Press release
How Diabetes Monitoring Devices Market Will Dominate In Coming Years? Key Players: Abbott, Sanofi, Medtronic, Roche,Lifespan, Dexcom, Ascensia Diabetes Care, Terumo Medical Corporation, DiaMonTech GmbH
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In 2018, the global market for diabetes monitoring devices was valued at US$ 21,614.7 and is anticipated to reach US$ 32,881.9 Mn by 2026. The global market is expected to rise at a CAGR of 5.4% during the forecast period.
Asia Pacific Registers Considerable Growth with Rising Number of Diabetic Patients
Among regions, North America is anticipated to lead the global diabetes monitoring devices market during the forecast period. In the year 2018, the regional market was worth US$ 7,092.0 Mn. This is primarily on account of high adoption of advanced diabetes monitoring devices in the U.S. Recent innovations in technology and increasing healthcare expenditure are registering growth opportunities in the market in this region.
The market in Asia Pacific is expected to rise at a higher CAGR over the forecast years. Innovations in diabetes management and increasing patient pool for diabetes are factors driving the market in this region. Increased healthcare spending by governments is expected to stimulate growth in the market. This is primarily done to improve healthcare services and develop cost-effective diabetes diagnostic devices in Asia Pacific.
Diabetes Monitoring Devices offer Real-time Information on Blood Sugar Levels, A Key Factor Augmenting Demand
The aging population across the world is boosting the diabetes monitoring devices market. Furthermore, technological developments in diabetes diagnostic devices is act as a potential growth enabler in the market. A lead analyst at Fortune Business Insights said, “the convenience of using advanced diabetes monitoring devices over conventional devices is expected to help geriatrics keep a track of their blood sugar levels in real-time.”
Rising concerns and increasing patient awareness about the blood sugar level are likely to fuel demand for self-monitoring diabetes devices. Several people are installing diabetes monitoring apps to keep a track of their blood glucose level. The app sends notification on medication doses, carb intake and other important information. High stress levels and alcohol consumption are potential growth triggers in the market. These factors are expected to increase the adoption of diabetes monitoring system between 2018 and 2026.
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TABLE OF CONTENT:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Prevalence Of Diabetes By KeyCountries
4.2 Pricing Analysis, By KeyRegions
4.3 Technological Advancements
4.4 Recent Industry Developments,Mergers & Acquisitions
5. Global DiabetesMonitoring Devices Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insightsand Forecast – By Product
5.2.1 BloodGlucose Meters
5.2.2 TestStrips
5.2.3 Lancets
5.2.4 Others
5.3. Market Analysis, Insightsand Forecast – By End User
5.3.1Institutional Sales
5.3.1.1Hospitals
5.3.1.2Clinics
5.3.1.3 Others
5.3.2 RetailSales
5.3.2.1Hospital Pharmacies
5.3.2.2 RetailPharmacies
5.3.2.3 OnlinePharmacies
5.4. Market Analysis, Insightsand Forecast – By Region
5.4.1 North America
5.4.2 Europe
5.4.3 AsiaPacific
5.4.4 LatinAmerica
5.4.5 MiddleEast & Africa
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Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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