Glucose Monitoring Devices Market Size, Drivers, Restraints and Opportunities 2027

Growing geriatric population is leading the growth of glucose monitoring devices market over the forecast period.

According to a new market research study titled 'Glucose Monitoring Devices Market - Global Analysis and Forecasts by Product and End User, the global glucose monitoring devices market is expected to reach US$ 21.0 Bn in 2027 from US$ 12.6 Bn in 2018. The market is estimated to grow with a CAGR of 6.4% from 2019-2027. The report highlights the trends prevalent in the global glucose monitoring devices market and the factors driving the market along with those that act as deterrents to its growth.

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Key factors driving the market are, rising incidence of diabetes, growing geriatric population, increasing prevalence of obesity across the globe, and rapid technological advancement in glucose monitoring devices. However, the restraining factors for the market are high cost of glucose monitoring devices.

Some of the prominent players operating in glucose monitoring devices market are, F. Hoffmann-La Roche Ltd., B. Braun Melsungen AG, Medtronic, Abbott, LifeScan, Inc., Ascensia Diabetes Care Holdings AG, Ypsomed AG, Omron Corporation, GE Healthcare and Nipro Corporation. The market players are focused towards bringing new and innovative products and services to sustain their position in the market. For instance, , In February, 2017, Roche and Medtronic entered into an agreement to develop a next-gen BG meter that will intertwine glucose monitoring technology into a future Medtronic pump system. This agreement is expected to enhance the growth of Medtronic in glucose monitoring market. The developments performed by the companies are helping the market to grow in the coming years.

Obesity is one of the major problem and the biggest concern in all the communities across the globe. Currently, more than one in two adults and nearly one in six children are obese. Obesity is one of the major issue affect people of all ages and incomes globally. According to World Health Organization (WHO), in 2016, more than 1.9 billion adults aged 18 years and older were overweight. And out of these over 650 million adults were obese. Therefore, owing to the above mentioned factors the market is likely to fuel its growth during the forecast period.

Table of Content:

GLOBAL GLUCOSE MONITORING DEVICES MARKET - KEY TAKEAWAYS
RESEARCH METHODOLOGY
GLOBAL GLUCOSE MONITORING DEVICES- MARKET LANDSCAPE
GLUCOSE MONITORING DEVICES MARKET - KEY MARKET DYANAMICS
GLUCOSE MONITORING DEVICES MARKET - GLOBAL ANALYSIS
GLOBAL GLUCOSE MONITORING DEVICES MARKET ANALYSIS AND FORECASTS TO 2027 - PRODUCT
GLOBAL GLUCOSE MONITORING DEVICES MARKET ANALYSIS- BY END USER
GLUCOSE MONITORING DEVICES MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
GLUCOSE MONITORING DEVICES MARKET - INDUSTRY LANDSCAPE
GLUCOSE MONITORING DEVICES MARKET- KEY COMPANY PROFILES

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