Self-monitoring Blood Glucose Devices Market Increasing Awareness About Diabetes Preventive Care Drives Growth, and Forecast 2029- Roche Roche Diagnostics, Lifescan

The Self-monitoring Blood Glucose Devices Market research report provides all the information related to the industry. It gives the markets outlook by giving authentic data to its client which helps to make essential decisions. It gives an overview of the market which includes its definition, applications and developments, and manufacturing technology. This Self-monitoring Blood Glucose Devices market research report tracks all the recent developments and innovations in the market. It gives the data regarding the obstacles while establishing the business and guides to overcome the upcoming challenges and obstacles.

Self-monitoring Blood Glucose Devices Market size was worth more than USD 24.3 billion in 2022 and is anticipated to expand at over 9.5% CAGR from 2023-2029. Growing awareness regarding at-home diabetes management is expected to complement the market expansion.

Get Free PDF Sample Copy of Report:

https://www.marketintelligencedata.com/reports/8522832/global-self-monitoring-blood-glucose-devices-market-growth-2023-2029/inquiry?mode=Jessie

Significant Players Covered in the Self-monitoring Blood Glucose Devices Market Report:

Roche Roche Diagnostics, Lifescan, Abbott Laboratories, Terumo, Ascensia(Bayer)

Market Segmentation: By Types

Strips

Glucose Meter

Lancet

Other

Market Segmentation: By Application

Public Hospital

Private Hospital

Clinics

Pharmacy Shops

Market Drivers: Use Of Blood Glucose Monitoring Devices In Fitness, Dieting And Wellness

Increasing use of blood glucose monitoring devices in fitness is expected to drive the SMBG market going forward. Since intensive training requires self-testing and monitoring at home, athletes often opt for periodic blood testing to check for deficiencies or other health markers. These tests typically include ones for glucose concentration and fasting blood sugar. Testing blood sugar level using SMBG device is considered as accurate during exercise when blood sugar level fluctuates frequently, as it's more accurate to use the fingertip than testing at alternate sites which may give significantly different results in these situations.  Thus, use of blood glucose devices in fitness will propel the growth of the market.

Market Restraints: Rise In Interest Rates

Interest rates globally are forecasted to rise in most of the developing and developed economies during the forecast period and this is expected to limit new investments in the market. Most countries across the world are raising interest rates to control inflation and also to limit the flow of capital out of the country. This is likely to affect new investments in terms of expansion, research and development of new products. For instance, the US Federal Reserve has raised the effective Federal Funds interest rate from 0.08% in January 2022 to 3.08% at the end of September 2022.  These factors are expected to have a negative impact on the self-monitoring blood glucose (SMBG) devices market as borrowing money becomes expensive, thereby affecting the market growth.

Regional Analysis for Self-monitoring Blood Glucose Devices Market:

North American Market (USA, Canada, North America, Mexico),

European Market (Germany, France, UK, Russia, Italy),

Asia Pacific Market (China, Japan, South Korea, Asian Countries, India, Southeast Asia),

South American Market (Brazil, Argentina ) , Colombia, etc.),

Middle East and Africa Market (Saudi Peninsula, UAE, Egypt, Nigeria, South Africa)

North America led the market with a revenue share of over 38.0% in 2022 owing to its well-established healthcare sector. The increasing prevalence of obesity, high cost of treatment, technological advancements, and new product launches are also expected to drive the regional market. Europe is expected to capture a significant revenue share over the forecast period due to an increase in the geriatric population, which is prone to diabetes. Moreover, improvements in the healthcare sector and the implementation of advanced medical products are augmenting the demand for BGMs in the region.

Table of Contents:

Chapter 1 Self-monitoring Blood Glucose Devices Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Self-monitoring Blood Glucose Devices Market Forecast

Read the full analysis report for better understanding (description, TOC, list of tables and figures, and much more):

https://www.marketintelligencedata.com/reports/8522832/global-self-monitoring-blood-glucose-devices-market-growth-2023-2029?mode=Jessie

The research provides answers to the following key questions:

-What is the projected market size of the Self-monitoring Blood Glucose Devices market by 2029?

-What will be the normal portion of the overall industry for impending years?

-What is the significant development driving components and restrictions of the worldwide Self-monitoring Blood Glucose Devices market across different geographic?

-Who are the key sellers expected to lead the market for the appraisal time frame 2023 to 2029?

-What is the moving and arising advances expected to influence the advancement of the worldwide market?

-What are the development techniques received by the significant market sellers to remain ahead on the lookout?

Global Self-monitoring Blood Glucose Devices Market Report: Key Features

- A comprehensive global and regional analysis of the Self-monitoring Blood Glucose Devices market is also cited in this report.

- Provides detailed coverage of all industry segments in the Self-monitoring Blood Glucose Devices market to evaluate potential trends, development strategies, and industry size estimations as of 2029.

- The report referred to an in-depth assessment of companies that function in the global Self-monitoring Blood Glucose Devices market.

- Each industry participant's company profile includes industry portfolio examination, sales revenue, SWOT analysis and recent developments.

- Growth projections examine product segments and regions where industry-leading contributors should focus on investment trends, production/consumption ratios, and more.

Buy Latest Edition of Market Study Now @

https://www.marketintelligencedata.com/report/purchase/8522832?mode=su?mode=Jessie

Key Benefits for Industry Participants and Stakeholders

Competitive landscape & strategies of key players

Historical, current, and projected market size, in terms of value

In-depth analysis of the Self-monitoring Blood Glucose Devices Market

Potential and niche segments and regions exhibiting promising growth covered

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Custom services available with the report:

- 20% free customization.

- You can add 5 countries according to your choice.

- You can add 5 companies according to your choice.

- Free customization up to 40 hours.

- 1 year post-delivery support from the date of delivery.

About Us:

Market intelligence data is a global front-runner in the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.

Contact Us:

Irfan Tamboli (Head of Sales) - MARKET INTELLIGENCE DATA

Phone: +1 (704) 266-3234

Mail to: sales@marketintelligencedata.com

This release was published on openPR.