Press release
Blood Glucose Monitoring Market Growth Projection to 2023
EMEA Blood Glucose Monitoring Market is expected to reach USD 559 million by 2023 at a CAGR of approximately 6% during the forecast period 2017-2023.One of the main objectives of diabetes treatment is to keep blood glucose level within a specified target range. Blood glucose monitoring is a process, which helps to identify the blood glucose level and notify if glucose level of blood is exceeding the limit. 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 as monitor the effect of diabetes meditation on blood sugar level and understand the effect of illness and stress on the blood sugar level.
The Blood Glucose Monitoring Devices Market is growing rapidly owing to the increasing prevalence of diabetes, innovative technology for monitoring and diagnosis of diabetes, early detection of diabetes, and increasing demand for continuous glucose monitoring devices.
Various blood glucose monitoring devices are available in the Europe and the Middle East and African market, which is referred as blood glucose meter. These device help to identify the blood glucose level at home, clinics, hospitals, etc. Furthermore, they are designed to apply to the different type of diabetes such as Type 1 and Type 2.
Blood Glucose Monitoring Devices Market is expected to grow at a CAGR of 6% during the forecast period 2017-2023. Increasing diabetic patient in the Europe has increased the Blood Glucose Monitoring Devices Market. Different types of glucose monitoring devices are available in the market such as blood glucose meter, continuous glucose monitoring system, Lancets, glucose monitoring strips, and others. Self-monitoring devices are the oldest method for monitoring blood glucose level and are widely used in home, hospital, and clinics.
Blood Glucose Monitoring Devices Market Key Players:
Prominent key players in this market are Abbott Laboratories (US), Arkay Inc. (Japan), Bayer Healthcare AG, (Germany), F.Hoffmann-La Roche (Switzerland), LifeScan, Johnson & Johnson (U.S.), Medtronic plc., Nipro Diagnostics Inc., and Terumo Medical Corporation.
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Blood Glucose Monitoring Devices Market Segmentations:
The Europe and the Middle East and Africa, Blood Glucose Monitoring Devices Market is segmented on the basis of product type, application, and end user
On the basis of the product type, it is segmented into invasive glucose monitoring devices, continuous glucose monitoring devices (CGM), flash glucose monitoring devices, and others.
On the basis of the application, it is segmented into type 1 diabetes, type 2 diabetes, and others.
On the basis of the end user, it is segmented into diagnostic centers, hospitals, clinics, research centers, and home care diagnostics.
Blood Glucose Monitoring Devices Market Regional Analysis:
On the regional basis, Europe, Middle East, and Africa Blood Glucose Monitoring Market is segmented into two major regions Europe and the Middle East and Africa.
Europe Blood Glucose Monitoring Devices Market is showing swift growth owing to the increasing diabetic and obese population, unhealthy food, lack of exercise, and many another factor. Europe is leading the market growth with 60% of market share of EMEA market. According to the WHO, in 2016, around 60 million people had diabetes, and its prevalence is increasing in all age groups in Europe.
The Middle East and Africa account for the least share of market owing to poor political conditions in Africa and limited availability of funds and availability of medical facilities but, sound growth is expected over the review period. The Middle East holds the major share of the Middle East & African market due to the presence of well-developed countries like Kuwait, Qatar, Oman and South Arabia. Whereas, African region is expecting a healthy growth due to the presence of a huge opportunity for the development of the market.
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Table Of Content
Chapter1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Chapter 6. EMEA Blood Glucose Monitoring Market, By Product Type
Chapter 7. EMEA Blood Glucose Monitoring Market, By Application
Chapter 8. EMEA Blood Glucose Monitoring Market, By End User
Chapter 9. EMEA Blood Glucose Monitoring Market, By Region
Chapter 10 Company Landscape
Chapter 11 Company Profiles
Chapter 12 MRFR Conclusion
Chapter 13 Appendix
Chapter 14 List Of Tables:
Table 1 Blood Glucose Monitoring Industry Synopsis, 2017-2023
Table 2 EMEA Blood Glucose Monitoring Market Estimates And Forecast, 2017-2023, (USD Million)
Table 3 EMEA Blood Glucose Monitoring Market By Country, 2017-2023, (USD Million)
Table 4 EMEA Blood Glucose Monitoring Market By Product Type, 2017-2023, (USD Million)
Table 5 EMEA Blood Glucose Monitoring Market By Application, 2017-2023, (USD Million)
Table 6 EMEA Blood Glucose Monitoring Market By End User, 2017-2023, (USD Million)
Table 7 Germany Blood Glucose Monitoring Market By Types, 2017-2023, (USD Million)
Chapter 15 List Of Figures:
Figure 1 Research Process
Figure 2 Segmentation For EMEA Blood Glucose Monitoring Market
Figure 3 Segmentation Market Dynamics For Blood Glucose Monitoring Market
Figure 4 EMEA Blood Glucose Monitoring Market Share, By Product Type 2016
Figure 5 EMEA Blood Glucose Monitoring Market Share, By Application 2016
Figure 6 EMEA Blood Glucose Monitoring Market Share, By End User, 2016
Figure 7 EMEA Blood Glucose Monitoring Market Share, By Country, 2016
…Continued
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