Diabetes Care Devices Market Size

Diabetes Care Devices Market Size

Diabetes Care Devices Market size was valued at around USD 46.1 billion in 2023 and is projected to grow at a CAGR of 10% from 2024 to 2032. Diabetes care devices refer to a range of medical devices designed to help individuals with diabetes manage their condition effectively. These devices play a crucial role in monitoring blood glucose levels, administering insulin, and overall diabetes management.

The National Diabetes Statistics Report for 2022 by the CDC (Centers for Disease Control) reveals that the prevalence of diabetes has increased, reaching an estimated 37.3 million cases. This accounts for 11.3% of the U.S. population. Among these cases, 28.7 million people have received a diabetes diagnosis, while approximately 8.6 million individuals have diabetes but remain undiagnosed.
 

The growing prevalence of diabetes across the world is the primary factor propelling the diabetes care devices market expansion. The management and control of diabetes is essential to avoid its complications such as kidney failure, gangrene, lower limb amputation, heart attack, blindness, and stroke. Moreover, rapid urbanization has led to an inactive lifestyle, unhealthy diet, and increased stress levels among youth, that are some major factors that result in diabetes, thereby impacting the overall market demand.