South Korea Diabetes Care Device Market Analysis


  • Type: Common Disease Area
  • Published : June 2021
  • Region: Asia
  • Country: South Korea
  • Report ID : 4866

  • Format: PPT, PDF

South Korea Diabetes Care Device Market: Segmented By Product (Blood Glucose Monitoring Devices [Self-Monitoring Blood Glucose Meters, Continuous Glucose Monitors, Testing Strips, Others], Insulin Delivery Devices [Insulin Pumps, Pen, Pen Needles, Syringes]), By End-User (Hospitals, Home Care Settings, Others) – Growth, Trends, and Forecasts (2019 – 2028)

SKU: 4866 Categories: ,

Report Overview

The South Korea Diabetes Care Device Market size stood at around USD xx billion in 2019 and is projected to reach xx billion by 2028, exhibiting a CAGR of more than 6.8% during the forecast period.

Diabetes is a metabolic disorder; it is a chronic condition which is associated with abnormally high levels of glucose in blood. Diabetes is one of the leading causes of several life-threatening diseases, such as heart disease, stroke, kidney disease and others. Major cause of morbidity and mortality in Korea is due to diabetes and its complications.

According to “Diabetes Fact Sheet In Korea 2020“released by Korean Diabetes Association, prevalence of diabetes among adults 30 years or older was 13.8% in 2018. About 3 out of 10 adults of age 65 and above in Korea have diabetes. The prevalence of diabetes in 2018 was 12.4% based on fasting plasma glucose.

Market Drivers

The rising incidences rate of diabetes due to the rapid urbanization and sedentary lifestyle are major factors contributing in growing demand of the market. Other factors responsible for growth of diabetes in Korea are age, obesity, smoking, decreased physical activity, and stress. With increasing obesity, especially in childhood, and improved longevity, the prevalence of diabetes is expected to dramatically increase more than estimated previously.

Technological advancements in the blood glucose monitoring devices and insulin delivery devices for safer and accurate use, as well as growth in the awareness related to diabetes treatment has further lifted the growth of market.


1. South Korea Diabetes Care Device Market Overview…………
A. Market Size
2. Market Growth Drivers………………………………………………………………….
A. Rapid Rise in Incidence Rate
B. Technological Advancements
C. Growing Awareness Related to Diabetes Treatment
3. Prevalence of Diabetes and Associated Comorbidities………………………
A. Obesity
B. Hypertension
C. Hypercholesteraemic
4. Diabetes Care Device Market Segmentation……………
A. Product Type
I. Blood Glucose Monitoring Devices
a. Self-Monitoring Blood Glucose Meters
b. Continuous Glucose Monitors
c. Testing Strips
d. Others
II. Insulin Delivery Devices
a. Insulin Pumps
b. Insulin Pens
c. Pen Needles
d. Syringes
B. End User
I. Hospitals
II. Home Care Settings
III. Others
5. Diabetes Care Device Major Products Market Share……………………….
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles………………………………………………………………….
A. Abbott Company Overview, Product & Services, Strategies & Financials
B. Johnson & Johnson Company Overview, Product & Services, Strategies & Financials
C. Roche Diagnostics Company Overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth……………………………………………………
A. New Trends and Development of Diabetes Care Device Market
B. Future Opportunities
10. Conclusion


Market Segmentation

By Product Type:

As per product type the market is segmented as blood glucose monitoring devices (self-monitoring blood glucose meters, continuous glucose monitors, testing strips, lancets) and Insulin Delivery Devices (insulin pumps, pen, pen needles, syringes)

Insulin delivery devices are witnessing various technological advancements for better and efficient delivery of insulin. Moreover, the demand for insulin pens among other insulin delivery devices is predicted to grow at a rapid pace owing to easy application, greater accuracy, and high convenience.


By End User:

According to type of end user the market is segmented as hospitals, home care and others. Growing chronic disease prevalence, especially diabetes, will increase the demand for diabetes care devices in hospitals.

There is an increase in adoption of blood sugar monitoring and insulin delivery devices in home care settings. Self-monitoring of blood sugar and control of blood glucose at home facilitates enhanced care and maintenance of diabetes with greater affordability.

Top Players

Various manufacturers are coming up with innovative products to sustain in the highly fragmented diabetes care devices market. Moreover, the easy regulatory approvals in the Asian countries has led to mid-sized companies enter the market and compete with the local and established players. Some of the major players are Abbott, Apex Biotechnology Corp., Arkray, Inc., B Braun Melsungen Ag, Becton Dickinson and Company, I-Sens, Inc., Johnson & Johnson, Osang Healthcare, Roche Diagnostic.


Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

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Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

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We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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