The road to technological innovation of diabetes medical equipment

UBM TechInsights and Espicom jointly disclosed the pattern and development trend of diabetes treatment equipment market, technology and intellectual property.

UBM TechInsights technology consulting company and Espicom business intelligence company jointly released the first analysis report in the diabetes medical device industry that combines market and intellectual property rights. The report includes the latest market forecast; detailed market trends and product trends. Opportunities and challenges; and an analysis of 5,900 diabetes device patents.

Many developed and developing countries have raised the issue of increasing prevalence of diabetes. In the vast majority of developed countries, diabetes is the fifth-highest mortality disease, and its morbidity is also rising in developing countries. According to data released by the International Diabetes Federation (IDF) in 2011, the number of people with diabetes worldwide has reached 366 million. IDF estimates that if emergency measures are not taken, this number will reach 552 million by 2030. This means that by 2030, one in ten adults will be diabetic. However, analysis shows that the technological development of diabetes treatment and monitoring equipment has not kept pace with the spread of the disease, and the various technical solutions currently under development may not be sufficient to meet the needs of patients and hospital staff.

Bill Betten, senior technical consultant in the field of medical devices at UBM TechInsights, commented: "The prevalence of diabetes is increasing all over the world, but according to the number of patents and application data for diabetes medical devices, new monitoring and treatment methods are slow to progress, and technical solutions It seems powerless. The research and development of equipment for simple and accurate blood glucose levels continues. The methods of regularly monitoring blood viscosity and insulin injection through syringes and injection pens are still dominant, but little progress has been made in the past decade. "

This newly released report titled "Diabetes Market Patterns and Trends: Markets, Technology and Intellectual Property Rights" shows that the global diabetes treatment and equipment market is growing, and is expected to reach nearly US $ 18 billion in 2017. However, the growth in different regions is different, especially in the United States, Europe and other developed regions. Due to the economic downturn and government cuts in medical spending, they are facing price pressure and a decline in sales. The huge demand for self-blood glucose monitoring and insulin injection products in emerging markets and developing countries is driving the growth of the global market, and some manufacturers are turning to these markets in order to obtain new sales growth.

The diabetes medical device market is currently dominated by six major manufacturers-Roche, Johnson & Johnson, and Animas and LifeScan of Johnson & Johnson, Bayer, Medtronic, Abbott, and Becton Dickinson & Company, which account for nearly 90% of the diabetes medical device market. % Market share. The report shows that there are currently hundreds of companies dedicated to product development in this area. The report analyzed 5,900 diabetes device patents involving more than 500 patent assignees. Patent analysis shows that only 12 companies hold major patents, and their intellectual property rights do not cover emerging technology products on the market. This makes everyone believe that those small-scale enterprises with unique equipment still have good market opportunities and have a competitive advantage in this immature market.

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