UK Diabetes Devices Market Size & Outlook, 2023-2030
UK diabetes devices market, 2018-2030 (US$M)
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UK diabetes devices market highlights
- The UK diabetes devices market generated a revenue of USD 1,423.0 million in 2023 and is expected to reach USD 2,416.1 million by 2030.
- The UK market is expected to grow at a CAGR of 7.9% 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 1,423.0 million |
| Market revenue in 2030 | USD 2,416.1 million |
| Growth rate | 7.9% (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, UK accounted for 4.7% 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 |
|---|
UK 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 UK 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.
The UK has several small- and medium-sized companies that significantly contribute to the economy. The turnover from these companies is valued at about 99.5% of all businesses currently operating in the UK. The country has a reputation for quality solutions.
Major companies operating in the market are F. Hoffmann-La Roche Ltd.; Lifescan, Inc.; Dexcom, Inc.; Abbott Laboratories; and others. These companies are adopting several strategies to acquire large market shares, including the launches of innovative products in the market. For instance, in October 2022, Dexcom, Inc. launched Dexcom G7 in Germany, Austria, Ireland, UK, and Hong Kong.
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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 country-level data and insights on the UK diabetes devices market , including forecasts for subscribers. This country databook contains high-level insights into UK diabetes devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK diabetes devices market size, by type, 2018-2030 (US$M)
UK Diabetes Devices Market Outlook Share, 2023 & 2030 (US$M)
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