Smart Glucose Meter Market Estimation: Acclaimed Players - Novo Nordisk, Medtronic plc, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Bayer AG, LifeScan IP Holdings LLC, Dexcom Inc., Sanofi SA

Global Smart Glucose Meter Market Analysis and Forecast 2019-2028 The global smart glucose meter market is expected to grow at a CAGR of over 7.5% during the forecast period.

The market growth is attributed to the increasing cases of diabetes, which in turn, is propelling the need for smart glucose monitors and hence driving the market growth. There is high demand for blood glucose monitoring devices especially among the diabetic population as these devices read blood sugar levels in real-time. The rise in patient awareness and concerns about blood sugar levels has resulted in the increasing number of self-monitoring blood sugar users. This is estimated to fuel the growth of the global smart glucose monitors market.

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Market Segmentation

The global smart glucose meter market has been analyzed on the basis of product type, application, distribution channel, end use, and region. Based on product type, the market is segmented into self-monitoring blood glucose (SMBG) systems and continuous glucose monitoring (CGM) systems. Among these, SMBG is estimated to hold a prominent share in the market while CGM is projected to exhibit a considerable growth rate during the forecast period. Based on application, the market is segmented into type-2 diabetes, type-1 diabetes, and gestational diabetes. Type 2 diabetes is projected to witness substantial growth due to soaring obesity problems.

Based on distribution channel, the market is segmented into online and offline. Among these, offline channel is estimated to hold a prominent share in the market while online segment is estimated grow at a significant rate during the forecast period. By end use, the market is segmented into hospitals, home care, retail pharmacies, diagnostic centers, and others. Among these, hospital segment is estimated to hold a prominent share in the market. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to hold a prominent share in the market.

Market Structure and Competition Landscape

The smart glucose meter market is characterized by the presence of a significant number of players operating in the market. 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. Mergers & acquisitions, partnerships and collaborations, expansions, and product launches are some of the strategies followed by industry players. Some of the key developments in the smart glucose meter market include:

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.

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Table of Content:

Chapter One: Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation

Chapter Two: Assumptions and Acronyms

Chapter Three: Executive Summary
3.1. Global Market in2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends

Chapter Four: Research Methodology

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Chapter Five: Analysis of COVID-19 Impact and Road Ahead

Chapter Six: Market Indicators and Background
6.1. Macro-Economic Factors
6.1.1. Global Population Overview and Forecast
6.1.2. Per Capita Income Analysis in Select Countries
6.1.3. Diabetic Disorders in Select Countries
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players, expenditures, economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Raw Material Suppliers
6.3.2. Smart Glucose Meter Manufacturers
6.3.3. Key End Uses
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter's Five Forces Analysis

Chapter Seven: Government Laws and Industry Regulations

Chapter Eight: Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities

Chapter Nine: Global Smart Glucose Meter Market: Key Investment Analysis

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