HOME Top Market Reports Diabetes Care Devices Market In Brazil, Russia, India & China (BRIC) by Product (Self-Monitoring Blood Glucose Meters, Continuous Glucose Monitors, Testing Strips, Lancets, Insulin Pumps, Insulin Pens, Insulin Syringes) - Forecast to 2020

Diabetes Care Devices Market In Brazil, Russia, India & China (BRIC) by Product (Self-Monitoring Blood Glucose Meters, Continuous Glucose Monitors, Testing Strips, Lancets, Insulin Pumps, Insulin Pens, Insulin Syringes) - Forecast to 2020

By: marketsandmarkets.com
Publishing Date: August 2015
Report Code: MD 3684

 

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The BRIC diabetes care devices market is estimated to grow at a CAGR of 6.3% from 2015 to 2020, to reach USD 2.3 Billion by 2020 from USD 1.7 Billion in 2015. Factors such as increasing number of diabetic patients across BRIC countries, growing research on diabetes, and increasing international research collaborations are driving the growth of the this market. Rising obese population and lifestyle changes (driving the prevalence of diabetes among the urban population) are further contributing to the growth of this market. However, high cost of diabetes care devices, disparity in reimbursement, availability of alternative treatments, and lack of awareness are restraining the growth of this market.

China accounted for the largest share of the BRIC diabetes care devices market; it accounted for a market share of 55.5% in 2014. Major factors driving the growth of this market in China are the rising diabetic population, increasing international collaborations, and presence of large number of diabetes care device manufacturers in the country. The Indian market, on the other hand, is expected to witness the highest CAGR, mainly due to the growing diabetic population, rapid urbanization and industrialization, and growing research on diabetes and its management.

Some of the major players operating in the BRIC diabetes care devices market are Becton, Dickinson and Company (U.S.), Roche Diagnostics Ltd. (Switzerland), Johnson and Johnson (U.S.), Bayer AG (Germany), Abbott Laboratories (U.S.), Acon Laboratories, Inc. (U.S.), Ypsomed AG (Switzerland), Novo Nordisk A/S (Denmark), Medtronic plc (Ireland), ARKRAY Inc. (Japan), Terumo Corporation (Japan), Dexcom, Inc. (U.S.), and Sanofi (France).

Scope of the Report

Diabetes is a group of metabolic disorders, characterized by high blood glucose levels due to either inadequate insulin production or insulin resistance. Diabetes care devices are used to manage blood glucose levels.

Diabetes Care Devices Market, by Type

  • Blood Glucose Monitoring Devices
    • Testing Strips
    • Self-monitoring Blood Glucose Meters
    • Lancets
    • Continuous Glucose Monitors
    • Others
  • Insulin Delivery Devices
    • Insulin Syringes
    • Insulin Pens
    • Insulin Pumps
    • Insulin Jet Injectors

BRIC Diabetes Care Devices Market, by Country

  • Brazil
  • Russia
  • China
  • India

Table of Contents

1 Introduction (Page No. - 11)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Product Description
                    1.3.2.1 Blood Glucose Monitoring Devices
                               1.3.2.1.1 Self-Monitoring Blood Glucose Meters
                               1.3.2.1.2 Continuous Glucose Monitors (CGM)
                               1.3.2.1.3 Testing Strips
                               1.3.2.1.4 Lancets
                               1.3.2.1.5 Other Blood Glucose Monitoring Devices
                    1.3.2.2 Insulin Delivery Devices
                               1.3.2.2.1 Insulin Pumps
                               1.3.2.2.2 Insulin Pens
                               1.3.2.2.3 Insulin Syringes
                               1.3.2.2.4 Insulin Jet Injectors
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 15)
    2.1 Research Approach
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Market Share Estimation
           2.4.1 Key Data From Secondary Sources
           2.4.2 Key Data From Primary Sources
                    2.4.2.1 Key Industry Insights
    2.5 Assumptions
           2.5.1 Market Assumptions
           2.5.2 Price Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Growth Potential of this Market
    4.2 BRIC Blood Glucose Monitoring Devices Market
    4.3 Diabetes Care Devices Market, By Geography
    4.4 China to Dominate this Market During the Forecast Period
    4.5 BRIC Diabetes Care Devices Market

5 Industry Insights (Page No. - 32)
    5.1 Trends
           5.1.1 Growing Diabetes Care Market in India
           5.1.2 Shift Towards Continuous Glucose Monitors
           5.1.3 Development of Noninvasive Glucometers
    5.2 Technological Advancements in Insulin Delivery Systems
           5.2.1 Insulin Inhalers
           5.2.2 Oral Insulin
           5.2.3 Artificial Pancreas
           5.2.4 Insulin Patches/Transdermal Insulin Delivery

6 Brazil: Diabetes Care Devices Market (Page No. - 37)
    6.1 Introduction
    6.2 Market Drivers
           6.2.1 Increasing Incidence of Diabetes Especially Among Obese Population
           6.2.2 Increased Collaborations and Funding to Support Diabetes Research
    6.3 Market Restraints
           6.3.1 Lack of Awareness
           6.3.2 Geographical Limitations
    6.4 Market Opportunities
           6.4.1 Favorable Government Policies
    6.5 Market Challenges
           6.5.1 Stringent Regulations and Registration Process
    6.6 Market Size
    6.7 Market Share

7 Russia: Diabetes Care Devices Market (Page No. - 44)
    7.1 Introduction
    7.2 Market Drivers
           7.2.1 Growth in Aging Population
           7.2.2 Large Urban Population and Rising Obesity
           7.2.3 Growing Focus of Market Players Towards Russia
    7.3 Market Restraints
           7.3.1 High Cost of Diabetes Care Devices
           7.3.2 Disparity in Reimbursement
           7.3.3 Large Pool of Undiagnosed Patients
    7.4 Market Opportunities
           7.4.1 Growing Awareness About Diabetes
    7.5 Market Challenges
           7.5.1 Shortage of Healthcare Professionals in Diabetes Management
    7.6 Market Size
    7.7 Market Share

8 India: Diabetes Care Devices Market (Page No. - 52)
    8.1 Introduction
    8.2 Market Drivers
           8.2.1 Increasing Diabetic Population
           8.2.2 Life Style Changes Driving Prevalence of Diabetes Among Urban Population
           8.2.3 Growing Research on Diabetes and Its Management
    8.3 Market Restraints
           8.3.1 High Cost of Treatment and Devices
           8.3.2 Emerging Alternative Therapies
           8.3.3 Lack of Awareness
    8.4 Market Opportunities
           8.4.1 Huge Untapped Market Potential for Diabetes Care Devices
    8.5 Market Challenges
           8.5.1 Pricing Pressure Faced By Global Players
    8.6 Market Size
    8.7 Market Share

9 China: Diabetes Care Devices Market (Page No. - 61)
    9.1 Introduction
    9.2 Market Drivers
           9.2.1 Rising Diabetic Population
           9.2.2 Increasing Number of International Research Collaborations
           9.2.3 Expansion of Global Players and Growing Government Initiatives
    9.3 Market Restraints
           9.3.1 High Cost of Treatment and Devices
           9.3.2 Traditional Chinese Medicine as an Alternative
           9.3.3 Low Reimbursement for Diabetes Care Devices
    9.4 Market Opportunities
           9.4.1 Improved Primary Care Structure
    9.5 Market Challenges
           9.5.1 Nonadherence to International Standards and Gmps By Local Manufacturers
           9.5.2 Regulatory Scenario
    9.6 Market Size
    9.7 Market Share

10 Competitive Landscape (Page No. - 71)
     10.1 Competitive Situation and Trends
             10.1.1 Expansions
             10.1.2 Agreements, Partnerships, and Collaborations
             10.1.3 New Product Launches

11 Company Profiles (Page No. - 75)
(Business Overview, Products & Services, Key Insights, Recent Developments, MnM View)*
     11.1 Roche Diagnostics Limited
     11.2 Johnson & Johnson
     11.3 Abbott Laboratories
     11.4 Bayer AG
     11.5 Medtronic PLC
     11.6 Becton, Dickinson and Company
     11.7 Ypsomed AG
     11.8 Novo Nordisk A/S
     11.9 Arkray, Inc.
     11.10 Sanofi
     11.11 Acon Laboratories, Inc.
     11.12 Terumo Corporation
     11.13 Dexcom, Inc.

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 101)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Available Customizations
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Related Reports


List of Tables (33 Tables)

Table 1 Brazil: Average Selling Price of Diabetes Care Devices (USD/Unit)
Table 2 Russia: Average Selling Price of Diabetes Care Devices (USD/Unit)
Table 3 India: Average Selling Price of Diabetes Care Devices (USD/Unit)
Table 4 China: Average Selling Price of Diabetes Care Devices (USD/Unit)
Table 5 BRIC Blood Glucose Monitoring Devices Market Size, By Product, 2014 (USD Million)
Table 6 BRIC Insulin Delivery Devices Market Size, By Product, 2014 (USD Million)
Table 7 Market Shares of Players, 2014
Table 8 List of Some Noninvasive Glucose Meters
Table 9 Brazil: Market Size, By Product Type, 20132020 (USD Million)
Table 10 Brazil: Blood Glucose Monitoring Devices Market Size, By Product Type, 20132020 (USD Million)
Table 11 Brazil: Blood Glucose Monitoring Devices Market Size, By Product Type, 20132020 (Thousand Units)
Table 12 Brazil: Insulin Delivery Devices Market Size, By Product Type, 20132020 (USD Million)
Table 13 Brazil: Insulin Delivery Devices Market Size, By Product Type, 20132020 (Thousand Units)
Table 14 Russia: Diabetes Care Devices Market Size, By Product Type, 20132020 (USD Million)
Table 15 Russia: Blood Glucose Monitoring Devices Market Size, By Product Type, 20132020 (USD Million)
Table 16 Russia : Blood Glucose Monitoring Devices Market Size, By Product Type, 20132020 (Thousand Units)
Table 17 Russia: Insulin Delivery Devices Market Size, By Product Type, 20132020 (USD Million)
Table 18 Russia: Insulin Delivery Devices Market Size, By Product Type, 20132020 (Thousand Units)
Table 19 India: Diabetes Statistics (20092013)
Table 20 India: Market Size, By Product Type, 20132020 (USD Million)
Table 21 India: Blood Glucose Monitoring Devices Market Size, By Product Type, 20132020 (USD Million)
Table 22 India: Blood Glucose Monitoring Devices Market Size, By Product Type, 20132020 (Thousand Units)
Table 23 India: Insulin Delivery Devices Market Size, By Product Type, 20132020 (USD Million)
Table 24 India: Insulin Delivery Devices Market Size, By Product Type, 20132020 (Thousand Units)
Table 25 China: Diabetes Statistics (20092013)
Table 26 China: Diabetes Care Devices Market Size, By Product Type, 20132020 (USD Million)
Table 27 China: Blood Glucose Monitoring Devices Market Size, By Product Type, 20132020 (USD Million)
Table 28 China: Blood Glucose Monitoring Devices Market Size, By Product Type, 20132020 (Thousand Units)
Table 29 China: Insulin Delivery Devices Market Size, By Product Type, 20132020 (USD Million)
Table 30 China: Insulin Delivery Devices Market Size, By Product Type, 20132020 (Thousand Units)
Table 31 Expansions, 20122015
Table 32 Agreements, Partnerships, and Collaborations, 20122015
Table 33 New Product Launches, 20122015


List of Figures (37 Figures)

Figure 1 Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Diabetic Population Size, 2013 and 2035: Global vs BRIC
Figure 7 Testing Strips Hold Largest Share of Blood Glucose Monitoring Devices Market
Figure 8 Insulin Pens Dominate Insulin Delivery Devices Market
Figure 9 Rise in Diabetic Population, Increasing Obesity to Drive Market Growth
Figure 10 China Accounted for the Largest Share of the BRIC Blood Glucose Monitoring Devices Market
Figure 11 China Accounted for About Half of the Market in 2014
Figure 12 Diabetes Care Devices Market: Geographic Mix
Figure 13 India to Register Highest Growth in the Forecast Period
Figure 14 Growing Diabetes Care Market in India and Shift Towards Continuous Glucose Monitors
Figure 15 Blood Glucose Monitoring Devices Market, By Type, 2015 vs 2020
Figure 16 Brazil: Market Share Analysis, By Key Player, 2014
Figure 17 Russia: Aging Population Statistics (20112050)
Figure 18 Low Diabetes Diagnosis Rate: A Major Concern in Russia
Figure 19 Russia: Market Share Analysis, By Key Player, 2014
Figure 20 Continuous Glucose Monitors are Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 India Market Share Analysis, By Key Player, 2014
Figure 22 China Accounted for Nearly 1/4th of the Global Diabetic Population in 2013
Figure 23 Insulin Pumps Market to Grow at the Highest CAGR in the Forecast Period
Figure 24 China: Diabetes Care Devices Market Share Analysis, By Key Player, 2014
Figure 25 Companies Adopted Expansions and Agreements as Their Key Growth Strategies (2012-2015)
Figure 26 Battle for Market Share: Expansions Was the Key Strategy
Figure 27 Roche Diagnostics Limited: Company Snapshot
Figure 28 Johnson & Johnson: Company Snapshot
Figure 29 Abbott Laboratories: Company Snapshot
Figure 30 Bayer AG: Company Snapshot
Figure 31 Medtronic PLC: Company Snapshot
Figure 32 Becton, Dickinson and Company: Company Snapshot
Figure 33 Ypsomed AG: Company Snapshot
Figure 34 Novo Nordisk A/S: Company Snapshot
Figure 35 Sanofi: Company Snapshot
Figure 36 Terumo Corporation: Company Snapshot
Figure 37 Dexcom, Inc.: Company Snapshot

The BRIC diabetes care devices market is estimated to be valued at USD 1.7 Billion in 2015 and is poised to reach USD 2.3 Billion by 2020, growing at a CAGR of 6.3% during the forecast period. Increasing diabetic population, growing research on diabetes, and lifestyle changes (driving the prevalence of diabetes among urban population) are the main factors driving the growth of this market. Rising obese population associated with diabetes and increasing international collaborations are further expected to contribute to the growth of this market. On the other hand, high cost of devices, emergence of alternative therapies, disparity in reimbursement, and lack of awareness may restrict the growth of this market to a certain extent.

China dominated this market, with more than 50% share in 2014. Growth in this market is mainly driven by the increasing number of diabetic patients, increasing number of international research collaborations, government initiatives, and expansion of global players in the country. The diabetes care devices market in China is characterized by the presence of numerous local players offering various diabetes care devices for the domestic market. However, this market is expected to witness a sluggish growth rate as it remains highly penetrated. India, on the other hand, is expected to witness the highest growth rate during the forecast period. The rising diabetic population, rapid industrialization and urbanization, and growing research on diabetes and its management are the key factors propelling the growth of this market.

The BRIC diabetes care devices market is consolidated in nature, with the top four players occupying around 45 - 55% of the market share. Roche Diagnostics Ltd. (Switzerland), Johnson and Johnson (U.S.), Bayer AG (Germany), and Abbott Laboratories (U.S.) are the top four players in this market. These companies have been adopting strategies such as new product launches and collaborations and agreements to sustain and maintain their market shares in this market.

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