China Diabetes Devices Market Forecast Report by Types (Self-Monitoring Devices, Continuous Glucose-Monitoring Devices, Insulin Pumps, Insulin Pens), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Diabetes Clinics/Centers, Online Pharmacies) and Company Analysis 2024-2032
Buy NowChina Diabetes Device Market Size
China Diabetes Device Market is expected to reach US$ 6.22 Billion in 2023 to US$ 12.74 Billion by 2032, with a CAGR of 8.30 % from 2024 to 2032. Recent decades have seen a sharp increase in the prevalence of diabetes in China, which presents a serious public health concern for the country. The main causes of this increase in diabetes cases include sedentary lifestyles, fast urbanization, poor eating habits, and aging populations.
China Diabetes Device Market Overview
The International Diabetes Federation 10th edition 2021 projects that between 2021 and 2030, there would be a 164.07 million increases in the number of Chinese adults living with diabetes, up from 140.87 million. By 2045, this is predicted to increase to 174.43 million.
The need for cutting-edge gadgets like glucose meters, insulin pumps, and continuous glucose monitoring systems is rising due to the rising trend of diabetes. The market is growing because of the growing need for these devices, which is also driving innovation and the availability of diabetes management solutions that can enhance patient outcomes and quality of life.
Due in large part to the growing opportunity for growth presented by this rising demand for cutting-edge equipment, both domestic and foreign market participants are becoming more active in an effort to increase their market share in the nation.
For example, Trinity Biotech and Bayer signed a non-binding Letter of Intent in January 2024 to introduce a CGM biosensor device in China. The partnership seeks to address China's rising diabetes incidence by expanding access to CGM technology and offering doctors and patients cutting-edge, data-driven healthcare options. It is anticipated that these market payer measures will boost the number of cutting-edge devices available on the market, propelling market expansion.
| Report Features | Details |
|
Base Year |
2023 |
|
Forecast Years |
2024 - 2032 |
|
Historical Years |
2019 - 2023 |
|
Market Size in 2023 |
US$ 6.22 Billion |
|
Market Forecast in 2032 |
US$ 12.74 Billion |
|
Market Growth Rate (2024-2032) |
8.30% |
Growth Drivers for the China Diabetes Device Market
China's Population with Type 1 Diabetes Is Growing
One in ten Chinese people are estimated to have diabetes, and millions more cases are reported annually in the 21st century. However, because there are so many cases that go undiagnosed, it is difficult to determine the prevalence with accuracy. According to reports, China now has more people with diabetes worldwide than India did. The illness is more common in cities, where rates are rising due to factors like traditional eating habits eroding and fast economic expansion. An aging population, rising living standards, and urbanization are the main causes of this increase.
The National Health Commission (NHC) has taken action in response to the current health crisis by lowering medical expenditures for people with diabetes and hypertension and covering more than half of their prescription drug prices. Furthermore, more hospitals are being encouraged to build National Metabolic Management Centers (MMCs), which investigate cutting-edge diabetic treatment models, by the National Metabolic Disease Clinical Research Center. These MMCs have already served over 200,000 patients in the last two years, according to NHC data, demonstrating China's dedication to tackling diabetes management and enhancing patient care.
Government initiatives are highly significant
Through strong regulations and financial support, government actions in China are essential to the advancement of diabetes care. By lowering the cost of medications, the National Health Commission has made diabetes control a priority and increased patient access to therapies. The adoption of cutting-edge diabetes devices and technologies is facilitated by improved healthcare infrastructure, which includes the creation of National Metabolic Management Centers. These facilities support diabetes treatment research and innovation in addition to offering comprehensive care. Patients gain from better management options as a result, which propels the market for diabetes devices and guarantees superior health outcomes for the general public.
China Diabetes Device Company Analysis
The major participants in the China Diabetes Device market includes Roche, Abbott Laboratories, Novo Nordisk A/S, BD, Medtronic, Eli Lilly, Sanofi.
China Diabetes Device Company News
In June 2024, The National Medical Products Administration (NMPA) of China has approved Novo Nordisk's type 2 diabetic medication, Ozempic (semaglutide). The medication, a GLP-1 receptor agonist, has shown promise in regulating blood sugar levels and promoting weight loss.
In June 2023, China's NMPA approved AstraZeneca's Xigduo XR, a once-daily fixed-dose combination of metformin extended-release and SGLT2 inhibitor dapagliflozin, for the treatment of individuals with type 2 diabetes. With this approval, a novel medication is made available to tackle the large unmet demand in this patient population for convenient, efficient medicines that can lower problems and increase adherence.
Types- Industry is divided into 4 viewpoints:
- Self-Monitoring Devices
- Continuous Glucose-Monitoring Devices
- Insulin Pumps
- Insulin Pens
Distribution Channel- Industry is divided into 4 viewpoints:
- Hospital Pharmacies
- Retail Pharmacies
- Diabetes Clinics/Centers
- Online Pharmacies
All companies have been covered with 5 Viewpoints
- Overviews
- Key Person
- Recent Developments & Strategies
- Product Portfolio & Product Launch in Last 1 Year
- Revenue
Company Analysis
- Roche
- Abbott Laboratories
- Novo Nordisk A/S
- BD
- Medtronic
- Eli Lilly
- Sanofi
Report Details:
| Report Features | Details |
| Base Year |
2023 |
| Historical Period |
2019 - 2023 |
| Forecast Period |
2024 - 2032 |
| Market |
US$ Billion |
| Segment Covered | Types and Distribution Channel |
| Companies Covered |
|
| Customization Scope |
20% Free Customization |
| Post-Sale Analyst Support |
1 Year (52 Weeks) |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
Customization Services available
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1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. China Diabetes Devices Market
6. China Diabetes Population
6.1 Type 1 Diabetes
6.2 Type 2 Diabetes
7. Market Share Analysis
7.1 By Types
7.2 By Distribution Channel
8. Types
8.1 Self-Monitoring Devices
8.1.1 Test Strips
8.1.2 Lancets
8.1.3 Blood Glucose Meters
8.2 Continuous Glucose-Monitoring Devices
8.2.1 Sensors
8.2.2 Transmitter
8.2.3 Receiver
8.3 Insulin Pumps
8.3.1 Patch Pumps
8.3.2 Tethered Pumps
8.3.3 Consumables
8.4 Insulin Pens
8.4.1 Disposable Insulin Pen
8.4.2 Reusable Insulin Pen
9. Distribution Channel
9.1 Hospital Pharmacies
9.2 Retail Pharmacies
9.3 Diabetes Clinics/Centers
9.4 Online Pharmacies
10. Porters Five Forces
10.1 Bargaining Power of Buyer
10.2 Bargaining Power of Supplier
10.3 Threat of New Entrants
10.4 Rivalry among Existing Competitors
10.5 Threat of Substitute Products
11. SWOT Analysis
11.1 Strengths
11.2 Weaknesses
11.3 Opportunities
11.4 Threats
12. Reimbursement Policies
12.1 CGM Devices in China
12.2 Blood Glucose Devices in China
12.3 Insulin Pump Products in China
12.4 Insulin Pen in China
13. Key Players Analysis
13.1 Roche
13.1.1 Overviews
13.1.2 Key Person
13.1.3 Recent Developments & Strategies
13.1.4 Product Portfolio & Product Launch in Last 1 Year
13.1.5 Revenue
13.2 Abbott Laboratories
13.2.1 Overviews
13.2.2 Key Person
13.2.3 Recent Developments & Strategies
13.2.4 Product Portfolio & Product Launch in Last 1 Year
13.2.5 Revenue
13.3 Novo Nordisk A/S
13.3.1 Overviews
13.3.2 Key Person
13.3.3 Recent Developments & Strategies
13.3.4 Product Portfolio & Product Launch in Last 1 Year
13.3.5 Revenue
13.4 BD
13.4.1 Overviews
13.4.2 Key Person
13.4.3 Recent Developments & Strategies
13.4.4 Product Portfolio & Product Launch in Last 1 Year
13.4.5 Revenue
13.5 Medtronic
13.5.1 Overviews
13.5.2 Key Person
13.5.3 Recent Developments & Strategies
13.5.4 Product Portfolio & Product Launch in Last 1 Year
13.5.5 Revenue
13.6 Eli Lilly
13.6.1 Overviews
13.6.2 Key Person
13.6.3 Recent Developments & Strategies
13.6.4 Product Portfolio & Product Launch in Last 1 Year
13.6.5 Revenue
13.7 Sanofi
13.7.1 Overviews
13.7.2 Key Person
13.7.3 Recent Developments & Strategies
13.7.4 Product Portfolio & Product Launch in Last 1 Year
13.7.5 Revenue
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