Global Blood Glucose Monitoring Market Opportunities Keep the Bullish Growth Alive With A CAGR Of 10.42%

The global blood glucose monitoring market is projected to experience substantial growth over the next few years, according to a new market research report. The report, published by Market Square Insights, predicts that the market will grow at a compound annual growth rate (CAGR) of 10.42% from 2022 to 2030, reaching a total market value of USD 32.4 billion by the end of the forecast period.

The increasing prevalence of diabetes, the rising geriatric population, and the growing adoption of continuous glucose monitoring (CGM) devices are some of the key factors driving the growth of the blood glucose monitoring market. Furthermore, the growing demand for non-invasive blood glucose monitoring devices and the increasing use of smartphones and other mobile devices for managing diabetes are also expected to contribute to market growth in the coming years.

In terms of product type, the market is segmented into self-monitoring blood glucose (SMBG) devices, continuous glucose monitoring (CGM) devices, and others. The SMBG devices segment currently holds the largest market share, but the CGM devices segment is expected to grow at a faster rate over the forecast period.


Key research findings and Scope:

• Increasing population of elderly people in developing nations has led to an increased number of people monitoring blood glucose or diabetes.

• China has the largest number of adults with diabetes, ages 21-80 years followed by India and Pakistan

• In 2019 there was 3% increase in diabetes mortality rates by age and currently the ageing population is increasing and living in mostly in low and middle - income countries

These factors have become key drivers in the growth of the market.

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Recent Developments:

• According to recent news Abbott Laboratories' FreeStyle Libre 2 and Libre 3 continuous glucose monitors will now integrate with automated insulin delivery systems, positioning the company as a competitor to Dexcom.

• Sanofi followed by Novo Nordisk and Eli Lilly co. have recently slashed prices of Insulin, the reason being an increasing number of the population demanding this life saving drug.

• Apple has recently announced to launch glucose monitoring on its apple watch.


Key Companies Profile in the Report:

• Becton
• Dickinson and Co.
• Terumo Corporation
• Acon Laboratories Inc.
• Roche Diagnostics Ltd.
• Johnson & Johnson
• ARKRAY Inc.
• Novo Nordisk A/S
• Medtronic
• Abbott Laboratories
• Bayer AG
• Ypsomed AG
• Sanofi


Market Segmentation of the market:

By Type:
• Blood Glucose Metres
• Continuous Glucose Monitoring Devices
• Lancets
• Blood Glucose Testing Strips

By Application:
• Hospital Use
• Clinic Use
• Household

Get detailed analysis of the report > https://marketsquareinsights.com/blood-glucose-monitoring-bgm/


Key Indicators Analysed:
> Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2015-2022 & Sales by Product Types.

> Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2021-2030. Further the report provides breakdown details about each region & countries covered in the report. Identifying its production, consumption, import & export, sales volume & revenue forecast.

> Market Analysis by Product Type: The report covers majority Product Types in the Blood Glucose Monitoring (BGM) Industry, including its product specifications by each key player, volume, sales by Volume and Value (M USD).

> Market Analysis by Application Type: Based on the Blood Glucose Monitoring (BGM) Industry and its applications, the market is further sub-segmented into several major Applications of its industry. It provides you with the market size, CAGR & forecast by each industry application.

> Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

> Opportunities and Drivers: Identifying the Growing Demands and New Technology

> Porters Five Force Analysis: The report will provide with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.


Key Reasons to Purchase:

> To gain insightful analyses of the market and have a comprehensive understanding of the global market and its commercial landscape.

> Assess the production processes, major issues, and solutions to mitigate the development risk.

> To comprehend the industry's most important driving and restraining forces, as well as their influence on the global market.

> Learn about the market strategies used by the most successful companies in their fields.

> To understand the future outlook and prospects for the market.

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Find Us:
Miss. Akshita Jain
Market Square Insights
New Sangavi, Pune-61,Maharashtra, India
Phone: IND: +91 9405802422
USA: +1 315 557 6479
Email: sales@marketsquareinsights.com

About Us:
Market Square Insights is a market research and consulting firm.

At Market Square Insights, we understand research requirements and help a client in taking informed business-critical decisions. The company focuses on helping the clients achieve transformational growth by helping them make crucial business decisions. At Market Square Insights, we diligently study emerging trends across various industries at global and regional levels, to identify potential opportunities for our client.

This release was published on openPR.