexterity.
- Wireless Connectivity: Many modern diabetes devices offer wireless connectivity, allowing for real-time data sharing with healthcare providers and caregivers. This is especially valuable for elderly individuals who may need assistance with managing their diabetes or monitoring their condition remotely.
- Artificial Intelligence (AI) Integration: The integration of AI into diabetes care devices is becoming more common. For example, some glucose monitoring systems now use AI algorithms to predict blood sugar fluctuations and suggest personalized adjustments to insulin dosing. These advanced systems can help reduce the risk of complications and improve outcomes for elderly patients.
- Wearable Devices: Wearable devices that monitor glucose levels, physical activity, and other health parameters are gaining popularity among the elderly. These devices not only help track blood sugar but also provide insights into the patientโs overall health, promoting a holistic approach to diabetes management.
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