Global Demand For Glucose Biosensors To Surpass USD 42.9 billion By The End Of 2031

The global glucose biosensors Market was valued at USD 11.9 billion in 2021 and it is anticipated to grow up to USD 42.9 billion by 2031, at a CAGR of 13.7% during the forecast period.

To Remain 'Ahead' Of Your Competitors, Request for A Sample - https://www.globalinsightservices.com/request-sample/GIS24304

A glucose biosensor is a device that uses an enzyme to catalyze the oxidation of glucose to generate a current, which is proportional to the concentration of glucose in the sample. The enzyme used in most glucose biosensors is glucose oxidase (GOx), which oxidizes glucose to gluconic acid and hydrogen peroxide. The hydrogen peroxide is then reduced to water by a catalyst, usually platinum, and the current generated is proportional to the concentration of glucose.

Read more about glucose biosensors market here: https://www.globalinsightservices.com/reports/glucose-biosensors-market/

Major Players in the Global Glucose Biosensors Market

The key players in the glucose biosensors market are Ascensia Diabetes Care Holdings AG. (Senseonics, Inc.), Abbott, Lifescan, Inc., Universal Biosensors, Nova Biomedical, Med Trust, Taidoc Technology Corporation, Roche AG, and Dexcom, among others.

Glucose Biosensors Market Segmentation

By Product

CGM (Continuous Glucose Monitoring)
SMBG (Self-Monitoring Blood Glucose)
By Technology

Electrochemical Biosensors
Optical Biosensors

Get Customized Report as Per Your Requirement - https://www.globalinsightservices.com/request-customization/GIS24304

Market Trends and Drivers

There has been a substantial rise in the number of people diagnosed with diabetes worldwide, which could propel glucose biosensors market statistics. According to the IDF (International Diabetes Federation), around 537 million people between the ages of 20 to 79 years were diagnosed as diabetics in 2021. Categorically, around 1.2 million patients, mainly adolescents and children, have type 1 diabetes whereas close to 541 million adults are at risk of getting type 2 diabetes. A socio-economic analysis by the World Health Organization (WHO) in 2021 showcased that diabetes is more prevalent in middle and low-income countries in comparison to high-income countries, which has increased the product demand.

Buy Now - https://www.globalinsightservices.com/checkout/single_user/GIS24304

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

New Report Published by Global Insight Services : https://www.globalinsightservices.com/reports/hydrogen-projects-database/

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust and transparent research methodology, and superior service.

This release was published on openPR.