#self-monitoring blood glucose device market share

[renubresearch]

Self-Monitoring Blood Glucose Device Market will be US$ 21.05 Billion by 2032

Self-Monitoring Blood Glucose Device Market Size The market for self-monitoring blood glucose devices is projected to reach US$ 21.05 billion by 2032, up from US$ 11.68 billion in 2023, with a CAGR of 6.76% from 2024 to 2032. Monitoring your blood glucose levels is a crucial part of managing diabetes. It helps people with diabetes and their healthcare providers to keep their blood sugar levels…

[industrynewsupdates]

Patient Monitoring Devices Market: Key Trends and Growth Drivers

The global patient monitoring devices market size is expected to reach USD 92.8 billion by 2030 and is projected to grow at a CAGR of 7.7%, according to a new report by Grand View Research, Inc. The demand in the market is expected to rise owing to the technological advancements in patient monitoring devices along with the growth in the number of hospital admissions globally.

Improving healthcare expenditure across the globe coupled with the rising adoption of remote monitoring systems will also augment the market growth over the forecast period. Many hospitals and healthcare providers are investing in remote patient monitoring technologies as a part of a value-based care model.

Patient monitoring devices help in monitoring and managing high-risk patients that are suffering from chronic diseases and are considered unstable. There has been a rise in the prevalence of chronic diseases such as diabetes, cancer, and hypertension across the world. Over 100 million Americans have hypertension and an increased risk of heart disease, according to the Centers for Disease Control and Prevention (CDC). The need for patient monitoring devices is rising due to the increasing prevalence of these conditions worldwide.

COVID-19 has decreased frequent hospital visits while increasing demand for home monitoring devices. Additionally, the scenario has altered customer demand, buying patterns, and behavior. The necessity to harness and utilize digital infrastructure for remote patient monitoring has been brought into sharp relief by the COVID-19 outbreak. The combination of telehealth & remote patient monitoring is projected to enhance the provision of at-home healthcare.

Patient monitoring devices industry growth is also being driven by supporting activities by the public and private sectors to assist COVID-19 patients globally. For instance, the World Health Organization distributed 30,000 oxygen concentrations worldwide in February 2021. Similarly, Invacare Corporation saw sales of respiratory products increase by 72.2% in the fourth quarter of 2020.

Gather more insights about the market drivers, restrains and growth of the Patient Monitoring Devices Market

Patient Monitoring Devices Market Report Highlights

• Due to the technological advancements in multi-parameter patient monitoring, the category for multi-parameter monitoring devices accounted for the greatest revenue share of 23.3% in 2021. Multi-parameter patient monitors are widely used for enhancing the quality of healthcare in both the in-patient wards and intensive care units (ICU)

• The blood glucose monitoring devices segment is expected to show lucrative growth during the forecast period owing to the growing number of diabetic patients’ demand for monitoring devices to keep track of their health

• Due to the strong demand for various monitoring devices to monitor patients at hospitals, the hospitals segment accounted for the largest revenue share of 51.1% in 2021

• North America contributed to the largest revenue share of 42.6% in 2021, owing to the presence of well-established reimbursement policies, dominant market players, high healthcare expenditure, and high adoption rate for advanced medical technologies

Patient Monitoring Devices Market Segmentation

Grand View Research has segmented the global patient monitoring devices market based on product, end-use, and region:

Patient Monitoring Devices Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Blood Glucose Monitoring Systems

o Self-monitoring Blood Glucose Systems

o Continuous Glucose Monitoring Systems

• Cardiac Monitoring Devices

o ECG Devices

o Implantable Loop Recorders

o Event Monitors

o Mobile Cardiac Telemetry Monitors

o Smart/Wearable ECG Monitors

• Multi-parameter Monitoring Devices.

o Low-acuity Monitoring Devices

o Mid-acuity Monitoring Devices

o High-acuity Monitoring Devices

• Respiratory Monitoring Devices

o Pulse Oximeters

o Spirometers

o Capnographs

o Peak Flow Meters

• Temperature Monitoring Devices

o Handheld Temperature Monitoring Devices

o Table-top Temperature Monitoring Devices

o Wearable Continuous Monitoring Devices

o Invasive Temperature Monitoring Devices

o Smart Temperature Monitoring Devices

• Hemodynamic/Pressure Monitoring Devices

o Hemodynamic Monitors

o Blood Pressure Monitors

o Disposables

• Fetal & Neonatal Monitoring Devices

o Fetal Monitoring Devices

o Neonatal Monitoring Devices

• Neuromonitoring Devices

o Electroencephalograph Machines

o Electromyography Machines

o Cerebral Oximeters

o Intracranial Pressure Monitors

o Magnetoencephalograph Machines

o Transcranial Doppler Machines

• Weight Monitoring Devices

o Digital

o Analog

• Other Patient Monitoring Devices

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

[global-research-report]

The Future of Wearable Health: Market Dynamics and Opportunities in Asia Pacific

The Asia Pacific wearable medical devices market size was estimated at USD 7.5 billion in 2023 and is anticipated to grow at a CAGR of 28.4% from 2024 to 2030. The factors that are primarily driving the market growth are the favorable government initiatives that support advanced medical devices adoption, the increasing geriatric population, and excessive healthcare expenditure. The market is rapidly inclining towards remote patient monitoring devices and home healthcare owing to the rapid technological advancements and the growing requirement for home care devices and round-the-clock monitoring. Hence, there is an increasing concentration on healthy lifestyle and fitness.

In 2023, the Asia Pacific region accounted for approximately 22.0% revenue share of the global wearable medical devices market. Moreover, companies such as Medtronic have launched devices that incorporate accelerometers & sensors to measure skin temperature, heart & pulse rate, and blood oxygen levels, among others, to capture data automatically, making consumers more self-dependent. They can easily regulate their health by connecting their wearables to the internet or Bluetooth. The market is currently focusing on developing products that can automatically track physiological signals through sensor technology.

Asia Pacific Wearable Medical Devices Market Segments Highlights

The diagnostic product dominated the market with more than 60.0% of revenue share in 2023. It can be attributed to the rising application of diagnostic monitoring devices in remote patient monitoring & home healthcare.

Home healthcare accounted for the largest market share, more than 53%, in 2023. The geriatric population is continuously growing in the region, which has resulted in the rise of diseases-a key factor that is having a huge impact on the market. Consumers prefer home healthcare as it is a cost-effective substitute for expensive hospital stays.

Strap/clip/bracelet devices have held more than 50.0% of the market share in 2023 and are expected to maintain their dominance over the forecast period. Products such as smartwatches and smart bands are gaining popularity because of their aesthetic designs and, most importantly, accurate functionality. 

The ongoing demand for smartwatches is primarily driving the market growth. These devices have smartphone-like features to offer consumers more mobility and flexibility. Consumers depend on them for tracking personal health and fitness goals. Manufacturers have also made considerable improvements in these products in terms of battery life.

Asia Pacific Wearable Medical Devices Market Report Segmentation

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Asia Pacific wearable medical devices market report based on product, site, application, distribution channel, grade type, and country:

Product Outlook (Revenue, USD Billion, 2018 - 2030)

Diagnostic Devices

Vital Sign Monitoring Devices

Pulse Oximeters

Activity Monitors

Electrocardiographs

Heart Rate Monitors

Blood Pressure Monitors

Spirometers

Others

Sleep Monitoring Devices

Sleep trackers

Wrist Actigraphs

Polysomnographs

Others

Electrocardiographs Fetal and Obstetric Devices

Neuromonitoring Devices

Electromyographs

Electroencephalographs

Others

Therapeutic Devices

Pain Management Devices

Neurostimulation Devices

Others

Insulin/Glucose Monitoring Devices

Insulin Pumps

Others

Rehabilitation Devices

Accelerometers

Ultrasound Platform

Sensing devices

Others

Respiratory Therapy Devices

Ventilators

Positive Airway Pressure (PAP) Devices

Portable Oxygen Concentrators

Others

Site Outlook (Revenue, USD Billion, 2018 - 2030)

Headband

Strap/Clip/Bracelet

Handheld

Shoe Sensors

Others

Application Outlook (Revenue, USD Billion, 2018 - 2030)

Sports & Fitness

Remote Patient Monitoring

Home Healthcare

Grade Type Outlook (Revenue, USD Billion, 2018 - 2030)

Consumer-Grade Wearable Medical Devices

Clinical Wearable Medical Devices

Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)

Pharmacies

Online Channel

Hypermarkets

Country Outlook (Revenue, USD Billion, 2018 - 2030)

Japan

China

India

Australia

South Korea

Malaysia

Singapore

Thailand

Philippines

Order a free sample PDF of the Asia Pacific Wearable Medical Devices Market Intelligence Study, published by Grand View Research.

[lovelypol]

Self-Testing Market to Soar: $8.2B in 2023 to $18.5B by 2033 with 8.4% CAGR

Self-Testing Market is revolutionizing the way individuals manage their health, offering convenient, private, and accessible diagnostic solutions without requiring professional medical assistance. From home testing kits for diabetes and pregnancy to advanced genetic and infectious disease tests, this market reflects the growing demand for personalized healthcare.

To Request Sample Report: https://www.globalinsightservices.com/request-sample/?id=GIS26806 &utm_source=SnehaPatil&utm_medium=Article

Key Market Drivers 🌟

Technological Advancements: Innovations in molecular diagnostics, biosensors, and smartphone-connected devices enhance accuracy and ease of use.

Increased Health Awareness: Rising focus on preventive care and early diagnosis drives adoption.

Demand for Privacy: Home-based testing provides a discreet and comfortable alternative for individuals.

Market Highlights

Leading Segments:

Glucose Monitoring Kits: Capture 45% market share, driven by the growing prevalence of diabetes and the need for continuous health monitoring.

Pregnancy & Fertility Test Kits: Account for 30% market share, reflecting the rising importance of reproductive health management.

Infectious Disease Test Kits: Hold 25% market share, propelled by post-pandemic health consciousness and demand for rapid diagnostics.

Regional Insights:

North America: Leads the market with a proactive approach to personal health management and advanced healthcare infrastructure.

Europe: Benefits from strong government support and widespread adoption of self-testing kits.

Asia-Pacific: Exhibits rapid growth due to increased healthcare spending, a growing middle class, and rising awareness of self-diagnosis.

Market Segmentation

By Type: Rapid Tests, Laboratory Tests, Point-of-Care Tests, Home Tests, Self-Collection Kits, Digital Tests.

By Product: Blood Glucose Monitors, Pregnancy Tests, COVID-19 Tests, STD Tests, Allergy Tests, Genetic Tests, Cholesterol Tests.

By Services: Consultation, Diagnostic, Monitoring, Data Analysis Services.

By Technology: Lateral Flow Assays, Immunoassays, Molecular Diagnostics, Biosensors, Microfluidics.

By Application: Diabetes Management, Infectious Disease Detection, Cardiovascular Health, Fertility & Pregnancy, Genetic Screening, Cancer Screening.

By Device: Handheld Devices, Wearable Devices, Smartphone-Connected Devices.

By End User: Individuals, Healthcare Providers, Diagnostic Laboratories, Research Institutes.

By Functionality: Single-use, Reusable, Connected, Standalone.

By Mode: Online Platforms, Retail Stores, Pharmacies.

Market Outlook 🚀

2023 Volume: Approximately 300 million units, projected to grow as innovations in self-testing continue to improve accessibility and affordability.

Key Players: Roche Diagnostics, Abbott Laboratories, Everlywell, and LetsGetChecked are leading the market by expanding their product portfolios and integrating AI-driven analysis for accurate diagnostics.

#SelfTesting #HealthTech #GlucoseMonitoring #PregnancyTests #InfectiousDiseaseTests #PersonalizedHealthcare #RapidDiagnostics #MolecularDiagnostics #HealthInnovation #PreventiveCare #ConnectedHealth #HomeDiagnostics #WearableTech #DigitalHealth #FutureOfHealthcare

[businessmarketreports]

An Overview of POC Analyzers Market: Trends and Insights

The Point-of-Care (POC) analyzers market is rapidly expanding, driven by advances in medical technology, a shift towards decentralization of healthcare, and an increasing demand for quick, accurate diagnostic results.

Buy the Full Report for More Insights on the Point of Care Analyzers Market Forecast

Download a Free Sample Report

These devices enable healthcare professionals to conduct diagnostic tests at or near the site of patient care, reducing the time to diagnosis and improving treatment outcomes. POC analyzers are used in various settings, including hospitals, clinics, emergency rooms, home care, and remote healthcare facilities.

1. Market Size and Growth

Market Value (2024): The global POC analyzers market is expected to reach approximately USD 50 billion by 2024, with a CAGR of 8-10% from 2024 to 2030.

Key Segments:

Blood Gas and Electrolytes Analyzers

Glucose Monitoring Systems

Infectious Disease Testing

Pregnancy and Fertility Testing

Cardiac Biomarker Testing

Other Specialty Tests (e.g., HIV, flu, diabetes)

2. Key Market Trends

a. Increasing Demand for Rapid Diagnostics

POC analyzers are gaining traction due to the growing need for faster, on-the-spot diagnostic results in critical care and emergency settings.

COVID-19 accelerated the adoption of rapid tests, highlighting the importance of POC testing in managing infectious diseases.

b. Technological Advancements

Continuous innovations in miniaturization, portability, and ease of use are improving the efficiency and performance of POC analyzers.

Integration of smart technologies, such as cloud connectivity, mobile applications, and AI, is enabling real-time data sharing, remote monitoring, and better decision-making.

c. Increasing Prevalence of Chronic Diseases

The growing global burden of chronic diseases, including diabetes, cardiovascular conditions, and respiratory diseases, is driving the demand for frequent and personalized monitoring through POC devices.

d. Home Healthcare and Remote Monitoring

There is a rise in home healthcare and self-testing, driven by an aging population and increased awareness of health management. POC analyzers for at-home use, like glucose meters and cholesterol monitors, are becoming more popular.

Telehealth integration with POC analyzers is emerging as a key trend, enabling remote consultations and real-time diagnostics.

e. Growing Focus on Patient-Centric Healthcare

The move towards patient-centric models, where patients take a more active role in managing their health, is fueling the demand for easy-to-use and accessible POC analyzers.

3. Market Drivers

a. Rising Healthcare Costs

POC testing helps reduce overall healthcare costs by enabling early diagnosis and preventing unnecessary hospital visits, readmissions, and extended stays.

b. Decentralization of Healthcare

With the growing focus on decentralized healthcare, particularly in rural or underserved areas, POC analyzers are becoming vital tools for enabling diagnosis and treatment outside traditional hospital settings.

c. Favorable Government Initiatives

Governments worldwide are increasingly supporting POC testing through favorable reimbursement policies, making them more accessible to healthcare providers and patients.

d. Technological Innovations

Advances in biosensors, nanotechnology, and microfluidics are enabling the development of more accurate, compact, and affordable POC diagnostic solutions.

4. Key Challenges

a. Regulatory and Quality Control Concerns

POC analyzers, especially those for use at home, face stringent regulatory scrutiny to ensure accuracy, reliability, and safety. Regulatory hurdles may delay product approval and market entry.

b. Limited Reimbursement in Some Regions

In some regions, reimbursement for POC tests is not as comprehensive as for traditional lab tests, which can limit adoption.

c. Data Privacy and Security Issues

With the rise of cloud-based solutions and digital integration, data privacy concerns are becoming increasingly important, especially in healthcare settings.

d. High Initial Costs

While POC analyzers reduce long-term healthcare costs, the upfront cost of these devices may be prohibitive for some smaller healthcare providers and individuals, especially in low-income regions.

5. Market Segmentation

a. By Type of Test

Blood Gas and Electrolytes Analyzers: Used in emergency departments and intensive care units (ICUs) for rapid blood analysis, these analyzers help detect critical conditions such as respiratory or metabolic imbalances.

Glucose Monitoring Systems: Widely used by individuals with diabetes, glucose meters and continuous glucose monitoring systems are a key driver of the POC market.

Cardiac Biomarker Testing: POC analyzers are commonly used for cardiac markers like troponin to diagnose heart attacks and other cardiovascular conditions.

Infectious Disease Testing: Tests for diseases like HIV, influenza, and COVID-19 are increasingly available as POC diagnostics.

b. By End User

Hospitals and Clinics: The largest segment, driven by the need for quick diagnostics in high-pressure settings like emergency rooms and intensive care units.

Home Care Settings: Rapid growth in home care and self-testing for chronic conditions like diabetes, blood pressure, and cholesterol.

Ambulatory Care Centers and Diagnostic Laboratories: These facilities are adopting POC analyzers for their flexibility and ability to deliver results quickly.

c. By Technology

Biosensors: Used for various POC devices, including glucose meters and cardiac markers.

Microfluidics: Widely used in portable diagnostics for fluid-based analysis.

Immunoassays and Molecular Diagnostics: Employed for infectious disease testing and personalized medicine.

6. Competitive Landscape

a. Key Players

Abbott Laboratories – One of the leading companies in the POC market, known for its glucose monitoring systems and COVID-19 rapid tests.

Siemens Healthineers – Provides a broad range of POC analyzers, including blood gas analyzers, molecular diagnostics, and point-of-care immunoassay systems.

Roche Diagnostics – A prominent player with a strong portfolio in infectious disease testing and molecular diagnostics at the point of care.

Thermo Fisher Scientific – Known for offering POC testing solutions, particularly in molecular diagnostics and infectious diseases.

Quidel Corporation – A key player in rapid infectious disease testing, including flu and COVID-19 diagnostics.

b. Recent Developments

Abbott continues to innovate in molecular diagnostics, focusing on portable testing solutions for infectious diseases.

Roche has expanded its POC offerings in the immunoassay space, making diagnostic testing faster and more accessible in hospital and outpatient settings.

7. Regional Insights

North America: Dominates the global market due to the high adoption rate of advanced technologies and strong healthcare infrastructure. The U.S. is a key market for POC diagnostics, driven by aging populations and increasing chronic disease prevalence.

Europe: Shows strong growth, particularly in infectious disease testing and the aging demographic.

Asia-Pacific: The fastest-growing region, driven by large populations, increasing healthcare access, and growing healthcare needs in emerging economies like China and India.

Latin America & Middle East & Africa: These regions are expected to experience steady growth, especially in point-of-care testing for infectious diseases and chronic conditions.

8. Future Outlook

The POC analyzers market is poised for continued growth as healthcare systems worldwide move towards more efficient, decentralized care models. Innovations in miniaturization, AI, and connectivity will enable more sophisticated and user-friendly devices. Additionally, as governments and healthcare providers focus on improving access to healthcare, especially in remote and underserved regions, POC analyzers will play a critical role in expanding diagnostic capabilities globally.

The ongoing shift towards home healthcare, increasing demand for chronic disease management, and the rise of telemedicine and remote monitoring will further drive market expansion in the coming years.

[marketanalysisdata]

Patient Monitoring Devices Market 2030: Key Companies and Emerging Trends Analysis

The global patient monitoring devices market size is expected to reach USD 92.8 billion by 2030 and is projected to grow at a CAGR of 7.8%, according to a new report by Grand View Research, Inc. The demand in the market is expected to rise owing to the technological advancements in patient monitoring devices along with the growth in the number of hospital admissions globally.

Improving healthcare expenditure across the globe coupled with the rising adoption of remote monitoring systems will also augment the market growth over the forecast period. Many hospitals and healthcare providers are investing in remote patient monitoring technologies as a part of a value-based care model.

Patient monitoring devices help in monitoring and managing high-risk patients that are suffering from chronic diseases and are considered unstable. There has been a rise in the prevalence of chronic diseases such as diabetes, cancer, and hypertension across the world. Over 100 million Americans have hypertension and an increased risk of heart disease, according to the Centers for Disease Control and Prevention (CDC). The need for patient monitoring devices is rising due to the increasing prevalence of these conditions worldwide.

COVID-19 has decreased frequent hospital visits while increasing demand for home monitoring devices. Additionally, the scenario has altered customer demand, buying patterns, and behavior. The necessity to harness and utilize digital infrastructure for remote patient monitoring has been brought into sharp relief by the COVID-19 outbreak. The combination of telehealth & remote patient monitoring is projected to enhance the provision of at-home healthcare.

Gather more insights about the market drivers, restrains and growth of the Global Patient Monitoring Devices Market

Patient Monitoring Devices Market Report Highlights

Due to the technological advancements in multi-parameter patient monitoring, the category for multi-parameter monitoring devices accounted for the greatest revenue share of 23.3% in 2021. Multi-parameter patient monitors are widely used for enhancing the quality of healthcare in both the in-patient wards and intensive care units (ICU)

The blood glucose monitoring devices segment is expected to show lucrative growth during the forecast period owing to the growing number of diabetic patients’ demand for monitoring devices to keep track of their health

Due to the strong demand for various monitoring devices to monitor patients at hospitals, the hospitals segment accounted for the largest revenue share of 51.1% in 2021

North America contributed to the largest revenue share of 42.6% in 2021, owing to the presence of well-established reimbursement policies, dominant market players, high healthcare expenditure, and high adoption rate for advanced medical technologies

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

Ophthalmic Drug Delivery Systems Market: The global ophthalmic drug delivery systems market size was estimated at USD 15.76 billion in 2024 and is projected to grow at a CAGR of 6.6% from 2025 to 2030.

Ocular Trauma Devices Market: The global ocular trauma devices market size was estimated at USD 4.28 billion in 2024 and is projected to grow at a CAGR of 7.4% from 2025 to 2030.

Patient Monitoring Devices Market Segmentation

Grand View Research has segmented the global patient monitoring devices market based on product, end-use, and region:

Patient Monitoring Devices Product Outlook (Revenue, USD Billion, 2018 - 2030)

Blood Glucose Monitoring Systems

Self-monitoring Blood Glucose Systems

Continuous Glucose Monitoring Systems

Cardiac Monitoring Devices

ECG Devices

Implantable Loop Recorders

Event Monitors

Mobile Cardiac Telemetry Monitors

Smart/Wearable ECG Monitors

Multi-parameter Monitoring Devices.

Low-acuity Monitoring Devices

Mid-acuity Monitoring Devices

High-acuity Monitoring Devices

Respiratory Monitoring Devices

Pulse Oximeters

Spirometers

Capnographs

Peak Flow Meters

Temperature Monitoring Devices

Handheld Temperature Monitoring Devices

Table-top Temperature Monitoring Devices

Wearable Continuous Monitoring Devices

Invasive Temperature Monitoring Devices

Smart Temperature Monitoring Devices

Hemodynamic/Pressure Monitoring Devices

Hemodynamic Monitors

Blood Pressure Monitors

Disposables

Fetal & Neonatal Monitoring Devices

Fetal Monitoring Devices

Neonatal Monitoring Devices

Neuromonitoring Devices

Electroencephalograph Machines

Electromyography Machines

Cerebral Oximeters

Intracranial Pressure Monitors

Magnetoencephalograph Machines

Transcranial Doppler Machines

Weight Monitoring Devices

Digital

Analog

Other Patient Monitoring Devices

Patient Monitoring Devices End-use Outlook (Revenue, USD Billion, 2018 - 2030)

Hospitals

Ambulatory Surgery Centers

Home Care Settings

Others

Patient Monitoring Devices Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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

[marketstudyreport]

Patient Monitoring Devices Market Size, Share, Growth Analysis And Forecast Report 2030

The global patient monitoring devices market size is expected to reach USD 92.8 billion by 2030 and is projected to grow at a CAGR of 7.8%, according to a new report by Grand View Research, Inc. The demand in the market is expected to rise owing to the technological advancements in patient monitoring devices along with the growth in the number of hospital admissions globally.

Improving healthcare expenditure across the globe coupled with the rising adoption of remote monitoring systems will also augment the market growth over the forecast period. Many hospitals and healthcare providers are investing in remote patient monitoring technologies as a part of a value-based care model.

Patient monitoring devices help in monitoring and managing high-risk patients that are suffering from chronic diseases and are considered unstable. There has been a rise in the prevalence of chronic diseases such as diabetes, cancer, and hypertension across the world. Over 100 million Americans have hypertension and an increased risk of heart disease, according to the Centers for Disease Control and Prevention (CDC). The need for patient monitoring devices is rising due to the increasing prevalence of these conditions worldwide.

COVID-19 has decreased frequent hospital visits while increasing demand for home monitoring devices. Additionally, the scenario has altered customer demand, buying patterns, and behavior. The necessity to harness and utilize digital infrastructure for remote patient monitoring has been brought into sharp relief by the COVID-19 outbreak. The combination of telehealth & remote patient monitoring is projected to enhance the provision of at-home healthcare.

Gather more insights about the market drivers, restrains and growth of the Global Patient Monitoring Devices Market

Patient Monitoring Devices Market Report Highlights

Due to the technological advancements in multi-parameter patient monitoring, the category for multi-parameter monitoring devices accounted for the greatest revenue share of 23.3% in 2021. Multi-parameter patient monitors are widely used for enhancing the quality of healthcare in both the in-patient wards and intensive care units (ICU)

The blood glucose monitoring devices segment is expected to show lucrative growth during the forecast period owing to the growing number of diabetic patients’ demand for monitoring devices to keep track of their health

Due to the strong demand for various monitoring devices to monitor patients at hospitals, the hospitals segment accounted for the largest revenue share of 51.1% in 2021

North America contributed to the largest revenue share of 42.6% in 2021, owing to the presence of well-established reimbursement policies, dominant market players, high healthcare expenditure, and high adoption rate for advanced medical technologies

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

Ophthalmic Drug Delivery Systems Market: The global ophthalmic drug delivery systems market size was estimated at USD 15.76 billion in 2024 and is projected to grow at a CAGR of 6.6% from 2025 to 2030.

Ocular Trauma Devices Market: The global ocular trauma devices market size was estimated at USD 4.28 billion in 2024 and is projected to grow at a CAGR of 7.4% from 2025 to 2030.

Patient Monitoring Devices Market Segmentation

Grand View Research has segmented the global patient monitoring devices market based on product, end-use, and region:

Patient Monitoring Devices Product Outlook (Revenue, USD Billion, 2018 - 2030)

Blood Glucose Monitoring Systems

Self-monitoring Blood Glucose Systems

Continuous Glucose Monitoring Systems

Cardiac Monitoring Devices

ECG Devices

Implantable Loop Recorders

Event Monitors

Mobile Cardiac Telemetry Monitors

Smart/Wearable ECG Monitors

Multi-parameter Monitoring Devices.

Low-acuity Monitoring Devices

Mid-acuity Monitoring Devices

High-acuity Monitoring Devices

Respiratory Monitoring Devices

Pulse Oximeters

Spirometers

Capnographs

Peak Flow Meters

Temperature Monitoring Devices

Handheld Temperature Monitoring Devices

Table-top Temperature Monitoring Devices

Wearable Continuous Monitoring Devices

Invasive Temperature Monitoring Devices

Smart Temperature Monitoring Devices

Hemodynamic/Pressure Monitoring Devices

Hemodynamic Monitors

Blood Pressure Monitors

Disposables

Fetal & Neonatal Monitoring Devices

Fetal Monitoring Devices

Neonatal Monitoring Devices

Neuromonitoring Devices

Electroencephalograph Machines

Electromyography Machines

Cerebral Oximeters

Intracranial Pressure Monitors

Magnetoencephalograph Machines

Transcranial Doppler Machines

Weight Monitoring Devices

Digital

Analog

Other Patient Monitoring Devices

Patient Monitoring Devices End-use Outlook (Revenue, USD Billion, 2018 - 2030)

Hospitals

Ambulatory Surgery Centers

Home Care Settings

Others

Patient Monitoring Devices Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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

[harshnews]

Mobile Health (mhealth) Solutions Market Size, Share, Trends, Opportunities, Key Drivers and Growth Prospectus

"Mobile Health (mhealth) Solutions Market – Industry Trends and Forecast to 2029

Global Mobile Health (mhealth) Solutions Market, By Connected Devices (Glucose and Blood Pressure Monitor, Peak Flow Meter, Pulse Oximeter), Apps (Weight Loss, Women Health, Diabetes Management, Mental Health), Services (Remote Monitoring, Consultation) – Industry Trends and Forecast to 2029

Access Full 350 Pages PDF Report @

**Segments**

- **Service Type**: The mHealth solutions market can be segmented based on service type into monitoring services, diagnostic services, treatment services, wellness and prevention services, and others. Monitoring services include wearable devices and mobile apps for tracking health metrics. Diagnostic services encompass remote consultations and virtual diagnostics. Treatment services involve telemedicine and teleconsultation for medical treatment. Wellness and prevention services focus on fitness apps, diet trackers, and mental health support.

- **Platform**: Based on platform, the market can be categorized into mobile apps and web-based solutions. Mobile apps are designed for smartphones and tablets, offering convenience and accessibility to users. Web-based solutions are accessed through internet browsers on various devices, providing a wider reach and compatibility across different platforms.

- **End-User**: The mHealth solutions market can also be segmented by end-user, including healthcare providers, patients, and healthcare payers. Healthcare providers utilize mHealth solutions for remote patient monitoring, telemedicine consultations, and electronic health records management. Patients benefit from mHealth apps for self-care, medication reminders, and accessing medical information. Healthcare payers use mHealth solutions for claims processing, insurance management, and data analytics.

**Market Players**

- **Apple Inc.**: Apple is a prominent player in the mHealth solutions market with offerings like the Health app and Apple Watch, which enable users to track health data and access medical information conveniently.

- **Google LLC**: Google's mHealth initiatives include Google Fit for fitness tracking, and partnerships with healthcare providers for data integration and telehealth services.

- **Fitbit, Inc.**: Fitbit specializes in wearable health devices that monitor fitness metrics, sleep patterns, and heart rate, catering to wellness and prevention services in the mHealth market.

- **Cerner Corporation**: Cerner provides healthcare technology solutions including electronic health records (EHR) and telemedicine platforms, supporting healthcare providers in delivering mHealth services.

- **Zoetis Inc.**: Zoetis focuses on mHealth solutionsZoetis Inc. is a key player in the mHealth solutions market, primarily focusing on providing innovative solutions for the healthcare industry. As a leading animal health company, Zoetis leverages its expertise to develop mHealth tools tailored to veterinary professionals, pet owners, and livestock producers. The company's commitment to advancing animal health through technology has positioned it as a significant contributor to the evolution of mHealth applications in the veterinary sector.

Zoetis' mHealth solutions encompass a wide range of offerings aimed at improving the well-being of animals and enhancing the efficiency of veterinary care. Through the development of mobile apps, wearable devices, and data analytics platforms, Zoetis empowers veterinarians to monitor animal health, track medication schedules, and streamline communication with pet owners. These tools not only facilitate remote monitoring and teleconsultations but also enable real-time access to critical health information, leading to more proactive and personalized veterinary care.

In addition to serving the veterinary community, Zoetis caters to pet owners seeking convenient and reliable ways to manage their pets' health and wellness. By providing user-friendly mobile apps for tracking vaccination records, scheduling appointments, and receiving personalized care recommendations, Zoetis enhances the overall pet ownership experience. This direct engagement with end-users fosters stronger relationships between pet owners and veterinarians, ultimately leading to better health outcomes for companion animals.

Furthermore, Zoetis recognizes the importance of mHealth solutions in the agricultural sector, where the health and productivity of livestock play a crucial role in food production systems. Through digital platforms that enable remote monitoring of livestock health, disease surveillance, and herd management, Zoetis empowers livestock producers to make informed decisions that optimize animal welfare and farm productivity. By leveraging data-driven insights and predictive analytics, Zoetis equips livestock producers with the tools necessary to mitigate disease outbreaks, improve breeding practices, and ensure sustainable agricultural practices.

Overall, Zoetis' dedication to advancing mHealth solutions for the veterinary and livestock industries underscores its commitment**Global Mobile Health (mHealth) Solutions Market Analysis:**

- **Connected Devices**: The mHealth solutions market is witnessing significant growth in connected devices segment, including glucose and blood pressure monitors, peak flow meters, and pulse oximeters. These devices empower users to track vital health metrics in real-time, enabling proactive health management and remote monitoring capabilities.

- **Apps**: The market is also driven by a diverse range of mHealth apps catering to specific health needs such as weight loss, women's health, diabetes management, and mental health. These apps provide users with personalized health solutions, including fitness tracking, symptom management, medication reminders, and virtual consultations, contributing to the continued expansion of the mHealth market.

- **Services**: Remote monitoring and consultation services are key components of the mHealth solutions market, offering healthcare providers and patients with seamless connectivity and access to healthcare resources. The adoption of telemedicine platforms and remote monitoring tools has surged, allowing for efficient healthcare delivery, improved patient outcomes, and cost-effective healthcare solutions.

The global mHealth solutions market is forecasted to experience robust growth driven by the increasing prevalence of chronic diseases, rising adoption of smartphones and wearable devices, and growing demand for remote healthcare services. Technological advancements in connected devices and apps, coupled with the expansion of telemedicine services, are expected to fuel market growth further. Additionally, the emphasis on preventive healthcare and wellness initiatives is shaping the mHealth landscape, with a focus on personalized health solutions and patient-centric care models.

The market

Table of Contents: Mobile Health (mhealth) Solutions Market

1 Introduction

2 Global Mobile Health (mhealth) Solutions Market Segmentation

3 Executive Summary

4 Premium Insight

5 Market Overview

6 Mobile Health (mhealth) Solutions Market, by Product Type

7 Mobile Health (mhealth) Solutions Market, by Modality

8 Mobile Health (mhealth) Solutions Market, by Type

9 Mobile Health (mhealth) Solutions Market, by Mode

10 Mobile Health (mhealth) Solutions Market, by End User

12 Mobile Health (mhealth) Solutions Market, by Geography

12 Mobile Health (mhealth) Solutions Market, Company Landscape

13 Swot Analysis

14 Company Profiles

Countries Studied:

North America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)

Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)

Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)

Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Objectives of the Report

To carefully analyze and forecast the size of the Mobile Health (mhealth) Solutions market by value and volume.

To estimate the market shares of major segments of the Mobile Health (mhealth) Solutions

To showcase the development of the Mobile Health (mhealth) Solutions market in different parts of the world.

To analyze and study micro-markets in terms of their contributions to the Mobile Health (mhealth) Solutions market, their prospects, and individual growth trends.

To offer precise and useful details about factors affecting the growth of the Mobile Health (mhealth) Solutions

To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Mobile Health (mhealth) Solutions market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

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Self-Monitoring Blood Glucose Device Market will be US$ 21.05 Billion by 2032

The global self-monitoring blood glucose (SMBG) device market is expected to grow significantly over the next few years, driven by the increasing prevalence of diabetes and the need for effective diabetes management. Renub Research provides a comprehensive analysis of the SMBG device market, covering key aspects such as market size, growth drivers, and future outlook. Market Size and Growth The…

[industrynewsupdates]

Digital Diabetes Management Market Growth Trends and Strategies, 2030

The global digital diabetes management market size is expected to reach USD 21.9 billion by 2030, expanding at a CAGR of 8.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. Major factors contributing to the market growth are the growing incidences of diabetes globally, the increasing number of product launches, and innovation in technologies such as predictive analytics and artificial intelligence (AI). 

Data analytics and artificial intelligence are now an integral part of digital solutions for diabetics. AI is gaining rapid attention due to its ability to harness massive volumes of patient information. Digital diabetes management tools help patients analyze their glucose levels and pattern. They also help patients decide on food intake and dosage of insulin. The number of smartphone apps for disease management has seen a monumental rise over the past few years, giving the market a major boost. For instance, in September 2019, Abbott entered into a non-exclusive partnership with Sanofi to integrate cloud-connected insulin pens (Sanofi) with FreeStyle Libre mobile application (Abbott) to ease the management process of diabetes. 

Gather more insights about the market drivers, restrains and growth of the Digital Diabetes Management Market

Detailed Segmentation:

Product Insights

The continuous blood glucose monitoring system segment held the largest revenue share of over 40.6% in 2022, owing to its advanced features such as compatibility with smart devices that serve as display devices. Moreover, it can be set to send custom alerts to patients when certain glucose thresholds are reached. Based on products, the market has been segmented into smart insulin pens, continuous blood glucose monitoring systems, smart glucose meters, smart insulin pumps, and apps. Diabetes management apps are divided into digital diabetes management apps and weight & diet management apps.

End-use Insights

Based on end-use, the digital diabetes management market is segmented into hospitals, home settings, and diagnostic centers. Hospitals can use digital platforms or mobile apps that provide diabetes education, self-management tools, and support, as well as offer them to patients. With these technologies, patients may better understand their condition, monitor their blood sugar levels, take control of their medication, and get advice from medical specialists.

Type Insights

The wearable devices segment held the largest revenue share of 56.9% in 2022, and the segment is expected to expand at the fastest CAGR of 8.4% over the forecast period. The segment's growth is majorly attributed to technological advancements such as the advent of artificial intelligence, the launch of new products such as closed-loop pump systems and smart insulin patches, and the growing adoption of self-insulin delivery devices in diabetes management. The market is segmented based on type into wearable devices and handheld devices.

Regional Insights

North America led the market in 2022 with a revenue share of over 38.0%, aided by the availability of advanced technologies and the recent approval of many digital blood glucose patient monitoring devices in the region. For instance, in January 2022, Insulet Corporation announced that it had received clearance from the U.S. FDA for its Omnipod 5 Automated Insulin Delivery System. It is a unique system that integrates with Dexcom G6 Continuous Glucose Monitoring (CGM). It facilitates remote patient monitoring and data transfer through the Omnipod 5 mobile app with its integrated SmartBolus Calculator. The increasing geriatric population and the growing burden of diabetes due to lifestyle changes are expected to boost regional market growth.

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

• The global artificial hip and knee joints market size was estimated at USD 12.57 billion in 2023 and is projected to grow at a CAGR of 2.85% from 2024 to 2030.

• The global breast shells market size was valued at USD 71.0 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2030. 

Key Companies & Market Share Insights

Major market players focus on adopting new technologies and introducing advanced products, taking advantage of important cooperation activities, and exploring acquisitions and government initiatives to offer their customers better services and strengthen their market presence. For instance, in August 2022, Abbott Laboratories announced its collaboration with WeightWatchers to launch new digital tools to emphasize the importance of weight loss and controlling blood sugar in diabetes patients. Abbott integrated its recent digital glucose monitoring technology into WeightWatchers' diabetes-specific program, as a part of this strategic partnership.

In another instance, in May 2021, Ascensia Diabetes Care launched a browser-based diabetes management and analytics platform, GlucoContro.online, that provides data-driven care for people who use any of the CONTOUR blood glucose monitoring meters. In September 2021, Ypsomed AG partnered with Dexcom, a market leader in CGM systems. This partnership was intended to make data from Dexcom G6 CGM devices available in the Ypsomed application in a smart device. 

Following are some of the major participants in the global digital diabetes management market:

• Abbott

• Medtronic

• F. Hoffmann-La Roche Ltd.

• Bayer AG

• Sanofi

• Dexcom, Inc.

• LifeScan, Inc.

• Insulet Corporation

• Ascensia Diabetes Care Holdings AG

• B. Braun Melsungen AG

Digital Diabetes Management Market Segmentation 

Grand View Research has segmented the global digital diabetes management market based on product, type, end-use, and region:

Digital Diabetes Management Product Outlook (Revenue, USD Million, 2018 - 2030)

• Smart Glucose Meter

• Continuous Blood Glucose Monitoring System

• Smart Insulin Pens

• Smart Insulin Pumps

• Apps

o Digital Diabetes Management Apps

o Weight & Diet Management Apps

Digital Diabetes Management Type Outlook (Revenue, USD Million, 2018 - 2030)

• Wearable Devices

• Handheld Devices

Digital Diabetes Management End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Home settings

• Diagnostic centers

Digital Diabetes Management Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o Germany

o U.K.

o France

o Italy

o Spain

o Sweden

o Norway

o Denmark

• Asia Pacific

o Japan

o China

o India

o Australia

o Thailand

o South Korea

• Latin America

o Brazil

o Mexico

o Argentina

• Middle East & Africa

o South Africa

o Saudi Arabia

o UAE 

o Kuwait

Order a free sample PDF of the Digital Diabetes Management Market Intelligence Study, published by Grand View Research.

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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.

Request a free sample copy or view report summary: Southeast Asia Diabetes Devices Market Report

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

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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.