Global Diabetes Monitors Market - Overview:
The global Diabetes Monitors Market Trends is projected to witness considerable growth during the forecast period, this is due to the huge research and development investment in advancing treatment options and providing monitoring solutions that are semi to non-invasive. Governments and other regulatory bodies worldwide, are encouraging innovative relevant technologies for diabetes monitoring. Although high costs associated with diagnosis & treatment and the inconvenience associated with common monitoring devices (finger pricking) are expected to hamper market growth, the demand for efficient and affordable monitoring methods is likely to propel growth as innovation progresses.Rapid urbanization, a growing geriatric population, changing lifestyles and a prevalence of unbalanced diets have contributed to the increasing occurrence of type 2 diabetes in the global population. This has inevitably created a more widespread demand for diabetes monitors. Both type 1 and 2 diabetes are widespread across the globe, with type 2 being the more commonly occurring form of diabetes of the two. According to the International Diabetes Federation 1 in 11 adults (425 millions) has diabetes and over two-thirds of these cases are recorded in urban areas. While, there is no cure for the disease, it can be managed through ongoing monitoring, the demand for appropriate diabetic monitoring technologies has incited considerable growth and will continue to do so as the market develops during the forecast period.
Market Research Future (MRFR) has published a comprehensive market report that identifies trends and restraints that affect growth. The report also identifies market opportunities based on extensive analysis of the diabetes monitors market.
Global Diabetes Monitors Market - Regional Analysis
The global diabetes monitors market is segmented on the basis of regions: America, Europe, Asia Pacific, and the Middle East & Africa. The Americas accounts for the major share of the market owing to the increasing prevalence of diabetes mellitus (DM), well-developed technology, and high healthcare expenditure. Europe accounts for the second largest market, which is followed by Asia Pacific. Increasing government support for research & development, well-developed healthcare infrastructure, and presence of geriatric population have driven the diabetes registry database market in Europe. Asia Pacific is the fastest growing diabetes monitors market due to rapidly changing healthcare sector, and the presence of huge opportunities for the development of this market. However, the Middle East & Africa has the least share in the market owing to the presence of poor and slow developing countries, especially, in African region. The Middle East holds the major share of the regional market due to well-developed technology and high spending.
Moreover Across the globe, health systems are developing in response to multiple factors such as new medical technology, new health services, changes in health policies, new organizational structures, innovations in drug development, and greater access to health services.
According to the WHO, Diabetes and its related complications lead to the substantial economic loss to diabetic people and to national economies through loss of work and wages, and direct medical costs. Whereas hospital and outpatient care are the major cost drivers.
Centers for Disease Control and Prevention (CDC) suggested that the Per capita national health expenditures in 2015 was amounted to be USD 9,990 and total national health expenditure was USD 3.2 trillion. It is also reported that out of total national health expenditures in the US, prescription drugs 10.1% share. According to the American Diabetes Association, nearly 30 million Americans are dealing with diabetes and every 21 seconds one person is diagnosed with diabetes.
According to the data suggested by Eurostat, it is observed that among the EU Member States, the highest value of healthcare expenditure was recorded in Germany in 2014 i.e. EUR 321 billion which is further followed by France with EUR 237 billion, and United Kingdom with EUR 223 billion.
Despite the great economic development in the Asia-Pacific region, some part of the region are facing inadequate health expenditure due to unequal distribution of resources. According to the findings published in Diabetes Research and Clinical Practice, the South East Asia Region was having lowest mean health expenditure per person with diabetes in 2014 which is approximately 87% lower than the world average.
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JUNE 29, 2020: The global Physical Security market size is expected to reach USD 171.0 billion by 2027 and is anticipated to register a CAGR of 6.5% over the forecast period, according to a new report by Grand View Research, Inc.
Lack of physical security leads to higher rates of burglaries and thefts.
Furthermore, increasing terror threats, border disputes, and refugee crises drive the adoption of stringent safety measures, thereby driving the physical security market growth.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/physical-security-market/request-sampleGovernments across different countries and regions are taking up smart city initiatives to enhance their infrastructure and are hence deploying improved security systems.
Additionally, modernizing the existing infrastructure with robust security measures and strengthening the security of government agencies have been some of the top priorities for governments across developed countries.
Organizations are increasingly concerned about employee safety and are hence setting up systems to prevent unauthorized access, further driving the demand for physical security solutions.China accounted for the largest share of the Asia Pacific market in 2019.
Companies in the market are focusing on strategic partnerships and acquisitions to enhance their product and service offerings.
Diabetes monitors market Insights Rapid urbanization, a growing geriatric population, changing lifestyles and a prevalence of unbalanced diets have contributed to the increasing occurrence of type 2 diabetes in the global population.
While, there is no cure for the disease, it can be managed through ongoing monitoring, the demand for appropriate diabetic monitoring technologies has incited considerable growth and will continue to do so as the market develops during the forecast period.Market Research Future (MRFR) has published a comprehensive market report that identifies trends and restraints that affect growth.
The report also identifies market opportunities based on extensive analysis of the diabetes monitors market.
Continuous glucose monitors (CGM) have been further sub-segmented to include, disposable sensor based CGM and re-usable sensor based CGMBased on components, the market has been classified into lancet, glucose test strips and sensors.
Europe holds the second largest global market share and like the Americas, this region has supportive government associations that drive research and development to improve existing monitoring technologies.
Latest Industry NewsDexcom has announced Food and Drug Administration (FDA) approval of the Dexcom G6 CGM System.
Apr 29, 2020: The ‘Global and Chinese Famotidine Industry, 2012-2022 Market Research Report’ is a professional and in-depth study on the current state of the global Famotidine industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Famotidine manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Firstly, the report provides a basic overview of the industry including its definition, applications and manufacturing technology.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/global-and-chinese-famotidine-cas-76824-35-6-industry-2017/request-sampleThen, the report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2012-2017 market shares for each company.
Through the statistical analysis, the report depicts the global and Chinese total market of Famotidine industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report then estimates 2017-2022 market development trends of Famotidine industry.To Browse Full Research Report @:https://www.radiantinsights.com/research/global-and-chinese-famotidine-cas-76824-35-6-industry-2017Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.
Global “Halal Food and Beverage Market” report offers an overview of the market size, share, trends, drivers, and barriers with respect to the Halal Food and Beverage Industry.
The competitive data type analysis includes capacity, market share, profit margin, market growth, consumer consumption, imports, exports, revenue, and etc.
Halal Food is termed as a dietary standard as stated in the Qur’an that means free from any constituent that Muslims are forbidden from consuming as stated in Islamic law.
That means, in the month of Ramadan, Muslims who are fasting will only select food items and drinks that are permitted under Islamic law Halal is an Arabic word.
It includes food like cattle, chicken, and sheep which is slaughtered by Muslims.
The Halal Food and Beverage Market is estimated to grow at a CAGR of 6.1% over the forecast period as the scope and its applications are rising enormously across the globe.
