Market Insights Health Medical Technology Medical Devices

Diabetes Care Devices - United Kingdom

United Kingdom

The projected revenue in the Diabetes Care Devices market market in the United Kingdom is expected to reach US$0.88bn in 2024.
This represents a significant growth opportunity for the country's healthcare sector.
Furthermore, it is anticipated that the revenue will continue to grow at an annual rate of 12.11% between 2024 and 2028, resulting in a market volume of US$1.39bn by 2028.
This steady growth reflects the increasing demand for Diabetes Care Devices market the in the United Kingdom.
In a global context, it is worth noting that the United States is projected to generate the highest revenue in the Diabetes Care Devices market market, with an estimated value of US$11,560.00m in 2024.
This underscores the dominance of the United States in the global market and highlights the potential for growth and investment in the healthcare industry.
The United Kingdom is witnessing a surge in demand for advanced diabetes care devices to cater to its aging population.

Key regions: United States, Spain, Germany, Europe, Japan

Market

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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.