DIABETES CARE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Key Takeaways from Analyst
The diabetes care market is poised for strong growth driven by the rising global prevalence of diabetes. Growing obese and geriatric populations are major drivers contributing to the increased diabetes burden. Furthermore, affluent lifestyles and changing dietary patterns have heightened the risk of developing diabetes.
Reimbursement issues in some regions coupled with the economic slowdown due to the ongoing pandemic can hamper market growth to an extent. Privacy and data protection challenges pertaining to digital health solutions also act as a restraining factor.
North America is expected to dominate in the diabetes care industry supported by high healthcare expenditures and accessibility to advanced products. However, Asia Pacific is likely to emerge as the fastest growing region due to its huge diabetic population pool and increasing healthcare investments in major countries like China and India.
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