What is behind the Rise of the Blood Glucose Monitoring Systems Market?

As per the International Diabetes Foundation, the number of adults suffering from diabetes was around 425 million and is expected to reach 630 million by 2045. The prevalence of diabetes is primarily increasing owing to the rapid adoption of sedentary lifestyle and unhealthy food habits. This further shows that the demand for blood glucose monitoring systems will increase, thereby driving the global blood glucose monitoring systems market.

The research report gives an entire study of the Blood Glucose Monitoring Systems Market leaders with key statistics like sales, revenue, price, product picture and specifications, contact information, cost, capacity, production and company profile. The report offers critical information at the state of the enterprise. Marketing channels and development trends of the market is also well-found inside the report, making it a valuable source of information and path for agencies and individuals.

Key Stakeholders:
o Raw material suppliers
o Distributors/traders/wholesalers/suppliers
o Regulatory bodies, including government agencies and NGO
o Commercial research and development (R&D) institutions
o Importers and exporters
o Government organizations, research organizations, and consulting firms
o Trade associations and industry bodies
o End-use industries

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India and China to Account for 44% of the Global Diabetic Population

The prevalence of diabetes is increasing especially in countries such as China and India. Factors such as rapid growth in urbanization and lifestyle changes are responsible for this prevalence. Moreover, China and India hold 44% of the overall diabetic population worldwide.

High cost associated with diabetes monitoring systems is expected to hamper the growth of the market especially in developing economies. This is mainly because these countries lack a good and favorable reimbursement policy.

In countries such as the U.S., the average annual cost of continuous glucose monitoring systems is estimated to be between USD 2,500 and USD 2,800. On the other hand, the annual cost of test strips, lancets meters required for self-monitoring blood glucose (SMBG) devices is likely to fall between USD 5,000 to 5,200.

Leading Players operating in the Blood Glucose Monitoring Systems Market are:
o F. Hoffmann-La Roche Ltd.
o Abbott
o Ascensia Diabetes Care Holdings AG
o Dexcom, Inc.
o Medtronic
o B. Braun Melsungen AG
o Lifescan Inc.
o Terumo Medical Corporation
o DiamonTech GmbH

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Market Segmentation:

By Device
o Continuous Blood Glucose Monitoring Systems
o Self-monitoring of Blood Glucose Monitoring Systems
By Type
o Non-invasive
o Invasive
By Modality
o Wearable
o Non-wearable
By Distribution Channel
o Institutional Sales
o Retail Sales

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o Identifies all the possible segments present in the market to aid organizations in strategic business planning.

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