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Glucose Sensors Market 2020-2026 Unbelievable Growth || Leading Players - Eli Lilly and Company, Biocon, Sanofi, Smiths Group plc., Wockhardt Limited, Novo Nordisk A/S, Nipro

01-28-2020 10:37 AM CET | IT, New Media & Software

Press release from: Data Bridge Market Research Pvt. Ltd.

Global Glucose Sensors Market 2020

Global Glucose Sensors Market 2020

Global glucose sensors market is set to witness a healthy CAGR of 19.4% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. The rise in the market value can be attributed to increasing cases of diabetes, and rising awareness, increasing geriatric population and increasing use of CGM devices.

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Some of the major players operating in global glucose sensors market are AstraZeneca, BD, Eli Lilly and Company, Biocon, Sanofi, Smiths Group plc., Wockhardt Limited, Novo Nordisk A/S, Nipro, InjexUK, Bristol-Myers Squibb Company, F. Hoffmann-La Roche Ltd., Ypsomed, Mannkind Coroporation, Arkray, B. Braun Melsungen AG, Dexcom, Inc., Sannuo biosensor Ltd. and Bio-Rad Laboratories, Inc. among others.

Glucose Sensors Market report has been framed by applying the best and standard analytical methods which are SWOT analysis and Porter's Five Forces analysis that analyses and evaluates all the primary and secondary research data and information in this report. In addition, the numerical and statistical data, facts and figures are represented with the help of charts, graphs and tables so that users can have better understanding. The report holds a vast value for both usual and emerging market players in the ABC industry and provides in-depth market insights. Glucose Sensors Market report is bestowed with full allegiance to provide the best service and recommendations.

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Market Definition: Global Glucose Sensors Market:-

Glucose sensors are compressed analytical device or an element, integrating a biological or biologically derivative sensitive recognition section combined with physiochemical transducer. These sensors are important for oral glucose lowering medication or insulin treatment to deliver data of glucose concentrations in body. These sensors are pretty effective in monitoring the glucose level in human body.

According to the International Diabetes Federation, in 2017, diabetes caused 4 million deaths in which around 425 million adults were living with diabetes and this number will rise to 629 million by 2045. The number of adults with diabetes who are living in low- and middle-income countries is around 79%. Large numbers of people suffering from diabetes are in between 40 and 59 years of age.

Segmentation: Global Glucose Sensors Market:-

Glucose Sensor Market : By Product

Invasive Glucose Monitoring
Non Invasive Glucose Monitoring
Lab Based Glucose Monitoring
Self-Glucose Monitoring

Glucose Sensor Market : By Technology

Photo Acoustic Spectroscopy
Optical Coherence Tomography
Polarimetry
Fluorescence
MIR Spectroscopy
NIR Spectroscopy
Impedance Spectroscopy
Skin Suction Blister Technique
Sonophoresis
Reverse Iontophoresis

Glucose Sensor Market : By Component 

Sensors
Transmitters & Receivers
Integrated Insulin Pumps

Key Developments in the Market:-

In June 2019, Nemaura Medical has received European approval to use needleless continuous glucose monitor on diabetic patients. This monitor was named as sugarBEAT. This device is paired with a smartphone app displaying glucose readings every five minutes. This approval would present a convenient alternate to the traditional methods used to monitor blood glucose to the patients

In March 2018, Medtronic plc announced that it has received U.S. Food and Drug Administration (FDA) approval for its Guardian Connect continuous glucose monitoring (CGM) system. It is the first smart standalone CGM system which assists people with diabetes to protect them from high and low glucose events. This  system would encourage people using multiple daily injections to control their diabetes

Market Drivers : Global Glucose Sensors Market:-

Rising number of diabetes patients is driving the market growth

Increase in research and development investments is accelerating the market growth

Accurate and precise data of  the sensor is acting as a catalyst in market growth

Growing healthcare expenditure is increasing the market growth

Growing geriatric population is enhancing the market growth

The Glucose Sensors Market report provides insights on the following pointers:-

Learn about the market strategies that are being adopted by your competitors and leading organizations

Market Penetration: Comprehensive information on the product portfolios of the top players in the trocars market

To gain insightful analyses of the market and have a comprehensive understanding of the "Glucose Sensors Market" and its commercial landscape

Product Development/Innovation: Detailed insights on the product approvals, R&D activities, and product launches in the trocars market

To understand the future outlook and prospects for Glucose Sensors market analysis and forecast.

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