Press release
The Smartphone Operated/Next-Generation Glucose Monitor Market Robust Expansion is expected to 2031
The Smartphone Operated/Next-Generation Glucose Monitor Market
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " "Global Smartphone Operated/Next-Generation Glucose Monitor Market Trends, Industry Competition Analysis, Revenue and Forecast To 2030."
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The global smartphone operated/next-generation glucose monitor market was estimated to be worth US$ 3.50 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 17.8% from 2022 to 2030, reaching US$ 14.91 billion. This is according to the most recent research conducted by InsightAce Analytic.
Blood Glucose levels in the body are detected by glucose monitoring devices, and the simplest method of managing and controlling diabetes is to employ next-generation continuous glucose monitors. These systems offer information about diseases, drugs, food, and medication reminders. The market for smartphone-operated and next-generation glucose monitors is expected to develop during the forecast period due to a number of features, including real-time data analysis, affordability, and ease of availability. Additionally, the market is anticipated to grow due to factors like the aging population, the high prevalence of diabetes in all age groups,the rapid adoption of new technologies, shifting lifestyles, the rise in overweight and obesityin the general population, the need for less invasive procedures, and rising healthcare costs. The WHO estimates that each year, excessive blood glucose causes the deaths of almost 3.4 billion people globally. Nearly 50% of those who are under 70 , and around70, and around 80% of 80%deaths take place in low- and middle -income nations.of these deaths take place in low- and middle-income nations. According to WHO estimates, the number of deaths from diabetes will treble between 2005 and 2030. Therefore, it is projected that the market for smartphone-operated and next-generation glucose monitors would grow in the coming years due to an increasein diabetes incidence
The Future expansion of the smartphone-operated/next-generation glucose monitor industry is, however, hampered by patients' ignorance of contemporary medical technology and strict reimbursement regulations for sophisticated equipment.
Due to the high prevalence of diabetes and the rapid adoption of cutting-edge technology, North America is anticipated to dominate the market for smartphone-operated/next-generation glucose monitors during the forecast period (2019-2030), followed by Europe. Pacific is anticipated to have substantial expansion in the coming years as a result of the region's aging population, increased diabetes prevalence, and advancements in glucose monitoring technology.
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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), 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), among others.
Key developments in the market:
• In October 2021, LifeScan (US), a world leader in blood glucose monitoring, launched OneTouch Solutions, an eCommerce site offering a convenient and comprehensive choice of personalized wellness programs to help people manage diabetes.
• In August 2020, Senseonics Holdings, Inc. (US), a medical technology company developing continuous glucose monitoring (CGM) systems for people with diabetes, partnered with Ascensia Diabetes Care through a commercialization and collaboration agreement. Through this collaboration, Ascensia worldwide distributes Senseonics' Eversense CGM systems. The Eversense brand of CGM systems is indicated for continually measuring glucose levels in persons aged 18 and older with diabetes.
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Market Segments
Smartphone Operated/Next-Generation Glucose Monitor Market, by Components, 2019-2030 (Value US$ Bn)
• Diabetes Monitoring Devices
• Tracking & Diagnosis Apps
o iOS
o Android Based
• Kit Accessories
Smartphone Operated/Next-Generation Glucose Monitor Market, by Applications, 2019-2030 (Value US$ Bn)
• Single-Use
• Dual-Use
Smartphone Operated/Next-Generation Glucose Monitor Market, by End-Users, 2019-2030 (Value US$ Bn)
• Home Settings
• Hospital & Other Healthcare Settings
• Other End Users
Smartphone Operated/Next-Generation Glucose Monitor Market, by Region, 2019-2030 (Value US$ Bn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2019-2030 (Value US$ Bn)
• U.S.
• Canada
Europe Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2019-2030 (Value US$ Bn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2019-2030 (Value US$ Bn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2019-2030 (Value US$ Bn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2019-2030 (Value US$ Bn)
• South Africa
• GCC Countries
• Rest of Middle East & Africa
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
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