Blood Glucose Monitoring MarketResearch Analysis with Trends and Opportunities To 2030

The global Blood Glucose Monitoring market size has been estimated at US$13.95 billion in 2021 and US$23.01 billion in 2027, which is expected to register a CAGR of 8.7% during the forecast period 2021-2027. Blood glucose monitors are economically advantageous and widely used for effective diabetes management in hospitals, clinics and home health care settings. This will remain an important factor driving the growth of the Blood Glucose Monitoring market. The market will continue to benefit from rapid technological innovations, advances in continuous glucose monitoring devices and the benefit of early detection of hypo- and hyperglycemic diabetes.

According to the International Diabetes Federation (IDF), as of 2020, more than 450 million adults were living with diabetes, of which almost 90% have type 2 diabetes. With such a high prevalence rate, it is imperative to monitor blood glucose levels regularly to prevent an episode of hypo- or hyperglycemia. Extremely high prevalence of type 2 diabetes is expected to drive blood glucose monitoring globally during the forecast period.

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Key growth affecting factors likely to be associated with the global Blood Glucose Monitoring Market during the forecast period
Key elements driving this market are the rising prevalence rate of diabetes and the growing geriatric population susceptible to diabetes. The market is further fueled by the development of mindfulness around diabetes prevention, new product launches and favorable government initiatives. With a growing patient population living with diabetes and increasing patient awareness of routine blood glucose monitoring at home, the demand for blood glucose meters will continue to grow. This is also expected to be aided by the favorable reimbursement policies for continuous glucose monitoring systems and self-monitoring devices. These devices are popular with consumers because they help track and understand treatment goals,

The growing public awareness of the health hazards of diabetes and the importance of regular home health monitoring as a preventive measure will greatly contribute to increasing blood glucose meter sales in the market. The growing propensity to use smart monitoring apps is also expected to drive the growth of the blood glucose monitoring market over the forecast period. However, inadequate reimbursement and high costs associated with the use of blood glucose meters and product recalls are some of the main factors that negatively impact blood glucose meter sales.

Impact of COVID-19 on Blood Glucose Monitoring Market
With the outbreak of COVID-19, the demand for blood glucose monitoring devices has increased significantly as diabetes remains one of the major comorbidities and the diabetic population remains the one at high risk of contracting the viral infection and it to spread further. The growing importance of home health monitoring amid the pandemic has also had a positive impact on the blood glucose monitoring market value in 2020 and beyond. Companies operating in the healthcare device segment have seen a jump in sales in their diabetes care divisions. In addition, the pandemic also prompted an emergency assessment in hospitals for continuous glucose monitoring, to enable reliable monitoring of diabetic COVID-19 patients and limit their exposure to preserve the health of health professionals working nearby. In the US, the FDA has even issued a new guideline for the expansion of remote health monitoring devices suitable for home use.

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Report Scope
The report outlines the global Blood Glucose Monitoring market study based on Type, Devices and End Users.

Based on Type, Blood Glucose Monitoring Market has been segmented into -
Invasive
Non-Invasive
Based on Device, Blood Glucose Monitoring Market has been segmented into -
Continuous Blood
Glucose Monitoring System Self-Monitoring Glucose Monitoring System
Based on End User, Blood Glucose Monitoring Market has been segmented into:
Hospitals
Diagnostic
Center Clinics
Other
Regional Outlook for Blood Glucose Monitoring Market
Based on region, Blood Glucose Monitoring Market has been segmented into five geographic regions namely North America, Asia Pacific, Europe, South America, Middle East and Africa. In 2020, North America held the largest share of the blood glucose monitoring market, followed by Europe and Asia Pacific. In North America, the United States held the largest share due to the large patient pool, large healthcare companies, and advanced technologies. Additionally, Asia-Pacific is expected to register the world's highest CAGR over the forecast period.

The major competitors of the global blood glucose monitoring
market include Blood Glucose Monitoring Devices Market is very fr

agmented, with a large number of small players around the world. The major Blood Glucose Meter manufacturers operating in the global market are -

Abbott Labors
ARKRAY, Inc.
BayerAG
Dexcom, Inc.
Lifescan Inc.
Ascensia Diabetes Care Holdings AG
B. Braun Melsungen AG
Terumo Medical Corporation
Medtronic plc
Nipro Diagnostics, Inc.
F. Hoffmann-La Roche AG
NU Skin Enterprises
NBTY Inc.
Herbalife International
Bionava Biowissenschaften.
Blood Glucose Monitoring Market report provides thorough analysis of macroeconomic factors and market attractiveness of each segment. The report will provide an in-depth qualitative and quantitative assessment of the segmental/regional prospects with the presence of market players in each segment and each region/country. The information completed in the report includes the inputs.

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Blood Glucose Monitoring Market Report Covers Comprehensive Analysis
Market Segmentation & Regional Analysis
10
Year Market Size Pricing Analysis
Supply & Demand Analysis
Product Life Cycle Analysis
Porter's Five Forces & Value Chain Analysis Developed &
Emerging Markets Analysis
PEST Analysis
Market & Forecast Factor Analysis Market
Opportunities, Risks & Trends
Conclusion & Recommendation
Regulatory
Landscape Patent Analysis
Competitive
Landscape 15+ Company
Profiles Blood Glucose Monitoring Market Regional Analysis includes
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Colombia, Peru, rest of Latin America)
Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, rest of Europe )
Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, rest of Asia Pacific)

The Middle East and Africa (Saudi Arabia, UAE, South Africa, North Africa, Rest of MEA Blood Glucose Monitoring Market
Target Glucose Meter
Vendors Glucose Meter
Manufacturers
Hospitals and Clinics
Homecare Diagnostics
Medical Research
Laboratories R&D Companies

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