UNITED STATES DIABETES DEVICES MARKET Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The United States diabetes devices market is segmented by management devices (insulin pumps, insulin syringes, cartridges in reusable pens, insulin disposable pens, and jet injectors) and monitoring devices (self-monitoring blood glucose and continuous glucose monitoring). The report offers the value (in USD million) and volume (in units million) for the above segments.

United States Diabetes Devices Market Size

United States Diabetes Devices Market Summary
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Study Period 2017- 2028
Base Year For Estimation 2022
Forecast Data Period 2023 - 2028
Market Size (2023) USD 23.68 Billion
Market Size (2028) USD 32.09 Billion
CAGR (2023 - 2028) 6.27 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Need a report that reflects how COVID-19 has impacted this market and its growth?

United States Diabetes Devices Market Analysis

The United States Diabetes Devices Market size is expected to grow from USD 24 billion in 2023 to USD 32.09 billion by 2028, at a CAGR of 6.27% during the forecast period (2023-2028).

Since the start of the epidemic, the United States has recorded 79 million cases of COVID-19. Over 960,000 people have died in the United States because of COVID-19. The average number of new COVID-19 cases per day has decreased to 40,000, approximately 30,000 less than it was a week ago, according to CDC data. In January 2021, after the FDA had authorized COVID-19 vaccines for emergency use the month before, people in the U.S. began to be vaccinated. By March, the daily number of new infections had steeply declined, and April through June saw those numbers go down even further. But by July, the arrival and spread of the delta coronavirus variant sparked another surge in cases of COVID-19.

Diabetes is associated with many health complications. Comparing the population with and without diabetes, those with diabetes have a 300% increased risk of being hospitalized and, thus, incur more healthcare expenses compared to non-diabetic people. People with diabetes face a higher chance of experiencing serious complications from COVID-19. Doctors and the government are asking diabetes patients to check their glucose levels continuously. In general, people with diabetes are more likely to experience severe symptoms and complications when infected with a virus. According to the AACE (American Association of Clinical Endocrinologists), recent studies have shown that of those hospitalized for severe disease, 22.2-26.9% reported living with diabetes. Diabetes and high glucose levels are associated with increased complications, respiratory failure, and mortality in hospitalized patients with coronavirus.

The pandemic also highlighted opportunities for continuing and expanding innovations in the delivery of diabetes care, through virtual consultations between healthcare providers and people with diabetes, and the use of diabetes technology. Crisis management has created unprecedented interest in remote care from both patients and providers and removed many long-standing regulatory barriers. Thus, the COVID-19 outbreak increased the diabetes care device market's growth.

United States Diabetes Devices Market Trends

Growing Diabetes and Obesity Population in the United States

In the United States, the prevalence of diabetes has increased dramatically during the last two decades, a fact driven by the increased prevalence of obesity and lifestyle changes. Diabetes ranks among the fastest-growing chronic diseases in the United States. About 1.75 million US citizens are diagnosed with diabetes every year. The country also has the highest obesity population, which is a prominent cause of type-2 diabetes.

In the United States, several innovations by startups, like Glooko, OneDrop, Verily, Vacate, Insulet, Noom, Bigfoot Biomedical, Virta Health, Diabeloop, and Orgenesis, have launched in the market. The market for diabetes care devices is expected to experience steady growth in the coming years due to the greater prevalence of obesity due to less physical activity, unhealthy food habits, and other lifestyle factors. The growing awareness among people regarding advanced diabetes devices is improving their adaptability to diabetes devices. Leading manufacturers are focusing on technological innovations and the development of advanced products to gain a substantial share of the market. There has been a significant rise in insulin delivery system technology, ranging from insulin injections to insulin pumps. Technological innovations and advancements offer many conveniences for measuring blood glucose levels. Abbott and Dexcom received FDA approval to use continuous glucose monitoring in US hospitals for coronavirus-affected people. Dexcom began shipping CGMs to hospitals in April 2020. It plans to make 100,000 sensors for hospitals at low costs. The company has been planning to donate 10,000 phones and CGM readers to hospitals to scan those sensors.

Therefore, owing to the increasing prevalence of diabetes, the studied market is anticipated to witness growth over the analysis period.

United States Diabetes Devices Market , Type-1 Diabetes Population in million, United States, 2017-2022

Continuous Glucose Monitoring Segment is Expected to Witness Highest Growth Rate Over the Forecast Period

The continuous glucose monitoring segment recorded more than USD 2 billion in revenue in the current year, which is expected to further increase with a CAGR of more than 9% during the forecast period.

Continuous glucose monitoring sensors use glucose oxidase to detect blood sugar levels. Glucose oxidase converts glucose to hydrogen peroxidase, which reacts with the platinum inside the sensor, producing an electrical signal to be communicated to the transmitter. Sensors are the most important part of continuous glucose monitoring devices. Technological advancements to improve the accuracy of the sensors are expected to drive segment growth during the forecast period.

The COVID-19 pandemic emphasized the need for good glycemic control in patients with diabetes, in large part because most observational studies have reported that poorly controlled diabetes is associated with a higher risk of hospitalization and death from a viral illness. The frequency of monitoring glucose levels depends on the type of diabetes, which varies from patient to patient. Type-1 diabetic patients need to check their blood glucose levels at regular intervals to monitor their blood glucose levels and adjust their insulin dosing accordingly. The current CGM devices show a detailed representation of blood glucose patterns and tendencies compared to a routine check of glucose levels at set intervals. Furthermore, the current continuous glucose monitoring devices can either retrospectively display the trends in the levels of blood glucose by downloading the data or give a real-time picture of glucose levels through receiver displays.

The use of CGM by type-1 diabetic patients is very low as compared to type-2 diabetic patients. However, type-1 diabetic patients spend nearly twice as much on these devices as type-2 diabetics do. The newest CGM models, the Abbott Freestyle Libre and the Dexcom G6, overcame many technical barriers. However, people with type-2 diabetes have not used CGM as widely as they might due to their high costs and uncertainties regarding their necessity and efficacy. Moreover, to lower the cost burden of diabetic patients in the United States, Abbott introduced a new, lower-priced category with Libre, at around USD 75 to USD 150 each month (2 sensors that last 14 days each). Continuous glucose monitoring devices are becoming cheaper with the advent of new technologies like cell phone integration, which is likely to drive segment growth during the forecast period.

United States Diabetes Devices Market, Volume CAGR (in %), By Device, 2023-2028

United States Diabetes Devices Industry Overview

The United States diabetes care devices market is moderately fragmented, with few significant and generic players. The mergers and acquisitions between the players, like the acquisition of TypeZero Technologies by Dexcom, are paving the way for automated insulin delivery. The acquisition has sent Dexcom ahead on its way in the race to create an artificial pancreas system, rather than merely offering a boost to the continuous glucose monitoring devices market. There have been constant innovations driven by manufacturers such as Abbott and Medtronic, while also adhering to organic growth strategies, which is evident from the R&D spending of these companies.

United States Diabetes Devices Market Leaders

  1. Abbott

  2. Dexcom

  3. Becton Dickinson

  4. Medtronic

  5. F. Hoffmann-La Roche AG

*Disclaimer: Major Players sorted in no particular order

United States Diabetes Devices Market Concentration

United States Diabetes Devices Market News

  • March 2022: Dexcom released G7 first in the U.K. and was expected to expand the launch across Europe throughout 2022. Meanwhile, the CGM system currently is under review by the Food and Drug Administration for an eventual U.S. release.
  • January 2022: Boston-based Insulet Corp. announced that the FDA had cleared the new Omnipod 5 system, marking the company’s entry into the automated insulin delivery (AID) universe.

US Diabetes Devices Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Monitoring Devices

      1. 5.1.1 Self-monitoring Blood Glucose

        1. 5.1.1.1 Glucometer Devices

        2. 5.1.1.2 Blood Glucose Test Strips

        3. 5.1.1.3 Lancets

      2. 5.1.2 Continuous Glucose Monitoring

        1. 5.1.2.1 Sensors

        2. 5.1.2.2 Durables

    2. 5.2 Management Devices

      1. 5.2.1 Insulin Pump

        1. 5.2.1.1 Insulin Pump Device

        2. 5.2.1.2 Insulin Pump Reservoir

        3. 5.2.1.3 Infusion Set

      2. 5.2.2 Insulin Syringes

      3. 5.2.3 Cartridges in Reusable pens

      4. 5.2.4 Insulin Disposable Pens

      5. 5.2.5 Jet Injectors

  6. 6. MARKET INDICATORS

    1. 6.1 Type-1 Diabetes Population

    2. 6.2 Type-2 Diabetes Population

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 COMPANY PROFILES

      1. 7.1.1 Becton and Dickenson

      2. 7.1.2 Medtronic

      3. 7.1.3 F. Hoffmann-La Roche AG

      4. 7.1.4 Insulet Corporation

      5. 7.1.5 Abbott

      6. 7.1.6 Dexcom

      7. 7.1.7 Tandem

      8. 7.1.8 Johnson & Johnson

      9. 7.1.9 Ypsomed Holding

      10. 7.1.10 Novo Nordisk

      11. 7.1.11 Sanofi

      12. 7.1.12 Eli Lilly and Company

    2. *List Not Exhaustive
    3. 7.2 COMPANY SHARE ANALYSIS

      1. 7.2.1 Self-monitoring Blood Glucose Devices

        1. 7.2.1.1 Abbott

        2. 7.2.1.2 F. Hoffmann-La Roche AG

        3. 7.2.1.3 LifeScan

        4. 7.2.1.4 Other Self-monitoring Blood Glucose Devices

      2. 7.2.2 Continuous Glucose Monitoring Devices

        1. 7.2.2.1 Dexcom

        2. 7.2.2.2 Medtronic

        3. 7.2.2.3 Abbott

        4. 7.2.2.4 Other Continuous Glucose Monitoring Devices

      3. 7.2.3 Insulin Devices

        1. 7.2.3.1 Omnipod

        2. 7.2.3.2 Novo Nordisk

        3. 7.2.3.3 Johnson & Johnson

        4. 7.2.3.4 Other Insulin Devices

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

United States Diabetes Devices Industry Segmentation

Patients with diabetes can monitor and control their blood glucose levels with the aid of diabetes devices. Diabetes patients' health can be dramatically improved by using diabetes devices. The United States diabetes device market is segmented into management devices (insulin pumps, insulin syringes, cartridges in reusable pens, insulin disposable pens, and jet injectors) and monitoring devices (self-monitoring blood glucose and continuous glucose monitoring). The report offers the value (in USD million) and volume (in units million) for the above segments.

Monitoring Devices
Self-monitoring Blood Glucose
Glucometer Devices
Blood Glucose Test Strips
Lancets
Continuous Glucose Monitoring
Sensors
Durables
Management Devices
Insulin Pump
Insulin Pump Device
Insulin Pump Reservoir
Infusion Set
Insulin Syringes
Cartridges in Reusable pens
Insulin Disposable Pens
Jet Injectors

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US Diabetes Devices Market Research FAQs

The United States Diabetes Devices Market size is expected to reach USD 23.68 billion in 2023 and grow at a CAGR of 6.27% to reach USD 32.09 billion by 2028.

In 2023, the United States Diabetes Devices Market size is expected to reach USD 23.68 billion.

Abbott, Dexcom, Becton Dickinson, Medtronic and F. Hoffmann-La Roche AG are the major companies operating in the United States Diabetes Devices Market.

United States Diabetes Devices Industry Report

Statistics for the 2023 United States Diabetes Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Diabetes Devices analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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