Glucometer Market 2021 to Grow at + 11.67% CAGR by 2027 and Industry Leaders Ascensia Diabetes Care Holdings AG; Abbott, Dexcom, Health Arx Technologies

A new market study is released on Global "Glucometer Market 2021" with data Tables for historical and forecast years represented with Chats & Graphs with easy to understand detailed analysis. Glucometer also known as blood glucose monitoring system/devices are diagnostic devices that are used for early and timely detection of the levels of glucose in the blood of a patient. These devices consist of a lancet, strips and meters for monitoring of the glucose levels, where the strips are dipped with blood and inserted into the monitoring meter which displays the blood glucose levels.

Global Glucometer Market is expected to rise from its initial estimated value of USD 11.65 billion in 2018 to a projected value of USD 28.19 billion by 2026, registering a CAGR of 11.67% in the forecast period of 2019-2026. This rise in market value can be attributed to growing concern regarding health of the individuals.

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Top Key Players of the Global Glucometer Market:

• Scensia Diabetes Care Holdings AG
• Abbott; Dexcom, Inc.
• Health Arx Technologies Pvt. Ltd.
• Hoffmann-La Roche Ltd
• Lifescan, Inc.
• Bayer AG
• Truworth Health Technologies Pvt. Ltd

Global Glucometer Market Segmentation:

• By Device Type
• Self-Monitoring Blood Glucose
• Continuous Glucose Monitoring

• By End-User
• Hospitals
• Clinics

• By Components
• Meters
• Test Strips
• Lancets
• Sensors
• Receivers

Glucometer also known as blood glucose monitoring system/devices are diagnostic devices that are used for early and timely detection of the levels of glucose in the blood of a patient. These devices consist of a lancet, strips and meters for monitoring of the glucose levels, where the strips are dipped with blood and inserted into the monitoring meter which displays the blood glucose levels.

Market Drivers

• Rise in the levels of diabetic population worldwide globally is one of the major factors driving the market growth
• Benefits associated with the usage of the product such as quicker and accurate test results; this factor is expected to drive the market growth

Market Restraints

• High cost of the devices is expected to hinder the market growth

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Global Glucometer Market Competitive Analysis:

Few of the major competitors currently present in the global glucometer market Ascensia Diabetes Care Holdings AG; Abbott; Dexcom, Inc.; Health Arx Technologies Pvt. Ltd.; F. Hoffmann-La Roche Ltd; LifeScan, Inc.; Bayer AG; Truworth Health Technologies Pvt. Ltd.; Dr.Morepen; Medtronic; Johnson & Johnson Services, Inc.; ARKRAY, Inc.; Bionime Corporation; Rossmax International Ltd.; AgaMatrix; ACON Laboratories, Inc.; Trividia Health, Inc. and Medisana GmbH are few of the major competitors currently working in the glucometer market.

Glucometer Market Country Level Analysis

The countries covered in the Glucometer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Key Developments in the Market:

• In May 2018, Health Arx Technologies Pvt. Ltd. through their brand “BeatO” announced the launch of a miniature glucometer that can be plugged in smartphones and the sugar levels are recorded in the app available for smartphones alongside the product. This product provides accurate and timely reminder regarding the sugar levels of patients.
• In February 2018, F. Hoffmann-La Roche Ltd announced the launch of a new glucometer “Accu-Check Instant S”, for the India region. The product is capable of offering accurate test results along with range of the sugar levels that the patient is suffering from informing the patient accordingly.

Healthcare Infrastructure Growth Installed Base And New Technology Penetration

Global Glucometer market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Glucometer market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Glucometer market. The data is available for historic period 2010 to 2018.

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What Are The Key Findings of the Report?

• Historical and current year revenue of related Glucometer Market players analyzed at regional level.
• One by one company profile of prominent stakeholders.
• Analysis of the Market size on the basis of product type and end use type.
• Porter’s five forces analysis highlights the potency of the buyers and the suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global Glucometer industry.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
Questions answered in the Glucometer market research report:
• Who are the leading market players active in the market?
• What would be the detailed impact of COVID-19 on the market size?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the Glucometer industry?
• What are the projections for the future that would help in taking further strategic steps?

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