When the pancreas is unable to produce insulin from the blood, diabetes develops. Untreated diabetes is caused by high blood sugar levels. Diabetes medications are used to treat diabetes. Diabetic treatment aims to increase blood glucose levels. Diabetics utilise diabetes care tools to monitor their blood glucose levels. A continuous glucose monitor (CGM) is a medical gadget that tracks and monitors diabetes patients' blood glucose levels throughout the day. People with diabetes will benefit from this wearable device since it can help them manage their glucose levels. Ketone metres, blood glucose metres, continuous glucose metres, insulin pumps, smart insulin pens, and diabetes management software are examples of diabetic monitoring equipment. Patients can improve their health by using glucose monitoring devices to maintain and control their glucose levels.
During the projected period, the Asia Pacific Diabetes Devices Market is expected to increase at a CAGR of 8.2 %, reaching a total value of 11,650 million USD in 2030. Due to the large diabetes population, Asia-Pacific is the fastest expanding area in the global market. Due to the high prevalence of diabetes, China and India account for the largest proportion of the Asia-Pacific diabetes care devices market.
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The market segment of Asia Pacific diabetes devices market region has been categorised by type, distribution channel, and end-use.
According to type, the diabetes devices market is divided into blood glucose monitoring devices and insulin administration devices. The insulin delivery devices sector is likely to lead the market, with a projected value of USD 30,412.19 million by 2030, representing a 7.62 percent CAGR over the forecast period.
The expanding number of rules and approvals for technological developments in insulin delivery devices such as insulin pens, insulin pumps, jet injectors, and other devices are some of the key driving factors for demand for insulin delivery devices. The growing acceptability of insulin patches and smart insulin pumps for diabetes self-management is one of the factors boosting demand for insulin delivery devices.
Based on the distribution channel, the diabetic devices market has been divided into hospitals, retail pharmacies, diabetes clinics/centres, internet pharmacies, and others. The retail pharmacies sector is estimated to lead the market, with revenues of USD 11,491.59 million by 2030, representing a CAGR of 6.92 percent over the forecast period. Some of the reasons projected to promote the growth of the retail sales segment over the projection period include rising penetration of private-label products in retail stores at lower prices.
Based on application, the diabetic devices market has been divided into hospitals, home care, and diagnostic centres. The hospitals category is likely to lead the market, with revenues of USD 19,845.68 million expected by 2030, representing a CAGR of 6.42 percent during the forecast period. Diabetic people are increasingly being admitted to hospitals.
Type 1 diabetes patients had longer hospital stays, a higher death rate, and more complications than type 2 diabetes patients. Type 1 diabetes patients are administered insulin to prevent ketoacidosis, although they have a higher rate of hyperglycaemia. As a result, an increase in the number of type 1 diabetes patients in hospitals, as well as an increase in the demand for continuous blood glucose monitoring, are two factors pushing up the demand.
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Due to the large diabetes population, Asia-Pacific is the fastest expanding area in the global market. Due to the high prevalence of diabetes, China and India account for the largest proportion of the Asia-Pacific diabetes care devices market. According to the World Health Organization, Asia-Pacific is home to more than 60 percent of the world's diabetics, with India and China accounting for 90 million and 62 million diabetics, respectively. Both countries are predicted to have a diabetic population of half a billion people by 2030.
The Asia-Pacific diabetes care device market is dominated by China. The rapid urbanisation, high-calorie diet, and physical inactivity that are the main causes of China's high diabetes prevalence can be related to the Chinese market's expansion. During the projection period, India is expected to grow rapidly. The rising prevalence of diabetes, rising illness awareness, changing eating patterns, and rising disposable incomes in India are all expected to boost the growth of the Indian diabetes care devices market.
The Japan Association for Diabetes Education and Care runs a few diseases management programmes in the Japanese healthcare system. In terms of diabetes public health policies, Japan is a regional leader in Asia-Pacific. The country promotes public awareness and supports preventative programmes that emphasise lifestyle and nutritional changes to reduce the risk of adult-onset diabetes.
Some major players in the Asia Pacific Region (having significant market share) are listed below: