Published Date : Jan 23, 2017
ALBANY, NY, Jan 23, 2017: The new publication is titled, “United Kingdom Diabetes Care Devices Market Outlook To 2022 - Glucose Monitoring And Insulin Delivery.” The study probes into the growth prospects of the United Kingdom diabetes care devices market in the coming years and the trajectory of the last few years. The report further presents an evaluation on the pricing and other publicity and marketing strategies implemented by the leading market players. The changing dynamics and their impact on the growth of the market has also been analyzed in the report. The research report further highlights the procurements in the industry, institutional perspective on e-procurement, capital expenditure changes, supplier price variations, and the chief business priorities.
Diabetes is a state in which the human body is not able to use the glucose in the body which is the primary source of energy for the body cells. It has been estimated that almost a population of 642 million of the population across the world will eventually be affected from diabetes by the end of 2040. As a result of this, governments and public organizations are focusing on monitoring the prevalence of this disease and are taking required steps to avoid complications and keep the impact minimum.
The key drivers of the United Kingdom diabetes care devices market is the presence of compensation options for glucose meters and the rising number of diabetes cases. Basically, it has been noticed that many diabetes care devices need replacement in every six to eight month and are very expensive also. Therefore, many people select health insurance plans that cover the maximum sum of the overall money spent on healthcare devices. Another trend that is fostering the growth of the market is the improvement in the strategies implemented in online marketing.
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In order to progress the brand equity and intensify sales, companies are focusing on improving their promotional activities and online marketing strategies. Moreover, online channels have a low set-up cost and need incur low operational costs and have a user friendly interface. Thus, dealers and manufacturers of diabetes care devices are routing towards online retail platforms for a better market approach. Large number of diabetic patients, extensive R&D activities, preference toward diabetes diagnosis, and self-monitoring are the prime facets driving the market in the United Kingdom. Furthermore, exponential growth in the diabetic population during the forecast period and the rise in healthcare expenditure would also boost market growth.
The companies analyzed in the report are F. Hoffmann-La Roche Ltd., Bayer HealthCare AG, LifeScan Inc., Sanofi, Becton Dickinson and Co., Abbott Laboratories, and Medtronic Plc. among others.
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