Self-Monitoring Blood Glucose Devices Market Detail Analysis focusing on Key Players like Abbott Laboratories, All Medicus Co. Ltd., Arkray Inc., B. Braun Melsungen AG, Bayer Healthcare, Bionime Corporation, Dexcom Inc., F. Hoffmann-La Roche, Johnson & Jo

Self-monitoring blood glucose devices market has gained significant momentum in recent years owing to increasing prevalence of diabetes across the globe, government-led diabetes awareness initiatives, and the introduction of user-friendly, reliable, and easy to use monitoring devices. Diabetes is one among the top ten killer diseases around the world, and as the medical industry races to accommodate budding demand from diabetic patients, the use of self-monitoring blood glucose devices is bound to increase. In fact, people with diabetes can live a long and healthy life if their diabetes is diagnosed on time and well managed, thus demanding the requirement of self-monitoring blood glucose devices that are undoubtedly a perfect tool to limit and control the disease.

MarketStudyReport.com Adds New Self-Monitoring Blood Glucose Devices Market 2018– 2024 research report providing information and data By Product, By End-User, Industry Analysis, Regional Outlook, Application Potential, Trends, Competitive Market Share & Forecast spreading across 120 Pages with table and figures in it.

Self-Monitoring Blood Glucose Devices Market will reach over USD 20 billion by 2024; as per a new research report. Increasing diabetic population coupled with rising adoption of unhealthy dietary habits leading to increase in number of obese people will drive self-monitoring blood glucose devices market growth over the forecast timeframe. Numerous efforts undertaken by government and several other organizations to create awareness about diabetes and disease monitoring will contribute towards industry expansion.

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Growing number of health-conscious people, increasing geriatric population base prone to suffer from several chronic conditions and escalating growth of home healthcare sector has accelerated adoption rate of self-monitoring blood glucose devices. However, prohibitive cost of advanced blood glucose monitoring devices, stringent regulations and lack of favorable reimbursement policies pertaining to SMBG devices will hinder industry growth over the coming years.

Continuous glucose monitors segment is estimated to witness considerable growth during the forecast period owing to rising demand for home healthcare devices, growth of home healthcare sector and rise in number of people suffering from diabetes. Diabetic patients and elderly population generally suffer from multiple chronic disorders will stimulate industry expansion during the forecast period.

Home settings segment is anticipated to witness robust growth over the coming years owing to growth of home healthcare sector and growing demand for home healthcare devices as they are easy operative in nature and assists in continuous monitoring of blood glucose levels. Diabetic patients are increasingly opting for home healthcare blood glucose monitoring devices to avoid physician’s cost and real time monitoring of blood glucose levels.

U.S. held largest market share in 2017 and should hold its position over the coming years. Numerous efforts undertaken by government and organizations such as American Diabetes Association working towards reducing disease burden and rising awareness about diabetes monitoring will positively impact industry growth. Furthermore, technological advancements in diabetic care devices and presence of large number of industry players undertaking various strategies to gain significant market share will drive SMBG market over the forecast period.

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Few notable industry players operating in self-monitoring blood glucose devices market include Abbott Laboratories, All Medicus Co. Ltd., Arkray Inc., B. Braun Melsungen AG, Bayer Healthcare, Bionime Corporation, Dexcom Inc., F. Hoffmann-La Roche, Johnson & Johnson, LifeScan, Medtronic, Nipro Diagnostics, Nova Biomedical, Sinocare and Trividia Health. Acquisition, merger, strategic collaboration and partnership are some of the strategies adopted by industry players to broaden their product offerings and consolidate market position.

Table of Content:

Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Self-Monitoring Blood Glucose Devices Industry Insights
Chapter 4 Self-Monitoring Blood Glucose Devices Market, By Product
Chapter 5 Self-Monitoring Blood Glucose Devices Market, By End-User
Chapter 6 Self-Monitoring Blood Glucose Devices Market, By Region
Chapter 7 Company Profiles

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Outer Scope of this Report: The U.S. is one of the most profitable markets for SMBG devices, currently holding a significant share of the global market, driven by the ever-growing diabetes patient populace in the region. The prevalence of diabetes is also at its peak in the middle and low-income nations. It is also noteworthy to mention that geriatric population growth and rising pervasiveness of obesity would lead to increased incidences of diabetes worldwide, thereby propelling self-monitoring blood glucose devices market. According to the World Health Organization, nearly 422 million people across the world had diabetes in 2016, and the number is consistently increasing mirroring the growth in obesity and overweight populace. Talking of the product development landscape, it is imperative to mention that industry majors have time and again unveiled major advancements in device size, reading time, accurateness, and user-friendliness to expand the global self-monitoring blood glucose devices market.

Related Report:

2018-2023 Global Blood Glucose Meters Consumption Market Report

This report presents a comprehensive overview, market shares, and growth opportunities of Blood Glucose Meters market by product type, application, key manufacturers and key regions.

https://www.marketstudyreport.com/reports/2018-2023-global-blood-glucose-meters-consumption-market-report

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