The global blood glucose monitoring devices market report, published by GMI Research, provides extensive insight and analysis of the global blood glucose monitoring devices market over the forecast period (2020-2027). The report primarily focuses on the key business financials, product portfolio, expansion strategies, and recent developments in the global blood glucose monitoring devices market. The research report also studies the competitive environment of the Blood Glucose Monitoring Devices market based on the company profiles and their efforts on increasing product value and production.
Leading Players in the Global Blood Glucose Monitoring Devices Market
The notable players in the global blood glucose monitoring devices market include F. Hoffmann-La Roche Ltd, Terumo Corporation, Dexcom, Inc., Sanofi, Nipro Diagnostics, Medtronic, include Abbott Laboratories, ARKRAY, Inc, and Becton, Dickinson and Company, among others.
Key Drivers in the Global Blood Glucose Monitoring Devices Market
The global blood glucose monitoring devices market is projected to experience strong demand in the next six years. The rapidly increasing geriatric population prone to diabetes is the major factor that is contributing to the growth of the market. As per the World Health Organization (WHO), the global aging population will increase at a significant rate from 12% in 2015, reaching 22% by 2050. Moreover, the emerging trend of sedentary lifestyle patterns, along with unhealthy eating habits, such as smoking and consumption of alcohol and unhealthy food products, is another factor that is responsible for the growth of the blood glucose monitoring devices market size.
The leading manufacturers in the market are emphasizing on technological development in the blood glucose monitoring devices to meet the growing demand of the market. The easy availability of reimbursement for self-monitoring of blood glucose (SMBG) and the increasing focus of the diabetes patients to regularly monitoring their glucose level is further encouraging them to opt for advanced monitoring devices. Continuous technological advancement in the monitoring systems has made the monitoring process easier, convenient, and less expensive.
Global Blood Glucose Monitoring Devices Market by Product Type:
- Blood Glucose Monitors
o Single Point Blood Glucose Meters
o Continuous Glucose Monitoring Systems
- Transmitter and Receivers
- External Monitor
- Glucose Monitoring Strips
Global Blood Glucose Monitoring Devices Market by End-user:
- Hospitals and Clinic
- Diagnostic Center
- Home Settings
Global Blood Glucose Monitoring Devices Market by Region:
- North America
o United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
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