Market Insights Health Medical Technology Medical Devices

Diabetes Care Devices - Iceland

Iceland

The Diabetes Care Devices market market in Iceland is anticipated to achieve a revenue of US$6.96m by 2024.
This projection indicates a steady growth rate of 14.30% per year (CAGR 2024-2029), leading to a market volume of US$13.58m by 2029.
It is worth noting that in a global comparison, the United States is expected to generate the highest revenue, amounting to US$11,710.00m in 2024.
In Iceland, the market for diabetes care devices is driven by a strong focus on technological innovation and a high demand for user-friendly and portable devices.

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

Market

Region

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Currency

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.