India Diabetes Devices Market Size

India Diabetes Devices Market Analysis

The India Diabetes Devices Market size is estimated at USD 2.20 billion in 2024, and is expected to reach USD 2.46 billion by 2029, growing at a CAGR of 2.28% during the forecast period (2024-2029).

According to the Article Published in 'THE HINDU' One in six people with diabetes in the world is from India. The numbers place the country among the top 10 countries for people with diabetes, coming in at number two with an estimated 80 million diabetics. Over half of the population in India is at risk of having diabetes at some time in their life, making the disease a significant public health problem. A rise in type 2 diabetes incidence is also being seen in India's rural areas.

High blood sugar levels are a hallmark of the metabolic disorder diabetes mellitus, also known as diabetes. Type 1 diabetes or insulin-dependent diabetes mellitus is caused by a complete lack of insulin. Type 2 diabetes mellitus is a condition where the body does not produce enough insulin, or the body cannot utilize the insulin it produces. Type 2 diabetes is said to be a lifestyle disease. The consumption of sugary sweets is a staple of Indian culture and an integral part of ancient traditions and religious festivals.

Diabetes care devices are devices used to monitor the glucose levels in the blood. The main types of diabetes care devices include glucose monitoring devices and management devices. Continuous glucose monitoring devices have become immensely popular due to the rise in technological innovations. India holds the second-largest market in the diabetes care devices market after China in the Asia-Pacific region, because of the increasing diabetes population in the country. The diabetes population in India is expected to reach 92 million by 2027.

Thus, owing to the above factors it is expected to drive the market growth over the forecast period.