Press release
Blood Glucose Monitoring System Market Projected Growth to USD 24.11 Billion by 2030 at an 8.4% CAGR
Blood Glucose Monitoring System Market
The Blood Glucose Monitoring System Market is witnessing significant advancements fueled by technological innovations, increasing healthcare awareness, and the rising prevalence of diabetes worldwide. The global market was valued at USD 12.50 billion in 2023 and is projected to grow at a CAGR of 8.5% during the forecast period, reaching USD 21.72 billion by 2030.
Below is a detailed analysis focusing on country-specific opportunities, trends, consolidations, and updates in the Blood Glucose Monitoring System Market.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/1433/
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam is experiencing a rising prevalence of diabetes, coupled with government initiatives to improve healthcare infrastructure. Key players such as ๐๐๐๐จ๐ญ๐ญ ๐๐๐๐จ๐ซ๐๐ญ๐จ๐ซ๐ข๐๐ฌ and ๐๐จ๐๐ก๐ ๐๐ข๐๐ ๐ง๐จ๐ฌ๐ญ๐ข๐๐ฌ have announced partnerships with local distributors to expand their market presence.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand is leveraging its strong medical tourism sector to drive the adoption of advanced glucose monitoring systems. Companies like ๐๐๐๐ญ๐ซ๐จ๐ง๐ข๐ have collaborated with regional hospitals to provide cutting-edge continuous glucose monitoring (CGM) systems. Recent government subsidies for diabetes management programs further bolster market potential.
๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's aging population and high diabetes rate have made it a lucrative market for CGM devices. ๐๐ฆ๐ซ๐จ๐ง ๐๐๐๐ฅ๐ญ๐ก๐๐๐ซ๐ and ๐๐๐ซ๐ฎ๐ฆ๐จ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง have introduced AI-driven glucose monitors, marking a significant trend in personalized diabetes care. The country's focus on digital health integration is driving further innovation in the segment.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/1433/
๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ก๐ข๐ง๐
China has witnessed substantial mergers and acquisitions in the glucose monitoring industry. B. Braun Melsungen AG acquired local firms to strengthen its foothold in the region. The government's emphasis on promoting domestic manufacturers, along with significant investments in R&D, has reshaped the competitive landscape.
Updation in South Korea
South Korea is adopting smart health solutions, with companies like Samsung Bioepis integrating glucose monitoring with wearable technology. Recent collaborations between Dexcom Inc. and South Korean tech firms aim to produce highly efficient and user-friendly devices, enhancing accessibility for patients.
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's well-established healthcare infrastructure supports the rapid adoption of advanced glucose monitoring systems. Key players like Johnson & Johnson have launched innovative products tailored to the region's needs. Recent trade agreements have also facilitated smoother product imports and exports.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/1433/
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The U.S. remains the largest market for blood glucose monitoring systems, driven by high diabetes prevalence and continuous technological advancements. Companies like Insulet Corporation and Ascensia Diabetes Care are focusing on introducing non-invasive monitoring solutions. Government funding for diabetes research has also played a pivotal role in market expansion.
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe's market is fueled by the growing demand for minimally invasive glucose monitoring systems. Companies such as Novo Nordisk and Sanofi have expanded their operations in the region, introducing cost-effective solutions. Mergers and acquisitions, like Medtronic's partnership with European distributors, highlight consolidation trends.
๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
Abbott Laboratories launched the FreeStyle Libre 3, featuring real-time glucose monitoring and seamless smartphone connectivity.
Dexcom Inc. introduced Dexcom G7, its smallest and most advanced CGM device, targeting global markets.
Roche Diagnostics expanded its operations in Southeast Asia with new distribution channels in Vietnam and Thailand.
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/blood-glucose-monitoring-system-market/1433/
๐๐ฅ๐จ๐จ๐ ๐๐ฅ๐ฎ๐๐จ๐ฌ๐ ๐๐จ๐ง๐ข๐ญ๐จ๐ซ๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
Self-Monitoring Blood Glucose Systems
Blood Glucose meters
Testing strips
Lancets & Lancing Devices
Continuous Glucose Monitoring Systems
Sensors
Transmitters
Receivers
๐๐ฒ ๐๐๐ฌ๐ญ๐ข๐ง๐ ๐๐ข๐ญ๐
Fingertip testing
Alternate Site Testing
๐๐ฒ ๐๐๐ญ๐ข๐๐ง๐ญ ๐๐๐ซ๐ ๐๐๐ญ๐ญ๐ข๐ง๐
Self/Home Care
Hospital & Clinics
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Type 2 Diabetes
Type 1 Diabetes
Gestational Diabetes
๐๐ฅ๐จ๐จ๐ ๐๐ฅ๐ฎ๐๐จ๐ฌ๐ ๐๐จ๐ง๐ข๐ญ๐จ๐ซ๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
Global
1. Roche Diagnostics ( Basel, Switzerland)
2. Abbott Laboratories (Abbott Park, Illinois, USA)
3. Medtronic (Dublin, Ireland)
4. Dexcom (San Diego, California, USA)
5. Ascensia Diabetes Care (Basel, Switzerland)
North America
1. LifeScan (Wayne, Pennsylvania, USA)
2. Becton, Dickinson and Company (BD) (Franklin Lakes, New Jersey, USA)
3. AgaMatrix ( Salem, New Hampshire, USA)
Europe
1. Ypsomed ( Burgdorf, Switzerland)
Asia Pacific
1. Sinocare Inc. ( Changsha, China)
2. Arkray Inc. ( Kyoto, Japan)
3. Terumo Corporation ( Tokyo, Japan)
4. Bioptik Technology Inc. ( Taichung City, Taiwan)
5. Omron Healthcare ( Kyoto, Japan)
6. Arkray Inc. ( Kyoto, Japan )
7. Terumo Corporation ( Tokyo, Japan )
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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