Press release
Rising Prevalence Of Diabetes Drives Self-Monitoring Blood Glucose Devices Market Growth Driving Market Acceleration in the Self-Monitoring Blood Glucose (SMBG) Devices Industry, 2025
Self-Monitoring Blood Glucose (SMBG) Devices
How Large Will the Self-Monitoring Blood Glucose (SMBG) Devices Market Size By 2025?
The market for Self-Monitoring Blood Glucose (SMBG) devices has seen robust growth lately. It's projected to rise from its $15.23 billion size in 2024 to reach $16.19 billion in 2025, at a Compound Annual Growth Rate (CAGR) of 6.3%. This surge in growth during the previous years can be linked to factors such as an increase in diabetes cases, advancements in healthcare consciousness, an aging demographic, government support and policies, and an escalation in healthcare expenditure.
How Big Is the Self-Monitoring Blood Glucose (SMBG) Devices Market Size Expected to Grow by 2029?
In the coming years, the market size of self-monitoring blood glucose (smbg) devices is predicted to undergo substantial growth, reaching $22.35 billion by 2029, with a compound annual growth rate (CAGR) of 8.4%. This growth during the forecast period can be tied to the increase in home healthcare, the expansion of telehealth, a surge in disposable income, growing demand for remote monitoring, and a rise in e-commerce. The forecast period is also expected to witness significant trends, including the integration of continuous glucose monitoring (CGM), the use of artificial intelligence (AI) and machine learning, the advent of wearable smbg devices, non-invasive monitoring techniques, and the development of mobile applications and connectivity.
View the full report here:
https://www.thebusinessresearchcompany.com/report/self-monitoring-blood-glucose-smbg-devices-global-market-report
Which Key Market Drivers Powering Self-Monitoring Blood Glucose (SMBG) Devices Market Expansion and Growth?
The escalating incidences of diabetes are projected to spur the expansion of the self-monitoring blood glucose device market in the future. The application of self-monitoring blood glucose involves people suffering from diabetes utilizing a glycemic reading tool to gauge their blood sugar (glucose meter) levels, enabling them to adjust or track the efficacy of their treatment plan (such as diet, exercise, insulin, antidiabetics) or consult their doctor based on the test outcomes. For example, the Office for Health Improvement & Disparities, a governmental department in the UK, reported in March 2024 that from March 2022 to March 2023, the proportion of individuals with type 1 diabetes undergoing all eight suggested care procedures surged by 22%, and for type 2 diabetes, it climbed by 21%, while the percentage achieving the targeted HbA1c levels reached its peak at 37.9% as reported by the National Diabetes Audit (NDA). Hence, the escalating prevalence of diabetes is fueling the expansion of the market for self-monitoring blood glucose devices.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6969&type=smp
What Are the Key Trends Driving Self-Monitoring Blood Glucose (SMBG) Devices Market Growth?
Emerging technology is an increasing trend in the self-monitoring blood glucose devices market. Prominent companies in this market are investing in advanced technology to solidify their market standing. For instance, Know Labs Inc., a company based in the U.S that specializes in glucose monitoring devices, has introduced a new portable, medical-grade glucose monitoring device named KnowU which employs Bio-RFID technology. This non-invasive device has a powered base that operates and presents readings, accompanied by a battery-powered monitor consisting of Bio-RFID sensors that users can carry to monitor sugar levels anytime, anywhere. The KnowU offers a cost-effective and more comfortable alternative to other costly and discomforting blood glucose monitoring devices.
What Are the Emerging Segments in the Self-Monitoring Blood Glucose (SMBG) Devices Market?
The self-monitoring blood glucose (smbg) devices market covered in this report is segmented -
1) By Product: Self-Monitoring Blood Glucose Meters, Continuous Glucose Monitors, Testing Strips, Lancets
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Sales, Diabetes Clinics & Centers
3) By Application: Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes
Subsegments:
1) By Self-Monitoring Blood Glucose Meters: Traditional Glucose Meters, Smart Glucose Meters
2) By Continuous Glucose Monitors (CGMs): Real-Time CGMs, Flash Glucose Monitoring Systems
3) By Testing Strips: Standard Testing Strips, Test Strips for Specific Meters
4) By Lancets: Standard Lancets, Safety Lancets
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=6969&type=smp
Who Are the Global Leaders in the Self-Monitoring Blood Glucose (SMBG) Devices Market?
Major companies operating in the self-monitoring blood glucose (SMBG) devices market include Abbott Laboratories, Bionime Corporation, B. Braun Melsungen AG, F. Hoffmann-La Roche Ltd, LifeScan Inc, PHC Holdings Corporation, Home Diagnostics Inc, Terumo Pharmaceutical Solutions, ARKRAY Inc, Ypsomed Holding AG, Dexcom Inc, Medtronic plc, Novo Nordisk A/S, Glysens Incorporated, Senseonics Holdings Inc., AgaMatrix Inc., All Medicus Co. Ltd., Ascensia Diabetes Care Holdings AG, Bayer AG, Becton Dickinson and Company, Bio-Rad Laboratories Inc., Bioptik Technology Inc., Cnoga Medical Ltd., ForaCare Inc., Glucovation Inc., Hainice Medical Inc., Infopia Co. Ltd., Insulet Corporation, Integrity Applications, Johnson & Johnson, Menarini Diagnostics, Nemaura Medical Inc., Nipro Corporation, Nova Biomedical Corporation, Omron Healthcare Inc., Optiscan Biomedical Corporation, OrSense Ltd., Pinnacle Technology Inc., Prodigy Diabetes Care LLC, PTS Diagnostics, TaiDoc Technology Corporation, Trividia Health Inc., WaveForm Technologies Inc.
Which are the Top Profitable Regional Markets for the Self-Monitoring Blood Glucose (SMBG) Devices Industry?
North America was the largest region in the self-monitoring blood glucose (SMBG) devices market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the self-monitoring blood glucose (SMBG) devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6969
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising Prevalence Of Diabetes Drives Self-Monitoring Blood Glucose Devices Market Growth Driving Market Acceleration in the Self-Monitoring Blood Glucose (SMBG) Devices Industry, 2025 here
News-ID: 4210307 • Views: …
More Releases from The Business Research Company
Precision Medicine Software Market Overview: Major Segments, Strategic Developme …
The precision medicine software market is gaining significant traction as personalized healthcare becomes increasingly important. With advancements in technology and growing investments in targeted therapies, this sector is poised for substantial expansion. Let's explore the market's projected valuation, key players, main driving forces, current trends, and detailed segments shaping its future.
Forecasted Market Value and Growth of the Precision Medicine Software Market
The precision medicine software market is set to grow…
Segmentation, Major Trends, and Competitive Analysis of the Postpartum Depressio …
The postpartum depression treatment sector is poised for significant expansion as awareness and innovations in maternal mental health continue to advance. With growing attention to personalized care and digital solutions, the market is set to evolve rapidly in the coming years. Let's explore the market size projections, key players, emerging trends, and detailed segmentation driving this vital healthcare field.
Projected Growth Trajectory of the Postpartum Depression Treatment Market
The global postpartum…
Leading Firms Advancing Innovation and Growth in the Postmenopausal Osteoporosis …
The postmenopausal osteoporosis treatment market is on track for significant expansion over the coming years. With advances in therapeutic options and a growing focus on personalized care, this sector is expected to undergo notable changes that will shape how osteoporosis is managed in postmenopausal women by 2030.
Forecasted Growth and Market Size of the Postmenopausal Osteoporosis Treatment Market
The market for postmenopausal osteoporosis treatments is projected to reach a value of…
Global Drivers Analysis: The Rapid Evolution of the Portable Vascular Doppler Ma …
The portable vascular doppler market is on track for significant expansion as advancements in medical technology continue to evolve. Increasing demand for accessible and efficient vascular diagnostic tools is driving interest among healthcare providers, leading to promising growth opportunities in this specialized segment. Let's explore the market's size, key players, emerging trends, and detailed segmentation to better understand the industry's trajectory.
Projected Market Size and Growth Outlook for the Portable Vascular…
More Releases for Glucose
Glucose Tracking App Market Is Going to Boom| MySugr • Glucose Buddy • Dexco …
The qualitative latest Research report (2026-2033) on the Glucose Tracking App Market by Coherent Market Insights Provides a deep dive into key market trends, drivers, challenges, and the competitive landscape. It analyzes market size, revenue, production, and CAGR using validated methodologies to ensure precision. The report highlights tech innovation, pricing trends, consumer behavior, and investment potential - empowering businesses to make informed, strategic moves.
➤ Focused on growth and future opportunities,…
Industrial Glucose Market Is Driven By Industrial Glucose In Various Industries, …
Industrial glucose, also known as dextrose, serves as a vital ingredient across various industries, including food and beverage, pharmaceuticals, cosmetics, and the production of biofuels. This versatile sweetener and carbohydrate source play a fundamental role in manufacturing processes. The global industrial glucose market has witnessed significant growth, driven by key drivers and marked by noteworthy trends that are reshaping its applications and demand across industries.
Download Free PDF Sample Report @https://www.globalinsightservices.com/request-sample/GIS25657/?utm_source=OpenPR-Sneha&utm_medium=industrial-glucose-market
Key…
Continuous-Blood Glucose Monitoring Market - Continuous Monitoring, Embracing St …
Newark, New Castle, USA - new report, titled Continuous-Blood Glucose Monitoring Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Continuous-Blood Glucose Monitoring market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Continuous-Blood Glucose Monitoring market. The report offers an overview of…
Glucose Elevating Agents Market - Elevate Control, Empower Health: Innovations i …
Newark, New Castle, USA - new report, titled Glucose Elevating Agents Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Glucose Elevating Agents market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Glucose Elevating Agents market. The report offers an overview of…
Blood Glucose Monitoring Market analysis report- with Leading players, Applicati …
Blood Glucose Monitoring Market
The Global Blood Glucose Monitoring Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. One of the main aims of diabetes treatment is to keep blood glucose levels within a specified target range. The key is balancing your food with your activity, lifestyle and diabetes medicines. Blood glucose monitoring…
Asia Pacific Blood Glucose Monitoring Market by Product Type, Invasive Glucose M …
Asia Pacific Blood Glucose Monitoring Market - Overview
Blood glucose monitoring is the process of testing the glucose level in the blood. It helps to identify the blood glucose level within the specified target range. Thus, it helps to understand the food intake, exercise, insulin, and blood glucose level. The blood glucose monitoring devices provide useful information to manage diabetes. It helps to track the progress of treatment goal as well…
