Blood Glucose Monitoring Market 2021 Through SWOT Analysis with Leading Players-Abbott Diabetes Care, Roche, Johnson & Johnson, Dexcom, Medtronic

The Blood Glucose Monitoring market was valued at $894.7 million in 2013 and is expected to reach $1,379.1 million by 2025, at a CAGR of 9.0%.

MarketInsightsReports published a new research publication on “Blood Glucose Monitoring” Market Insights, to 2025 and enriched with self-explained data in presentable format. In the Blood Glucose Monitoring market study you will find new evolving Trends, Drivers, Restraints, and Opportunities generated by targeting Blood Glucose Monitoring market associated stakeholders. The growth of the market was mainly driven by the increasing spending across the world.

Some Of The Key Players Profiled In The Study Are-

Abbott Diabetes Care, Roche, Johnson & Johnson, Dexcom, Medtronic, Arkray, Ascensia Diabetes Care, Agamatrix Inc., Bionime Corporation, Acon, Medisana, Trivida, Rossmax

Free Sample Report + All Related Information-
https://www.marketinsightsreports.com/reports/10192353518/asia-pacific-blood-glucose-monitoring-market-growth-trends-and-forecasts-2020-2025/inquiry?Source=OpenPR&Mode=Allie

Asia-Pacific has countries with the highest diabetic populations, such as China and India, with an average prevalence rate of more than 8%.

- Blood glucose monitoring devices are used for effective diabetes diagnosis and treatment. A rise in the diabetic population drives the market by increasing the use of blood glucose monitoring devices.

- Obesity is also considered one of the major factors contributing to the disease condition, mainly type 2 diabetes.

- Also, other factors such as technological innovations and advances provide convenience in measuring blood glucose levels.

- These devices help in early detection of hypo- and hyperglycemic conditions, which tend to drive the market for glucose monitoring market.

Industry News And Updates on Blood Glucose Monitoring Market-

China Accounted for a Major Share in the Asia-Pacific Market in 2019

China is facing the largest diabetes epidemic in the world, with around 10% of its population suffering from metabolic illness, while nearly 36% are pre-diabetic. In 2019, China held the largest share in the Asia-Pacific blood glucose monitoring market due to the large patient pool and wide acceptance of advanced technologies. In china currently, more than 1.2 million people are with type-1 diabetes and 0.1 billion people are with type-2 diabetes. Type 1 diabetes can be characterized as insulin-requiring, while Type 2 diabetes can be characterized as insulin-dependent diabetes_, the type-1 diabetes patients need to check their blood glucose levels frequently, this is driving the china blood glucose devices market.

Key Market Trends Blood Glucose Monitoring Market-

Self-monitoring Blood Glucose Devices Accounted for a Major Market Share in 2019

Although CGM is an advanced method for people living with diabetes to check glucose readings in real-time, SMBGs are the most preferred devices by patients in Asia-Pacific, due to their economic affordability and lesser sophistication in usage, when compared to CGM. The SMBG segment occupies more than 93% of the market share in the Asia-Pacific blood glucose monitoring market. Based on the component, the disposable consumables (test strips and lancets) occupy the largest market share compared to glucometer devices. China and India rank high in terms of diabetic populations around the globe, and the market for diabetes is expected to increase at a high rate in these two countries during the forecast period. Although CGM provides real-time data of blood glucose levels for patients, its adaptability is very low in Asia-Pacific markets. The cost factor is a major concern for the low growth of CGM in the Asia-Pacific market.

Market Segmentation On Blood Glucose Monitoring-

Scope of the Report of Blood Glucose MonitoringMarket Trend-

Increasing Demand for Blood Glucose Monitoring as well as new opportunities in Emerging Countries.

Market Drivers-

The Blood Glucose Monitoring is Considered a source to drive more growth resulting in high demand among consumers. 

Challenges-

Finding that challenges assumptions for the consumers to opt or not for Blood Glucose Monitoring.

Opportunities-

Increasing Demand in the Industry for Blood Glucose Monitoring by the Consumers is Providing an Opportunity for this market.

Region Included In Blood Glucose Monitoring Market are-

North America

Europe

Asia-Pacific

South America

Middle East & Africa

Browse Detailed Research Insights with Table of Content-

https://www.marketinsightsreports.com/reports/10192353518/asia-pacific-blood-glucose-monitoring-market-growth-trends-and-forecasts-2020-2025?Source=OpenPR&Mode=Allie

TOC Continued…!

Competitive Landscape On Blood Glucose Monitoring Market-

Key Players to Forge Alliances to Create Sustainable Solutions

In a bid to speed up the research & development and production of sustainable Blood Glucose Monitoring market solutions, major market players are building alliances with other industry leaders to widen the scope of their businesses. The focus of these collaborations is to formulate the growth that will make the Blood Glucose Monitoring industry more profound, which in turn will future-proof these companies’ offerings.

Qualitative Insights on Impact of COVID-19 on Global Blood Glucose Monitoring Market
Supply Chain Analysis & Challenges due to Covid-19
Steps taken by Government / Companies to Overcome this Impact
Potential Challenges and Opportunities due to COVID-19 Outbreak

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This release was published on openPR.