Diabetes was the seventh-leading cause of death in America in 2019, claiming more than 87,000 lives. And the disease killed more than 100,000 Americans in 2021. According to the National Clinical Care Commission created by Congress, one in three Americans will develop the chronic disease in their lifetime if current trends persist.
The increasing prevalence of the disease is happening alongside the rising need to self-monitor and treat the disease due to the surge in risk factors, such as obesity, sedentary lifestyles, and a growing elderly population. That is why the diabetes care devices market is expected to grow at a 6.7% CAGR to $31.90 billion by 2028.
