Press release
Blood Glucose Monitoring Device Market Size To Reach $2.61 Billion By 2026 | Industry Participant: Abbott Laboratories, Acon Laboratories Inc, Roche Diagnostics Ltd, Johnson & Johnson and Others
Blood Glucose Monitoring Device Market
"Blood Glucose Monitoring Device Market, [By Products (Single Point Blood Glucose Meters, Continuous Glucose Monitoring Systems (Sensors, Transmitters), Glucose Monitoring strips, Lancet); By End Use (Hospitals & Clinics, Diagnostic Centers, Home care Settings); By Region]: Market Size & Forecast, 2018 – 2026" . In 2017, the orthopedic treatment dominated the global Blood Glucose Monitoring Device market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue in 2017.
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The key players operating in the Blood Glucose Monitoring Device market include Abbott Laboratories, Terumo Corporation, ARKRAY Inc., Medtronic Plc., Acon Laboratories Inc., Roche Diagnostics Ltd., Johnson & Johnson, Novo Nordisk A/S, Becton, Dickinson and Co., Sanofi, Bayer AG, Ypsomed AG. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
The increasing need for home care diagnosis and real time data by the end users to primarily drive the blood glucose monitoring device market during the forecast period. These devices have potential market due to the rising technology advancements in this industry during the forecast period. Moreover, the major supporting factor for this market growth is the number of populations suffering from diabetes. According to the World Health Organization (WHO), approximately there were direct deaths if 1.6 million in 2015, and this number is attributed to rise by 2030 making diabetes the 7th leading cause of death globally.
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Furthermore, the changing life style of the people, and rising preference to the sedentary life style to also support the market growth in the coming years. However, lack of awareness, limited use of these devices, and no proper reimbursements regulation by the government would impede the market growth during the forecast period.
North America generated the highest revenue in the Blood Glucose Monitoring Device market in 2017, and is expected to be the leading region globally during the forecast period. Increasing demand, rising patient awareness for proper self-diagnosis methods, which saves the time, money, and provides accurate real-time data about the patient health. Also, decreasing cost & time of treatment, and continuous research and development in the same field to also boost the market growth in coming years. While, Asia Pacific blood glucose monitoring device market is supposed to the fastest growing market during forecast period.
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Polaris Market Research has segmented the Global Blood Glucose Monitoring Device Market on the basis of Product Type, End-Use and Geography:
Blood Glucose Monitoring Device Market Size and Forecast by Product Type
• Single Point Blood Glucose Meters (SBGM)
• Continuous Glucose Monitoring Systems (CGM)
o Sensors
o Transmitters
• Glucose Monitoring strips
• Lancet
Blood Glucose Monitoring Device Market Size and Forecast by End Use
• Hospitals & Clinics
• Diagnostic Centers
• Home care Settings
Blood Glucose Monitoring Device Market Size and Forecast by Region
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• Singapore
• Malaysia
• Australia
• Rest of Asia-Pacific
• Latin America
• Mexico
• Brazil
• Argentina
• Rest of LATAM
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
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