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Self-Monitoring Blood Glucose Devices Market Study by Advance Application [Type 1 Diabetes, Type 2 Diabetes, and Gestational Diabetes]

10-03-2018 03:59 PM CET | Health & Medicine

Press release from: Allied Market Research

Self-Monitoring Blood Glucose Devices Market Study by Advance

The global self-monitoring blood glucose devices market was valued at $7,768 million in 2017 and is projected to reach $10,828 million by 2025 at a CAGR of 4.2% from 2018 to 2025. Monitoring of blood glucose is an essential step in diabetes management. Blood glucose monitoring devices are predominantly used to monitor a patient’s blood glucose level. Self-monitoring blood glucose (SMBG) devices are easy-to-use and enable people to monitor their blood glucose level irrespective of the location. SMBG devices include test strips, lancets, and blood glucose meters that monitor the blood glucose level.

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Diabetes is a clinical condition where the glucose level in blood increases due to inefficiency of pancreas to produce insulin. Diabetes management is used to control the blood sugar levels, which can be monitored by using blood glucose meters. Self-monitoring blood glucose devices are used to track and monitor blood glucose levels in diabetic patients.

The self-monitoring blood glucose devices market is anticipated to exhibit significant growth in the near future, owing to factors such as rise in prevalence of diabetes, surge in obese population who are prone to diabetes, technological advancements in diabetes devices, and surge in need for faster & safer diagnosis as well as treatment of diabetes. However, blood glucose monitoring devices do not measure the exact level of glucose in blood, whereas provide the readings in the form of a particular range. In addition, adverse effects associated with some of the diabetes care devices hinder the market growth. Rise in awareness about diabetes monitoring devices and untapped market opportunities in the developing regions are expected to provide numerous opportunities for the market growth.

By product, the test strips segment accounted for the maximum share of the global self-monitoring blood glucose devices market in 2017 and is projected to exhibit prominent growth rate, owing to increase in demand for test strips in various diabetes monitoring devices.

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In 2017, the type 2 diabetes application segment occupied almost three-fourths share of the market, and is anticipated to maintain its dominant position through 2025, due to rise in prevalence of type 2 diabetes across the world.

In 2017, based on end user, the hospitals segment occupied more than two-fifth share of the market, highest amongst all other end users. Whereas, the home settings segment is anticipated to grow at the fastest rate during the forecast period.

North America accounted for more than two-fifths share of the global market in 2017 and is expected to remain dominant throughout the forecast period. This is attributed to the increase in incidence of diabetes, growth in geriatric population, and adoption of sedentary lifestyle of people that leads to diabetes. In addition, high adoption rate of technologically advanced devices and presence of sophisticated healthcare infrastructure are expected to offer new growth opportunities to the market players in future.

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Table Of Content


Chapter: 1: INTRODUCTION

1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments

1.3.1. List of key players profiled in the report

1.4. Research Methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY

2.1. Key Findings of the Study
2.2. CXO perspective

Chapter: 3: MARKET OVERVIEW

3.1. Market Definition and Scope
3.2. Key Findings

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Market Share Analysis, 2017 (%)
3.4. Market Dynamics

3.4.1. Drivers

3.4.1.1. Increase in the incidence rate of diabetes
3.4.1.2. Rise in geriatric population
3.4.1.3. Technological advancements in diabetes monitoring devices
3.4.1.4. Rise in risk factors that lead to diabetes

3.4.2. Restraints

3.4.2.1. Inaccurate results

3.4.3. Opportunity

3.4.3.1. Increase in awareness for diabetes monitoring devices
3.4.3.2. Untapped market opportunities in the developing regions

3.4.4. Impact analyses

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About Us:

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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