GITNUX MARKETDATA REPORT 2024

Hyperglycemia Treatment Industry Statistics

The Hyperglycemia Treatment Industry is expected to experience steady growth due to increasing prevalence of diabetes and advancements in treatment options.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore key statistics and trends in the hyperglycemia treatment industry. From the global market value of diabetes care devices to regional market shares and projections for the future, these statistics shed light on the prevalence and impact of hyperglycemia worldwide.

Statistic 1

"The global diabetes care devices market was valued at approximately 17.06 billion USD in 2019."

Statistic 2

"Predicting a CAGR of approximately 6.37%, this market is expected to increase to about 23.5 billion USD by 2024."

Statistic 3

"North America accounted for over 36% of the global glucose monitoring devices market in 2020."

Statistic 4

"The global biosensors market, an integral part of hyperglycemia treatment, is estimated to reach 36.3 billion USD by 2027."

Statistic 5

"Among adults with diagnosed diabetes in the United States, 13.2% are smokers, linking smoking to hyperglycemia."

Statistic 6

"The continuous glucose monitoring (CGM) device market is expected to hit a EUR 4.9 billion valuation by 2024."

Statistic 7

"In China, almost 11% of all adults, or about 109.6 million people, have diabetes."

Statistic 8

"The global insulin market is projected to reach 36.6 billion USD by 2025."

Statistic 9

"Currently, about 10.5% of the US population, or around 34.2 million people, have diabetes."

Statistic 10

"In 2020, Europe held a 23% share of the global CGM market."

Statistic 11

"It is estimated that the prevalence of diabetes will rise by 48% globally, from 463 million people in 2019 to 700 million by 2045."

Statistic 12

"The global diabetes drugs market reached a value of 58.4 billion USD in 2020."

Statistic 13

"The global injectable drug market, predominantly insulin used in the treatment of hyperglycemia, is predicted to reach USD 807.9 billion by 2026."

Statistic 14

"The estimated health expenditure for diabetes in 2021 is $966 billion worldwide."

Statistic 15

"Asian-Americans are 60% more likely to have diabetes than non-Hispanic white Americans."

Statistic 16

"As per U.S. CDC, 1 in 3 American adults will have diabetes by 2050 if present current trends continue."

Statistic 17

"World Diabetes Day takes place on November 14 each year to increase awareness about the disease globally."

Statistic 18

"The number of people with diabetes in Africa is projected to increase by 143% from 2019 to 2045."

The statistics presented indicate a growing market and significant health challenges related to hyperglycemia worldwide. The increasing prevalence of diabetes, coupled with the expanding market for diabetes care devices, drugs, and treatments, highlights the urgent need for effective management and prevention strategies. Regions such as North America and Asia face particularly high rates of diabetes, emphasizing the importance of targeted interventions. The projected rise in diabetes cases globally calls for heightened awareness and proactive measures to address this growing public health concern.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

Can You Trust Our Report?

The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.

Learn more about our process here.