Press release
"The increasing prevalence of chronic diseases across the globe is expected to fuel the growth of the Global Smart Glucose Meter Market says a market report by RationalStat"
The report titled "Global Smart Glucose Meter Market" assesses the smart glucose meter market globally based on product type, application, distribution channel, end-use, and region. A comprehensive report provides a detailed historical and future market size with trend analysis. RationalStat provides market share analysis, production capabilities of the top companies, Covid-19 impact analysis, an overview of the competition, market strategies, and potential growth areas for the target players evaluated in the global smart glucose meter market study.Market Dynamics: The growth of Smart Glucose Meters in developing economies is strongly backed by government support which is expected to fuel the market growth
The global smart glucose meter market is expected to grow at a CAGR of around 10% during the forecast period of 2022-2028. The prevalence of diabetes has been increasing considerably in recent years which has spurred the demand for glucose meters. According to the World Health Organization (WHO), diabetes was the ninth leading cause of mortalities with around 1.5 million mortalities directly caused by it.
• Growing support from the governments of various economies is expected to contribute to the growth of the global smart glucose meter market as these governments focus on modernizing healthcare infrastructure in their respective countries.
• Furthermore, a wireless network connection and multi-parameter versions available in the smart glucose meters make them easier to use, thereby, driving their demand.
• In addition, the rising prevalence of Type-2 diabetes owing to unhealthy eating habits and increased alcohol consumption is anticipated to fuel the market growth of the smart glucose meter market. Besides, the global population is willing to undergo minimally invasive treatment and spend more on their healthcare.
Segmental Analysis: The growing adoption of advanced technological devices and the upsurge in the number of diabetic patients are expected to lead the growth of the global smart glucose meter market in the upcoming years
• Among these, Self-Monitoring Blood Glucose (SMBG) is estimated to hold a prominent share of the market while Continuous Glucose Monitoring (CGM) is projected to exhibit a considerable growth rate during the forecast period.
• Based on the distribution channel, the offline channel is estimated to hold a prominent share in the global market as the majority of the population prefers to purchase smart glucose meters from hospital pharmacies and retail pharmacies and is a source of trusted and genuine products for the population.
• Based on End-use, the Hospital sector holds a majority of the market share in the global smart glucose meter market owing to the demand from patients who prefer hospitals for treatment.
• Based on region, Asia Pacific holds a dominant share of the global smart glucose meter market owing to increasing healthcare awareness, an increasing number of diabetic patients, and the presence of various industry players in the region.
Competition Analysis:
Due to the presence of many well-established companies in the global smart glucose meter market, there is intense competition in the global smart glucose meter market. The global smart glucose meter market is expected to witness a pool of opportunities due to the emergence of obesity as a result of lifestyle changes, unhealthy eating habits, increasing alcohol consumption, reduced physical activity, etc. are in turn increasing obesity cases which are expected to fuel the demand for smart glucose meters in the global smart glucose meter market.
Acquisitions, product launches, and partnerships are the identified industry trend in the global smart glucose meter market. Significant consolidation is expected in the global smart glucose meter market during the forecasting period 2022-2028.
• In April 2022, DexCom, Inc launched the new Dexcom ONE Continuous Glucose Monitoring System, which will be available in the UK. The Dexcom ONE system is a simple-to-use real-time CGM (rt-CGM) that will be more inexpensive and accessible for diabetics in the UK and it will be evaluated for inclusion in drug tariffs in the United Kingdom.
• In December 2021, Medtronic plc announced that the US Centers for Medicare & Medicaid Services (CMS) will expand into all forms of continuous glucose monitors (CGMs), including adjunctive and non-adjunctive CGMs, and would be covered by Medicare. CGMs that work with Medtronic insulin pumps are included in this category.
Some of the prominent players include Novo Nordisk, Medtronic plc, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Bayer AG, LifeScan IP Holdings LLC, Dexcom Inc., Sanofi SA, Elly Lilly and Company, and B Braun Melsungen AG among others. These companies use several tactics to reinforce their market share and acquire a competitive advantage over their competitors.
RationalStat has segmented the global smart glucose meter market on the basis of product type, application, distribution channel, end-use, and region.
• By Product Type
o Self-Monitoring Blood Glucose (SMBG) Systems
o Continuous Glucose Monitoring (CGM) Systems
• By Application
o Type 2 Diabetes
o Type 1 Diabetes
o Gestational Diabetes
• By Distribution Channel
o Online
o Offline
Institutional Sales
Retail Pharmacies
Hospital Pharmacies
• By End Use
o Hospitals
o Home Care
o Diagnostic Centre
o Others (Clinics)
• By Region
o North America
US
Canada
o Latin America
Brazil
Mexico
Rest of Latin America
o Western Europe
Germany
UK
France
Spain
Italy
Nordic
Benelux
Rest of Western Europe
o Eastern Europe
Russia
Poland
Rest of Eastern Europe
o Asia Pacific
China
Japan
India
South Korea
Australia
ASEAN (Indonesia, Vietnam, Malaysia, etc.)
Rest of Asia Pacific
o Middle East & Africa
GCC
South Africa
Turkey
Rest of the Middle East & Africa
For more information about this report https://store.rationalstat.com/store/global-smart-glucose-meter-market-investment-growth-opportunity-analysis/
Contact
RationalStat LLC
Kimberly Shaw, Content and Press Manager
sales@rationalstat.com
Phone: +1 302 803 5429
RationalStat is an end-to-end US-based market intelligence and consulting company that provides comprehensive market research reports along with customized strategy and consulting studies. The company has sales offices in India, Mexico, and the US to support the middle east and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client's needs. Additional services offered by the company include consumer research, country reports, risk reports, procurement intelligence, data analytics, and analytical dashboards.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release "The increasing prevalence of chronic diseases across the globe is expected to fuel the growth of the Global Smart Glucose Meter Market says a market report by RationalStat" here
News-ID: 2788557 • Views: …
More Releases from RationalStat LLC

Latest Market Study | Global Lipstick Filling Machine Market Size, Share, & Fore …
The global lipstick filling machine market is expected to reach US$ 88.2 million by 2030, with an annual growth rate of more than 4.5%.
According to RationalStat's recent industry analysis, the Global Lipstick Filling Machine Market value is estimated at US$ 64.8 million in 2023 and is expected to rise at a strong CAGR of over 4.5% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report Overview
A lipstick…

Published Market Report | Global Railway Systems Market Size, Share, & Forecast …
The global railway systems market is expected to reach US$ 29.2 billion by 2030, with an annual growth rate of more than 3.6%.
According to RationalStat's recent industry analysis, the Global Railway Systems Market value is estimated at US$ 22.8 billion in 2023 and is expected to rise at a strong CAGR of over 3.6% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report Overview
Railway systems, also known…

Published Market Report | Global Window Blinds Market Size, Share, & Forecast 20 …
The global window blinds market is expected to reach US$ 3.7 billion by 2030, with an annual growth rate of more than 3.8%.
According to RationalStat's most recent industry analysis, the Global Window Blinds Market value is estimated at US$ 2.9 billion in 2023 and is expected to rise at a strong CAGR of over 3.8% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report Overview
Window blinds are…

Ointment and Cream Manufacturing Plant Market Report 2023 | Ointment and Cream M …
The global ointment and cream manufacturing plant market is expected to approach US$ 388.7 million by 2030, with an annual growth rate of more than 5.9%
Global Ointment and Cream Manufacturing Plant Market is valued at US$ 260.9 million in 2023 and is expected to grow at a significant CAGR of over 5.9% over the forecast period of 2023-2030, according to the published market report by RationalStat
Market Definition, Market…
More Releases for Glucose
Glucose Syrup And Glucose Fructose Syrup Market Size by Application, Type, Geogr …
USA, New Jersey- According to Market Research Intellect, the global Glucose Syrup And Glucose Fructose Syrup market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The glucose syrup and glucose fructose syrup market is witnessing consistent growth due to their widespread use across the food and…
Industrial Glucose Market Is Driven By Industrial Glucose In Various Industries, …
Industrial glucose, also known as dextrose, serves as a vital ingredient across various industries, including food and beverage, pharmaceuticals, cosmetics, and the production of biofuels. This versatile sweetener and carbohydrate source play a fundamental role in manufacturing processes. The global industrial glucose market has witnessed significant growth, driven by key drivers and marked by noteworthy trends that are reshaping its applications and demand across industries.
Download Free PDF Sample Report @https://www.globalinsightservices.com/request-sample/GIS25657/?utm_source=OpenPR-Sneha&utm_medium=industrial-glucose-market
Key…
Continuous-Blood Glucose Monitoring Market - Continuous Monitoring, Embracing St …
Newark, New Castle, USA - new report, titled Continuous-Blood Glucose Monitoring Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Continuous-Blood Glucose Monitoring market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Continuous-Blood Glucose Monitoring market. The report offers an overview of…
Glucose Elevating Agents Market - Elevate Control, Empower Health: Innovations i …
Newark, New Castle, USA - new report, titled Glucose Elevating Agents Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Glucose Elevating Agents market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Glucose Elevating Agents market. The report offers an overview of…
Blood Glucose Monitoring Market analysis report- with Leading players, Applicati …
Blood Glucose Monitoring Market
The Global Blood Glucose Monitoring Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. One of the main aims of diabetes treatment is to keep blood glucose levels within a specified target range. The key is balancing your food with your activity, lifestyle and diabetes medicines. Blood glucose monitoring…
Asia Pacific Blood Glucose Monitoring Market by Product Type, Invasive Glucose M …
Asia Pacific Blood Glucose Monitoring Market - Overview
Blood glucose monitoring is the process of testing the glucose level in the blood. It helps to identify the blood glucose level within the specified target range. Thus, it helps to understand the food intake, exercise, insulin, and blood glucose level. The blood glucose monitoring devices provide useful information to manage diabetes. It helps to track the progress of treatment goal as well…