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March 1, 2021

Diabetes treatments resilient in face of Covid-19 pandemic

By GlobalData Healthcare

While medical markets the world over have been slammed by the Covid-19 pandemic, a precious few have remained resilient and some have even grown. While elective surgeries such as hip / joint replacements or TAVI implants ground to a standstill, diabetes markets were resilient. In fact, they kept climbing.

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COVID-19 has already affected our lives forever. The way we work, shop, eat, seek medical advice, and socialize will all be different in the future. Quite how different remains to be seen, but all industries must plan for multiple eventualities. Are you interested in actionable insights on the business challenges induced by the pandemic? GlobalData's cross-sector report analyzes the significance of this major disruptive theme across industry verticals. It provides side-by-side research of alternative datasets to present you with unique quantitative analysis of the effects of COVID-19 and how these differ across sectors. Additionally, it offers qualitative analysis of each sector and analyzes COVID-19’s impact on leading companies. Whatever your company’s imminent strategic plans, the long-lasting impact of COVID-19 must not be overlooked. Find out how to futureproof your business operations – download our report today.
by GlobalData
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This is due in part to the recent Covid-19-fuelled ascendancy of remote patient monitoring and virtual care. As the treatments for diabetes are largely hands-off once the patient has been diagnosed, the business model of the diabetes field is largely reliant on patients to self-monitor and self-treat.

This meant that there was little to no reliance on the swamped healthcare industry to provide service and little to no extra risk of infection. This resulted in a market that was largely unaffected by the deleterious effects of the pandemic.

Adding onto that is the quiet revolution happening in the world of continuous glucose monitoring (CGM), which allows for automated insulin injection as opposed to self-injecting, a much safer and less intrusive method of diabetes management. What does this mean for the future? Many of the medical devices have had their growth stunted by the economic devastation of 2020 and will take many years to catch up to their previous projections. Diabetes management, however, will stay right on course, if not exceeding expectations in the future.

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Free Report
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Build resilience in the face of COVID-19 disruption

COVID-19 has already affected our lives forever. The way we work, shop, eat, seek medical advice, and socialize will all be different in the future. Quite how different remains to be seen, but all industries must plan for multiple eventualities. Are you interested in actionable insights on the business challenges induced by the pandemic? GlobalData's cross-sector report analyzes the significance of this major disruptive theme across industry verticals. It provides side-by-side research of alternative datasets to present you with unique quantitative analysis of the effects of COVID-19 and how these differ across sectors. Additionally, it offers qualitative analysis of each sector and analyzes COVID-19’s impact on leading companies. Whatever your company’s imminent strategic plans, the long-lasting impact of COVID-19 must not be overlooked. Find out how to futureproof your business operations – download our report today.
by GlobalData
Enter your details here to receive your free Report.

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