Boston, May 21, 2025 (GLOBE NEWSWIRE) — According to the latest study from BCC Research, “Global Diabetic Care Devices Market” is expected to grow from $16.6 billion in 2024 to $26.8 billion by the end of 2029 at a compound annual growth rate (CAGR) of 10.1% from 2024 through 2029.
This report focuses on the competitive landscape and company profiles, including revenues, product portfolios, and recent activity. It examines market trends, dynamics, and potential market size, helping readers make informed decisions about production and licensing. The market is segmented by product type into self-monitoring blood glucose (SMBG) devices and continuous glucose monitoring (CGM) devices, with regional and country-level analysis provided. Note that diabetes therapeutic devices are not covered in this report.
This report is relevant because the global prevalence of diabetes, particularly type 2, continues to rise, affecting over 500 million adults worldwide. With the increasing demand for effective management, technological innovations like CGM systems are gradually replacing traditional blood glucose meters. Furthermore, the aging population and the growing emphasis on preventive healthcare underline the need for continuous, convenient diabetes monitoring.
The factors driving the market include:
Rising Diabetes Cases: The number of people with diabetes is increasing worldwide due to factors like sedentary lifestyles and unhealthy diets. This boosts the demand for diabetic care devices.
Better Management Tools: Technology advances have led to more efficient and user-friendly diabetes management tools, such as CGMs and insulin pumps.
Healthcare Policies: Favorable healthcare and reimbursement policies make diabetic care devices more accessible, encouraging adoption.
Preventive Healthcare Focus: There is a growing emphasis on preventive healthcare to reduce the incidence of diabetes, driving the demand for monitoring and management devices.
Aging Population: As the global population ages, the number of older adults at risk of diabetes increases, leading to higher demand for diabetic care devices.
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Report Synopsis
| Report Metric | Details |
| Base year considered | 2023 |
| Forecast period considered | 2024-2029 |
| Base year market size | $15.3 billion |
| Market size forecast | $26.8 billion |