Smartphone Operated Next-Generation Glucose Monitor : market Growth Insight, Share, Size, Major Market Players, Regional Study , Key developments , Forecast by 2031

According to the latest research by InsightAce Analytic, The Smartphone Operated/Next-Generation Glucose Monitor Market Size is estimated to be $4.02 billion in 2022 and will grow to $14.91 billion by 2030, with a compound annual growth rate (CAGR) of 15.4% during the forecast period of 2023-30.

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Next-generation continuous glucose monitors are the most convenient method of managing and controlling diabetes, as they are used to detect blood glucose levels in the body. These systems furnish information regarding medications, maladies, diets, and medication reminders. The growth of the smartphone-operated/next-generation glucose monitor market during the forecast period will be driven by the various features of smartphone-operated glucose monitors, including real-time data analysis, low cost, and simple availability. Additionally, the market is anticipated to be driven by a variety of factors, including the increasing prevalence of diabetes among all age groups, the rapid adoption of innovative technologies, the change in lifestyle patterns, the rising prevalence of overweight and obesity among the public, the demand for less invasive procedures, and the increasing cost of healthcare. Approximately 3.4 billion individuals annually succumb to elevated blood glucose levels, as the World Health Organization reported. Approximately 80% of these fatalities transpire in low- and middle-income countries, and nearly 50% of the victims are under the age of 70. The World Health Organization also predicted that the number of diabetes-related fatalities will double between 2005 and 2030. Consequently, the demand for smartphone-operated/next-generation glucose monitors is expected to increase in the future years due to the increasing prevalence of diabetes.

Nevertheless, the smartphone-operated/next-generation glucose monitor market growth is impeded by the stringent reimbursement policies for advanced systems and the absence of awareness among patients about modern healthcare devices.
The smartphone-operated/next-generation glucose monitor market is anticipated to be dominated by North America during the forecast period (2023-2030), with Europe following closely behind. This is due to the high prevalence of diabetes and the rapid adoption of advanced technologies. Conversely, the Asia Pacific region is anticipated to experience substantial expansion in the coming years as a result of the expanding elderly population, the rise in the number of diabetes cases, and the advancements in glucose monitor systems.

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Major market players operating in the smartphone-operated/next-generation
glucose monitor market include

• ForeCare, Inc
• Informed Data Sytems Inc
• One Drop
• Amanda Health Inc
• Pops Diabetes Care Inc
• HealthifyMe
• Glooko, Inc
• Health Arx Technologies Pvt. Ltd
• myDario
• iHealth Labs, Inc
• Dexcom, Inc,
• Roche Diabetes Care
• Symbiome
• Senseonics Holdings, Inc.
• Diabnext
• Intruity Medical, Inc
• LifeScan IP Holdings, LLC,
• Ascensia Diabetes Care
• Health25ync
• myDiabby Healthcare
• Diabeto Medtech India Pvt

Key developments in the market:

• In October 2021, LifeScan (US), a global leader in blood glucose monitoring, introduced OneTouch Solutions, an eCommerce site that provides a comprehensive and convenient selection of personalized wellness programs to assist individuals in managing their diabetes.

• In August 2020, Senseonics Holdings, Inc. (US), a medical technology company that specializes in the development of continuous glucose monitoring (CGM) systems for individuals with diabetes, entered into a commercialization and collaboration agreement with Ascensia Diabetes Care. Ascensia distributes Senseonics' Eversense CGM systems globally as a result of this partnership. The Eversense brand of CGM systems is recommended for the continuous monitoring of glucose levels in individuals aged 18 and older who have diabetes.

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Market Segments

Global Smartphone Operated/Next-Generation Glucose Monitor Market, by Components,
• Diabetes Monitoring Devices
• Tracking & Diagnosis Apps
o iOS
o Android Based
• Kit Accessories

Global Smartphone Operated/Next-Generation Glucose Monitor Market, by
Applications
• Dual-Use
• Single-Use

Global Smartphone Operated/Next-Generation Glucose Monitor Market, by End-User
• Hospital & Other Healthcare Settings
• Home Settings
• Other End Users

Global Smartphone Operated/Next-Generation Glucose Monitor Market, by
Region,

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Smartphone Operated/Next-Generation Glucose Monitor Market
• U.S.
• Canada

Europe Smartphone Operated/Next-Generation Glucose Monitor Market
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Smartphone Operated/Next-Generation Glucose Monitor Market
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Smartphone Operated/Next-Generation Glucose Monitor Market
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Smartphone Operated/Next-Generation Glucose Monitor Market
• South Africa
• GCC Countries
• Rest of Middle East & Africa

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