United Kingdom (UK) Diabetes Care Devices Market Size Study Reveals Growth Factors and Competitive Outlook for Future Forecast 2022-2031

The UK diabetes care devices market is expected to record a CAGR of over 8% during the forecast period, due to the growing prevalence of diabetes, obesity, unhealthy diet, and increasing levels of physical inactivity. It is estimated that almost 3.7 million people are suffering from diabetes in the United Kingdom. There is also a concern that diabetes may be occurring at a greater frequency in youth and in young adults, due to the current lifestyle. Thus, this is increasing the adoption of blood glucose monitoring devices, which may ultimately drive the market studied.

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Key Market Trends

The Monitoring Devices Segment Occupied the Highest Market Share in 2019

Monitoring devices include self-monitoring blood glucose devices (SMBG) and continuous glucose monitoring devices (CGM), where SMBG devices had the highest share in 2019, with a revenue of USD 0.3 billion. The frequency of monitoring glucose levels depends on the type of diabetes, which varies from patient to patient. Type-1 diabetic patients need to check their blood glucose levels at regular intervals, in order to monitor their blood glucose levels and adjust the insulin dosing accordingly. Therefore, if a patient performs 5-6 tests in a day, the average expenditure on test strips may be more than USD 100/month. These expenses add to the already high costs of diabetes management, and they are impeding market growth. The current CGM devices show a detailed representation of blood glucose patterns and tendencies compared to a routine check of glucose levels at set intervals.

Insulin Pens Occupied the Highest Share in the Management Devices Segment in 2019

Insulin pens are the most widely used devices for the administration of insulin in Europe, especially in the United Kingdom. This sub-segment occupies more than 48% of the share in the management devices segment and around 13.7% of share in the overall diabetes care devices market. The administration of insulin through insulin pens ensures an accurate dose of injections, as insulin syringes may not administer precise insulin doses.

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