Glucose Biosensors Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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How Large Will the Glucose Biosensors Market Size By 2025?
The market size for glucose biosensors has seen significant growth in the last few years. Projected growth is from $15.26 billion in 2024 to $16.72 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.6%. Factors like research and development, cost-effectiveness, ease of use, a rise in diabetes cases, compatibility with smart devices, and non-invasive monitoring methods have fuelled the growth during the historical period.

How Big Is the Glucose Biosensors Market Size Expected to Grow by 2029?
The market size of glucose biosensors is predicted to witness accelerated expansion in the forthcoming years, potentially reaching a size of $27.15 billion by 2029, spurred by a compound annual growth rate (CAGR) of 12.9%. Factors contributing to the projected growth during this period include the increase in customized health care treatment options, the surge in diabetes incidences, the expansion of continuous glucose monitoring, the integration into wearable technology, and advancements in non-invasive monitoring. Some of the key developments projected to shape the market in this period are environmentally friendly biosensor designs, data connectivity and sharing mechanisms, the proliferation of home healthcare, non-invasive monitoring methods and the advent of implantable biosensors.

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Which Key Market Drivers Powering Glucose Biosensors Market Expansion and Growth?
The increasing occurrence of diabetes is anticipated to bolster the expansion of the glucose biosensors market in the future. Diabetes, a disease that cannot be cured, occurs when an insufficient amount of insulin is produced by the pancreas or when the body cannot effectively use the insulin that has been created. Those with diabetes utilise glucose biosensors to help regulate their blood glucose levels. This tool allows them to check their blood glucose levels regularly at their own time, thereby aiding in the adjustment of their medication for better diabetes handling. For example, NHS England, a body governing the UK, reported in June 2024 that the number of individuals registered with a GP identified as having non-diabetic hyperglycemia, often referred to as pre-diabetes, surged from 3,065,825 in 2022 to 3,615,330 in 2023, presenting an increase of nearly 18%. Hence, the increasing number of diabetes patients is spurring the expansion of the glucose biosensors market.

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What Are the Key Trends Driving Glucose Biosensors Market Growth?
Top businesses in the glucose biosensor industry are concentrating on the introduction of innovative products such as glucose monitoring systems, targeted at assisting those suffering from diabetes. These glucose monitoring systems are distinctive devices that continuously track and offer real-time data on blood glucose levels, supporting effective diabetes management for individuals. As an example, DexCom Inc., a biotechnology firm based in the US, unveiled the Stelo Glucose Biosensor System in October 2024. This is the first-ever continuous glucose monitor (CGM) available for over-the-counter (OTC) sale approved by the U.S. Food and Drug Administration (FDA). The Stelo system is crafted for adults, of 18 years or above, who are not reliant on insulin, encompassing those diagnosed with Type 2 diabetes or prediabetes. The system can also be employed by people without diabetes who want to track their glucose levels to better understand the influence of diet and physical activity on their blood glucose.

What Are the Emerging Segments in the Glucose Biosensors Market?
The glucose biosensors market covered in this report is segmented -

1) By Product Type: Continuous Glucose Monitoring, Self-monitoring Blood Glucose, Non-invasive Glucose Monitoring
2) By Technology: Electrochemical Biosensors, Optical Biosensors, Piezoelectric Biosensors, Others Technologies
3) By End Users: Hospitals, Home Care, Diagnostic Centers and Clinics, Other End Users

Subsegments:
1) By Continuous Glucose Monitoring (CGM): Real-time CGM systems, Professional CGM systems, Integration with insulin pumps, Sensor types
2) By Self-monitoring Blood Glucose (SMBG): Glucometers, Test strips, Blood sample types
3) By Non-invasive Glucose Monitoring: Optical glucose sensors, Transdermal sensors, Wearable devices

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Who Are the Global Leaders in the Glucose Biosensors Market?
Major companies operating in the glucose biosensors market include Abbott Laboratories, DexCom Inc., F. Hoffmann-La Roche AG, GlySens Incorporated, Trividia Health, Bayer AG, LifeScan Inc., Medtronic plc, Nova Biomedical Corporation, Senseonics Holdings, ACON Laboratories Inc., AgaMatrix Inc., Ypsomed AG, Ascencia Diabetes Care Holdings Inc., Bio-Rad Laboratories Inc., DuPont de Nemours Inc., Biosensors International Group Ltd., Cytiva, Universal Biosensors Inc., CARDEA BIO INC., Conductive Technologies Inc., EarlySense Inc., Innovative Sensor Technology IST AG, LifeSignals Inc., NeuroSky Inc., SD Biosensor INC., Xsensio, Taidoc Technology Corporation

Which are the Top Profitable Regional Markets for the Glucose Biosensors Industry?
North America was the largest region in the glucose biosensors market in 2024. The regions covered in the glucose biosensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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