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Blood Glucose Monitoring Systems Market Trends Research Report Analysis Revealing Key Drivers & Growth Trends through 2027
Blood Glucose Monitoring Systems Market: IntroductionAccording to the report, the global blood glucose monitoring systems market was valued at US$ 15.4 Bn in 2018 and is projected to expand at a CAGR of 5.5% from 2019 to 2027. Blood glucose monitoring is used to analyze the concentration of glucose in the blood. Diabetes management is a vital procedure once a person is diagnosed with diabetes. Healthcare professionals recommend the patients to monitor the blood glucose level and their conditions. In terms of product, the global blood glucose monitoring systems market has been bifurcated into self-monitoring blood glucose systems and continuous glucose monitoring systems. The self-monitoring blood glucose systems segment captured the largest market share in 2018. The segment is expected to expand at the highest CAGR during the forecast period, owing to rise in prevalence of diabetes. The self-monitoring blood glucose systems segment has been split into blood glucose meters, testing strips, lancing devices, and lancets. The testing strips sub-segment accounted for the largest market share in 2018. The continuous glucose monitoring systems segment has been segregated into sensors, transmitters, and receivers. The sensors sub-segment held the largest market share in 2018.
Based on application, the global blood glucose monitoring systems market has been categorized into type 1 diabetes, type 2 diabetes, and gestational diabetes. In terms of testing site, the global blood glucose monitoring systems market has been divided into fingertip testing and alternate site testing. In terms of patient care setting, the global blood glucose monitoring systems market has been classified into self/home care, hospitals, and clinics.
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Blood Glucose Monitoring Systems Market: Prominent Regions
The Americas held a major share of the global blood glucose monitoring systems market in 2018. Highly structured healthcare industry, presence of key players, and growth strategies of these players are the major factors driving the market in the region. Rise in awareness about diabetes and increase in healthcare expenditure also contribute to the growth of the market in the Americas. Europe held the second-largest share of the global blood glucose monitoring systems market in 2018. Growth of the market in the region can be attributed to rise in prevalence of diabetes and well-developed healthcare infrastructure in the region.
The market in Asia Pacific is expected to grow at a rapid pace during the forecast period. Increase in the number of people with diabetes, product approvals, and rise in awareness about diabetes, which leads to regular checkup and diagnosis are anticipated to fuel the growth of the blood glucose monitoring systems market in the region.
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Blood Glucose Monitoring Systems Market: Key Players
Key players are expanding their footprint to strengthen their positions in the global blood glucose monitoring systems market. Hence, manufacturers engage in new product development, collaborations, and distribution to gain market share. Leading players operating in the global blood glucose monitoring systems market include Abbott, Medtronic, Hoffmann-La Roche Ltd., B. Braun Melsungen AG, AgaMatrix, Sanofi, SD Biosensor, Inc., LifeScan, Ascensia Diabetes Care, Prodigy Diabetes Care, LLC, Nipro, Dexcom, Inc., Ypsomed AG, Senseonics, and ACON Laboratories, Inc.
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Global Blood Glucose Monitoring Systems Market: Segmentation
Blood Glucose Monitoring Systems Market, by Product
Self-Monitoring Blood Glucose Systems
Blood Glucose Meters
Testing Strips
Lancing Devices
Lancets
Continuous Glucose Monitoring Systems
Sensors
Transmitters
Receivers
Blood Glucose Monitoring Systems Market, by Application
Type 1 Diabetes
Type 2 Diabetes
Gestational Diabetes
Blood Glucose Monitoring Systems Market, by Testing Site
Fingertip Testing
Alternate Site Testing
Blood Glucose Monitoring Systems Market, by Patient Care Setting
Self/Home Care
Hospitals
Clinics
Blood Glucose Monitoring Systems Market, by Region
Americas
U.S.
Canada
Brazil
Mexico
Rest of Americas
Europe
Germany
U.K.
France
Spain
Italy
Poland
Romania
Portugal
Netherlands
Czech Republic
Israel
Austria
Sweden
Switzerland
Denmark
Rest of Europe
Asia Pacific
Japan
China
India
Australia & New Zealand
Indonesia
Philippines
Vietnam
Malaysia
Rest of Asia Pacific
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa
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