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India Diabetes Devices Market Size (2024 - 2029)

The India Diabetes Care Devices Market is poised for growth, driven by the increasing prevalence of diabetes in the country, which ranks second globally. This market's expansion is influenced by the rising incidence of type 2 diabetes, particularly in rural areas, and the growing demand for advanced glucose monitoring and management devices. Technological innovations, especially in continuous glucose monitoring, are contributing to the market's development. As a result, India is expected to maintain its position as a leading market in the Asia-Pacific region, following China, due to its significant diabetic population.

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Market Size of India Diabetes Devices Industry

India Diabetes Devices Market Summary
Study Period 2018 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 2.20 Billion
Market Size (2029) USD 2.46 Billion
CAGR (2024 - 2029) 2.28 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

India Diabetes Devices Market Analysis

The India Diabetes Devices Market size is estimated at USD 2.20 billion in 2024, and is expected to reach USD 2.46 billion by 2029, growing at a CAGR of 2.28% during the forecast period (2024-2029).

According to the Article Published in 'THE HINDU' One in six people with diabetes in the world is from India. The numbers place the country among the top 10 countries for people with diabetes, coming in at number two with an estimated 80 million diabetics. Over half of the population in India is at risk of having diabetes at some time in their life, making the disease a significant public health problem. A rise in type 2 diabetes incidence is also being seen in India's rural areas.

High blood sugar levels are a hallmark of the metabolic disorder diabetes mellitus, also known as diabetes. Type 1 diabetes or insulin-dependent diabetes mellitus is caused by a complete lack of insulin. Type 2 diabetes mellitus is a condition where the body does not produce enough insulin, or the body cannot utilize the insulin it produces. Type 2 diabetes is said to be a lifestyle disease. The consumption of sugary sweets is a staple of Indian culture and an integral part of ancient traditions and religious festivals.

Diabetes care devices are devices used to monitor the glucose levels in the blood. The main types of diabetes care devices include glucose monitoring devices and management devices. Continuous glucose monitoring devices have become immensely popular due to the rise in technological innovations. India holds the second-largest market in the diabetes care devices market after China in the Asia-Pacific region, because of the increasing diabetes population in the country. The diabetes population in India is expected to reach 92 million by 2027.

Thus, owing to the above factors it is expected to drive the market growth over the forecast period.

India Diabetes Devices Industry Segmentation

Diabetes devices help monitor and manage blood glucose levels. Diabetes patients using diabetes devices can significantly improve their health. The Indian diabetes care device market is segmented into monitoring devices and management devices. The report offers the value (in USD) and volume (in units) for the above segments.

Monitoring Devices
Self-monitoring Blood Glucose Devices
Glucometer Devices
Test Strips
Lancets
Continuous Blood Glucose Monitoring
Sensors
Durables
Management Devices
Insulin Pump
Insulin Pump Device
Insulin Pump Reservoir
Infusion Set
Insulin Syringes
Insulin Cartridges
Disposable Pens
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India Diabetes Devices Market Size Summary

The India diabetes care devices market is poised for steady growth, driven by the increasing prevalence of diabetes in the country, which ranks second globally in terms of diabetic population. The market is characterized by a rising demand for glucose monitoring and management devices, particularly continuous glucose monitoring systems, due to technological advancements. The significant portion of the population at risk of diabetes, coupled with lifestyle factors such as dietary habits and sedentary work culture, contributes to the expanding market landscape. The awareness and adoption of self-monitoring blood glucose devices are on the rise, further propelling market growth. The market is dominated by a few key players in the continuous glucose monitoring segment, while the self-monitoring blood glucose market sees a higher number of local and international competitors.

The Indian government's initiatives to combat non-communicable diseases, including diabetes, through programs like the National Program for Prevention and Control of Cancer, Diabetes, Cardiovascular Diseases, and Stroke, underscore the public health significance of diabetes care. The market is expected to benefit from these health policies, alongside the introduction of innovative products such as insulin syringes and advanced insulin pump systems by major players like Medtronic and Terumo India. As the diabetes population continues to grow, the market for diabetes care devices in India is anticipated to expand, supported by both technological advancements and increased health awareness.

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India Diabetes Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Buyers/Consumers

      2. 1.4.2 Bargaining Power of Suppliers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Monitoring Devices

      1. 2.1.1 Self-monitoring Blood Glucose Devices

        1. 2.1.1.1 Glucometer Devices

        2. 2.1.1.2 Test Strips

        3. 2.1.1.3 Lancets

      2. 2.1.2 Continuous Blood Glucose Monitoring

        1. 2.1.2.1 Sensors

        2. 2.1.2.2 Durables

    2. 2.2 Management Devices

      1. 2.2.1 Insulin Pump

        1. 2.2.1.1 Insulin Pump Device

        2. 2.2.1.2 Insulin Pump Reservoir

        3. 2.2.1.3 Infusion Set

      2. 2.2.2 Insulin Syringes

      3. 2.2.3 Insulin Cartridges

      4. 2.2.4 Disposable Pens

India Diabetes Devices Market Size FAQs

The India Diabetes Devices Market size is expected to reach USD 2.20 billion in 2024 and grow at a CAGR of 2.28% to reach USD 2.46 billion by 2029.

In 2024, the India Diabetes Devices Market size is expected to reach USD 2.20 billion.

India Diabetes Devices Market Report Snapshots

India Diabetes Care Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)