Glucose Monitoring Devices Market Is Anticipated To Record A Valuation Of US$ 21,850.9 Million by 2027, A Recent Study by The Insight Partners

A new statistical surveying study titled Glucose Monitoring Devices Market investigates a few critical features identified with Glucose Monitoring Devices Market covering industry condition, division examination, and focused scene. Down to earth ideas of the market are referenced in a straightforward and unassuming way in this report. A far-reaching and exhaustive essential investigation report features various actualities, for example, improvement factors, business upgrade systems, measurable development, monetary benefit or misfortune to support peruses and customers to comprehend the market on a global scale.

The report presents the market competitive landscape and consistent in-depth analysis of the major vendor/key players in the market along with the impact of economic slowdown due to COVID.

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The market for glucose monitoring devices in North America is majorly contributed by the US. The market in the region is experiencing robust growth owing to the significantly rising prevalence of diabetes across the countries. The market is also driven by the awareness programs and initiatives to prevent the growth of diabetes; moreover, the changes in reimbursement scenarios are likely to add up to the growth during the forecast period. Diabetes is commonly seen in the elderly. However, the prevalence of diabetes is also seen among the overweight and obese population. According to the data published by the Center for Disease Control and Prevention in 2017, it stated that ~30.3 million people, which represents 94% of the population, are suffering from diabetes. Among these, nearly 23.1 million people are diagnosed with diabetes and around 7.2 million people are not diagnosed with proper procedures.

The global glucose monitoring devices market, based on product, is segmented into glucometers, lancets, testing strips, and other glucose monitoring devices. The testing strips segment was the largest among the product subsegments in the market in 2018 and is expected to witness growth in its demand at the fastest CAGR of 7.0% during 2019-2027. The global glucose monitoring devices industry, based on end user, is segmented into home care and hospitals & clinics. The homecare segment held a larger share of the market in 2018 and is expected to witness growth in its demand at a faster CAGR during 2019-2027.

The report on the Glucose Monitoring Devices market includes information on the strategic collaborations. The study also mentions the key players across the Glucose Monitoring Devices market. Here are some prominent participants involved in the Glucose Monitoring Devices Market - Major Players: F. Hoffmann-La Roche LTD.; B.Braun Melsungen AG; Medtronic; Abbott; Lifescan, Inc; Ascensia Diabetes Care Holdings AF; YPSOMED AG; Omron Corporation; GE Healthcare; and Nipro Corporation

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Increasing Prevalence of Obesity Worldwide Fueling Glucose Monitoring Devices Market Growth
Obesity is one of the significant concerns globally. It is one of the major issues that affect people of all ages. According to World Health Organization (WHO), in 2016, more than 1.9 billion adults aged 18 years and older were overweight. Lack of exercise, unhealthy diet, and rapid growth in the obese population are expected to increase the susceptibility of diabetes among the population globally. Hence, this is expected to increase the demand for insulin delivery devices in the coming years.

Glucose Monitoring Devices Market: Segmental Overview

Product-Based Insights
The global glucose monitoring devices market, based on product, is segmented into glucometers, lancets, testing strips, and other glucose monitoring devices. The testing strips segment is the largest among the product subsegments in the market in 2018; it is also expected to witness growth in its demand at the fastest CAGR of 7.0% during 2019-2027.

End User-Based Insights
The global glucose monitoring devices market, based on end user, is segmented into home care and hospitals & clinics. The homecare segment held a larger share in 2018 and is expected to witness growth in its demand at a faster CAGR during 2019-2027

To comprehend global Glucose Monitoring Devices market dynamics in the world mainly, the worldwide market is analyzed across major global regions: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia), South America (Brazil, Argentina), Middle East & Africa (Saudi Arabia, UAE, Egypt and South Africa)

The Key Highlights of the Report:
• Estimates on market size by key regions/countries, product type and application, history data and forecast to 2028.
• The structure of global Glucose Monitoring Devices market by identifying its various sub-segments
• Analysis of the value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
• Detailed information about the key factors influencing the growth of the market including growth potential, opportunities, drivers, industry-specific challenges and risks.

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About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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