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Follow on Google News | India Diabetes Management Devices Market Poised to Grow at over 9% until 2020 Says PharmaionIncreasing disease burden and growing technological advancements to drive diabetes management devices market in India
The market has been segmented into two broad categories, namely, diabetes monitoring devices and diabetes management delivery devices. Among these device types, diabetes monitoring devices segment is anticipated to continue its domination through 2020 on account of rising patient awareness regarding preventive health care and introduction of compact, potable and user-friendly monitoring devices. During 2015 - 2020, Southern region of India is expected to witness the highest growth on account of growing prevalence of diabetic cases and rising consumer awareness about using these devices in the region. “In April 2015, Indian Government approved 100% FDI, through automatic route, in medical devices market, which will allow the entry of foreign companies in diabetes management devices market. As a result, the competition between market players is anticipated to increase, which is expected to bring down the prices of these devices during the forecast period.” said Mr. Karan Chechi, Research Director with Pharmaion, a research based global pharmaceutical and healthcare consulting firm. “India Diabetes Management Devices Market Forecast & Opportunities, 2020” report has analyzed the potential of diabetes management devices market and provides statistics and information on market size, shares and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with major drivers, challenges and opportunities available in India diabetes management devices market. End
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