Data Bridge Market Research unveils a comprehensive study of the Glucose Monitoring Devices Market, presented in a visually compelling format for effective data absorption. Key insights are readily evident through insightful graphs, charts, and figures, empowering informed decision-making.
The Glucose Monitoring Devices market research report stands out as a highly promising and forward-thinking analysis, aligning with your foresight. In today's business landscape, a thorough market research analysis is imperative for informed decision-making regarding products. This particular report, Glucose Monitoring Devices, comprehensively addresses various crucial aspects of the market, encompassing market size estimations, optimal company and market practices, entry-level strategies, market dynamics, positioning, segmentations, competitive landscaping and benchmarking, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, and a detailed benchmarking of vendor offerings.
The Glucose Monitoring Devices market is poised for growth throughout the forecast period, primarily driven by the escalating demand at the end-user level. The report's generation takes into account the market type, organizational size, on-premises availability, end-users' organization type, and geographical presence in regions like North America, South America, Europe, Asia-Pacific, and the Middle East & Africa. Employing integrated approaches and cutting-edge technology ensures the production of this market research report delivers optimal results. The report not only identifies but also analyzes emerging trends, major drivers, challenges, and opportunities within the market, providing a comprehensive perspective for strategic decision-making.
Data Bridge Market Research analyses that the global glucose monitoring devices market, which was USD 12.7 billion in 2022, would rise to USD 24.40 billion by 2030 and is expected to undergo a CAGR of 8.5% during the forecast period from 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Glucose monitoring devices are used to detect the sugar level in the blood and are of numerous types, such as glucose meters, testing strips, and lancets. These devices provide the facility of self-testing by using a single glucose meter and different strips. These devices allow patients and clinicians to identify high or low blood glucose levels. It also allows for therapy modifications and protecting patients by promptly confirming acute hypoglycemia or hyperglycemia and offering patients greater self-care.
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Market Growth Drivers:
- Increasing Prevalence of Diabetes
The growing prevalence of diabetes is likely to contribute to this market's growth during the forecast period 2023-2030. According to the International Diabetes Federation Report for 2017, about 66.0 million people worldwide had diabetes, which is expected to rise to 81.0 million by 2045. In Glucose Monitoring Devices Market Players, Glucose Monitoring Devices Market Competitors, Glucose Monitoring Devices Industry Size, Glucose Monitoring Devices Industry Trends, Glucose Monitoring Devices Industry Growth, Glucose Monitoring Devices Industry Share, Glucose Monitoring Devices Industry Players, Glucose Monitoring Devices Industry Players
North America, it has been observed that there are more than 29 million diabetic patients, and this number is expected to increase to 34 million by 2027. This increasing prevalence leads to the higher adoption of glucose monitoring devices.
- Growth in Obesity Rates
Obesity is one of the leading causes of diabetes in the general population. As per the records of WHO, about 50% of the global population was overweight in 2014, with more than 20% of the population obese. Obesity is more incident in men. Several risk factors, such as the increasing occurrence of obesity, are directly related to the increasing incidence of diabetes. Therefore, the number of glucose monitoring devices is also increasing. Thus, this factor boosts market growth.
The report emphasizes the participation of key entities, notably:
DiaMonTech AG (Germany)
Abbott (U.S.)
GlySens Incorporated (U.S.)
Novo Nordisk A/S (Denmark)
Nemaura (U.S.)
PHC Holdings Corporation (Japan)
TaiDoc Technology Corporation (Taiwan)
AgaMatrix (U.S.)
Dexcom, Inc. (U.S.).
ACON Laboratories, Inc.(U.S.).
Ascensia Diabetes Care Holdings AG (Switzerland)
Bayer AG (Germany)
- Hoffmann-La Roche Ltd (Switzerland)
Insulet Corporation (U.S.)
Ypsomed AG (Switzerland)
GlySens Incorporated (U.S.)
Market Insights in the Report
- Evaluate and predict the Glucose Monitoring Devices market's value, revenue, and industry shares.
- Enhance efficiency in entry-level research by pinpointing growth, size, leading players, and segments in the Glucose Monitoring Devices Market.
- Explore key regional insights where the Glucose Monitoring Devices market is thriving.
- Analyze recent trends and developments within the industry.
- Identify potential and niche segments/regions demonstrating promising growth
Key Market Segmentation
By Product Type (Self-Monitoring Blood Glucose Devices, Continuous Glucose Monitoring Devices), Distribution Channel (Retail, Online), End User (Hospital, Clinics, Diagnostic Centers, Home Healthcare, Others)
Target Audience:
- Businesses in the Glucose Monitoring Devices industry
- Investors and analysts interested in the Glucose Monitoring Devices market
- Anyone who wants to learn more about the Glucose Monitoring Devices market
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