Brazil Diabetes Care Devices Market

Diabetes care devices are generally used to measure the glucose level in the diabetic patient’s body and aid the delivery of insulin into the patient’s body. There are basically two types of diabetes care devices: blood glucose monitoring device and insulin delivery device. The regular monitoring of diabetes helps in improving the outcomes and adjusting treatment in real-time. These devices are widely used in hospitals, clinics, and other clinical centers.

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The Brazil diabetes care devices market is becoming more mainstream thanks to the increasing awareness related to diabetes treatment and management and the growing government’s emphasis on enhancing the healthcare sector. According to the IDF report, the prevalence of diabetes in Brazil amounted to 11.4%, out of the total population. The total adult population in the country is 147,183,200, while the total number of diabetes cases in adults is approximately 16,780,800. Thus, the accelerating number of diabetes patients in Brazil is a major factor that is propelling the growth of the market in the coming years. The prevalence of diabetes has especially increased among women, older adults, and those individuals with less than high school education. People with diabetes have a lower frequency of risk behavior and higher frequency of protective behavior as compared to people without diabetes.

The Brazilian government is now focusing on supporting diabetes patients by increasing the budget dedicated to funding all aspects of diabetes care devices. Moreover, the government is also improving the availability and affordability both of essential medicines and supplies as well as innovative medicines and technologies. As per the Enforce Federal Law 1137/06, the government guarantees to provide distribution of essential medicines and supplies free of charge. In addition to this, the implementation of a national screening program, along with the education program for individuals with a high risk of diabetes and for healthcare professionals to ensure access to high-quality care devices, will further surge the demand for diabetes care devices in the country. Continuous technological advancements in the field of diabetes devices and the emerging trend of consuming junk food are certain other factors that are responsible for market growth. However, the negative impact caused by some of the diabetes care devices is likely to hamper the growth of the market in the coming years.

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On the basis of end-users, the home care settings segment is anticipated to dominate the market over the forecast period. The diabetes care devices are being increasingly used by diabetes patients at their homes as it is user-friendly and easily available at an affordable price range. The coronavirus pandemic has encouraged individuals to opt for diabetes care devices to monitor their glucose level at their homes rather than physically visiting clinics or hospitals for regular monitoring of their glucose level. This factor will have a positive impact on the growth of the segment.

On the basis of product type, the blood glucose monitoring device segment is projected to grow at a higher CAGR over the coming years. The accelerating demand for advanced diabetes care devices in the country is a major factor that is propelling the growth of the segment. The glucose monitoring devices provide accurate measurement of glucose level and give a warning in case the glucose level is too low or too high. On the other hand, the insulin delivery devices segment is anticipated to witness a higher CAGR during the forecast period. The accelerating adoption of insulin delivery devices, particularly among healthcare professionals and patients, is further boosting the segment growth.

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The Brazil Diabetes Care Devices market has been segmented on the basis of product type, end-user. Based on the product type, the market is segmented into blood glucose monitoring device and insulin delivery device. Based on the end-user, the market is segmented into homecare settings, hospitals, and others. The other segment is further segmented into clinics and ambulatory surgical centers.

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Key questions answered in this research report:

• • At what pace is Brazil Diabetes Care Devices market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Brazil Diabetes Care Devices market? What will be the impact of drivers and restraints in the future?
  • Which product type generated maximum revenues in 2019 and identify the most promising product types during the forecast period?
  • What are the various end user areas of Brazil Diabetes Care Devices market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Brazil Diabetes Care Devices market by Product Type

• • Blood Glucose Monitoring Device
  • Insulin Delivery Device

Brazil Diabetes Care Devices market by End-User

• • Hospitals
  • Homecare Setting
  • Others