Diabetes Care Devices Market Insights, Research and Growth Factor till 2032
With a 6.3% CAGR from 2022 to 2032, the global diabetes care devices market is expected to be worth US$ 9.7 billion in 2022 and US$ 17.87 billion by 2032. The diabetes care devices market is being driven by rising diabetes cases and increased use of insulin delivery devices. Changes in urbanisation, a growing preference for a fast-paced urban and sedentary lifestyle combined with an unhealthy diet, and an increase in diabetes cases have increased global sales of diabetes care devices. Furthermore, technological advancements in diabetes care devices drive market growth. Obesity, sedentary lifestyle, and poor diet, among other factors, are to blame for the rise in diabetics. Diabetes care device demand is expected to increase throughout the assessment period due to the rising prevalence of the disease and the high number of deaths - 6.7 million deaths in 2021 - caused by the disease. Key Takeaways: Market growth is being driven by an ageing population, laxer regulations, ...