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Top Trends Transforming the Blood Glucose Meters Market Landscape in 2025: Innovations Driving The Blood Glucose Meters Market With Point-Of-Care Blood Glucose Monitor
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Blood Glucose Meters Industry Market Size Be by 2025?
The market size for blood glucose meters has expanded swiftly in the past few years. The market is projected to escalate from $14.34 billion in 2024 to $16 billion in 2025, showing a compound annual growth rate (CAGR) of 11.6%. The historical growth can be credited to factors such as an increase in diabetes cases, heightened knowledge of diabetes control, an aging global population, trends toward home healare, insurance provision and reimbursement strategies, and an emphasis on patient empowerment.
What's the Long-Term Growth Forecast for the Blood Glucose Meters Market Size Through 2029?
The market size of blood glucose meters is poised to experience a swift expansion in the coming years, reaching a valuation of $24.76 billion in 2029 with a compound annual growth rate (CAGR) of 11.5%. This growth during the forecast period is primarily influenced by factors such as the integration of continuous glucose monitoring (CGM), smartphone compatibility, the application of artificial intelligence (AI), emphasis on wearable technology and remote patient monitoring. Key trends during the forecast period involve the development of advanced monitoring devices technology, the incorporation of continuous glucose monitoring (CGM), connectivity with smartphones, portability and miniaturization, the utilization of data analytics for detailed insights, as well as telehealth and distance monitoring.
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What Are the Key Growth Drivers Fueling the Blood Glucose Meters Market Expansion?
The blood glucose meters market is being propelled by the escalating occurrence of diabetes. Factors like evolving lifestyles, enhanced alcohol intake, sedentary habits, and poor dietary choices are contributing to a global rise in obesity. This sharp spike in obesity rates results in a corresponding increase in demand for blood glucose meters. Obesity prompts fat tissue to release more fat molecules into the bloodstream. This negatively impacts the cells responsive to insulin, thereby diminishing insulin sensitivity and triggering diabetes. A case in point is the National Health Service (NHS), a public health department under the US government, which, in December 2022, made substantial progress in broadening the availability of innovative blood glucose monitoring technologies. By the closure of the year, around 200,000 individuals living with diabetes had been provided with continuous glucose monitoring (CGM) devices. This achievement symbolized a significant leap, specially favouring patients with type 1 diabetes who now have improved tools to regulate their illness more efficiently.
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Which Emerging Trends Are Transforming the Blood Glucose Meters Market in 2025?
The introduction of new products is an emerging trend finding traction in the blood glucose meters market. Firms operating in this market are concentrating on bringing out new products to enhance their product offerings and solidify their market standing. For instance, in January 2022, Roche, a healare multinational from Switzerland, unveiled their new point-of-care blood glucose monitor, specifically designed for hospital professionals. The device comes paired with a device resembling a touchscreen smartphone that runs exclusive apps. Glytec, a US-based firm specializing in insulin management software, provided software for this device. The software carries Glytec's Glucommander insulin-dosing program aimed at easing the intricate task of monitoring blood sugar levels during a patient's hospitalization.
How Is the Blood Glucose Meters Market Segmented?
The blood glucose meters market covered in this report is segmented -
1) By Product Type: Electrode Type Blood Glucose Meter, Photoelectric Blood Glucose Meter
2) By Application: Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes
3) By End User: Hospitals, Home Care
Subsegments:
1) By Electrode Type Blood Glucose Meter: Strip-based Meters, Continuous Glucose Monitors (CGMs)
2) By Photoelectric Blood Glucose Meter: Reflectance Meters, Fluorescence Meters
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Which Companies Are Leading the Charge in Blood Glucose Meters Market Innovation?
Major companies operating in the blood glucose meters market include Roche Diagnostics, Abbott Laboratories, Medtronic, Bayer Healare, LifeScan Inc. (Johnson & Johnson), Ascensia Diabetes Care, ARKRAY Inc., Dexcom Inc., Bionime Corporation, Ypsomed AG, Nova Biomedical, ForaCare Inc., AgaMatrix Inc., Entra Health Systems, i-SENS Inc., Prodigy Diabetes Care, Infopia Co. Ltd., Omron Healare Inc., HMD Biomedical Inc., 77 Elektronika Kft, Trividia Health Inc., Nipro Corporation, Beijing Yicheng Bioelectronics Technology Co. Ltd., All Medicus Co. Ltd., Sinocare Inc., Bioland Technology.
Which Regions Are Leading the Global Blood Glucose Meters Market in Revenue?
North America was the largest region in the global blood glucose meters market in 2024. Western Europe was the second-largest region in the blood glucose meters market. The regions covered in the blood glucose meters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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