Research and Markets: New Report Forecasts the Global Diabetes Devices Market to Reach US$20.5 Billion In 2014

DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/d08f19/global_diabetes_de) has announced the addition of the "Global Diabetes Devices Market 2010-2014" report to their offering.

One of the key factors contributing to this market growth is the global increase in the diabetic population. The Global Diabetes Devices market has also been witnessing the latest insulin delivery systems. However, the process of registration of medical devices could be a challenge to the growth of this market.

Key vendors dominating this market space include Roche Diagnostics, LifeScan Inc., Novo Nordisk Inc. and Bayer Diabetes Care.

The report aids decision makers' understanding of the key trends impacting the growth of this market.

Commenting on the report, an analyst from TechNavio's Healthcare team said, The increasing demand for non-invasive devices is leading to the development of new technologies in the Global Diabetes Devices market. The devices that are currently in development use sweat, exhaled breath or a fluorescent signal to measure a patient's blood glucose level, eliminating the painful process of piercing the skin to collect a blood sample for measurement with the current devices. With the application of new technologies, these devices are expected to be more efficacious and reduce errors compared to the currently marketed products.

According to the report, previously the prices of the diabetes devices were high and were not affordable by the low- and middle-income population. But lately, due to the emergence of modern devices, the prices have reduced up to 50-60 percent, and many patients are now able to afford them, which has driven the market significantly. This driver is expected to have a strong impact on the market.

The report also discusses challenges with accuracy variations over time.

The study was carried out using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.

For more information visit http://www.researchandmarkets.com/research/d08f19/global_diabetes_de