Global Diabetes Devices Market Size & Outlook, 2023-2030
Global diabetes devices market, 2018-2030 (US$M)
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Global diabetes devices market highlights
- The global diabetes devices market generated a revenue of USD 30,317.2 million in 2023 and is expected to reach USD 50,332.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.5% by 2030.
- In terms of segment, insulin delivery devices accounted for a revenue of USD 16,427.5 million in 2023.
- Insulin Delivery Devices is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Norway is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 30,317.2 million |
| Market revenue in 2030 | USD 50,332.7 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Insulin delivery devices |
| Fastest growing segment | Insulin Delivery Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Blood Glucose Monitoring (BGM) Devices, Insulin Delivery Devices |
Other key industry trends
- In terms of revenue, the North America accounted for 38.7% of the global diabetes devices market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Norway is the fastest growing regional market and is projected to reach USD 914.1 million by 2030.
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Diabetes Devices Market Scope
Diabetes Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global diabetes devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to diabetes devices market will help companies and investors design strategic landscapes.
Insulin delivery devices was the largest segment with a revenue share of 54.19% in 2023. Horizon Databook has segmented the Global diabetes devices market based on blood glucose monitoring (bgm) devices, insulin delivery devices covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in incidence of diabetes due to aging, obesity, and unhealthy lifestyle is one of the factors contributing to the growth of diabetes devices market. Obesity is a major factor leading to diabetes. According to WHO, in 2016, over 1.9 billion adults were overweight, of which, around 650 million people were obese.
Risk factors, such as obesity and overweight, are leading to an increase in the incidence of diabetes. Therefore, risk factors such as such as smoking, overweight, obesity, and high cholesterol are expected to boost the prevalence of diabetes, thus fueling the need for diabetes devices.
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Our clientele includes a mix of diabetes devices market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global diabetes devices market , including forecasts for subscribers. This global databook contains high-level insights into Global diabetes devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global diabetes devices market size, by regions, 2018-2030 (US$M)
Top 10 countries: Diabetes devices market size, 2023 (US$M)
Global diabetes devices market share, by type, 2023 & 2030 (%, US$M)
Diabetes devices market: Opportunity assessment by country
Global diabetes devices market, by region, 2023 (US$M)
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