DIABETES CARE MARKET Challenges and Opportunities

One major challenge faced by the diabetes care market is the high cost associated with diabetes care devices. Prices of essential devices like blood glucose monitors, insulin pumps, and continuous glucose monitoring (CGM) systems have risen over the years. Many of these devices require ongoing consumables, such as test strips and sensors, which need frequent replacement. This financial burden can make advanced treatment options inaccessible for some patients, complicating optimal diabetes management.

Market Opportunity - Growing popularity of continuous glucose monitoring devices

One significant opportunity for growth in the diabetes care market is the increasing acceptance and demand for continuous glucose monitoring (CGM) devices. These systems provide near-real-time glucose readings without the need for finger pricks, enhancing convenience for users. The growing popularity of CGMs is driven by advancements in technology, including smaller sensors and longer wear times, which improve patient satisfaction and compliance.