Press release
Blood Glucose Monitoring Devices Market Size to Reach over $25 Billion by 2025 – Arizton
The global blood glucose monitoring devices market size is expected to reach revenues of over $25 billion by 2024, growing at a CAGR of more than 9% during 2018–2024.The growing need to reduce both long-term micro and macrovascular complications such as CVDs, kidney diseases, and eye diseases and short-term complications, such as diabetic ketoacidosis and severe hypoglycemia is fueling the demand in the global blood glucose monitoring system market. The increasing focus on effective diabetes management is fueling the growth of the worldwide market. Self-monitoring of blood glucose levels regularly allows people with diabetes to evaluate their disease condition and helps them to follow the prescribed treatment regimen.
The global blood glucose monitoring devices market is driven by the increasing number of vendors collaborating with healthcare providers to promote and encourage patients to use BGM devices at their homes. The exponential growth of China and India will boost the demand for these devices in the global market. The market research report provides in-depth market analysis and segmental analysis of the global blood glucose monitoring devices market by product type, usage type, distribution channel, end-user type, and geography.
The report considers the present scenario of the global blood glucose monitoring devices market and its market dynamics for the period 2019−2024. It covers a detailed overview of various market growth enablers, restraints, and trends. The study includes both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the global market.
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Blood Glucose Monitoring Devices Market – Vendor Profile
Major Vendors
• F. Hoffmann-La Roche
• Abbott
• Dexcom
• LifeScan
• Medtronic
• Ascensia Diabetes Care
Prominent Players
• A. Menarini Diagnostics
• ACON Laboratories
• AgaMatrix
• Alliance International
• Andon Health (Tianjin Jiu'an Medical Electronics)
• ARKRAY
• ApexBio
• B. Braun Melsungen
• Bionime
• BioTelemetry
• DarioHealth
• Terumo
• Trividia Health
• Rossmax International
• BTNX
• Bioptik
• Beurer
• Biotest Medical Corp.
• Medtrum Technologies
• Sanofi
• 77 Elektronika Kft.
• Integrity Applications
• Medisana
• Nova Biomedical
• Philosys
• TaiDoc Technology
• Omnis Health
• Ypsomed
Blood Glucose Monitoring Devices Market – Segmentation
Market Segmentation by Product Type
• Conventional BGM Devices
• Continuous BGM Devices
Market Segmentation by Usage Type
• Personal BGM Devices
• Professional BGM Devices
Market Segmentation by Distribution Channel
• Retail
• Online
Market Segmentation by End-users
• Individuals
• Hospitals & Clinics
• Others
Market Segmentation by Geography
• North America
o US
o Canada
• Europe
o Germany
o France
o Spain
o UK
• APAC
o China
o Japan
o South Korea
o India
• Latin America
o Brazil
o Mexico
• MEA
o Saudi Arabia
o Iran
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Blood Glucose Monitoring Devices Market – Table of Contents
1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Product Types
4.3.2 Market Segmentation by Usage Type
4.3.3 Market Segmentation by Distribution Channels
4.3.4 Market Segmentation by End-user Types
4.3.5 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Diabetes: An Overview
7.1.1 Types of Diabetes
7.1.2 Causes of Diabetes
7.1.3 Symptoms of Diabetes
7.1.4 Diagnosis and Tests
7.2 Blood Glucose Monitoring
7.2.1 Time and Frequency of BGM
7.2.2 Types of Blood Glucose Monitoring
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Growing Prevalence of Diabetes
8.1.2 Increasing Advancements in Technology
8.1.3 New Product Approvals/Launches
8.1.4 Increasing Availability of Mobile Applications and Data Integration Platforms for BGM Devices
8.1.5 YOY Impact of Market Growth Enablers
8.1.6 Impact of Market Growth Enablers on Regions
8.2 Market Growth Restraints
8.2.1 Limitations and Operational Challenges Associated with BGM Devices
8.2.2 High Cost of BGM Devices and Rise in Economic Burden for Diabetes Management
8.2.3 Reimbursement for BGM Devices Coupled with Competitive Pricing of Vendors
8.2.4 Presence of Large Pool of Undiagnosed Population
8.2.5 YOY Impact of Market Growth Restraints
8.2.6 Impact of Market Growth Restraints on Regions
8.3 Market Opportunities & Trends
8.3.1 Emergence of Non-invasive Blood Glucose Monitoring Devices
8.3.2 Promising BGM Devices under Investigation
8.3.3 Growing Demand for Smart and Bluetooth-enabled Blood Glucose Meters
8.3.4 YOY Impact of Market Opportunities & Trends
8.3.5 Impact of Market Opportunities & Trends on Regions
9 Market Landscape
9.1 Market Overview
9.2 Market Size & Forecast
9.3 Porter’s Five Forces Analysis
9.3.1 Threat of New Entrants
9.3.2 Bargaining Power of Suppliers
9.3.3 Bargaining Power of Buyers
9.3.4 Threat of Substitutes
9.3.5 Competitive Rivalry
10 Market by Product Type
10.1 Market Overview
10.2 Conventional Blood Glucose Monitoring Devices Market
10.2.1 Market Overview
10.2.2 Market Size & Forecast
10.3 Continuous Blood Glucose Monitoring Devices Market
10.3.1 Market Overview
10.3.2 Market Size & Forecast
11 Market By Usage
11.1 Market Overview
11.2 Personal BGM Devices
11.2.1 Market Overview
11.2.2 Market Size & Forecast
11.3 Professional BGM Devices
11.3.1 Market Overview
11.3.2 Market Size & Forecast
12 Market by Distribution Channel
12.1 Market Overview
12.2 Retail Stores
12.2.1 Market Overview
12.2.2 Market Size & Forecast
12.3 Online Channels
12.3.1 Market Overview
12.3.2 Market Size & Forecast
13 Market By End-users
13.1 Market Overview
13.2 Individuals
13.2.1 Market Overview
13.2.2 Market Size & Forecast
13.3 Hospitals and Clinics
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.4 Others
13.4.1 Market Overview
13.4.2 Market Size & Forecast
14 Market By Geography
14.1 Market Overview
15 North America
15.1 Market Overview
15.1.1 Market Size & Forecast
15.2 Product Segmentation
15.3 Conventional Blood Glucose Monitoring Devices
15.3.1 Market Size & Forecast
15.4 Continuous Blood Glucose Monitoring Devices
15.4.1 Market Size & Forecast
15.5 Key Countries
15.5.1 US: Market Size & Forecast
15.5.2 Canada: Market Size & Forecast
16 Europe
16.1 Market Overview
16.1.1 Market Size & Forecast
16.2 Product Segmentation
16.3 Conventional Blood Glucose Monitoring Devices
16.3.1 Market Size & Forecast
16.4 Continuous Blood Glucose Monitoring Devices
16.4.1 Market Size & Forecast
16.5 Key Countries
16.5.1 Germany: Market Size & Forecast
16.5.2 France: Market Size & Forecast
16.5.3 Spain: Market Size & Forecast
16.5.4 UK: Market Size & Forecast
17 APAC
17.1 Market Overview
17.1.1 Market Size & Forecast
17.2 Product Segmentation
17.3 Conventional Blood Glucose Monitoring Devices
17.3.1 Market Size & Forecast
17.4 Continuous Blood Glucose Monitoring Devices
17.4.1 Market Size & Forecast
17.5 Key Countries
17.5.1 Japan: Market Size & Forecast
17.5.2 China: Market Size & Forecast
17.5.3 South Korea: Market Size & Forecast
17.5.4 India: Market Size & Forecast
18 Latin America
18.1 Market Overview
18.1.1 Market Size & Forecast
18.2 Product Segmentation
18.3 Conventional Blood Glucose Monitoring Devices
18.3.1 Market Size & Forecast
18.4 Continuous Blood Glucose Monitoring Devices
18.4.1 Market Size & Forecast
18.5 Key Countries
18.5.1 Brazil: Market Size & Forecast
18.5.2 Mexico: Market Size & Forecast
19 Middle-East & Africa
19.1 Market Overview
19.1.1 Market Size & Forecast
19.2 Product Segmentation
19.3 Conventional Blood Glucose Monitoring Devices
19.3.1 Market Size & Forecast
19.4 Continuous Blood Glucose Monitoring Devices
19.4.1 Market Size & Forecast
19.5 Key Countries
19.5.1 Saudi Arabia: Market Size & Forecast
19.5.2 Iran: Market Size & Forecast
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About Arizton Advisory & Intelligence
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize fool proof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Mail: enquiry@arizton.com
Call: +1-312-235-2040/+1 302 469 0707
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