Market Size of United States Diabetes Devices Industry
| Study Period | 2019- 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 25.16 Billion |
| Market Size (2029) | USD 34.10 Billion |
| CAGR (2024 - 2029) | 6.27 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
US Diabetes Devices Market Analysis
The United States Diabetes Devices Market size is estimated at USD 25.16 billion in 2024, and is expected to reach USD 34.10 billion by 2029, growing at a CAGR of 6.27% during the forecast period (2024-2029).
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.
As of the most recent update in January 2022, diabetes remains a prominent health issue in the United States, impacting a considerable number of individuals. Approximately 34.2 million people, which accounts for 10.5% of the population, are living with diabetes. This figure encompasses both diagnosed and undiagnosed cases.
The majority of diabetes cases in the United States are classified as type 2 diabetes, making up around 90-95% of all diagnosed cases. Type 2 diabetes is closely associated with lifestyle factors such as obesity, physical inactivity, and poor dietary habits.
Although less prevalent, type 1 diabetes still affects a significant number of individuals, particularly children and young adults. It is estimated that approximately 1.6 million Americans have type 1 diabetes.
Thus due to increasing diabetes population in united states is driving the market in projected time frame.
