Germany Diabetes Devices Market Size & Outlook, 2023-2030
Germany diabetes devices market, 2018-2030 (US$M)
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Germany diabetes devices market highlights
- The Germany diabetes devices market generated a revenue of USD 1,611.5 million in 2023 and is expected to reach USD 2,685.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, insulin delivery devices was the largest revenue generating type in 2023.
- Insulin Delivery Devices is the most lucrative type segment registering the fastest growth during the forecast period.
Diabetes devices market data book summary
| Market revenue in 2023 | USD 1,611.5 million |
| Market revenue in 2030 | USD 2,685.0 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Insulin delivery devices |
| Fastest growing segment | Insulin Delivery Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Blood Glucose Monitoring (BGM) Devices, Insulin Delivery Devices |
| Key market players worldwide | Medtronic PLC, Abbott Laboratories, Roche Holding AG, Bayer AG, Johnson & Johnson, B. Braun, DexCom Inc, Insulet Corp, Ypsomed Holding AG, Sanofi SA, Novo Nordisk A/S ADR, Arkray |
Other key industry trends
- In terms of revenue, Germany accounted for 5.3% of the global diabetes devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany diabetes devices market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,416.1 million by 2030.
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Diabetes Devices Market Scope
Diabetes Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 Germany 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.
Germany has a lucrative environment for technologically innovative startups. Around 80% of the medical device manufacturers, including companies of diabetes devices, in the country, are SMEs. The presence of major market players, such as B Braun Melsungen AG and Abbott Laboratories, is anticipated to create lucrative opportunities in Germany.
In addition, funding available through G-BA (Gemeinsamer Bundesausschuss) is expected to boost the demand for diabetes devices in Germany. Several companies are opting for reimbursement for their diabetes devices in the country. For instance, in March 2021, Nemaura Medical, Inc. submitted application for G-BA for reimbursement in Germany for its glucose monitoring device, sugar BEAT.
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Our clientele includes a mix of diabetes devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany diabetes devices market , including forecasts for subscribers. This country databook contains high-level insights into Germany diabetes devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany diabetes devices market size, by type, 2018-2030 (US$M)
Germany Diabetes Devices Market Outlook Share, 2023 & 2030 (US$M)
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