Blood Glucose Monitoring Systems Market 2021 Analysis by Global Manufacturers - Abbott Laboratories, ARKRAY, Inc., Bayer AG, Dexcom

Blood Glucose Monitoring Systems Market with COVID-19 Impact by Component, Application, Services, and Region- Forecast to 2026

According to the new Blood Glucose Monitoring Systems Market Research report 2021-2026 is easy to understand the detailed analysis. The report published by Market Insights Reports represents the context of current and future trends driving global Blood Glucose Monitoring Systems Market growth. The research report is thoroughly compiled to assist the clients in gaining insights (upcoming identifiers). The research analysts provide accurate forecasts for the Blood Glucose Monitoring Systems Market and its sub-markets over the timeframe with SWOT and value chain analysis. The segmentation in Blood Glucose Monitoring Systems Research study has been finalized post-in-depth secondary research and extensive primary research.

The global blood glucose monitoring system market was valued at USD 8.10 Billion in 2016 and is projected to reach USD 10.58 Billion by 2026, at a CAGR of 4.8% during the forecast period.

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Top Companies in the Global Blood Glucose Monitoring Systems Market are- Abbott Laboratories, ARKRAY, Inc., Bayer AG, Dexcom, Inc., F. Hoffmann-La Roche Ltd, Johnson & Johnson, Medtronic plc, Nipro Diagnostics, Inc., and Terumo Medical Corporation., among others.

Blood Glucose Monitoring Systems: Market Dynamics
Market Drivers
Increasing prevalence of diabetes among geriatric population
 Technological advancement in blood monitoring devices
Market Barriers
 High cost of continuous glucose monitoring systems

Market Analysis and Insights : Global Blood Glucose Monitoring System Market
Blood glucose monitoring systems refer to diagnostics systems which are utilized for the monitoring and treatment of diabetic patients. Diabetes is a chronic disease which could lead to serious implications such as kidney damage, stroke and even heart attack, if the levels of blood sugar in the patient is not measured and monitored on a regular basis. Generally, the monitoring systems take blood samples but with technological advancement, sensors are being used for continuous monitoring.
The rise in the number of diabetic patients globally and the increasing demand for the monitoring systems because of the growth in population are the major factors driving the blood glucose monitoring system market. The rise in demand for blood glucose monitoring system owning to its features such as economic efficiency and accurate diagnosis and treatment accelerate the blood glucose monitoring system market growth.

 This report fragments the Global Blood Glucose Monitoring Systems Market based on Types are-

Self-Monitoring Systems
Continuous Blood monitoring Systems

 Based on Application, the Global Blood Glucose Monitoring Systems Market are divided into-

Hospitals
Ambulatory care
Home care

Blood Glucose Monitoring Systems Treatment Devices Overview
Blood Glucose Monitoring Systems Overview
Diabetes is a disease which is characterized by abnormal insulin levels in the body owing to either malfunction of pancreas not able to produce enough insulin or cells of the body not able to utilize it adequately. Blood glucose monitoring devices are used to continuously keep the record of the level of glucose present.

Industry News And Updates-

Global Chronic Blood Glucose Monitoring Systems Treatment Market: Dynamics

High Prevalence of Blood Glucose Monitoring Systems and Increasing Transition from Episodic to Blood Glucose Monitoring Systems to Drive the Market

According to a report by the World Health Organization (WHO), in 2013, Blood Glucose Monitoring Systems was the 6th most common cause for a year lost due to disability across the globe. According to a study, titled “Lifting the Burden”, conducted by World Health Organization and other prominent institutes in 2011, the prevalence of Blood Glucose Monitoring Systems across the globe was around 11.0%. Other independent studies suggest this prevalence to be around 14.7%. Prevalence of Blood Glucose Monitoring Systems among females is supposed to be 2 to 3 times more than in men.
According to The Blood Glucose Monitoring Systems Trust of the U.K., around 2% of the world population is estimated to be affected by chronic Blood Glucose Monitoring Systems. Furthermore, it is estimated that around 2 to 3% of episodic Blood Glucose Monitoring Systems patients transitioned to chronic Blood Glucose Monitoring Systems patients. Blood Glucose Monitoring Systems attacks are triggered by various factors such as environmental change, hormonal imbalance, and dietary change. Rise in incidences of these triggering factors is projected to increase the number of episodic Blood Glucose Monitoring Systems patients, which in turn, is likely to increase chronic Blood Glucose Monitoring Systems patients’ population.

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Market Dynamics and Key Highlights from the report:

1- An increase in the prevalence of anaphylactic shock, a rise in awareness about these devices, and preferences of patients to choose self-administration of injections are the key factors propelling the overall market.

2- Market growth is largely driven by the growing prevalence of targeted therapies, the rising incidence of anaphylaxis, rising preference for self-administration of drugs, usability advantages, the increasing number of regulatory approvals, the availability of generic versions of Blood Glucose Monitoring Systems, favorable reimbursements and government support, and technological advancements. The patent expiry of biologics is also expected to provide growth opportunities for players in the market.

3- The Blood Glucose Monitoring Systems market segment accounted for the largest share of Blood Glucose Monitoring Systems market in 2020.

4- Blood Glucose Monitoring Systems segment accounted for the largest share of Blood Glucose Monitoring Systems market in 2020.

5- Asia Pacific is projected to witness highest CAGR during the forecast period of 2020–2025.

6- Home care settings segment accounted for the largest share of the Blood Glucose Monitoring Systems market in 2019

Other Value additions available with the standard report:

We can also provide the following additional customization and information at an additional cost and delivery time:

1- A detailed country wise market share analysis of the various companies and their brands.

2- We can also provide country wise analysis of the market for more specific market segments.

3- We can also provide a detailed pipeline report for the devices and related drugs for better understanding of the market.

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