Press release
What are the Growth Drivers of Blood Glucose Monitoring Systems Market Trends? Medtronic, Abbott Laboratories, Dexcom Inc., B. Braun Melsungen AG, Lifescan Inc., Terumo Medical Corporation, DiamonTech GmbH, Nova Biomedical
Market Study Report LLC recently added a new title on 2020-2026 Global Blood Glucose Monitoring Systems Market Report from its database. The report provides study with in-depth overview, describing about the Product, market size, share, Industry Scope and elaborates market outlook and status to 2026.Global Blood Glucose Monitoring Systems Market is valued approximately at USD 10.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.8% over the forecast period 2020-2026. A Blood glucose monitoring system is a type of diagnostics system that is used for the care and treatment of diabetes. It is used to measure and monitor the levels of blood sugar in the patients. These systems also help in preventing other health-related conditions such as neuropathy, retinopathy, and cardiovascular diseases.
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There are several types of blood glucose monitoring systems available in the market varying in price, size, duration of testing time, and ease of utilization. Rising prevalence of diseases such as diabetes and cardiovascular diseases, high availability of reimbursements, with the growing awareness programs about diabetes preventive care are the few factors responsible for high CAGR of the market over the forecast period.
According to the International Agency for Research on Cancer (IARC), in 2018, there were around 17.0 million new cancer cases and 9.5 million cancer deaths registered throughout the world. Also, the global burden of cancer is expected to grow to almost 27.5 million new cancer cases and 16.3 million cancer deaths by 2040. Similarly, according to the American Heart Association, the occurrence of death due to cardiovascular diseases was about 17.6 million in 2016, and a number is expected to grow to over 23.6 million by 2030. This, in turn, is anticipated to accelerate the demand for Blood Glucose Monitoring Systems around the world. However, high cost and poor reimbursement are the few factors expected to limit the growth of the market over the forecast period of 2020-2026.
Major market player included in this report are:
o F. Hoffman-La Roche Ltd.
o Abbott Laboratories
o Ascencia Diabetes Care Holdings AG
o Dexcom Inc.
o Medtronic
o B. Braun Melsungen AG
o Lifescan Inc.
o Terumo Medical Corporation
o DiamonTech GmbH
o Nova Biomedical
The regional analysis of global Blood Glucose Monitoring Systems market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the favorable reimbursements policies, rising awareness programs for diabetes owing to its high prevalence, and rising FDA approvals in for these systems and supplies in the region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to large number of diabetic patients and rapid economic growth in countries such as China and India.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Device:
o Continuous Blood Glucose Monitoring Systems
o Self-Monitoring Blood Glucose Monitoring Systems
By Type:
o Invasive
o Non-Invasive
By Modality:
o Wearable
o Non-Wearable
By Distribution Channel:
o Institutional sales
o Retail Sales
By Region:
o North America
o U.S.
o Canada
o Europe
o UK
o Germany
o Asia Pacific
o China
o India
o Japan
o Latin America
o Brazil
o Mexico
o Rest of the World
Table of Contents:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Blood Glucose Monitoring Systems Market, by Region, 2018-2026 (USD Billion)
1.2.2. Blood Glucose Monitoring Systems Market, by Device, 2018-2026 (USD Billion)
1.2.3. Blood Glucose Monitoring Systems Market, by Type, 2018-2026 (USD Billion)
1.2.4. Blood Glucose Monitoring Systems Market, by Modality, 2018-2026 (USD Billion)
1.2.5. Blood Glucose Monitoring Systems Market, by Distribution Channel, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Blood Glucose Monitoring Systems Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Blood Glucose Monitoring Systems Market Dynamics
3.1. Blood Glucose Monitoring Systems Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Blood Glucose Monitoring Systems Market Industry Analysis
Chapter 5. Global Blood Glucose Monitoring Systems Market, by Device
Chapter 6. Global Blood Glucose Monitoring Systems Market, by Type
Chapter 7. Global Blood Glucose Monitoring Systems Market, by Modality
Chapter 8. Global Blood Glucose Monitoring Systems Market, by Distribution Channel
Chapter 9. Global Blood Glucose Monitoring Systems Market, Regional Analysis
Chapter 10. Blood Glucose Monitoring Systems Market Competitive Intelligence
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Related Reports: https://www.marketwatch.com/press-release/smart-hospitals-market-share-historical-growth-analysis-opportunities-and-forecast-to-2025-2020-04-27
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