Diabetes Care Devices Market Global Report 2017

10:10 EDT 31 Jul 2017 | PR Newswire

LONDON, July 31, 2017 /PRNewswire/ -- The diabetes care devices industry manufactures blood glucose monitoring devices and insulin delivery devices. Diabetes care devices are designed to diagnose, monitor or manage type I and type II diabetes mellitus. Diabetes is a chronic disease that occurs either when the pancreas does not produce enough insulin or when the body cannot effectively use the insulin it produces. Insulin is a hormone that regulates blood sugar.

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The Americas was the largest geographic market in the diabetes care devices market in 2016, accounting for over 50% of the global market. Europe was the second largest geographic market, accounting for around 23% of the global market. Asia was the third largest geographic market, accounting for over 12% of the global market.

The artificial pancreas is a system that measures blood glucose levels on a minute-to-minute basis using a continuous glucose monitor (CGM), and transmits this information to an insulin pump that calculates and releases the required amount of insulin into the body. It consists of three essential components – a glucose sensor system, a control algorithm, and an insulin infusion device. This system is more effective than conventional insulin delivery devices as it automates insulin dosing based on blood sugar levels. Key companies in this industry are focusing on developing such systems. Medtronic recently gained US FDA approval for its artificial pancreas system, MiniMed 670G.

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