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Self Monitoring Blood Glucose Devices Global Market By Product Type, By Application, By Device, By Modality, By Patient Type, By End User, By Region And Segment Forecasts, 2023-2032 | Abbott Laboratories, Bionime Corporation, LifeScan Inc., ARKRAY Inc., D
As per the self-monitoring blood glucose (smbg) devices market report by The Business Research Company, The rising prevalence of diabetes is expected to propel the growth of the self-monitoring blood glucose device market going forward.
The global self-monitoring blood glucose (smbg) devices market size grew from $13.24 billion in 2022 to $14.59 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The self-monitoring blood glucose (smbg) devices market size is expected to grow to $20.29 billion in 2027 at a CAGR of 8.6%.
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Major competitors in the self-monitoring blood glucose (smbg) devices market include Abbott Laboratories, Bionime Corporation, B. Braun Melsungen AG, F. Hoffmann-La Roche Ltd., LifeScan Inc., PHC Holdings Corporation, Home Diagnostics Inc., Terumo Pharmaceutical Solutions, ARKRAY Inc., Ypsomed Holding AG, Dexcom Inc., Medtronic PLC., Novo Nordisk, Glysens Incorporated, and Senseonics Holdings.
The self-monitoring blood glucose (smbg) devices market is segmented -
• By Product: Self-Monitoring Blood Glucose Meters, Continuous Glucose Monitors, Testing Strips, Lancets
• By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Sales, Diabetes Clinics & Centers
• By Application: Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. North America was the largest region in the self-monitoring blood glucose (smbg) devices market.
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Self-monitoring blood glucose (SMBG) device refers to portable instruments that can identify the possibilities of diabetes. These devices usually measure glucose levels by obtaining a small drop of blood from patients by pricking their fingers. International guidelines recommend this method for managing a patient's diabetes successfully. The self-monitoring blood glucose (SMBG) device are used to measure the concentration of glucose in the blood.
The Table of Content for The Self-Monitoring Blood Glucose (Smbg) Devices Market Include:
1. Executive Summary
2. Self-Monitoring Blood Glucose (SMBG) Devices Market Characteristics
3. Self-Monitoring Blood Glucose (SMBG) Devices Market Trends And Strategies
4. Self-Monitoring Blood Glucose (SMBG) Devices - Macro Economic Scenario
5. Self-Monitoring Blood Glucose (SMBG) Devices Market Size And Growth
.....
26. Africa Self-Monitoring Blood Glucose (SMBG) Devices Market
27. Self-Monitoring Blood Glucose (SMBG) Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Self-Monitoring Blood Glucose (SMBG) Devices Market
29. Self-Monitoring Blood Glucose (SMBG) Devices Market Future Outlook and Potential Analysis
30. Appendix
The "Global Self-Monitoring Blood Glucose (Smbg) Devices Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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