Blood Sugar Monitor Market Current Overview by 2025
The accuracy of blood sugar monitors depends on various factors. The primary factors are the quality of the blood sugar monitor and the quality of the test strips. Another factor is the number of red blood cells present in the blood. If the quantity of red blood cells present in the blood is less, then the results from the blood sugar monitors are less accurate. Some substances like Vitamin C and others may interfere with the blood sugar monitoring. These may be avoided depending upon the instructions written in the blood sugar monitor literature provided to the patients. Other factors like temperature and humidity and as well as altitude may also affect the readings displayed by blood sugar monitors.
The scourge of diabetes has spread worldwide due to the change in the lifestyle that has become fast paced and dependent on fast food and processed food. According to the data provided by the International Diabetes Federation, roughly 8.5% of the global population, or one in eight adults suffer from this disease. While the prevalence of diabetes was seen largely in developed countries earlier, however, now the disease is also widespread in low and middle income countries. Hence, there is a huge market for the monitoring of the blood sugar in the world, with this increasing prevalence of diabetes.
The other important factor driving the worldwide blood sugar monitoring market is the robust healthcare system of the developed countries, especially North America and Europe regions. With a matured healthcare structure already in place in such regions, the reimbursement options are always available, making the market for blood sugar monitors more far spread. The diabetes patients in the developed countries thus prefer health insurance plans that cover all the expenditure incurred on the blood sugar monitor device. These plans also cover other expenditures associated with the blood sugar monitoring such as glucose test strips, glucose meters and diabetes testing supplies. In the United States alone, the Medicare covers nearly 80% of the cost of blood sugar monitoring devices.
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However, the main restraint affecting the blood sugar monitoring devices is the low awareness regarding diabetes. Most of the patients don’t know that they are suffering from diabetes till the condition becomes life threatening. As per the estimation of International Diabetes Federation, almost one in two cases of diabetes will remain undiagnosed. This is a huge number and globally billions of dollars are spend on the prevention of diabetes. The picture is not that good in the developing and low income countries where not enough medical support is available for the control of this disease and people cannot afford the blood sugar monitoring devices.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.
The report covers exhaustive analysis on:
Supply & Demand
Competition & Companies involved
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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