Glucometer Market Growth Drivers, Key Players, Competitive Strategies, Industry Size, Booming Segments And Revenue Analysis || Abbott Laboratories, Medtronic plc., F. Hoffmann-La Roche Ltd., Bayer AG

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Glucometer Market Size, Growth Rate, And Forecast

The global glucometer market is expected to grow from $11.98 billion in 2022 to $13.12 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. 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 glucometer market is expected to reach $18.65 billion in 2027 at a CAGR of 9.2%.

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Glucometer Market Drivers

The increase in the prevalence of diabetes is driving the demand for the glucometer market going forward. Diabetes is a long-lasting metabolic condition. It is characterized by high blood glucose (also known as blood sugar) levels, which over time cause significant harm to the heart, blood vessels, eyes, kidneys, and nerves. People who are suffering from diabetes use a glucometer to monitor their blood glucose levels. Therefore, with an increase in diabetes among people, the demand for glucometers is also increasing. For instance, in December 2021, according to the statistics published by International Diabetes Federation, a Belgium-based, non-profit diabetes association, 537 million adults (20-79 years) recorded living with diabetes, and 6.7 million people died of diabetes in 2021. However, by 2030, it is anticipated that there will be 643 million people worldwide will have diabetes. Therefore, the increase in the prevalence of diabetes drives the glucometer market.

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Glucometer Market Segments

• By Product: Continuous Glucose Monitoring Devices, Self-Monitoring Blood Glucose System

• By Technique: Invasive, Non-Invasive

• By Distribution Channel: Institutional Sales, Hospitals, Clinics, Retail Sales, Hospital Pharmacies, Retail Pharmacies, Online Pharmacies

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the glucometer market.

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Glucometer Market Key Players
Major competitors in the glucometer market are Abbott Laboratories, Medtronic plc., F. Hoffmann-La Roche Ltd., Bayer AG, Dexcom Inc., B Braun Melsungen AG, Johnson & Johnson Services Inc., Omron Corporation, Acon Laboratories Inc., Arkray Inc., NOVA.

The Business Research Company's "Global Glucometer Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Glucometer Market Include:
1. Executive Summary
2. Glucometer Market Characteristics
3. Glucometer Market Trends And Strategies
4. Glucometer Market - Macro Economic Scenario
5. Glucometer Market Size And Growth
………………
27. Glucometer Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Glucometer Market
29. Glucometer Market Future Outlook and Potential Analysis
30. Appendix

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