Press release
Glucometer Market: Global Industry Growth Factors, Trends, Demand Status And Forecast To 2032
Glucometer Market
The Business Research Company's Glucometer Global Market Report 2023 identifies increase in the prevalence of diabetes as the major driver for the Glucometer market's growth in the forecast period. 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
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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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, LifeScanInc., i-SENS Inc., Teromo Corporation, Hainice Medical Inc., Glucostratus Ltd
A key trend in the Glucometer market includes Product innovations. Major companies in the market are introducing various products to sustain their position in the market
Read More On The Global Glucometer Market Report Here:
https://www.thebusinessresearchcompany.com/report/glucometer-global-market-report
The Glucometer market is segmented -
1) By Product: Continuous Glucose Monitoring Devices, Self-Monitoring Blood Glucose System
2) By Technique: Invasive, Non-Invasive
3) 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.
The Business Research Company's "Global Glucometer Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
.......
26. Africa Glucometer Market
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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