The diabetes care devices market in Europe, Middle East, and Africa is projected to witnesslucrative gains by 2022, according to a report on Radiant Insights, Inc. It is anticipated to expand at a steady pace during the forecast period (2012-2022) due to increasing incidence of diabetes in these regions.Demand for minimally invasive diagnostic devices is expected to be one of its major drivers. Increasing obese population,rapid urbanization, and unhealthy diet and lifestylesare other factors that can impact market growth.
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Diabetic care devices comprise medical devices capable of monitoring blood sugar levels. These devices provide solutions that can control diabetes to a certain stage. Awareness of these devices among consumers is expected to work favorably for manufacturers. Need for faster and safer methodsof diagnosis and treatmentof diabetes is predicted to provide growth opportunities for the market.
Blood glucose meters (BGM) are diabetic management devices that can store patient data in an organized manner. This lets patients check their progress by comparing with past results. Roche Diagnostics launched the Accu-Chek Guide system blood glucose meter to manage diabetes in a simplified manner.
In contrast, patent expiration of various devices is a cause forconcern among manufacturers. In addition, changes in regulations as well as complexities in patient reimbursement schemes are some of the challenges faced by the market.
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The diabetes care devices market in the EMEA region is segmented by product, end user, and region. Testing strips, continuous glucose monitor, self-monitoring blood glucose meter, insulin syringe, insulin pump, insulin pen, and lancet are various products inthe market.End users in the market include personal care, medical care, and clinics.
Regions covered in the market report are Europe, Africa, and the Middle East. The Europe market is projected to generate good revenue during the forecast period due torisingdemand for insulin pumps to deliver insulin in a safe and efficient manner. The REACTION project was launched by the European government to develop a common platform for creating awareness among consumers regarding wearables and smart devices pertaining to diabetes management.
The Middle East and Africa markets are expected to generate lucrative returns due to increasing cases of diabetes in these regions. According to the International Diabetes Federation Atlas, nearly 20% of the 20-79 demographic is expected to be diabetic across United Arab Emirates (UAE), Bahrain, Kuwait, Saudi Arabia, and Qatar. Saudi Arabia and UAE are the biggest markets with high potential in the Middle East region.
Prominent market players include Roche Diagnostics, Johnson & Johnson, Bayer HealthCare Pharmaceuticals LLC, Abbott Laboratories, and Ypsomed Holding. Partnerships, mergers, and novel product launches are some of the strategies used by these players to increase their market share. Roche Diagnostics has created a new BGM that will be compatible with Medtronic’s insulin pumps using Bluetooth Low Energy. The accuracy of results provided by Roche’s Accu-Chek system will benefit consumers. This strategy is expected to let both manufacturers gain a sizeable share inthe market. Improvement in diabetic care devices can propel the growth of point-of-care testing in hospitals and clinics.
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