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Diabetes Management Market Qualitative Insights on Application & Outlook by Share, Future Growth


Diabetes management market qualitative analysis of market trends, drivers and restraints.

PORTLAND, OREGON, UNITED STATES, August 19, 2022 /EINPresswire.com/ — Diabetes management market is segmented by type of devices into monitoring, diagnostic, insulin delivery and other devices. Blood glucose monitoring devices has the largest market share, as critical monitoring of glucose level is necessary for the management of diabetes. Also, the insulin delivery devices have increased its sale to promising value, which has resulted in improvement in insulin delivery technology. In this segment, insulin pens are more popular as they are less painful in usage.

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The leading companies in global diabetes management market include Abbott Laboratories, Bayer AG, Bristol-Myers Squibb, Eli Lilly and Co., Sanofi, Dexcom, Medtronic and Novo Nordisk A/S. Currently, Abbott, Dexcom and Medtronic dominate continuous glucose monitoring devices market and have launched several new products. Eli Lilly and Novo Nordisk have concentrated on Indian market and have launched easy-to-use insulin versions to snatch high market share. Also, companies are focusing on collaborations and partnerships to gain profitability.

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Prime driver for global diabetes management market is increasing incidence of type I and type II diabetes combined with high obese population. Additionally, combination therapy as compared to monotherapy is gaining popularity due to its high efficacious nature. Increase in collaborations and alliances are the better avenues to attain high profitability. However, global diabetes management market suffers from some of the critical restrains namely, counterfeiting of drugs, scarcity of healthcare personnel in some countries such as Russia, cost sensitivity and limited infrastructure for management. Emerging economies offer ample opportunities to big players of this market to expand their business. Also, there is a need of improved, efficacious and safe treatment, which can be fulfilled by innovative R&D.

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• This report offers the following benefits in particular:
• Qualitative analysis of market trends, drivers and restraints within global diabetes management market
• Identification of leading companies within global diabetes management market combined with ample information on competitive landscape and leading technologies would give a better understanding of the market players and their strategies
• Insightful analysis of different segments helps to understand and capitalize future opportunities
• Identification of emerging economies such as India and China, and opportunities therein

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