Brazil Diabetes Care Devices Market Size, Share | Industry Trends, Analysis (2022 - 27)
Market Overview:
The Brazil Diabetes Care Devices Market was worth USD 3.3 billion in 2021 and is predicted to be worth more than USD 4 billion by 2027, growing at a CAGR of more than 4.5% between 2022 and 2027.
The pandemic of COVID-19 has had a significant impact on the diabetes care equipment market. Diabetes is a chronic condition that necessitates self-management and care, including regular attention to food, physical activity, blood sugar monitoring, and prescription administration. Chronic disorders such as diabetes and obesity have a worse prognosis for COVID-19. Diabetics are twice more likely to have their comorbid diseases worsen and, as a result, die. The healthcare system must be better prepared for more severe instances of COVID-19, as studies show that poor glycemic control increases the likelihood of adverse outcomes in diabetes individuals infected with SARS-CoV-2.
The prevalence of diabetes in people hospitalised with COVID-19 infection, as well as the recognition that improved glycemic control may improve outcomes and reduce length of stay in COVID-19 patients, have highlighted the importance of diabetes care devices.
Scope Of The Report:
The report’s scope
Over the forecast period, the Brazil Diabetes Care Devices Market is expected to grow at a CAGR of more than 4.5%. Management Devices (Insulin Pumps, Insulin Syringes, Insulin Cartridges, Disposable Pens, and Jet Injectors) and Monitoring Devices comprise the Brazil Diabetes Care Devices Market (Self-monitoring Blood Glucose and Continuous Glucose Monitoring). The report provides the value (in USD million) for the aforementioned segments.
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