North America Self-monitoring Blood Glucose Market May Set New Growth Story 2021-2025

North America Self-monitoring Blood Glucose Market Report 2021: New Business Ideas and Perceptions

The North America Self-monitoring Blood Glucose market is expected to reach USD 219.0 million by 2025 from USD 159.8 million in 2018, at a CAGR of 6.5%.

The Global North America Self-monitoring Blood Glucose Market Report 2021-2027 provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, restraints, and competitive landscape that are playing a substantial role in the North America Self-monitoring Blood Glucose market. The increasing consumer demand & spending on North America Self-monitoring Blood Glucose market is expected to drive the enormous growth over the forecast years. The comprehensive North America Self-monitoring Blood Glucose market Report will help clients to comprehend the market ups-downs and numerous different angles.

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Global North America Self-monitoring Blood Glucose Market: Segmentation Analysis-

The Global North America Self-monitoring Blood Glucose Market is Segmented on the basis of North America Self-monitoring Blood Glucose Size, Material, And Geography.

Market Trends On North America Self-monitoring Blood Glucose-

Blood Glucose Test Strips Held the Largest Market Share in 2019

In 2019, Blood glucose test strips accounted for about 81% of the North America SMBG market. The glucometer is considered to be a one-time purchase. However, test strips, on the other hand, are a continuous investment, as a test strip needs to be disposed of after one use. Thus, it presents a considerable cost impact to the consumers. In North America demand for blood glucose test strips is projected to witness significant growth over the forecast period. The growth of the market studied is expected to be spurred by the rising diabetic population in the North American region. The growth in market volumes and share of the test strip segment is expected to be better than that of glucometers, because of the difference in the use-case frequency. While an average glucose meter lasts anywhere between six months and three years, presenting a one-time cost, during the same time frame, the corresponding use of multiple (in the range of thousands) test strips may occur, causing a recurrent cost impact.

Key Players In North America Self-monitoring Blood Glucose Market-

Abbott, F. Hoffmann-La Roche AG, Platinum Equity (LifeScan), Arkray, Ascensia, Agamatrix Inc., Bionime Corporation, Acon, Medisana, Trivida, Rossmax

The study accurately predicts the size and volume of the North America Self-monitoring Blood Glucose market in the present and the future. The report offers a comprehensive study of the North America Self-monitoring Blood Glucose and information about the expected future trends that will have a significant impact on the growth of the market.

Competitive Analysis On North America Self-monitoring Blood Glucose Market-

The North America self-monitoring blood glucose market is fragmented, with a few major manufacturers having a global market presence, while the remaining manufacturers confined to local or region-specific manufacturers. Mergers and acquisitions that occurred between the players in the recent past have helped companies strengthen their market presence. Panasonic acquired Bayers diabetes care unit and named it Ascensia diabetes care, which continued its operations in North America.

Region wise Analysis On North America Self-monitoring Blood Glucose Market-

The United States Held the Largest Market Share in 2019

The diabetic population in the United States is expected to cross 40 million by 2045, and in 2019 United States registered about 10 million obese population. Monitoring blood glucose levels is necessary, as poor blood glucose levels result in diabetes-related complications, like diabetic retinopathy, diabetic neuropathy, etc. In the United States, the type 1 diabetes population is expected to witness a CAGR of 1.01% for the coming years. In North America Blood glucose meters are now portable and accurate to use. Advancements in technology in SMBG devices have bought awareness among patients in the use of the products at home. The SMBG market in the United States is estimated to value greater than USD 4 billion in 2019.

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Since 1998, the US government has invested USD 2.5 billion towards Type 1 diabetic research through the Special Diabetes Program. Currently, the US government spends USD 150 million annually on diabetes research at the National Institutes of Health (NIH)._ Similarly, medical treatment standards in Canada are defined by the Canada Health Act of 1985 which empowers the Canadian government to regulate the safety and efficacy of medical devices, pharmaceuticals, and natural health products; fund health research; and administer a range of services for certain populations. _ For the cost categories analyzed, care for people with diagnosed diabetes adds up to USD 1 in every USD 4 spent for healthcare in the United States, and more than 50% of that expenditure is directly accountable to diabetes.

Our North America Self-monitoring Blood Glucose market analysis also concludes a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with the SWOT analysis.

-Reasons to Purchase this Report-

Includes an in-depth analysis of the North America Self-monitoring Blood Glucose market of various perspectives through Porter’s five forces analysis.
Provides insight into the North America Self-monitoring Blood Glucose market through Value Chain Analysis.
North America Self-monitoring Blood Glucose Market dynamics scenario, along with growth opportunities of the market in the years to come.
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-This factor leads to the estimation of the North America Self-monitoring Blood Glucose market size and also provides an outline about how the market will retrieve growth during the assessment period.

-Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular North America Self-monitoring Blood Glucose market that will help the stakeholders to be aware of the current investment scenario across the market.

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