Press release
Smartphone Operated/Next-Generation Glucose Monitor Market expected to Witness Huge Revenue Growth to 2031
According to the latest research by InsightAce Analytic, the global Smartphone Operated/Next-Generation Glucose Monitor Market is expected to grow at a 15.0 % CAGR during the forecast period for 2024-2031.
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Next-generation continuous glucose monitoring (CGM) systems represent one of the most effective solutions for managing and controlling diabetes. These advanced devices continuously track blood glucose levels and offer valuable features such as health insights, dietary recommendations, prescription management, and medication reminders. Daily glucose monitoring remains a vital aspect of diabetes care. By reducing the risk of inaccuracies associated with manual testing, these modern CGM technologies enhance treatment outcomes and support more precise disease management.
The market for smartphone-operated/next-generation glucose monitors will rise over the projected period due to various characteristics, including real-time data analysis, low cost, and easy availability. In addition, the market is anticipated to grow as a result of factors like the aging population, high prevalence of diabetes in people of all ages, rapid adoption of new technologies, changing lifestyle patterns, rising rates of overweight and obesity in the general population, demand for less invasive procedures, and rising healthcare costs. It is projected that rising diabetes rates will fuel demand for smartphone-operated/next-generation glucose monitors in the upcoming years. However, the next-generation smartphone-operated glucose monitor market's growth is hampered by patients' lack of knowledge about contemporary medical technology and strict reimbursement guidelines for sophisticated systems.
North America is anticipated to be the major contributor to the Smartphone Operated/Next-Generation Glucose Monitor market due to the high rate of diabetes prevalence and the quick uptake of cutting-edge technologies. In addition, the Asia Pacific regional market is expected to register significant growth due to the rising improvements in glucose monitor devices, the rising older population, and the rising diabetes cases.
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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), -MOJO (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), and others.
Recent collaborations and agreements in the market:
• In October 2021, OneTouch Solutions, an eCommerce website offering a convenient and comprehensive selection of individualized wellness programs to assist people in managing diabetes, was founded by LifeScan (US), a global pioneer in blood glucose monitoring.
• In August 2020, through a commercialization and collaboration agreement, Senseonics Holdings, Inc. (US), a medical technology business creating continuous glucose monitoring (CGM) systems for persons with diabetes, teamed with Ascensia Diabetes Care. Eversense CGM systems from Senseonics are distributed globally by Ascensia thanks to this partnership. The Eversense brand of continuous glucose monitoring (CGM) equipment is recommended for people with diabetes aged 18 and older.
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Market Segments
Global Smartphone Operated/Next-Generation Glucose Monitor Market, by Components, 2024-2031 (Value US$ Mn)
• Diabetes Monitoring Devices
• Tracking & Diagnosis Apps
• iOS
• Android Based
• Kit Accessories
Global Smartphone Operated/Next-Generation Glucose Monitor Market, by Applications, 2024-2031 (Value US$ Mn)
• Single-Use
• Dual-Use
Global Smartphone Operated/Next-Generation Glucose Monitor Market, by End-Users, 2024-2031 (Value US$ Mn)
• Home Settings
• Hospital & Other Healthcare Settings
• Other End Users
Global Smartphone Operated/Next-Generation Glucose Monitor Market, by Region, 2024-2031 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2024-2031 (Value US$ Mn)
• U.S.
• Canada
Europe Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2024-2031 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2024-2031 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2024-2031 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2024-2031 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
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