Germany Diabetes Market Projected to Experience a CAGR of 5.92% from 2022 to 2028: Market Analysis and Outlook
The demand for Germany Diabetes Market is expected to increase due to the rising number of diabetic patients. Germany, known for its advanced healthcare facilities, is witnessing rapid adoption of technologies such as Insulin Pens, continuous glucose monitoring, and insulin infusion pumps. The country’s strict reimbursement and pricing policies drive the market and encourage the adoption of new and cutting-edge technologies. Market opportunities in the German diabetes care device market include the launch of innovative products, international research collaborations, advancements in technology, and increased awareness about diabetes among the population.
To cater to the growing demand for insulin cartridges, many insulin pen device manufacturers have developed reusable insulin pens that are compatible with various insulin manufacturers’ cartridges. These cartridges are socially friendly, compact, less conspicuous compared to traditional vial-and-syringe setups, and offer greater portability for consumers. Therefore, utilizing cartridges is a cost-effective approach, as reusable pens require only a one-time investment.
In July 2021, Germany inaugurated the “ESYSTA App & Portal – Digital Diabetes Management” developed by Emperra GmbH E-Health Technologies. This app specifically caters to patients with diabetes treated with insulin and allows them to import data from blood glucose meters and insulin pens, enabling the monitoring of blood glucose levels and therapy.
Germany has implemented government initiatives to improve diabetes care. The country has a dedicated insurance system for long-term care, and the Digital Healthcare Act enables doctors to prescribe apps. German law aims to cap out-of-pocket healthcare costs and cover all medically necessary treatments, including insulin drugs, for the public. Consequently, German diabetes patients have some of the lowest out-of-pocket expenses globally.
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The German Centre for Diabetes Research (DZD) is a national association that brings together specialists in diabetes research and promotes collaboration in basic and translational research, epidemiology, and medical applications. The DZD also offers a dedicated training program for early-career scientists and clinicians in the diabetes field.
The competitive landscape of the German diabetes market includes companies such as B. Braun Melsungen AG, Eli Lilly and Company, Terumo Corporation, Becton, Dickinson (BD), Novo Nordisk, Ypsomed AG, Medtronic, Insulet Corporation, Abbott Laboratories, DarioHealth Crop, Dexcom, Inc, Roche Diagnostic, and Tandem Diabetes Care. In April 2022, CamDiab, Abbott, and Ypsomed partnered to develop an integrated automated insulin delivery (AID) system focused on European countries, aiming to alleviate the burden on people with diabetes.
The market summary for the Germany Diabetes Market is categorized into devices, including CGM (Glucose Sensor Market & Forecast, CGM Transmitter Market & Forecast, CGM User, and CGM Reimbursement), SMBG (Test Strips Market and Forecast, Lancet Market and Forecast, Meter Market and Forecast, Blood Glucose (SMBG) Users and Blood Glucose Devices Reimbursement), Insulin Pen (Disposable Insulin Pen, Reusable Insulin Pen, Smart Insulin Pen, Insulin Pen Needle Market, Insulin Pen Users and Reimbursement Policies), and Insulin Pump (Insulin Pump Market, Insulin Pump User, Insulin Pump Products, and Reimbursement Policies). The report also provides insights from three viewpoints on the Germany Diabetes Market.
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