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 diabetes care devices market is valued at nearly $14 billion in 2017 due to the increase in R&D investments and research collaborations by companies in the market.
The market in the report is segmented into: blood glucose test strips, insulin pens, insulin syringes, insulin pumps & injectors, lancing devices, continuous glucose monitoring devices and blood glucose meters.
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The USA was the largest country in the diabetes care devices market in 2017, accounting for one-sixth of the market share, followed by China and India.
The top five competitors in the market are: Roche followed by Medtronic, J&J, Abbott, and Becton and Dickinson & Company. Roche is a Swiss multinational healthcare company that operates worldwide under two divisions: Pharmaceuticals and Diagnostics. It had about 88,000 employees working across more than 150 countries.
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