Diabetes is group of metabolic disorder, often referred as Diabetes Mellitus, results in high blood glucose levels. Body cells use glucose as a source of energy and insulin is important for the cells to absorb this glucose. When the body cells loose the capacity to respond to the insulin or body is not capable of producing sufficient insulin, it leads to an increase in blood glucose levels in the body. This condition is referred to as diabetes. Depending on the cause of development, it is divided into three types, which includes type 1 diabetes (body loses the capacity of producing sufficient insulin), type 2 diabetes (most common and body cells do not respond to insulin) and gestational diabetes (occurs in pregnant women). Among these, type 2 diabetes is the most common type and affects over 90% of the global diabetic patients.
According to the International Diabetes Federation (IDF), the number of diabetic patients reached 415 million in 2015 globally and is expected to reach around 642 million by 2040. According to the IDF, global healthcare expenditures to treat diabetes and its complications was USD 673 billion in 2015, representing 12% of total global healthcare expenditures and is expected to exceed USD 802 billion by 2040. According to the Asian Diabetes Prevention Organization, below are the some of the key facts and figures related to Asia-Pacific diabetes population:
60% of global diabetic population live in Asia 113.9 million adults have diabetes in China, which represents 11.6% of adult population in the country 65.1 million adults live with diabetes in India. By 2030, it is estimated that both China and India combined will have almost half a billion diabetics. Asians have a higher percentage of body fat at the same BMI as whites. Almost 1 in 3 cigarettes manufactured around the globe is smoked in China.
The global diabetes devices market includes a wide range of products used by patients to treat and monitor their blood glucose levels. The key drivers of this market growth include growing number of diabetes population, increasing demand for minimally invasive and non-invasive treatment and monitoring devices, rise in base of geriatric population, growing awareness about the technologically advanced products among the population, and launch of new generation of products for the treatment. Growing demand from emerging markets and supportive government initiatives are also been among foremost factors driving demand of diabetes devices market. The Asia-Pacific market for diabetes devices was valued at USD 3.2 billion in 2015 and is expected to reach around USD 4.8 billion by 2022, growing at a CAGR of 6.1% during the forecast period of 2016 to 2022.
The report delivers a strategic analysis of the Asia-Pacific market for diabetic devices and growth forecast for the period from 2016e – 2022f. The scope of the report includes competitive analysis of various market players who are operating in the market, and segmental analysis. It also covers geographical analysis of the market with growth forecast for the period of 2016e – 2022f. The Porter’s Five Forces analysis and value chain analysis included in the report provides an insight into market dynamics and industry competition.
The study also provides information for recent merger and acquisition deals happened in the diabetes devices market Moreover, the report also includes growth strategies and entry barriers to be considered to cater to the exact business opportunities in this market. Additionally, to aid in strategic decision making, the report also includes competitive profiling of leading players, recent developments in the industry and various business strategies adopted by them. This report will help players in diabetes devices market to plan and implement their strategies in different market areas such as emerging geographies, and new technologies.
• Abbott Laboratories
• Dickinson and Company
• Johnson & Johnson
• Novo Nordisk