Blood Glucose Monitoring Devices Market- Trends, Price, Share and Growth Rate from 2018 to 2024
Posted: Nov 26, 2018
Our latest research report entitled Blood Glucose Monitoring Devices Market (by product (blood glucose monitors, glucose monitoring strips and lancets), Blood glucose monitors can be further segmented (single point blood glucose meters and others), by application (hospitals and clinics, diagnostic centers and home settings) and distribution channel (retail stores and online website)) provides complete and deep insights into the market dynamics and growth of Blood Glucose Monitoring Devices. Latest information on market risks, industry chain structure Blood Glucose Monitoring Devices cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Blood Glucose Monitoring Devices growth factors.
The forecast Blood Glucose Monitoring Devices Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Blood Glucose Monitoring Devices on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to report the global blood glucose monitoring devices market is projected to grow at a CAGR of 8.80% over the forecast period of 2018-2024.
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Glucose is a sugar that body uses as a source of energy. the body regulates the amount of glucose in the blood unless a person is affected with diabetes. Blood glucose monitoring devices is a test system used to measure the amount of sugar in your blood. This device can be used at home or in healthcare centers. This is a quantitive test that helps to find out the amount of glucose present in the blood sample of the user. Blood glucose monitoring devices are used by diabetic people to monitor its blood glucose level. The result obtained after taking test helps to identify if a person has dangerously high or level of glucose and also helps to determine a daily adjustment in treatment.
Global rise in the prevalence and incidence of diabetes is one of the key factors for driving the blood glucose monitoring devices market. Continuous blood glucose monitoring helps to get a complete picture of the glucose levels by continuous monitoring of glucose level that can lead to better treatment decision and better glucose control. Furthermore, increase adoption of continuous glucose monitoring system is likely to augment the blood glucose monitoring devices market. However, inadequate reimbursement and high cost associated with the application of CGM systems and product recalls are some of the key factors hampering the growth of this market. In addition rapid growth in geriatric population and continuous advancement in blood glucose monitoring devices.
Among the geographies, North America held the largest market share in 2017, followed by Europe. The U.S drives the North America blood glucose monitoring devices market on account of increased expenditure on healthcare, rising adoption of new innovative blood glucose monitoring devices. Asia Pacific is projected to grow at the highest CAGR due to the number of factors such as presence of a large patient pool, increasing population access to healthcare services and rising awareness about the point of care testing.
The report on global blood glucose monitoring devices market covers segments such as, product, application and distribution channel. On the basis of product the global blood glucose monitoring devices market is categorized into blood glucose monitors, glucose monitoring strips and lancets. Blood glucose monitors can be further segmented into single point blood glucose meters and continuous glucose monitoring systems. Continuous glucose monitoring systems can be sub-segmented into sensors, transmitters & receivers and External Monitor. On the basis of application the global blood glucose monitoring devices market is categorized into hospitals and clinics, diagnostic centers and home settings. On the basis of distribution channel the global blood glucose monitoring devices market is categorized into retail stores and online website.
Major Key Players Mentioned in this Premium Report
The report provides profiles of the companies in the global blood glucose monitoring devices market such as, Abbott Laboratories, ARKRAY, Inc., Bayer AG, Dexcom, Inc., F. Hoffmann-La Roche Ltd, Johnson & Johnson, Medtronic plc, Nipro Diagnostics, Inc. and Terumo Medical Corporation.
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