openPR Logo
Press release

Self-Monitoring Blood Glucose Devices Competitive Analysis with Johnson & Johnson, LifeScan, Medtronic, Nipro Diagnostics, Inc., Nova Biomedical, Sinocare Inc., Kalila Medical (Abbott Laboratories), Roche

02-15-2019 03:32 PM CET | Health & Medicine

Press release from: Global Market Insights, Inc

India Self-Monitoring Blood Glucose Devices Market, By Product, 2013 – 2024, (USD Million)

India Self-Monitoring Blood Glucose Devices Market, By Product, 2013 – 2024, (USD Million)

Increasing prevalence of diabetes in developed as well as developing economies is a major factor driving the market during the forecast period. Diabetes morbidity and mortality is generally high in low and middle-income countries. As per the International Diabetes Federation’s Diabetes Atlas, in Western Pacific region, prevalence of diabetes in people aged between 20-79 years was 158.8 million in 2017 and is projected to reach 183.3 billion by 2045.

High prevalence of obesity across the globe coupled with rising geriatric population base prone to suffer from diabetes will serve to be another positive impact rendering factor for industry growth. Technological advancements in self-monitoring blood glucose devices offering more reliable, accurate and user-friendly devices will augment demand for such devices.

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

Furthermore, various government initiatives to increase awareness among people regarding diabetes care and management, increasing investments in R&D for developing innovative technologies along with growing healthcare expenditure will surge the self-monitoring blood glucose devices market size during the forecast timeframe.

However, stringent regulations pertaining to development of advanced blood glucose monitoring devices will impede growth of the market during the forecast period. High cost of glucose monitors and associated treatment accessories is unaffordable in developing countries. Such factors may hamper the self-monitoring blood glucose devices business growth over the analysis period.

Testing strips segment accounted for the largest market share of around 80% in 2017 and is projected to manifest similar trend during the forecast period due to rising prevalence of diabetes worldwide. Developments in testing strips such as Solo meter that contains 4-leads on the testing strips helps to provide rapid and more accurate test results. Aforementioned factors will spur testing strips market size throughout the forecast period.

Browse Full Report Details @ https://www.gminsights.com/industry-analysis/self-monitoring-blood-glucose-devices-market

Continuous glucose monitors (CGM) segment is expected to witness highest CAGR of 5.7% during the analysis timeframe. These devices are generally used in patients that require frequent blood glucose monitoring over a period. CGM systems help to predict future events of hypo or hyperglycemia up to 60 minutes and provides information regarding clinically relevant glucose patterns. Such benefits of continuous glucose monitors in elderly or ICU patients will accelerate segmental growth over the forthcoming years.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

 Kalila Medical (Abbott Laboratories)
 Roche
 Johnson & Johnson
 LifeScan
 Medtronic
 Nipro Diagnostics, Inc.
 Nova Biomedical
 Sinocare Inc.
 NZOZ All-Medicus
 ARKRAY,Inc.
 BKK B. Braun Melsungen AG
 Bayer HealthCare Diabetes Care
 Dexcom
 BIONIME USA, CORP

Hospitals segment dominated the self-monitoring blood glucose devices market with a revenue of USD 6.9 billion in 2017 and is anticipated to show significant growth over the analysis period. Increasing need for efficient, accurate and continuous blood glucose monitoring in ICUs to monitor the risk of hypo or hyperglycemia in patients will boost the demand for advanced glucose monitors in hospitals. Availability of advanced healthcare facilities as well as presence of skilled professionals will drive the segmental growth over the forecast timeframe.

Home settings segment is estimated to grow with highest CAGR of 5.7% over the forecast period due to large patient population suffering from diabetes. Advancement in diabetes care products to offer portable, efficient and easy-to-use devices at home will drive the segmental growth over the coming years. Growing inclination of people towards technologically advanced products will further accelerate the segmental growth. Additionally, self-monitoring of blood glucose levels at home helps people in decision making and analysing the effectiveness of current diabetes management. Such factors will boost the segmental growth during the analysis period.

North America market dominated the market with 39.1% revenue share in 2017 and is estimated to show robust growth over the analysis period. Growing prevalence of diabetes in the region is the key driver that will boost the self-monitoring blood glucose devices market growth over the coming years. Prevalence of obesity is high due to lifestyle changes, unhealthy dietary habits and other environmental factors escalating diabetic population. Moreover, awareness among people regarding diabetes management coupled with high demand for advanced diabetes care products will flourish the regional self-monitoring blood glucose devices market in the foreseeable future.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2743

Asia Pacific market is expected to grow at a robust CAGR of 6.1% over the forecast period. Increasing prevalence of diabetes coupled with rising geriatric population base prone to chronic diseases will serve to be positive impact rendering factor for industry expansion. According to World Health Organization, in India, around 7.9% of the total female population and over 7.5% of the total male population had diabetes in 2016. Furthermore, developments in healthcare facilities, increasing disposable income and growing adoption of advanced products will augment the regional self-monitoring devices industry growth over the analysis timeframe.

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
Web: https://www.gminsights.com
Blog: http://solutionrocket.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 Competitive Analysis with Johnson & Johnson, LifeScan, Medtronic, Nipro Diagnostics, Inc., Nova Biomedical, Sinocare Inc., Kalila Medical (Abbott Laboratories), Roche here

News-ID: 1592822 • Views:

More Releases from Global Market Insights, Inc

Point of Care Ultrasound Market Outlook 2021-2025 | Analogic, Canon Medical Systems, Esaote, Fujifilm, B. Braun, GE Healthcare, Koninklijke Philips
Point of Care Ultrasound Market Outlook 2021-2025 | Analogic, Canon Medical Syst …
Growing demand for fast and accurate diagnostic tools is expected to drive point of care ultrasound market growth in the ensuing years. Point-of-care ultrasound (POCUS) has become a standard tool in the emergency department, as it answers to specific clinical queries that narrow differentials, guide clinical therapy, and direct consultations and disposition. Recent technological advancements have led to the development of miniature POCUS that range from stationary high-end systems to small
Medical Tourism Market Forecast 2027 By Top Players Asklepios, KPJ Healthcare Bhd, Fortis Healthcare, Apollo Hospitals
Medical Tourism Market Forecast 2027 By Top Players Asklepios, KPJ Healthcare Bh …
Medical Tourism Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges. Every year millions of people travel abroad seeking medical treatment and efficient surgical procedures such as cosmetic surgery, cardiovascular surgery, orthopedic and dental surgery which is referred to
Medical X-ray Market Outlook 2021-2027 | Top Players Siemens Healthcare, GE Healthcare, Hitachi Medical, Hologic, Canon Medical Systems, Neusoft Medical Systems
Medical X-ray Market Outlook 2021-2027 | Top Players Siemens Healthcare, GE Heal …
Medical X-ray Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges. Researchers at Northwestern University have designed a new AI-based platform that analyses lung X-rays and detects COVID-19. The machine-learning (ML) algorithm, named DeepCOVID-XR, was able to outperform a
Biosensors Market 2021 by Top Industry Players Abbott Laboratories, Bio-Rad International, DowDuPont Inc, Ercon Inc., Gwent Group, Johnson & Johnson
Biosensors Market 2021 by Top Industry Players Abbott Laboratories, Bio-Rad Inte …
Biosensors Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges. Rising incidences of several serious disorders among the global population has evoked the need to detect these at early stages in order to obtain appropriate treatment on time. This

All 5 Releases


More Releases for India

Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026. The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the
Pasta Market Report 2019 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2019 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2019 to 2025, etc. The report also provides detailed segmentation on the
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com ********* This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality. India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc. We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will