|09-10-2018 04:06 PM CET - Health & Medicine||
Glucometer Market 2018: Global Analysis and Forecasting Industry Study of Bayer, Roche, OMRON Group, We Are Nova, ACON, ARKRAY USA, LifeScan, Johnson & Johnson, B. Braun Group, Abbott, I SENS
Press release from: Data Bridge Market Research
The main objective of this report on Glucometer market is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous research and analysis were an important part of the report’s preparation.
This report provides in depth study of Glucometer market using Porter's Five Forces Analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Glucometer Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
The Glucometer market report contains data for historic years 2015, the base year of calculation is 2016 and the Glucometer forecast period is 2017 to 2024. Also The Global Market accounted to USD 5.2 billion in 2016 growing at a CAGR of 10.3% during the forecast period of 2017 to 2024.
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The global glucometer market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global glucometer market for global, Europe, North America, Asia Pacific and South America. Some of the major players operating in global glucometer market are
· Johnson & Johnson Services, Inc.
· Bayer AG
· F. Hoffmann-La Roche Ltd.
· OMRON Corporation
· ARKRAY USA
· LifeScan, Inc.,
· B. Braun Melsungen AG,
· i-SENS. Inc.,
Others: TERUMO CORPORATION, Hainice Medical Inc., Glucostratus Ltd., allmedicus, AgaMatrix, CARE diagnostics, Edan Instruments, Inc., Yu Yue medical and EGENS GROUP among others.
Diabetes is the most dominating diseases all over the world. Glucose testing or detecting is becoming one of the most important aspect nowadays. There are many blood monitoring devices to detect such as blood strips, lancets and glucometers. Glucometers are automatic glucose detector. Prevalence in diabetic cases and errorless results leads to high demand of glucometers. It is consume less time and easy to handle.
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Major Market Drivers and Restraints:
Increasing cases of diabetes in any group age.
Easy to handle.
Less time consuming.
Market Segmentation: Glucometer Market
· The global glucometer market is segmented by product into
o single point blood glucose meter
o continuous glucose monitoring system (sensor, transmitter & receiver)
o external monitor
· The continuous glucose monitoring system segment is sub-segmented into
o transmitter & receiver
· By type the market is segmented into
· By application the market is segmented into
o ambulatory centers
o home care settings
o diagnostic centers
· On the basis of geography, global glucometer market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
· Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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