Blood Glucose Monitoring Device Market

Blood Glucose Monitoring Device Market Size, Growth Rate:

According to the research report, the Blood Glucose Monitoring Device Market size is expected to reach USD 2.61 Billion by the end of 2026 with increasing at a CAGR of 13.7% during the forecast period 2019-2026.

Blood Glucose Monitoring Device Market Growth Drivers:

The increasing need for home care diagnosis and real-time data by the end users to primarily drive the blood glucose monitoring device market during the forecast period. These devices have a potential market due to the rising technology advancements in this industry during the forecast period. Moreover, the major supporting factor for this market growth is the number of populations suffering from diabetes. According to the World Health Organization (WHO), approximately there were direct deaths if 1.6 million in 2015, and this number is attributed to rising by 2030 making diabetes the 7th leading cause of death globally.

Furthermore, the changing lifestyle of the people, and rising preference to the sedentary lifestyle to also support the market growth in the coming years. However, lack of awareness, limited use of these devices, and no proper reimbursements regulation by the government would impede the market growth during the forecast period.

Blood Glucose Monitoring Device Market Regional Existence:

North America generated the highest revenue in the Blood Glucose Monitoring Device market in 2017 and is expected to be the leading region globally during the forecast period. Increasing demand, rising patient awareness for proper self-diagnosis methods, which saves time, money, and provides accurate real-time data about patient health. Also, decreasing cost & time of treatment, and continuous research and development in the same field to also boost the market growth in the coming years. While Asia Pacific blood glucose monitoring device market is supposed to the fastest growing market during the forecast period.

Some of the promising companies leading the Blood Glucose Monitoring Device Market:

• Abbott Laboratories
• Terumo Corporation
• ARKRAY Inc.
• Medtronic Plc.
• Acon Laboratories Inc.
• Roche Diagnostics Ltd.
• Johnson & Johnson
• Novo Nordisk A/S
• Becton
• Dickinson and Co.
• Sanofi
• Bayer AG
• Ypsomed AG

Blood Glucose Monitoring Device Market – Detailed Segmentation:

Blood Glucose Monitoring Device Market – By Product Type:

• Single Point Blood Glucose Meters (SBGM)
• Continuous Glucose Monitoring Systems (CGM)
• Sensors
• Transmitters
• Glucose Monitoring strips
• Lancet

Blood Glucose Monitoring Device Market – By End-user:

• Hospitals & Clinics
• Diagnostic Centers
• Home care Settings

Blood Glucose Monitoring Device Market – By Geographical Segmentation:

• North America                                                 

  • United States                                
  • Canada                                          

• Europe                                                                                  

  • United Kingdom                                            
  • Germany                                       
  • France                                           
  • Italy                                
  • Spain                                             

• Asia-Pacific                                                      

  • China                                             
  • India                                              
  • Japan                                             
  • South Korea                                  

• Latin America                                                                              

  • Brazil                                             
  • Argentina                                      
  • Mexico                                          

• Middle-East & Africa                                                       

  • Middle-East                                  
  • Africa       

Key Takeaways from Blood Glucose Monitoring Device Market Report:

• For different Devices types, and applications offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the Blood Glucose Monitoring Device Market potential.
• Identify various driving factors, constraints and untold opportunities that can impact the Blood Glucose Monitoring Device Marketplace
• Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
• Increase overall revenue by understanding the geographical impact on sales and distribution channels.
• Evaluate the increase in values at each step of the industry supply chain to improve process efficacy and optimize the value.
• Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
• Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide Blood Glucose Monitoring Device Market in over 20 top nations.

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