Global diabetic care device market projected to reach $26.8 billion by 2029 with 10.1% CAGR.

From GlobeNewswire: 2025-05-21 13:47:00

The Global Diabetic Care Devices Market is projected to reach $26.8 billion by 2029, growing at a CAGR of 10.1% from 2024. The report covers product types, market trends, and key players. Factors driving market growth include rising diabetes cases, technological advancements, and a focus on preventive healthcare. The market is segmented into SMBG and CGM devices.

Advanced technology like Continuous Glucose Monitoring (CGM) systems is disrupting traditional diabetes management tools. CGMs offer real-time tracking, integration with smartphones, personalized management, and improved quality of life. Emerging startups like Senseonics and SugarBEAT introduce innovative noninvasive CGM solutions. These advancements aim to enhance user experience and overall diabetes care.

Market leaders in the diabetes care device industry include ACON LABORATORIES, ABBOTT, AGAMATRIX, DEXCOM, and MEDTRONIC. The North American region dominates the market, with a focus on continuous glucose monitoring systems. The market is expected to grow due to increasing diabetes cases, demand for better management tools, favorable healthcare policies, preventive healthcare focus, and an aging population.

For organizations seeking insights into the diabetes care devices market, BCC Research offers custom research reports at a 30% discount. These reports provide a comprehensive view of market landscapes, helping businesses make informed decisions. Market drivers include the rising prevalence of diabetes, demand for better management tools, healthcare policies, preventive healthcare, and the growing aging population. The report covers product types, end users, and geographic regions, projecting growth in the continuous glucose monitoring segment.



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