Global Blood Glucose Monitoring System Market Set to Surge, Projected to Reach USD 24.11 Billion by 2030 at a CAGR of 8.4%

24-01-2024: Market Values:

The Global Blood Glucose Monitoring System Market, valued at USD 13.71 billion in 2023, is poised for substantial growth, projected to reach USD 24.11 billion by 2030, exhibiting a noteworthy CAGR of 8.4%.

Report Scope:

The Blood Glucose Monitoring System Market Report presents an insightful overview of the industry, spotlighting technological innovations such as Continuous Glucose Monitoring (CGM) systems that redefine diabetes management. With a base year of 2023 and a forecast period from 2024 to 2030, the report encompasses historical data from 2018 to 2023.

Research Methodology:

Employing a robust research methodology, the report delves into advancements integrating monitoring systems with smartphones and wearables, thus enhancing accessibility. It captures the escalating need for proactive and effective tools in managing diabetes, highlighting the core innovation of CGM systems.

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Drivers:

Evolution toward Non-Invasive Monitoring Technologies:

The market observes a pivotal trend towards non-invasive or minimally invasive monitoring technologies, reducing discomfort and fostering regular monitoring and compliance among individuals managing diabetes. This trend aligns with encouraging user-friendly and less intrusive monitoring solutions, driving innovation and competition.

Increasing Prevalence of Diabetes Globally:

The stable rise in diabetes diagnoses worldwide propels the demand for efficient monitoring systems. Technological advancements in healthcare, especially in continuous glucose monitors (CGMs) and other advanced systems, offer enhanced accuracy, convenience, and connectivity, meeting the growing needs of the diabetic population.

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Segment Analysis:

In 2023, the blood glucose monitoring system market was dominated by continuous glucose monitoring systems based on product. Continuous glucose monitoring (CGM) devices offer real-time and continuous glucose monitoring without requiring finger pricks. Users may see their glucose trends in full thanks to this continuous data stream, which also offers insightful information about patterns and swings. Convenience is achieved with CGM systems since they do not require the repeated finger pricks that standard self-monitoring blood glucose (SMBG) systems demand. Because CGM devices detect glucose levels automatically and continuously, they are easier for users to use because they eliminate the need for frequent manual testing. Proactive diabetes management is made possible by the constant data that CGM systems give. When there are possible highs or lows, users receive messages and alerts.

The accuracy and precision of CGM systems' measurements of the interstitial fluid's glucose levels have improved. The accuracy and dependability of CGM readings are improved by ongoing advancements in sensor technology. A lot of CGM systems are made to work with smartphones and other gadgets, so users may share and access their glucose data with medical professionals for more effective management and decision-making. The advantages of continuous glucose monitoring (CGM) are becoming more widely known to people with diabetes. Higher adoption rates and a preference for CGM technology among patients and healthcare professionals are the results of this greater awareness. Continuous developments in CGM technology, such as better sensors, longer wear times, smaller form factors, and improved connectivity features, draw users and promote blood glucose monitoring.

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Blood Glucose Monitoring System Market Key Players?

Global
1. Roche Diagnostics ( Basel, Switzerland)
2. Abbott Laboratories (Abbott Park, Illinois, USA)
3. Medtronic (Dublin, Ireland)
4. Dexcom (San Diego, California, USA)
5. Ascensia Diabetes Care (Basel, Switzerland)
North America
1. LifeScan (Wayne, Pennsylvania, USA)
2. Becton, Dickinson and Company (BD) (Franklin Lakes, New Jersey, USA)
3. AgaMatrix ( Salem, New Hampshire, USA)

Europe
1. Ypsomed ( Burgdorf, Switzerland)

Asia Pacific
1. Sinocare Inc. ( Changsha, China)
2. Arkray Inc. ( Kyoto, Japan)
3. Terumo Corporation ( Tokyo, Japan)
4. Bioptik Technology Inc. ( Taichung City, Taiwan)
5. Omron Healthcare ( Kyoto, Japan)
6. Arkray Inc. ( Kyoto, Japan )
7. Terumo Corporation ( Tokyo, Japan )

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Table of content for the Blood Glucose Monitoring System Market includes:

Part 01: Executive Summary

Part 02: Scope of the Blood Glucose Monitoring System Market Report

Part 03: Blood Glucose Monitoring System Market Landscape

Part 04: Blood Glucose Monitoring System Market Sizing

Part 05: Blood Glucose Monitoring System Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights:

Asia-Pacific's Meteoric Rise:

Asia-Pacific emerges as the fastest-growing market for 3D printing, fueled by growing interest from manufacturing businesses and government-led initiatives. China, in particular, stands out with ambitious plans outlined in the 'Blood Glucose Monitoring System Industry Development Action Plan.' The region's commitment to integrating Blood Glucose Monitoring System into its economy is underscored by significant investments and strategic national plans.

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