According to Aracely McKay, writing for the Diabetic Investor:
The global diabetic care devices market is mainly driven by increasing technological advancements, increasing prevalence of diabetes, increasing aging population, increase in awareness of better diabetes management, and product innovation. The market was valued at $18.0 billion in 2013 and is expected to reach $25.3 billion by 2018, growing at a CAGR of 10% during the forecast period.
I’m having very mixed reactions.
Yes, of course, I want the best technology I can get to manage my diabetes.
On the other hand, do I really want my diabetes research dollars (which I work hard to raise) to go towards developing new devices that fund and expand private industry? Should they fund their own development $$ or at least give back a significant amount towards research from their profits, made possible by $$ raised for research.
Or do they give back? I just don’t know … what do you think?
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The global diabetic care devices market is mainly driven by increasing technological advancements, increasing prevalence of diabetes, increasing aging population, increase in awareness of better diabetes management, and product innovation. The market was valued at $18.0 billion in 2013 and is expected to reach $25.3 billion by 2018, growing at a CAGR of 10% during the forecast period.
