Glucose Monitoring Devices Market Growing Rapidly Huge Growth by 2031- Abbott Laboratories, Medtronic plc, F. Hoffmann-La Roche Ltd., Lifescan, Inc.

Global Glucose Monitoring Devices market is estimated to grow at a CAGR of 10.5% during the forecast period 2024-2031

A glucose meter, or glucometer, is a small device that measures blood sugar levels using a drop of blood from a finger prick. A lancet or a spring-loaded device is used to quickly prick the fingertip for a blood sample, which is then applied to a test strip.

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Market Trends:

The growing elderly population and increasing diabetes rates drive market growth for glucose monitoring devices. By 2030, diabetes is expected to be the sixth leading cause of death, with the number of people aged 60+ rising to 1.4 billion by 2050. Older adults, who account for 61% of diabetes-related healthcare costs, are at higher risk of diabetes, which affects 25% of those over 60. As diabetes management improves and life expectancy increases, demand for glucose monitoring devices is expected to grow significantly.

Segment Covered in the Glucose Monitoring Devices Market:
By Device Type: Self-Monitoring, Continuous, Wearable Devices
By End-User: Hospitals, Clinics and Diagnostic centers, Home Settings, Ambulatory Settings

Regional Analysis:
The global Glucose Monitoring Devices market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

The global Glucose Monitoring Devices market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Glucose Monitoring Devices market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Major Key Players
• Abbott Laboratories
• Medtronic plc
• F. Hoffmann-La Roche Ltd.
• Lifescan, Inc.
• Sanofi
• B Braun Melsungen AG
• Dexcom
• Senseonics
• Novabiomedical
• Omnis Health

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