Diabetes Care Devices - China

  • China
  • The projected revenue in the Diabetes Care Devices market market in China is expected to reach US$3.40bn in 2024.
  • This indicates a promising growth potential for the market in the country.
  • Furthermore, there is an anticipated annual growth rate (CAGR 2024-2029) of 13.52%, which is expected to result in a market volume of US$6.41bn by 2029.
  • In comparison to other countries, it is worth noting that the United States is expected to generate the highest revenue in the market, with an estimated value of US$11,710.00m in 2024.
  • This exemplifies the significant market presence and potential of the United States in the Diabetes Care Devices market industry.
  • China's diabetes care devices market is experiencing rapid growth due to the country's increasing diabetic population and rising healthcare expenditure.

Key regions: Netherlands, Japan, France, Italy, China

 
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Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

Overview

  • Revenue
  • Global Comparison
  • Methodology
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