BRIC Diabetes Care Devices Market Size, Share & Trends Analysis Report By Product (Blood Glucose Monitoring Devices), By Distribution Channel (Hospital Pharmacy), By End Use, By Country, And Segment Forecasts, 2024

Description

BRIC Diabetes Care Devices Market Growth & Trends:

The BRIC diabetes care devices market size is projected to reach USD 6.42 billion by 2030, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 8.6% from 2024 to 2030. The market in BRIC nations is primarily driven by the increasing prevalence of diabetes, especially among geriatric and obese population. Increasing collaboration and funding support to research is further augmenting the growth. The factors responsible for the increasing incidence of glucose impairment are the increasing alcohol and tobacco consumption, lack of physical activity, and obesity. However, increasing prices of advanced devices and presence of cost-effective alternative treatment may restrict the market growth.

BRIC nations are also witnessing large untapped opportunities with favorable government initiatives focused on disease awareness. According to the World Health Organization (WHO), more than 50% Indian population with diabetes remains undiagnosed. Many government initiatives and approval from the Food and Drug Administration (FDA) for advanced diabetes care devices are also propelling the growth. For instance, in 2019, the Research Trust of Diabetes India launched its 1000 days Initiative to control diabetes in the country. This initiative will bring together diabetologists across India to provide recommendations and clinical guidelines. Furthermore, technological advancements coupled with collaboration among key market players is also propelling the market growth. For instance, in September 2019, Abbott and Sanofi collaborated to work on tools that integrate Sanofi's insulin dosing information with Abbott's FreeStyle Libre technology.

BRIC Diabetes Care Devices Market Report Highlights:

Insulin delivery devices dominated the market and accounted for a revenue share of 54.2% in 2023. The market for insulin delivery devices is segmented into insulin pens, insulin pumps, syringes, and jet injectors.
Hospital pharmacies dominated the market and accounted for a revenue share of 54.1% in 2023. Hospital pharmacies have become the preferred choice for patients seeking comprehensive diabetes care, providing a convenient one-stop solution for all medical needs related to the condition.
Hospitals led the market and accounted for a revenue share of 40.8% in the year 2023. This growth is attributed to the increasing rate of hospitalizations among diabetic patients, leading to a higher need for diabetes care devices.
The China diabetes care devices market dominated the BRICS market and accounted for the largest revenue share of 48.1% in 2023.

Product Code: GVR-3-68038-909-8

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. BRIC Diabetes Care Devices Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. BRIC Diabetes Care Devices Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. BRIC Diabetes Care Devices Market: Product Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. BRIC Diabetes Care Devices Market: Product Movement Analysis, 2023 & 2030 (USD Million)
4.3. Blood Glucose Monitoring Devices
- 4.3.1. Blood Glucose Monitoring Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  - 4.3.1.1. Self-monitoring Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  - 4.3.1.2. Continuous Glucose Monitoring Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Insulin Delivery Devices
- 4.4.1. Insulin Delivery Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  - 4.4.1.1. Pens Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  - 4.4.1.2. Pumps Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  - 4.4.1.3. Syringes Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  - 4.4.1.4. Jet Injectors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. BRIC Diabetes Care Devices Market: Distribution Channel Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. BRIC Diabetes Care Devices Market: Distribution Channel Movement Analysis, 2023 & 2030 (USD Million)
5.3. Hospital Pharmacies
- 5.3.1. Hospital Pharmacies Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Retail Pharmacies
- 5.4.1. Retail Pharmacies Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. Diabetes Clinics/ Centers
- 5.5.1. Diabetes Clinics/ Centers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.6. Online Pharmacies
- 5.6.1. Online Pharmacies Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.7. Others
- 5.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. BRIC Diabetes Care Devices Market: End Use Estimates & Trend Analysis

6.1. Segment Dashboard
6.2. BRIC Diabetes Care Devices Market: End Use Movement Analysis, 2023 & 2030 (USD Million)
6.3. Hospitals
- 6.3.1. Hospitals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Diagnostic Centers
- 6.4.1. Diagnostic Centers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Homecare
- 6.5.1. Homecare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. BRIC Diabetes Care Devices Market: Country Estimates & Trend Analysis

7.1. BRIC Diabetes Care Devices Market Share, By Country, 2023 & 2030, USD Million
7.2. Brazil
- 7.2.1. Brazil Diabetes Care Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. Russia
  - 7.2.2.1. Russia Diabetes Care Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. India
  - 7.2.3.1. India Diabetes Care Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. China
  - 7.2.4.1. China Diabetes Care Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 8. Competitive Landscape

8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Heat Map Analysis
8.4. Company Profiles
- 8.4.1. Medtronic plc
  - 8.4.1.1. Participant's Overview
  - 8.4.1.2. Financial Performance
  - 8.4.1.3. Product Benchmarking
  - 8.4.1.4. Recent Developments/ Strategic Initiatives
- 8.4.2. Abbott
  - 8.4.2.1. Participant's Overview
  - 8.4.2.2. Financial Performance
  - 8.4.2.3. Product Benchmarking
  - 8.4.2.4. Recent Developments/ Strategic Initiatives
- 8.4.3. F. Hoffmann-La-Ltd.
  - 8.4.3.1. Participant's Overview
  - 8.4.3.2. Financial Performance
  - 8.4.3.3. Product Benchmarking
  - 8.4.3.4. Recent Developments/ Strategic Initiatives
- 8.4.4. Bayer AG
  - 8.4.4.1. Participant's Overview
  - 8.4.4.2. Financial Performance
  - 8.4.4.3. Product Benchmarking
  - 8.4.4.4. Recent Developments/ Strategic Initiatives
- 8.4.5. Lifescan IP Holdings
  - 8.4.5.1. Participant's Overview
  - 8.4.5.2. Financial Performance
  - 8.4.5.3. Product Benchmarking
  - 8.4.5.4. Recent Developments/ Strategic Initiatives
- 8.4.6. B Braun SE
  - 8.4.6.1. Participant's Overview
  - 8.4.6.2. Financial Performance
  - 8.4.6.3. Product Benchmarking
  - 8.4.6.4. Recent Developments/ Strategic Initiatives
- 8.4.7. Dexcom Inc.
  - 8.4.7.1. Participant's Overview
  - 8.4.7.2. Financial Performance
  - 8.4.7.3. Product Benchmarking
  - 8.4.7.4. Recent Developments/ Strategic Initiatives
- 8.4.8. Insulet Corporation
  - 8.4.8.1. Participant's Overview
  - 8.4.8.2. Financial Performance
  - 8.4.8.3. Product Benchmarking
  - 8.4.8.4. Recent Developments/ Strategic Initiatives
- 8.4.9. YPSOMED
  - 8.4.9.1. Participant's Overview
  - 8.4.9.2. Financial Performance
  - 8.4.9.3. Product Benchmarking
  - 8.4.9.4. Recent Developments/ Strategic Initiatives
- 8.4.10. Sanofi
  - 8.4.10.1. Participant's Overview
  - 8.4.10.2. Financial Performance
  - 8.4.10.3. Product Benchmarking
  - 8.4.10.4. Recent Developments/ Strategic Initiatives
- 8.4.11. Valeritas Holding Inc.
  - 8.4.11.1. Participant's Overview
  - 8.4.11.2. Financial Performance
  - 8.4.11.3. Product Benchmarking
  - 8.4.11.4. Recent Developments/ Strategic Initiatives
- 8.4.12. Novo Nordisk A/S
  - 8.4.12.1. Participant's Overview
  - 8.4.12.2. Financial Performance
  - 8.4.12.3. Product Benchmarking
  - 8.4.12.4. Recent Developments/ Strategic Initiatives
- 8.4.13. Arkray, Inc.
  - 8.4.13.1. Participant's Overview
  - 8.4.13.2. Financial Performance
  - 8.4.13.3. Product Benchmarking
  - 8.4.13.4. Recent Developments/ Strategic Initiatives

BRIC Diabetes Care Devices Market Size, Share & Trends Analysis Report By Product (Blood Glucose Monitoring Devices), By Distribution Channel (Hospital Pharmacy), By End Use, By Country, And Segment Forecasts, 2024 - 2030