Latest Trends in the U.S. Market for Diabetes Monitoring, Treatment and Drug Delivery

iData Research, the leading global authority in medical device and pharmaceutical market research (www.idataresearch.com), has published a new report series for the U.S. Market for Diabetes Monitoring, Treatment and Drug Delivery. The U.S. diabetes monitoring, treatment and drug delivery market will reach $25 billion by 2020, from almost $17 billion in 2013. The increase in patient population as well as increased proportion of diagnosed diabetics will continue to drive the value of this market, with Sanofi, Novo Nordisk and Eli Lilly leading the way.

The Center for Disease Control and Prevention (CDC) reports diabetes as the seventh leading cause of death among Americans as of 2014. The prevalence of the disease has led to a market size for diabetes monitoring, treatment and drug delivery of over $16.7 billion.

The U.S. diabetes monitoring, treatment and drug delivery market includes traditional blood glucose meters, continuous glucose monitoring (CGM) systems, blood glucose test strips, lancets and lancing devices, modern insulin, insulin syringes, modern insulin pens, pen needles, and insulin pumps. The fastest growing area of the diabetes monitoring, treatment and drug delivery market was represented by modern insulin. This expansion will be fuelled by the increasing number of diabetics, modern insulin cannibalizing human insulin and price hikes in the long-acting modern insulin segment.

Diabetes Monitoring, Treatment and Drug Delivery Market, U.S., 2010 – 2020

One of the main trends driving the use of U.S. Market for Diabetes Monitoring, Treatment and Drug Delivery is the modern insulin market. The modern insulin market’s growth is largely attributed to the increasing prices of modern insulin. However, the increasing popularity of insulin pens also contributed to this segment’s fast expansion.

Leading the market for diabetes monitoring, treatment and drug delivery is Sanofi, due to the success in producing and marketing the most successful modern insulin in the U.S. Other major competitors in the market include Novo Nordisk, Eli Lilly, Medtronic, LifeScan and Roche.

Leading Competitors, Diabetes Diagnosis, Treatment and Drug Delivery Market, U.S., 2013

The full reports provide a comprehensive analysis including procedure numbers, units sold, market value, forecasts, as well as a detailed competitive market shares and analysis of major players’ success strategies in each market and segment. The reports also cover markets for: traditional blood glucose meters, continuous glucose monitoring systems, blood glucose test strips, lancets and lancing devices, insulin, insulin syringes, insulin pens and insulin pumps as well as emerging technologies.

Get a complete synopsis or table of contents for a report from this series by registering for free here:  or email [email protected].

 

Article picked up by: Wall Street Journal, Marketwatch, Bloomberg, Thomson Reuters,  Moneyshow.com, Yahoo Finance, Barchart.com