Glucose Monitoring Devices Market Anticipated for Positive Expansion by 2031 | Abbott Laboratories, Medtronic plc, F. Hoffmann-La Roche Ltd.

Glucose Monitoring Devices Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Glucose Monitoring Devices market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Glucose Monitoring Devices market from 2024 to 2031?

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

What is Glucose Monitoring Devices Market?

The glucose monitoring devices market focuses on technologies designed to measure blood glucose levels in individuals, particularly those with diabetes. This market is growing rapidly due to the rising prevalence of diabetes, increased awareness of health monitoring, and advancements in continuous glucose monitoring (CGM) systems. Innovations in accuracy, ease of use, and integration with digital health solutions are driving demand for these essential devices, supporting better management of blood sugar levels and overall health.

Growth Driver

The Rising Geriatric Population and Increasing Diabetic Incidence Driving Market Growth

The market is poised for significant growth due to the rising geriatric population and the increasing incidence of diabetes among older adults. By 2030, diabetes is projected to become the sixth leading cause of death worldwide. The World Health Organization (WHO) estimates that by the same year, one in every six individuals globally will be aged 60 or older.

Key Players:

Profiles of some of the major players in the global Glucose Monitoring Devices market, which include Abbott Laboratories, Medtronic plc, F. Hoffmann-La Roche Ltd., Lifescan, Inc., Sanofi, B Braun Melsungen AG, Dexcom, Senseonics, Novabiomedical and Omnis Health.

Industry Development:

On November 2, 2020, Abbott launched the FreeStyle Libre continuous blood glucose monitoring system in India. This innovative device features a thin filament, measuring just 5.5 mm long, which is placed beneath the skin and secured with a small adhesive pad. The FreeStyle Libre sensor continuously monitors glucose levels in interstitial fluid every minute, providing users with real-time data to manage their blood glucose levels effectively.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Glucose Monitoring Devices market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Device Type: Self-Monitoring, Continuous, Wearable Devices.

By End-User: Hospitals, Clinics and Diagnostic centers, Home Setting, Ambulatory Settings.

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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