openPR Logo
Press release

Self-Monitoring Blood Glucose Devices Market : Top Companies – Abbott, Ascensia Diabetes Care Holdings AG., Arkray, Inc., All Medicus Co., Ltd., Bayer Corporation., B. Braun Melsungen Medical AG., Bionime Corporation., Dexcom Inc., Essenlife Bioscience

10-16-2018 07:55 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Self-Monitoring Blood Glucose Devices Market

Self-Monitoring Blood Glucose Devices Market

Self-Monitoring Blood Glucose Devices Market size was valued at USD 14.3 billion in 2017 and is expected to witness 5.1% CAGR from 2018 to 2024.

Technological innovations in self-monitoring blood glucose devices leading to development of portable, user-friendly and high efficiency self-monitoring blood glucose devices will boost the market growth over the analysis period. For instance, in 2015, Dexcom launched Dexcom G4 Platinum, consisting of an in-built hypoglycemia safety alert, customizable alerts to monitor rise and fall above user-selected limits as well as water-resistant sensor with attached transmitter. It works with Dexcom share app that sends real-time glucose values to the cloud allowing caregivers to monitor blood glucose readings. Increasing adoption of such technologically advanced self-monitoring blood glucose devices for diabetes management will upsurge the self-monitoring blood glucose devices market size throughout the forecast period.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/2743

Rising prevalence of diabetes worldwide is the key factor that will drive the self-monitoring blood glucose devices market during the forecast period. According to the Diabetes Atlas of International Diabetes Federation, in 2017, around 425 million people aged between 20-79 years globally, suffered from diabetes and is estimated to reach over 629 million by 2045. Diabetes is leading cause of death in many middle and low-income countries. Lifestyle changes, increased consumption of alcohol and tobacco along with other environmental factors will boost number of people suffering from diabetes.

However, high maintenance cost of advanced blood glucose devices and their accessories may restrain the self-monitoring blood glucose devices market growth over the forecast period. Moreover, stringent regulations for manufacturing such blood glucose monitoring devices will impede the industry growth to certain extent.

Testing strips segment dominated the self-monitoring blood glucose devices market in 2017 with more than 79.5% revenue share and is estimated to witness robust growth during the analysis period. Testing strips are an essential component of blood glucose meters that are widely used in diabetes care and management. Geriatric population base, prone to diabetes, will further increase the demand for SMBG devices.

Hospitals segment accounted for the highest revenue of USD 6.9 billion in 2017 and is estimated to witness lucrative CAGR of 4.6% during the forecast period. Increasing prevalence of diabetes across the world coupled with availability of technologically advanced blood glucose monitoring devices will serve to be high impact rendering factor in the segmental growth. Adoption of continuous glucose monitors for accurate, timely and efficient glucose measurement for ICU patients will stimulate the segmental growth in the coming years.

U.S. self-monitoring blood glucose devices market dominated global SMBG devices market with 34.2% revenue share in 2017 and is expected to show lucrative growth during the forecast period. Increasing prevalence of diabetes, availability of advanced healthcare infrastructure coupled with high healthcare expenditure are the key drivers that will accelerate industry growth over the coming years. Moreover, growing prevalence of obesity leading cause of diabetes will positively impact business growth. According to CDC, around 35.7% young adults aged between 20–39 years, 42.8% adults aged between 40-59 years, and 41.0% older population aged 60 and above suffered from obesity in 2016. Aforementioned factors will surge the U.S. self-monitoring blood glucose devices industry growth over the coming years.

Germany self-monitoring blood glucose devices market accounted for USD 869.4 million in 2017 and is estimated to witness 4.5% CAGR growth over the analysis period. Growing geriatric population base in Germany, prone to diabetes will serve to be major positive impact rendering factor for market growth. According to the United Nations, the elderly population base aged 60 years and above was around 22.9 million in 2017 and is expected to reach 29.8 million by 2050. Rising disposable income, increasing awareness among people regarding diabetes care and management as well as developments in healthcare facilities will foster SMBG devices industry growth in the coming years.

Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/2743

Some of the notable players operating in self-monitoring blood glucose devices market are Abbott Laboratories, All Medicus, Arkray, B. Braun Melsungen AG, Bayer Healthcare, Bionime Corporation, Dexcom, F. Hoffmann-La Roche, Johnson & Johnson, LifeScan, Medtronic, Nipro Diagnostics, Nova Biomedical, Sinocare and Trividia Health. Industry players primarily focus on strategic collaborations, acquisitions, mergers as well as innovative product launch to strengthen product portfolio and capture high revenue share. For instance, in August 2016, F. Hoffman-La Roche launched Accu-Chek Active blood glucose meter, to enable simple and accurate testing as well as ensure safe and reliable test results.

Self-Monitoring Blood Glucose Devices Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

Self-Monitoring Blood Glucose Devices Market by Product
o Self-monitoring blood glucose meters
o Continuous glucose monitors
o Testing strips
o Lancets

Self-Monitoring Blood Glucose Devices Market by End-User
o Hospitals
o Home settings
o Diagnostic centers and clinics

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Self-Monitoring Blood Glucose Devices Market : Top Companies – Abbott, Ascensia Diabetes Care Holdings AG., Arkray, Inc., All Medicus Co., Ltd., Bayer Corporation., B. Braun Melsungen Medical AG., Bionime Corporation., Dexcom Inc., Essenlife Bioscience here

News-ID: 1305333 • Views: 537

More Releases from Global Market Insights, Inc.

Sodium acetate market from medical & pharmaceuticals end-user segment is estimat …
Sodium acetate market is expected to showcase significant growth in the coming year. Sodium acetate is mainly available in anhydrous and trihydrate forms. Being less expensive than sodium acetate anhydrous, trihydrate product segment will capture about two-thirds of the overall sodium acetate industry share. Its excellent pH controlling characteristics and hydrophilic nature makes is preferable for myriad industrial applications. Sodium acetate trihydrate finds extensive application in leather & textile and
Fertilizers Market to reach US$230 billion by 2026 | key players are Haifa Group …
Estimates suggests that fertilizers market size will cross the USD 200 billion mark by 2026. Growing focus on increasing crop yield, end product quality while maintaining integrity of the land is fueling the demand of high quality fertilizers. Moreover, shifting trends towards organic food production due to consumer preference for chemical free food will favor business growth. Dry fertilizers can be used to form blends of different micro-nutrients in desired
Unexpanded Perlite Market 2020: Industry Growth, Competitive Analysis, Future Pr …
Unprecedented growth in the construction sector over the years due to economic improvements has positively influenced global unexpanded perlite market size. Perlite is basically an amorphous volcanic glass that comprises of a superior water content which is formed by the hydration of obsidian. These occur naturally and have the ability to expand when heated sufficiently. Unexpanded perlite, also referred to as crude perlite, has a wide application spectrum such as
Europe sodium silicate market is set to witness increasing demand over 2020-2024
Europe sodium silicate market is set to witness increasing demand over the forecast timeframe. In 2016, Europe accounted for more than 20% of the global sodium silicate market share. The region’s environmentally friendly regulations and increasing awareness would be increasing wastepaper recycling demand, stimulating industry growth during the forecast period. Owing to the integral nature of sodium silicate in a number of high-revenue application segments and the anticipated rise in

All 5 Releases


More Releases for Blood

Blood Donation Chair
Blood Donation Chair Size: 190 L * 92 W * 135 - 164 H cm Back plate, the angle of inclination of the leg plate. Height adjustment. The adjustments are all electrically controlled and easy to operate. This product comes with three LINAK motors Maximum load capacity: 240 kg Optional: CPR function, weighing function The marketplace was wholly developed by the Jiangsu Medwish Network Technology Co., Ltd., a private corporation based in Jiangsu,
Blood Group Typing Market Banks on Increasing Need for Blood, Blood Products, an …
The global blood group typing market is foreseen to garner a massive demand in the foreseeable future owing to certain factors such as the rising demand for blood and blood products. Nonetheless, the market growth could see an escalation on the back of other factors such as increasing prenatal testing which requires blood grouping, mounting count of road mishaps and trauma incidences requiring blood transfusion, and increasing application in forensic
Artificial Blood Market Development
Artificial Blood Market Potential According to the World Health Organization (WHO), there are around 50,000 stem cell transplantations performed annually worldwide, which include 2,000 cord blood hematopoietic stem cell transplants performed each year. Use of stem cells from cord blood is increasing, as it does not require perfect human leukocyte antigen (HLA) tissue matching, can be used allogenically, and has less incidence of graft v/s host disease. According to the New
Blood Group Typing Market Banks on Increasing Need for Blood, Blood Products, an …
The global blood group typing market is foreseen to garner a massive demand in the foreseeable future owing to certain factors such as the rising demand for blood and blood products. Nonetheless, the market growth could see an escalation on the back of other factors such as increasing prenatal testing which requires blood grouping, mounting count of road mishaps and trauma incidences requiring blood transfusion, and increasing application in forensic
Blood Bank Market 2017
ReportsWeb.com has announced the addition of the “Global Blood Bank Market Research Report 2017” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. Blood Bank industry from two aspects. One part is about its production and the other part is about its consumption. In terms of its production, we analyze the production, revenue, gross margin of its main manufacturers and
Artificial Blood Market
Artificial blood is an artificially developed substitute for red blood cells. For decades, scientists have been trying to develop artificial blood from various sources and through different methods to address the shortage of blood for transfusions. Inadequate number of blood donors and the criticality of blood-type rejection have encouraged researchers to develop artificial blood, thus reducing the dependency on blood donors. Transfusion of red blood cells (RBCs) is a standard