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The Global Market for Diabetes Drugs and Devices is Booming: Expected to Attain a Market Size of USD 114.3 Billion by 2016
Date:11/1/2011

ALBANY, New York, November 1, 2011 /PRNewswire/ --

According to a new report published by Transparency Market Research (http://www.transparencymarketresearch.com), "Global Diabetes Market: Drugs & Devices (2011 - 2016)"The global market for Diabetes Management accounted for USD 41.9 billion in 2010 and is expected to attain a market size of USD 114.3 billion in 2016 following a growth rate of 18.2% CAGR.

Brows full report at http://www.transparencymarketresearch.com/diabetes-devices-market.html

Diabetes is one of the major areas of concern worldwide. The rising number of patients is due to the ever increasing population. Currently, over 275 million people suffer from diabetes across the globe. This population is expected to exceed 350 million by 2030. As per the present scenario, the population within the age bracket of 40-59 years is the most affected. However, this age bracket is expected to shift to the age-group 60-79 years by 2030.

The global market for Diabetes Management accounted for USD 41.9 billion in 2010 and is expected to attain a market size of USD 114.3 billion in 2016 following a growth rate of 18.2% CAGR. Major products in this market consist of glucose meters, test strips, lancets, continuous blood glucose meters, syringes, insulin, insulin pumps and other insulin delivery devices and anti-diabetic drugs. Of these, insulin, test strips, glucose monitors and anti-diabetic drugs are the most revenue generating products.

Among the different geographies across the globe, the U.S. forms the main source of revenue for this market contributing in excess of 1/3rdof the overall revenue. However, with the continuous economic growth
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SOURCE Transparency Market Research
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