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Global Market for Glucose Monitoring Devices is Estimated to Grow at a CAGR of 6.24% by 2021
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Blood glucose monitoring devices are used to monitor the blood glucose in patients suffering from diabetes or other glucose-related diseases like glucose intolerance. Technological innovation such as launch of artificial pancreas has taken diabetic care management to a next level and they are further putting efforts in advancing closed loop algorithms. Thus, advancement in Glucose Monitoring systems makes possible early detection of hypoglycaemia in an easy manner in comparison to infrequent point-of-care glucose meter measurements.
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The rising obese population and rapid industrialization and urbanization have also contributed to the growth of this market. With the rise in the number of cases of diabetes being recorded worldwide, it is necessary for patients around the world to have their blood glucose level continuously monitored to avoid the consequences of high glucose level like cardiovascular diseases, a blood disorder, blindness, kidney disorder and many other conditions. Which gives high growth opportunity for the market.
Glucose Monitoring Device Market Segmented as:
1) By Device Type:
•Continuous Wearable Devices
-ensors
-Transmitters and Activators
•Self-Monitoring Devices
-Blood Glucose Meters
-Blood Glucose Strips
-Lancets
-Haemoglobin A1C Testing Kits
2) By Application:
•Hospitals
•Clinics and Diagnostic Centers
•Home Setting
•Ambulatory Settings
3) By Geography:
•North America
•Europe
•Asia-Pacific
•Latin America
•Middle-East and Africa
The major companies dominating this market are Roche Diagnostics, LifeScan, Bayer Health care, Abbott Diabetes care Inc, AgaMatrix Inc, Arkray Inc, Medtronic, DexCom Inc, Nova Biomedical Corporation and Teruma Europe NV.
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