January 31, 2012 06:08 ET

Market Research Projects Diabetes Devices Market at $20 Billion by 2014

ROCKVILLE, MD--(Marketwire - Jan 31, 2012) - has announced the addition of the new report "Global Diabetes Devices Market 2010-2014," to their collection of Medical Devices market reports. For more information, visit

The report forecast the Global Diabetes Devices market to reach US$20.5 billion in 2014. 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.

Commenting on the report, healthcare analyst 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.

For more information, visit

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