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 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. There are mainly two types of diabetes care devices, namely, blood glucose
monitoring devices and insulin delivery devices. The BRIC diabetes care devices market is
largely driven by the increasing number of diabetics across BRIC countries, growing research on
diabetes, and increasing international research collaborations. The rising obese population and
rapid industrialization and urbanization are further expected to contribute to the growth of this
market. However, high cost of diabetes care devices, disparity in reimbursement, availability of
alternative treatments, and lack of awareness inhibit the growth of this market.
In this report, the BRIC diabetes care devices market has been segmented by type into blood
glucose monitoring devices and insulin delivery devices. The blood glucose monitoring devices
segment is further classified into testing strips, self-monitoring blood glucose meters, lancets,
continuous glucose monitors, and others; while, the insulin drug delivery devices segment is
subsegmented into insulin syringes, insulin pens, insulin pumps, and insulin jet injectors.
The BRIC diabetes care devices market has witnessed strong growth in the past few years, and is
further expected to grow at an approximate CAGR of 6.3% during the forecast period. Rising
diabetic population in BRIC countries and growing adoption of diabetes care devices for
management of diabetes and its complications by patients and healthcare professionals will propel
the growth of the BRIC diabetes care...