Smartphones for Smarter Diabetes Care: The Booming Next-Generation Glucose Monitor Market

Smartphone Operated/Next-Generation Glucose Monitor Market worth $ 14.9 Billion by 2030 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Smartphone Operated/Next-Generation Glucose Monitor Market- by Components (Diabetes Monitoring Devices, Tracking & Diagnosis Apps, iOS, Android Based and Kit Accessories), Applications (Single-Use and Dual-Use), End-Users (Home Settings, Hospital & Other Healthcare Settings and Other End Users), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

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According to the latest research by InsightAce Analytic, the global Smartphone Operated/Next-Generation Glucose Monitor market will be valued at US$ 3.50 Billion in 2021. It is expected to reach US$ 14.9 Billion by 2030, with a CAGR of 17.8% during a forecast period of 2024-2031.

Next-Generation Continuous Glucose Monitors: Revolutionizing Diabetes Management
Next-generation continuous glucose monitors (CGMs) are transforming diabetes management by offering real-time glucose level tracking and improved control. These devices go beyond simple monitoring, providing reminders for medication, prescriptions, diet, and even illness.

This empowers patients with the information needed to make informed decisions about their health.

The market for next-generation CGMs is poised for significant growth due to several factors:
• Real-time Data Analysis: These devices offer continuous data, eliminating the need for finger pricks and allowing for proactive adjustments to insulin and diet.

• Cost-Effectiveness: As technology advances, CGMs are becoming more affordable, making them accessible to a wider range of patients.

• Ease of Use: The integration with smartphones streamlines data access and simplifies user experience.

Beyond these core features, additional factors driving market growth include:
• Aging Population: As the population ages, the prevalence of diabetes increases, creating a larger demand for effective management tools.

• Technological Adoption: The rapid adoption of smartphones and wearable technology creates a perfect environment for mHealth solutions like next-generation CGMs.

• Lifestyle Changes: Shifting lifestyles and rising obesity rates contribute to the growing number of diabetes diagnoses.

• Minimally Invasive Approach: CGMs offer a less invasive alternative to traditional blood glucose monitoring methods.

• Rising Healthcare Costs: The economic burden of diabetes management creates a strong incentive for cost-effective solutions offered by CGMs.

However, the market faces some challenges:
• Patient Awareness: Limited knowledge about these advanced devices among potential users can hinder adoption.

• Reimbursement Policies: Stringent reimbursement policies for complex medical systems may limit patient access.

Despite these hurdles, the future of the next-generation CGM market appears bright. As technology continues to evolve and healthcare systems embrace innovative solutions, these devices have the potential to revolutionize diabetes management for millions of people worldwide.

North America is anticipated to be the major contributor to the Smartphone Operated/Next-Generation Glucose Monitor market due to the high rate of diabetes prevalence and the quick uptake of cutting-edge technologies. In addition, the Asia Pacific regional market is expected to register significant growth due to the rising improvements in glucose monitor devices, the rising older population, and the rising diabetes cases.

Major market players operating in the Smartphone Operated/Next-Generation Glucose Monitor market include

Health Arx Technologies Pvt. Ltd (India), myDario (US), iHealth Labs, Inc (US), -MOJO (US), LifeScan IP Holdings, LLC (US), Ascensia Diabetes Care (Switzerland), Glooko, Inc (US), Dexcom, Inc (US), Roche Diabetes Care (US), ForeCare, Inc (US), Informed Data Sytems Inc (US), One Drop (US), Amanda Health Inc (US, Big Foot Medical Inc (US), Pops Diabetes Care Inc (US), HealthifyMe (Bengaluru), Intruity Medical, Inc (US), Health25ync (Taiwan), myDiabby Healthcare (France), Symbiome (US), Senseonics Holdings, Inc. (US), Diabnext (France), Diabeto Medtech India Pvt (India), Biosense Technology Pvt Ltd (India), and others.

Recent collaborations and agreements in the market:
• In October 2021, OneTouch Solutions, an eCommerce website offering a convenient and comprehensive selection of individualized wellness programs to assist people in managing diabetes, was founded by LifeScan (US), a global pioneer in blood glucose monitoring.

• In August 2020, through a commercialization and collaboration agreement, Senseonics Holdings, Inc. (US), a medical technology business creating continuous glucose monitoring (CGM) systems for persons with diabetes, teamed with Ascensia Diabetes Care. Eversense CGM systems from Senseonics are distributed globally by Ascensia thanks to this partnership. The Eversense brand of continuous glucose monitoring (CGM) equipment is recommended for people with diabetes aged 18 and older.

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Market Segments
Global Smartphone Operated/Next-Generation Glucose Monitor Market, by Components, 2022-2030 (Value US$ Mn)
• Diabetes Monitoring Devices
• Tracking & Diagnosis Apps
• iOS
• Android Based
• Kit Accessories

Global Smartphone Operated/Next-Generation Glucose Monitor Market, by Applications, 2022-2030 (Value US$ Mn)
• Single-Use
• Dual-Use

Global Smartphone Operated/Next-Generation Glucose Monitor Market, by End-Users, 2022-2030 (Value US$ Mn)
• Home Settings
• Hospital & Other Healthcare Settings
• Other End Users

Global Smartphone Operated/Next-Generation Glucose Monitor Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada

Europe Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global Smartphone Operated/Next-Generation Glucose Monitor market
 To receive an industry overview and future trends of the Smartphone Operated/Next-Generation Glucose Monitor market
 To analyze the Smartphone Operated/Next-Generation Glucose Monitor market drivers and challenges
 To get information on the Smartphone Operated/Next-Generation Glucose Monitor market value (US$ Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the Smartphone Operated/Next-Generation Glucose Monitor market industry

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