#continuous glucose monitoring market share

[health-views-updates]

Future Trends in the Continuous Glucose Monitoring Market: Projections and Insights

Continuous Glucose Monitoring Market Outlook, Scope & Overview:

Industry reports indicate that the global continuous glucose monitoring (CGM) market was valued at USD 7.92 billion in 2023 and is projected to reach USD 11.10 billion by 2031, growing at a CAGR of 4.03% over the forecast period 2024-2031.

Technological Advancements to Drive Growth of Global Continuous Glucose Monitoring Market

The adoption of continuous glucose monitoring technologies will continue to influence global market revenues. Diabetes management is increasingly relying on CGM systems to provide real-time glucose data, improve glycemic control, and enhance patient outcomes.

As a product segment, wearable CGM devices currently hold a significant share of the global CGM market. This segment is anticipated to grow at a year-over-year rate of 4.03% in 2024 over 2023 and reach USD 11.10 billion in revenues by 2031. The increasing prevalence of diabetes, coupled with advancements in sensor technologies and data analytics, is expected to drive market growth.

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Continuous Glucose Monitoring Solutions – Market Dynamics

Drivers:

Continuous glucose monitoring solutions are witnessing significant growth in the global market due to their ability to provide real-time glucose measurements, reduce the frequency of fingerstick tests, and support better diabetes management. The rising prevalence of diabetes worldwide, the growing adoption of personalized medicine, and advancements in CGM technologies, such as improved accuracy and longer sensor life, are key factors driving the adoption of CGM systems. Additionally, the increasing awareness about diabetes management and the expanding patient population are further propelling market growth.

Restraints:

Despite the growth potential, challenges such as high costs associated with CGM systems, limited insurance coverage, and concerns about data privacy are hindering the widespread adoption of continuous glucose monitoring solutions. Moreover, the need for regular calibration and the potential for sensor inaccuracies pose additional challenges to market expansion.

Continuous Glucose Monitoring Solutions – Market Outlook

The proven benefits of continuous glucose monitoring solutions in enhancing diabetes management, improving patient outcomes, and reducing healthcare costs have contributed to the market's growth. CGM solutions are expected to witness increased adoption across major healthcare markets, including North America, Europe, and Asia Pacific, driven by advancements in technology and the growing focus on diabetes care and prevention.

Global Continuous Glucose Monitoring Market

The rise in demand for continuous glucose monitoring solutions in developed and emerging markets is expected to drive market growth over the forecast period. North America currently holds a significant market share in the global CGM market, with the US being a key contributor to market revenues. Europe and Asia Pacific regions are also experiencing rapid adoption of CGM solutions, supported by increasing healthcare expenditures and rising diabetes prevalence.

Key Players in the Continuous Glucose Monitoring Market

Leading companies in the continuous glucose monitoring market include Dexcom, Inc., Abbott Laboratories, Medtronic plc, and Senseonics Holdings, Inc. These companies are at the forefront of developing and commercializing advanced CGM systems for various diabetes management applications, including real-time glucose monitoring and data analytics.

In conclusion, the global continuous glucose monitoring market is poised for steady growth over the forecast period, driven by technological advancements, increasing diabetes prevalence, and the expanding adoption of CGM solutions in diabetes care and management.

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Continuous Glucose Monitoring Market will be US$ 13.06 Billion by 2032

Continuous Glucose Monitoring Market Size The Continuous Glucose Monitoring Market was worth US$ 3.23 billion in 2023 and is projected to reach US$ 12.87 billion by 2032, with a Compound Annual Growth Rate of 8.23% from 2024 to 2032. Continuous glucose monitoring (CGM) is an effective tool that mechanically estimates blood glucose levels during the day and night. It consists of three…

[rkingresearch]

The Continuous Glucose Monitoring System Market was valued at USD 6.38 Billion in 2021. The market is projected to grow USD 12.36 Billion in 2030, at a CAGR of 10.7%

[credenceresearchdotblog]

The IoT and Virtual Hospital Market is projected to grow from USD 14,485 million in 2024 to USD 53,168.4 million by 2032, representing a compound annual growth rate (CAGR) of 17.65%.The integration of the Internet of Things (IoT) into the healthcare sector has led to groundbreaking changes, fundamentally altering how medical services are provided. One of the most exciting and rapidly evolving developments is the rise of the virtual hospital market. Virtual hospitals, also known as telehealth or remote healthcare systems, allow medical professionals to deliver care to patients from a distance, using various digital technologies. IoT, being at the center of this digital revolution, has provided the tools to make virtual hospitals not only feasible but efficient and scalable.

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What is a Virtual Hospital

A virtual hospital is essentially a hospital without physical walls. Instead of attending a traditional hospital, patients are monitored, diagnosed, and treated remotely. Virtual hospitals offer telemedicine services, remote consultations, and digital health monitoring. It relies on digital platforms to create a seamless connection between healthcare providers and patients, allowing real-time data sharing, diagnostics, and monitoring.

The Role of IoT in Virtual Hospitals

IoT in healthcare refers to the network of connected medical devices and sensors that collect, transmit, and analyze real-time patient data. These IoT devices can range from wearable devices (like smartwatches) that monitor vital signs, to more complex systems embedded in medical devices like insulin pumps, pacemakers, and hospital equipment.

Here’s how IoT is transforming virtual hospitals:

1. Remote Patient Monitoring One of the most important contributions of IoT in virtual hospitals is remote patient monitoring. Smart devices such as wearable fitness trackers, glucose monitors, heart rate sensors, and blood pressure cuffs enable continuous tracking of patients' vital signs. These devices send data to healthcare professionals in real time, allowing them to monitor patient health and intervene early if any abnormalities are detected.

For chronic disease management, this is particularly valuable. Patients with conditions such as diabetes, hypertension, or heart disease can be monitored continuously without frequent hospital visits. This not only improves patient outcomes but also reduces the strain on physical hospital infrastructure.

2. IoT-Driven Diagnostics IoT-enabled diagnostic tools can collect and analyze data faster than traditional methods. Smart medical devices and imaging systems can upload data to cloud-based platforms, where artificial intelligence (AI) algorithms can assist in diagnosing conditions. This allows healthcare professionals to receive detailed, real-time insights, making it easier to diagnose and treat patients remotely.

In virtual hospitals, IoT-based diagnostics can accelerate the detection of diseases such as cancer, cardiovascular conditions, and respiratory disorders. By integrating AI and machine learning with IoT devices, healthcare systems can detect anomalies that may not be visible through human observation alone.

3. Improved Data Management and Analytics IoT creates vast amounts of healthcare data. The challenge, however, is managing this data effectively. With the help of cloud-based IoT platforms, virtual hospitals can store and analyze patient data at scale. Advanced analytics and AI-driven algorithms can generate insights that help healthcare providers tailor treatments, identify trends, and predict future health issues before they arise.

Additionally, the aggregation of data from multiple patients provides valuable population health data, enabling healthcare systems to track disease patterns and manage public health more efficiently.

4. Enhanced Telemedicine Services Telemedicine has seen exponential growth over the last few years, and IoT has played a critical role in making this possible. IoT devices provide healthcare professionals with accurate, real-time data that allows them to make informed decisions during virtual consultations. Video conferencing alone may not be sufficient for effective remote diagnosis, but when coupled with IoT-enabled devices, doctors can monitor vitals such as heart rate, oxygen levels, and temperature.

For instance, if a patient is recovering from surgery or managing a chronic illness, IoT devices can transmit real-time data to their physician, who can adjust treatments as necessary without requiring the patient to come to the hospital.

5. Reduction in Healthcare Costs One of the driving factors for the growth of the virtual hospital market is the reduction in healthcare costs. IoT reduces the need for unnecessary hospital admissions, as patients can be monitored and treated from home. Additionally, continuous monitoring helps prevent health complications by catching issues early, reducing the likelihood of expensive emergency treatments. Virtual hospitals, empowered by IoT, provide a cost-effective alternative for both patients and healthcare providers.

Challenges in Implementing IoT in Virtual Hospitals

Despite the immense potential of IoT in virtual healthcare, certain challenges remain. First, there are concerns around data privacy and security, as sensitive patient data is transmitted across networks. Cybersecurity must be a top priority for healthcare providers to protect patient information.

Secondly, the high cost of implementing IoT infrastructure and devices can be prohibitive for some healthcare institutions, especially in developing regions. Additionally, seamless interoperability between different IoT devices and healthcare systems remains a technical challenge that needs to be addressed to ensure the smooth functioning of virtual hospitals.

The Future of IoT in Virtual Hospitals

The virtual hospital market is expected to grow exponentially in the coming years, thanks to advancements in IoT and AI technologies. With improvements in 5G networks, cloud computing, and machine learning, the future of healthcare is likely to be increasingly digital, making remote and virtual care more accessible to patients worldwide.

As IoT technology continues to evolve, it will play a central role in shaping the future of healthcare delivery, making virtual hospitals more efficient, cost-effective, and widely available.

Key Player Analysis

Oracle

IBM

Medtronic

Siemens

Microsoft

Koninklijke Philips

Cerner

GE Healthcare

Allscripts

McKesson

Segments:

Based on Component:

Hardware

Software and Services

Connectivity Devices

Based on Application:

Remote Patient Monitoring

Telemedicine

Store and Forward Telemedicine

mHealth

Others

Based on End User:

Hospitals and Surgical Centers

Clinical Research Organizations

Government and Defense Organizations

Research and Diagnostics Laboratories

Based on the Geography:

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

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Point Of Care (POC) Diagnostics Market Global Latest Trends and Insights 2024 to 2031

Leading market research firm SkyQuest Technology Group recently released a study titled 'Point Of Care (POC) Diagnostics Market Global Size, Share, Growth, Industry Trends, Opportunity and Forecast 2024-2031,' This study Point Of Care (POC) Diagnostics report offers a thorough analysis of the market, as well as competitor and geographical analysis and a focus on the most recent technological developments. The research study on the Point Of Care (POC) Diagnostics Market extensively demonstrates existing and upcoming opportunities, profitability, revenue growth rates, pricing, and scenarios for recent industry analysis.

The research analysis on the global Point Of Care (POC) Diagnostics Market report 2024 offers a close watch on top industry rivals along with briefings on their company profiles, strategical surveys, micro as well as macro industry trends, futuristic scenarios, analysis of pricing structure, and an all-encompassing overview of the Point Of Care (POC) Diagnostics Market circumstances in the forecast period between 2024 and 2031. The global Point Of Care (POC) Diagnostics Market is a dynamic and rapidly evolving sector, encompassing the development, production, and distribution. This market is essential for improving global market and driving economic growth through innovation and industry advancements. Market Growth The Point Of Care (POC) Diagnostics Market has experienced robust growth over the past decade and is projected to continue expanding. Global Point of Care Diagnostics Market size was valued at USD 47.67 Billion in 2022 and is poised to grow from USD 50.54 Billion in 2023 to USD 81.17 Billion by 2031, growing at a CAGR of 6.1 % in the forecast period (2024-2031).  This growth is driven by several factors, including an aging global population, increasing prevalence of advancements in technology, and rising global expenditure.

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Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR): The Point Of Care (POC) Diagnostics Market can be segmented based on several factors, including product type, application, end-user, and distribution channel. Understanding these segments is crucial for companies looking to target specific markets and tailor their offerings to meet consumer needs.

Sample

Blood Samples, Urine Samples, Nasal & Oropharyngeal Swabs, and Other Samples

Product Type

Glucose Monitoring, Covid-19 Testing, Cardiometabolic Monitoring, Infectious Disease Testing, Coagulation Monitoring, and Pregnancy & Fertility Testing

End-Users

Professional Diagnostics Center, Clinical Laboratories, Ambulatory Care Facilities, Pharmacies, Retail Clinics, Hospitals, Critical Care Centers, and Home Care Settings

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Following are the players analyzed in the report:

Abbott Laboratories (US)  

Siemens Healthineers AG (Germany)  

Quidel Corporation (US)  

F. Hoffman-La Roche Ltd. (Switzerland)  

Danaher Corporation (US)  

Becton, Dickinson and Company (US)  

Chembio Diagnostics (US)  

EKF Diagnostics (UK)  

Trinity Biotech plc (Ireland)  

Instrumentation Laboratory (US)  

Nova Biomedical (US)  

PTS Diagnostics (US)  

Sekisui Diagnostics (US) 

Regional Analysis 1. North America: - The United States and Canada dominate the North American Point Of Care (POC) Diagnostics Market. The U.S. is the largest market globally, driven by advanced global infrastructure, high R&D investments, and significant Point Of Care (POC) Diagnostics consumption. 2. Europe: - Europe is a significant player, with major Point Of Care (POC) Diagnostics Markets in Germany, France, and the United Kingdom. The region benefits from strong regulatory frameworks, high industry standards, and a robust R&D sector. 3. Asia-Pacific: - This region is experiencing rapid growth, with countries like China and India leading the charge. Factors such as increasing industry access, growing middle-class populations, and expanding Point Of Care (POC) Diagnostics manufacturing capabilities contribute to this growth. 4. Latin America: - Brazil and Mexico are key markets in Latin America. Growth in this region is driven by rising industry needs, increasing investments in industry infrastructure, and a growing demand for affordable medications. 5. Middle East and Africa: - The Point Of Care (POC) Diagnostics Market in this region is expanding due to rising market spending, increased prevalence of diseases, and improvements in Market infrastructure, although the market is relatively smaller compared to other regions. Future Outlook The Point Of Care (POC) Diagnostics Market is poised for continued growth driven by technological advancements, expanding global market access, and increasing global industry needs. As the industry adapts to evolving challenges and seizes emerging opportunities, it is likely to see ongoing innovation and expansion, contributing significantly to global health and economic development.

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[ankitab]

The Continuous Glucose Monitoring Market is expected to reach $31.41 billion by 2031

Meticulous Research® has recently published a report forecasting the global continuous glucose monitoring (CGM) market to soar to $31.41 billion by 2031, growing at a robust compound annual growth rate (CAGR) of 15% between 2024 and 2031. This growth is largely fueled by several key factors, including the rising prevalence of diabetes, the increasing number of individuals leading sedentary lifestyles, and the clear advantages of continuous glucose monitoring systems over traditional glucose monitoring methods. Additionally, the adoption of CGM devices by athletes and fitness enthusiasts is contributing to market expansion. The report further highlights that advancements in CGM technology, the shift towards personalized healthcare, heightened health awareness, and improved access to diabetes care devices in low- and middle-income countries are expected to provide substantial growth opportunities.

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Leading Companies in the CGM Market

The report offers an in-depth analysis of the top players in the CGM market, examining their product portfolios, geographical presence, and strategic approaches over the past three to four years. The continuous glucose monitoring sector has seen a series of both organic and inorganic strategic developments in recent times. Notable companies profiled in the report include DexCom, Inc. (U.S.), Abbott Laboratories (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Medtronic plc (Ireland), Nemaura Medical Inc. (U.K.), LifeScan, Inc. (U.S.), Senseonics Holdings, Inc. (Maryland), A. Menarini Diagnostics S.r.l (Italy), Medtrum Technologies, Inc. (China), and B. Braun Melsungen SE (Germany).

Market Segmentation Insights

The continuous glucose monitoring market is segmented based on components (including Sensors [Disposable Sensors, Implantable Sensors], Transmitters, and Receivers), age group (Adults and Children), end-user (Home Care Settings and Hospitals & Clinics), and geography.

In 2024, the sensors segment is projected to command the largest portion of the market, with a share of 52.4%. This dominance is attributed to significant technological advancements in sensor technology, the availability of disposable sensors, and the increasing adoption of CGM systems over conventional glucometers. The high replacement rate of sensors compared to other components also plays a crucial role, as repeat purchases of sensors significantly contribute to the market’s growth.

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When analyzing the market by age group, the adults segment is expected to hold the largest share of the CGM market in 2024. This can be traced to the high prevalence of diabetes among adults, the growing adoption of wearable devices, and an increasing focus on preventive healthcare. The adult population has a higher incidence of diabetes compared to children, which in turn drives greater demand for CGM devices within this age group.

In terms of end users, the home care settings segment is anticipated to account for the majority share of over 82.3% of the market by 2024. The rise in the elderly population and the growing burden of diabetes have amplified the need for self-monitoring and home care solutions. CGM systems designed for home use offer several benefits, including easier access, reduced travel time to healthcare facilities, enhanced awareness of diabetes management, and a broader shift towards preventive care.

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Regional Market Dynamics

Geographically, North America is projected to hold the largest share of the CGM market, accounting for over 42.2% in 2024. The region’s leading position can be attributed to factors such as a strong emphasis on patient engagement, a shift towards preventive healthcare, and widespread awareness and accessibility to CGM devices, particularly due to the availability of reimbursement options in developed countries. For example, a study by One Drop, a U.S.-based precision health solutions provider for diabetes and chronic conditions, found that approximately 2.4 million Americans were using CGM devices in 2022. This number is expected to grow significantly, further boosting the market share in North America.

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Key Questions Addressed in the Report:

What are the fastest-growing market segments by component, age group, end user, and geography?

How has the global market for continuous glucose monitoring evolved historically?

What are the market projections and estimates for the period 2024–2031?

What are the primary drivers, challenges, opportunities, and threats in the CGM market?

Who are the leading players in the continuous glucose monitoring market?

What is the competitive landscape of the market?

What recent developments have occurred in the CGM sector?

What strategies are major players employing in the continuous glucose monitoring market?

What are the regional trends and high-growth areas in the CGM market?

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[creativeera]

Wearable Medical Devices: The Future of Healthcare is Here

Wearable medical devices are gadgets that can be worn on or implanted in the human body to track vital health metrics like heart rate, activity levels, sleep patterns and more. Powered by sensors, these devices collect biometric data that can provide health insights and help monitor chronic conditions. Some key examples of wearable medical devices include smartwatches, fitness trackers, patches and implants. As technologies advances, wearables are becoming smaller, more discreet and capable of monitoring more health indicators. Fitness and Activity Tracking One of the most popular applications of wearable technology is fitness and activity tracking. Devices like Fitbit, Apple Watch and Garmin fitness trackers feature accelerometers and heart rate sensors to track steps, calories burned, workouts and sleep patterns. This data helps users monitor their activity levels and motivate them to exercise more. Advanced models can also measure running dynamics, swimming metrics and provide guided workouts. The collected information is displayed through easy-to-read dashboards on companion mobile apps, giving insight into one's activity levels and progress over time. Vital Sign Monitoring Several wearables go beyond simple fitness tracking to monitor key vital signs like heart rate, ECG, blood oxygen levels and blood pressure. Devices like the Apple Watch, Fitbit Sense and Whoop strap feature optical heart rate sensors to continuously track heart rate during workouts and rest. More advanced models have FDA-cleared ECG apps that can detect atrial fibrillation. Newer entrants like the Qi collect 12-lead ECG data for diagnosis of heart conditions. Wearable Medical Devices are also being developed to non-invasively measure blood pressure and glucose levels through the skin. This vital data helps flag potential health issues for timely medical attention. Chronic Condition Management Wearables are playing a major role in managing chronic health conditions like diabetes, asthma, hypertension, etc. For example, continuous glucose monitors (CGMs) like Dexcom G6 warn of high and low blood sugar levels in real-time for Type 1 diabetics. Smart insulin pens and insulin pumps that integrate with CGMs help automate insulin delivery. Asthma monitors track symptoms, lung function and environmental triggers to help control the condition. Pedometers, activity trackers and digital medication reminders aid in managing other lifestyle-related illnesses. The collected health information is also shared with doctors and care coordinators for closer monitoring. Remote Patient Monitoring The connectivity features of wearables enable remote patient monitoring (RPM) which is transforming chronic care. Devices transmit biometric data like blood pressure, glucose levels, weight, symptoms and medication adherence wirelessly to doctors and care teams. This allows remote management of high-risk patients and early intervention when metrics go awry, reducing unnecessary hospital visits. During the Covid-19 pandemic, wearables played a pivotal role in remotely monitoring infected patients recuperating at home. Going forward, RPM solutions promise to lower healthcare costs while improving patient outcomes through proactive, personalized care.

Get more insights on Wearable Medical Devices

Also read related article on Blood Glucose Test Strip Market

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About Author:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)

[msinsights]

Artificial Pancreas Market Size, Share, Growth Insights, Top Vendors, Regions and Forecast by 2031

The Artificial Pancreas Market is characterized by a diverse range of stakeholders, including medical device manufacturers, healthcare providers, regulatory agencies, and patient advocacy groups. Collaboration among these stakeholders is essential to overcoming regulatory hurdles, ensuring patient safety, and promoting widespread adoption of artificial pancreas technology. Additionally, ongoing clinical research and trials play a crucial role in validating the safety and efficacy of artificial pancreas systems, further driving market expansion and acceptance. 

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Top Companies

Medtronic, Bigfoot Biomedical, Dexcom Inc, Tandem Diabetes Care Inc, Roche, Diabeloop SA, EoFlow, Beta Bionics Inc, Glooko Inc, Insulet Corporation.

The artificial pancreas is designed to mimic the function of the human pancreas, which regulates blood sugar levels by producing and releasing insulin. This groundbreaking technology integrates continuous glucose monitoring (CGM) with automated insulin delivery, effectively creating a closed-loop system that adjusts insulin dosage in real-time based on the individual's glucose levels. By automating this process, the artificial pancreas offers a more precise and personalized approach to diabetes management, reducing the burden of constant glucose monitoring and manual insulin administration. 

One of the key drivers fueling the growth of the Global Artificial Pancreas market is the increasing prevalence of diabetes worldwide. With diabetes emerging as a global health epidemic, there is a growing demand for innovative solutions that can help individuals better manage their condition and improve long-term outcomes. The artificial pancreas represents a significant advancement in diabetes care, offering the potential to enhance glycemic control, reduce the risk of hypoglycemia, and ultimately improve overall quality of life for patients. 

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Furthermore, advancements in sensor technology, insulin pumps, and algorithm development have paved the way for the commercialization of artificial pancreas systems. These technological innovations have enabled the creation of more sophisticated and reliable devices capable of delivering precise insulin dosages based on real-time glucose data. As a result, artificial pancreas systems have become increasingly accessible to individuals with diabetes, driving market growth and adoption worldwide. 

[industryinsightsandanalysis]

Ultra-Low-Power Microcontroller Market Size, Share, Growth & Forecast

According to a new report by Univdatos Market Insights, The Ultra-Low-Power Microcontroller Market was valued at 1.05 billion in 2022 and is expected to grow at a steady rate of around 24.5% in the forecasted period (2023-2030) owing to the rising penetration of IoT devices. An Ultra-Low-Power Microcontroller is a type of microcontroller that is designed to operate with minimal power consumption. These microcontrollers are typically used in battery-powered devices that require long battery life, such as wearable devices, Internet of Things (IoT) sensors, and medical devices. The increasing demand for wearable devices and smart homes has led to a rising demand for Ultra-Low-Power Microcontrollers.

The rising demand for medical devices and energy-efficient devices has had a significant impact on the ultra-low-power microcontroller (ULMPC) market size. The increasing need for portable and wearable medical devices, such as glucose meters, heart rate monitors, and blood pressure monitors, has driven the demand for ULMPCs that can operate for extended periods of time on a single battery charge. In addition, the growing trend towards energy-efficient buildings and homes has also led to an increase in demand for ULMPCs in building automation and energy management systems. These systems require microcontrollers that can control lighting, heating, and cooling systems in an energy-efficient manner, which is where ULMPCs come in. Moreover, IoT (Internet of Things) devices are becoming more and more common in our daily lives. These devices are often small and low-power, which makes them well-suited for use in IoT applications. To power these devices, many manufacturers are turning to ultra-low-power microcontrollers (ULMPCs). These chips are designed to use very little power, which allows them to run for long periods of time on a small battery or other power source. This is especially important in IoT applications, where devices may be scattered over a large area and may not always be connected to a power source. As the number of IoT devices continues to grow, the demand for ULMPCs is also likely to increase.

Access Sample PDF Here- https://univdatos.com/get-a-free-sample-form-php/?product_id=47387Some of the recent developments are:

In Oct 2021, Renesas Electronics Corporation revealed the establishment of a new division within its 32-bit RA Family of microcontrollers (MCUs).

In Feb 2021, STMicroelectronics recently introduced a new line of microcontrollers, the STM32U5* series, which are ultra-low-power devices that offer advanced performance and enhanced cybersecurity features.

Conclusion

The ultra-low-power microcontroller (ULMPC) market is expected to grow significantly in the coming years due to the increasing demand for energy-efficient and portable devices. The market is driven by the need for low-power devices that can operate for extended periods of time on a single battery charge, which is particularly important for IoT devices and medical devices. The development of advanced ULMPCs with increased processing power and more features is also contributing to the growth of the market. Furthermore, the rising demand for energy-efficient buildings and homes has also increased the demand for ULMPCs in building automation and energy management systems.

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Southeast Asia Diabetes Devices Market To Reach $3.58 Billion By 2030

The Southeast Asia diabetes devices market size is anticipated to reach USD 3.58 billion by 2030, registering a CAGR of 9.36% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is growing due to the rising occurrence of diabetes linked to aging, obesity, and poor lifestyle choices. Obesity rates in SEA have surged by 40% from 1990 to 2013. Forecasts indicate that by 2030, over 52.4 million adults and 21 million youth in the region will be obese. As obesity rates continue to increase in the region, the incidence of diabetes is also expected to rise, driving the demand for effective diabetes management devices. The excessive body fat associated with obesity can lead to insulin resistance, a contributor to the onset of diabetes, further exacerbating the already high prevalence of the disease in Southeast Asia.

Diabetes devices play a pivotal role in enhancing the care and management of diabetic patients. The growing demand for these devices is driven by their ability to prevent prolonged hospital stays and reduce mortality rates among individuals with diabetes. The proactive approach enabled by diabetes devices can help prevent serious complications associated with uncontrolled blood sugar levels. By allowing for early detection of hypo- or hyperglycemia, these devices enable prompt action to stabilize glucose levels before they escalate into critical situations. This proactive monitoring can significantly reduce the risk of diabetic emergencies requiring hospitalization, ultimately improving patient outcomes and quality of life.

Increasing awareness about diabetes management through educational campaigns and programs plays a vital role in driving market growth. Educating patients about the importance of regular monitoring and adherence to treatment regimens boosts the demand for related medical devices. For instance, in April 2024, Embecta, a New Jersey company, launched a diabetes education program named emERGE in the Asia-Pacific region. The program is set to commence in 11 countries, including Singapore, Thailand, Vietnam, Australia, South Korea, Japan, Indonesia, Malaysia, the Philippines, and New Zealand. The primary goal of this initiative is to provide educational benefits to around 5,000 healthcare professionals, such as practitioners, diabetes nurse educators, and lead pharmacists, through a series of four interactive webinars.

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Southeast Asia Diabetes Devices Market Report Highlights

In 2023, the insulin delivery devices segment dominated the market with a share of over 50.00% and is expected to grow over the forecast period due to patient preferences, treatment outcomes, and healthcare professional recommendations

Based on distribution channels, the hospital pharmacies segment held the largest share of around 53.00% in 2023. This can be attributed to the accessibility of hospital pharmacies to patients who visit healthcare facilities for various needs, including diabetes management

The retail pharmacies segment is expected to grow at the fastest CAGR during the forecast period due to the expanding network of retail pharmacies in the region

The hospital pharmacy end use segment held a majority share of the market of over 40.00% in 2023. This is attributed to the number of patients with diabetes being hospitalized

The diagnostic centers segment is expected to grow at the fastest CAGR over the forecast period due to their ability to provide quick and accurate results

Southeast Asia Diabetes Devices Market Segmentation

Grand View Research has segmented the Southeast Asia diabetes devices market based on type, distribution channel, end-use, and country: 

SEA Diabetes Devices Type Outlook (Revenue, USD Million, 2018 - 2030)

BGM Devices

Self-Monitoring Devices

Blood Glucose Meter

Testing Strips

Lancets

Continuous Glucose Monitoring Devices

Sensors

Transmitter

Receiver

Insulin Delivery Devices

Pens

Pumps

Syringes

Jet Injector

SEA Diabetes Devices Distribution Channel (Revenue, USD Million, 2018 - 2030)

Hospital Pharmacies

Retail Pharmacies

Diabetes Clinics/Centers

Online Pharmacies

Others

SEA Diabetes Devices End Use Outlook (Revenue, USD Million; 2018 - 2030)

Hospitals

Diagnostic Centers

Homecare

Southeast Asia Diabetes Devices Country Outlook (Revenue, USD Million; 2018 - 2030)

Indonesia

Thailand

Philippines

Malaysia

Vietnam

Myanmar

Singapore

Rest of SEA

List of Key Players in the Southeast Asia Diabetes Devices Market

Abbott Laboratories

Arkray, Inc.

B Braun Melsungen AG

Bayer AG

Companion Medical

Dexcom Inc.

F.Hoffmann-La-Ltd.

Insulet Corporation

Lifescan, Inc.

Medtronic plc

Novo Nordisk

Sanofi

Valeritas Holding Inc.

Ypsomed Holdings

[healthcaremarketanalysis]

Orthopedic Braces & Supports Market worth $5.1 billion by 2029

The global orthopedic braces and supports market is projected to reach USD 5.1 billion by 2029, up from USD 3.6 billion in 2023, at a CAGR of 7.2%. We have observed that bracing products are increasingly used in musculoskeletal and soft tissue applications driven by the market availability of lightweight and customizable products and the rising number of sports and other injuries and related orthopedic surgical procedures. These trends are further augmented by the customer shift toward off-the-shelf/OTC products, integration of smart textiles with bracing products (such as glucose or heart rate monitors), and continued reimbursement coverage in prominent markets. Some of the noteworthy start-ups reported in the market include Roam Robotics, Sensoria Health, ActiveOrtho, Orpyx, Myomo, Exos, and Ossur.

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Market Dynamics

 Drivers

Increasing prevalence of orthopedic diseases and disorders

Continuous product commercialization

Growing product affordability and availability

Rising number of sports and accident-related injuries

Growing public awareness about preventive care

 Restraints

Limited patient qualification for bracing-mediated orthopedic treatment

Limited clinical evidence of therapeutic efficacy

 Opportunities

Increased sales of off-the-shelf and online products

Expansion and promotion initiatives by major manufacturers

 Challenges

Significant adoption of pain medication

Product comfort and compliance

By product, the Knee Braces and Supports segment accounted of orthopedic braces & supports industry for the largest share in 2022. Based on products, the global orthopedic braces & supports market is segmented into Knee, Ankle, foot walkers, Hip, Back, and Spine, Shoulder, Elbow, Hand, Wrist, Facial braces and supports. In 2022, the knee braces and supports segment accounted for the largest market share. Rising awareness of proactive health and increased prevalence of musculoskeletal issues fuel the growth of preventive care with braces and supports, offering non-invasive pain relief and injury prevention.

From sports enthusiasts to aging populations, people embrace braces as they provide affordable, comfortable support, reducing strain and promoting long-term joint health.

By Type, the soft and elastic braces type segment of orthopedic braces & supports industry to register significant growth in the near future. Based on type, the orthopedic braces & supports market is divided into soft and elastic braces, hand braces and supports, elbow braces and supports, hinged braces and supports. The demand for soft and elastic orthopedic braces and supports is growing due to the increasing emphasis on comfort and flexibility, making them more suitable for everyday use and promoting patient compliance. Additionally, advancements in materials and design technologies contribute to the development of lightweight yet effective soft braces, catering to a wide range of orthopedic conditions while allowing for greater mobility.

By end user, the hospitals and surgical centers segment of orthopedic braces & supports industry accounted for the largest share in 2022 On the basis of end user, the orthopedic braces & supports market has been segmented into hospitals and surgical centers, orthopedic clinics, pharmacies and retailers, e-commerce platforms and other end users. However, the hospitals and surgical centers segment is estimated to grow at the highest CAGR during the forecast period.

By region, North America is expected to be the largest market of orthopedic braces & supports industry during the forecast period. North America, comprising the US and Canada, accounted for the largest share of the orthopedic braces & supports market in 2022. The faster growth of the orthopedic braces and supports imaging market in North America can be attributed to its technological leadership, robust healthcare infrastructure, high market demand driven by prevalent diseases and an aging population, ample financial resources for advanced medical equipment investment, established regulatory frameworks ensuring safety and quality, active research collaboration, insurance coverage for advanced diagnostics, patient expectations for comprehensive care, and a competitive market environment fostering innovation.

As of 2022, prominent players in the market are 3M (US), Essity (Sweden), DJO LLC (US), Ossur HF (Iceland), Breg, Inc. (US), Bauerfeind AG (Germany), Devicor Medical Products, Inc., (Leica Biosystems) (Germany), Hologic, Inc. (US), Argon Medical Devices (US), Zimmer Biomet (US), Ottobock Healthcare (Germany), Thuasne (France), ALCARE Co., Ltd (Japan), Nippon Sigmax (Japan), Bird & Cronin (US), DeRoyal Industries (US), medi GmbH (Germany), and Foundation Wellness (US)

Recent Developments of Orthopedic Braces & Supports Industry: In January 2022, Össur announced the launch of the ReLeaf Active knee brace, designed to provide pain relief and support for patients with osteoarthritis. The brace features a unique hinge design that mimics the natural movement of the knee, and it is made from lightweight, breathable materials for comfort. In August 2022, DonJoy announced the launch of the Vizor 120 ankle brace, a lightweight and comfortable brace that provides support and stability for patients with ankle sprains. The brace features a unique air-filled pad that conforms to the shape of the ankle, and it is made from breathable materials to keep the foot cool and dry.

[health-views-updates]

Emerging Trends in the Insulin Pump Market: 2024 Outlook

Insulin Pump Market Outlook, Scope & Overview:

Industry reports indicate that the global insulin pump market was valued at USD 5.13 billion in 2023 and is projected to reach USD 17.52 billion by 2031, growing at a CAGR of 16.6% over the forecast period 2024-2031.

Technological Advancements to Drive Growth of Global Insulin Pump Market

The adoption of insulin pump technologies will continue to influence global market revenues. Increasing prevalence of diabetes, advancements in insulin pump technologies, and growing awareness about the benefits of continuous insulin delivery systems are driving the growth of this market.

As a product segment, insulin pumps with continuous glucose monitoring (CGM) integration currently hold a significant share of the global insulin pump market. This segment is anticipated to grow at a year-over-year rate of 16.6% in 2024 over 2023 and reach USD 17.52 billion in revenues by 2031. The increasing demand for more precise and convenient insulin delivery solutions is expected to drive market growth.

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Insulin Pump Solutions – Market Dynamics

Drivers:

Insulin pump solutions are witnessing significant growth due to their ability to provide precise and continuous insulin delivery, which improves glycemic control and reduces the burden of managing diabetes. The rise in the number of diabetes patients, advancements in pump technologies such as closed-loop systems, and the increasing preference for personalized diabetes management are key factors driving the adoption of insulin pumps worldwide. Additionally, supportive government initiatives and increasing investments in diabetes care technology are further propelling market growth.

Restraints:

Despite the growth potential, challenges such as high costs of insulin pumps, the need for regular maintenance and calibration, and the complexity of device usage are hindering widespread adoption. Moreover, concerns about device-related complications and the need for ongoing patient education pose additional challenges to market expansion.

Insulin Pump Solutions – Market Outlook

The proven benefits of insulin pump solutions in improving diabetes management and patient quality of life have contributed to the market's growth. Insulin pumps are expected to witness increased adoption across major markets, including North America, Europe, and Asia Pacific, driven by advancements in technology and the growing prevalence of diabetes.

Global Insulin Pump Market

The rise in demand for insulin pump solutions in developed and emerging markets is expected to drive market growth over the forecast period. North America currently holds a significant market share in the global insulin pump market, with the US being a key contributor to market revenues. Europe and Asia Pacific regions are also experiencing rapid adoption of insulin pumps, supported by increasing healthcare expenditures and advancements in diabetes care technology.

Key Players in the Insulin Pump Market

Leading companies in the insulin pump market include Medtronic plc, Insulet Corporation, Tandem Diabetes Care, and Abbott Laboratories. These companies are at the forefront of developing and commercializing advanced insulin pump systems with features such as CGM integration and automated insulin delivery.

In conclusion, the global insulin pump market is poised for substantial growth over the forecast period, driven by technological advancements, increasing diabetes prevalence, and the expanding adoption of continuous insulin delivery solutions across diverse healthcare settings.

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[tamanna31]

Insulin Delivery Devices Market Size, Share, Growth, Analysis Forecast to 2030

Insulin Delivery Devices Industry Overview

The global insulin delivery devices market size was estimated at USD 16.43 billion in 2023 and is expected to grow at a CAGR of 7.89% from 2024 to 2030.

The surge in market growth is largely attributed to the rising global prevalence of diabetes, which has heightened the demand for advanced and user-friendly solutions for diabetes management. Technological advancements play a crucial role in the market growth, with the development of devices that are more effective, less invasive, and tailored to meet patients' individual needs.

Furthermore, integrating digital technology with insulin delivery devices is expected to boost market growth. This includes the rise of Continuous Glucose Monitoring (CGM) systems that work in tandem with insulin delivery devices to provide real-time glucose monitoring and automated insulin adjustments.

Gather more insights about the market drivers, restrains and growth of the Insulin Delivery Devices Market

Technological advancements in diabetes management have significantly transformed insulin delivery methods, evolving from traditional injections to more advanced, minimally invasive techniques. Initially, insulin administration faced challenges in maintaining consistent blood glucose levels. However, the advent of insulin pens facilitated easier self-administration, reducing discomfort. The development of insulin pumps allowed for continuous insulin infusion, enhancing glucose control. A pivotal advancement was the introduction of Continuous Glucose Monitoring (CGM) devices, providing real-time glucose data, essential for informed decision-making. This set the stage for Artificial Pancreas Systems (APS), which integrate CGM data with insulin pumps for automated delivery, closely mimicking natural pancreatic function. Bionic technology, blending biological and artificial processes, has been instrumental in advancing insulin delivery. It underpins devices such as APS, utilizing algorithms, sensors, and automated pumps for precise blood sugar regulation, minimizing manual intervention. These innovations offer tailored, user-friendly solutions, notably improving patient outcomes. Modern insulin pumps, equipped with CGM integration, predictive algorithms, and smartphone connectivity, exemplify significant progress in device functionality, offering accurate and adaptable insulin management. These features not only mitigate risks associated with blood glucose extremes but also empower users with finer control over their insulin dosing, responding dynamically to glucose level changes.

Browse through Grand View Research's Medical Devices Industry Research Reports.

The global nucleic acid therapeutics CDMO market size was estimated at USD 13.53 billion in 2023 and is projected to grow at a CAGR of 14.10% from 2024 to 2030. 

The global PET scanners market size was valued at USD 2.64 billion in 2023 and is projected to grow at a CAGR of 3.65% from 2024 to 2030.

Key Insulin Delivery Devices Company Insights

The insulin delivery devices market is a dynamic and rapidly evolving segment within the medical device industry, primarily driven by the increasing prevalence of diabetes globally. This market includes a range of devices designed to administer insulin to diabetic patients, aiming to maintain their blood glucose levels. As diabetes management shifts towards more patient-friendly, efficient, and less invasive methods, the demand for innovative insulin delivery devices has surged. The insulin delivery devices market is highly competitive, with companies continuously innovating and expanding their product lines to meet the diverse needs of diabetes patients. Market share is influenced by factors such as product innovation, ease of use, accessibility, and insurance coverage. Major players such as Novo Nordisk, Sanofi, and Eli Lilly dominate the market due to their extensive product ranges, global presence, and strong brand recognition. However, smaller companies and startups are also making significant inroads by focusing on niche segments, such as wearable insulin delivery devices and smart insulin pens, challenging the dominance of established players.

Key Insulin Delivery Devices Companies:

The following are the leading companies in the insulin delivery devices market. These companies collectively hold the largest market share and dictate industry trends.

Novo Nordisk A/S

Sanofi

Eli Lilly and Company

Ypsomed AG

Medtronic

Insulet Corporation

B. Braun SE

Owen Mumford Ltd.

Tandem Diabetes Care, Inc.

BD (Becton, Dickinson, and Company)

Recent Developments

In August 2023, Novo Nordisk A/S and Inversago Pharma have reached an agreement wherein Novo Nordisk will acquire Inversago for a sum that could reach up to 1.075 billion US dollars in cash, contingent upon the fulfillment of specific development and commercial benchmarks. Based in Montreal, Inversago Pharma is a privately held company specializing in the development of therapies targeting the CB1 receptor aimed at potentially treating obesity, diabetes, and related metabolic disorder complications.

In March 2023, Diabeloop, a forefront company in Automated Insulin Delivery technology, announced a partnership with the renowned healthcare giant, Novo Nordisk. This collaboration focuses on the integration of Diabeloop's advanced self-learning algorithm, DBL-4pen, specifically designed for Multiple Daily Injections (MDI) therapy, with Novo Nordisk's innovative, connected, and reusable insulin pens, namely NovoPen 6 and NovoPen Echo Plus. To assess the effectiveness and clinical advantages of this integrated solution, Diabeloop is gearing up to conduct a specialized study aimed at individuals diagnosed with Type 2 diabetes.

Sanofi announced a significant reduction in the list price for its widely used insulin product, Lantus (insulin glargine injection) 100 Units/mL, in the U.S., slashing it by 78%. In addition, the company introduced a cap of $35 on out-of-pocket expenses for all commercially insured patients needing Lantus, highlighting its ongoing dedication to making medications more affordable. These actions, effective from January 1, 2024, build upon earlier measures from June 2022 aimed at reducing the cost of diabetes medications. These included releasing a non-branded version of Lantus at 60% below its list price and implementing a $35 maximum on the out-of-pocket costs for insulin for individuals without insurance. Thanks to these comprehensive efforts, Sanofi has ensured that patients will not spend over $35 for a month's supply of Lantus. In a further step, Sanofi also announced a 70% reduction in the list price of its short-acting insulin, Apidra (insulin glulisine injection) 100 Units/mL.

In November 2022, Novo Nordisk and Abbott announced their partnership aiming enhanced data integration capabilities for individuals with diabetes. This development leverages smart technology by making Novo Nordisk's connected insulin pens, specifically the NovoPen 6 and NovoPen Echo Plus, compatible with the Abbott FreeStyle LibreLink application. This compatibility facilitates a centralized view of insulin dosage and glucose levels, streamlining patient monitoring and management. Users can effortlessly sync their insulin dosing information by simply tapping their pen on a smartphone, enabling a cohesive display of insulin and glucose data. This integration aims to aid patients in analyzing how insulin dosage adjustments and timing influence their glucose trends, thereby optimizing diabetes management.

Order a free sample PDF of the Insulin Delivery Devices Market Intelligence Study, published by Grand View Research.

[credenceresearchdotblog]

The Needle Free Diabetes Care Market is projected to grow from USD 7965 million in 2024 to an estimated USD 13818.94 million by 2032, with a compound annual growth rate (CAGR) of 7.13% from 2024 to 2032.Diabetes, a chronic condition that affects millions of people worldwide, requires consistent and precise monitoring to manage blood sugar levels. Traditionally, diabetes management has relied heavily on the use of needles—whether for insulin delivery or blood sugar testing through finger-pricking devices. However, the advent of needle-free diabetes care has opened new avenues for patients who are seeking less invasive and more comfortable ways to manage their condition. The needle-free diabetes care market has witnessed significant growth due to technological advancements, patient demand, and a growing diabetic population.

Browse the full report at https://www.credenceresearch.com/report/needle-free-diabetes-care-market

Overview of Needle-Free Diabetes Care

Needle-free diabetes care involves technologies that eliminate the need for traditional needles in insulin delivery or glucose monitoring. This includes products like needle-free insulin injectors, continuous glucose monitors (CGMs), and non-invasive glucose testing systems. These technologies aim to improve patient comfort, reduce needle-associated pain and anxiety, and increase adherence to diabetes treatment protocols.

The market encompasses various devices and systems designed to make diabetes management easier, more accessible, and less intimidating. With rising demand for painless and non-invasive methods, the needle-free diabetes care market is expected to grow at a significant compound annual growth rate (CAGR) over the next decade.

Drivers of Market Growth

1. Growing Diabetic Population The rising prevalence of diabetes, both type 1 and type 2, globally is a significant factor propelling the growth of the needle-free diabetes care market. According to the International Diabetes Federation (IDF), around 463 million adults were living with diabetes in 2019, a number expected to rise to 700 million by 2045. This growing diabetic population creates a vast customer base in need of better and less invasive care solutions.

2. Technological Advancements Advances in technology have made it possible to develop and commercialize non-invasive glucose monitoring systems and needle-free insulin delivery devices. Continuous glucose monitoring (CGM) systems, for example, allow patients to track their blood glucose levels in real-time without the need for frequent finger pricks. Additionally, needle-free insulin delivery devices, such as jet injectors, allow insulin to be administered painlessly through the skin using high-pressure air. These innovations enhance patient experience and promote better diabetes management.

3. Patient Preference and Comfort Needle phobia and discomfort are common reasons why many diabetes patients avoid or delay necessary treatment. Needle-free technologies reduce patient anxiety and encourage more regular monitoring and treatment adherence. As awareness grows about the availability of these technologies, more patients are likely to adopt them, further driving the market’s expansion.

4. Government Initiatives and Healthcare Policies In many countries, governments are increasing their focus on diabetes care due to its rising prevalence and associated healthcare costs. Policies that promote patient-centered care, coupled with insurance coverage for advanced diabetes technologies, are boosting the adoption of needle-free solutions. Moreover, regulatory approvals for new needle-free devices are becoming more streamlined, further fueling the market.

Challenges in the Needle-Free Diabetes Care Market

Despite the many advantages, the needle-free diabetes care market faces several challenges:

1. High Costs of Advanced Devices One of the key obstacles to widespread adoption of needle-free diabetes care devices is their relatively high cost. CGM systems, for example, are significantly more expensive than traditional glucose meters, making them less accessible to patients in low- and middle-income countries. Similarly, needle-free insulin delivery devices are often priced higher than conventional syringes and pens.

2. Limited Awareness While needle-free technologies offer clear benefits, many patients and healthcare providers remain unaware of these innovations or are hesitant to adopt them due to lack of familiarity. Increasing education and awareness campaigns are crucial to overcoming this barrier.

3. Technological Limitations Though needle-free devices offer a more convenient alternative, they are not yet perfect. Some non-invasive glucose monitoring systems may not be as accurate as traditional methods, and some insulin jet injectors may not be suitable for all patients. Continuous improvements in the technology are required to address these limitations.

Future Prospects and Innovations

The future of the needle-free diabetes care market looks promising, with several exciting innovations on the horizon. Research is ongoing into more accurate non-invasive glucose monitoring techniques, such as transdermal and optical sensors. Additionally, advancements in artificial intelligence (AI) and machine learning are expected to enhance the predictive capabilities of CGMs, enabling more personalized diabetes care.

Companies are also investing in the development of wearable devices that integrate seamlessly into everyday life, such as smartwatches with built-in glucose monitoring capabilities. These innovations are likely to revolutionize the way patients manage their diabetes, offering a more convenient, comfortable, and precise approach.

Segmentation:

By Device Types:

Glucose monitoring (CGM) systems,

Insulin delivery devices,

Other innovative needle-free solutions

By Treatment:

Insulin administration,

Glucose monitoring,

Other diabetes-related treatments.

By Application:

Type 1 diabetes,

Type 2 diabetes,

Gestational diabetes.

By End Users:

Hospitals,

Clinics,

Home care settings,

By Region

North America

The U.S

Canada

Mexico

Europe

Germany

France

The U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of Middle East and Africa

Browse the full report at https://www.credenceresearch.com/report/needle-free-diabetes-care-market

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