This report provides exclusive insights into the COVID-19 impact on the Blood Glucose Monitoring Device Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Blood Glucose Monitoring Device Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Blood Glucose Monitoring Device Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the blood glucose monitoring device market provides an in-depth analysis of segments
and sub-segments in the global as well as regional blood glucose monitoring device
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional blood glucose monitoring device market
over the short term as well as long term. The report is a comprehensive
presentation of trends, forecasts, and dollar values of the global blood glucose
monitoring device market. According to the report, the global blood glucose
monitoring device market is projected to grow at a CAGR of 8.8% over the
forecast period of 2019-2025.
Glucose is a sugar that the 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 their blood glucose
levels. 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.
The global rise in the prevalence and incidence of diabetes
is one of the key factors for driving the blood glucose monitoring device 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 decisions and better glucose control. Furthermore, increasing the adoption of the continuous glucose monitoring system is likely to augment the
blood glucose monitoring device 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 the geriatric population and continuous advancement in blood
glucose monitoring devices drives the market in the forecast period.
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 device 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 the presence of a large patient pool, increasing population
access to healthcare services and raising awareness about the point of care
The report on the global blood glucose monitoring device market
covers segments such as product type, and application. On the basis of product
type, the sub-markets include self-monitoring devices, and continuous blood
glucose monitoring devices. On the basis of application, the sub-markets
include hospitals and clinics, diagnostic centers, and home settings.
The report provides profiles of the companies in the market
such as Abbott Laboratories, ARKRAY, Inc., Bayer AG, Dexcom, Inc., F.
Hoffmann-La Roche Ltd, Johnson & Johnson, Medtronic plc, Nipro Diagnostics,
Inc, Terumo Medical Corporation, and LifeScan, Inc.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the blood glucose
monitoring device market. Moreover, the study highlights current market trends
and provides forecast from 2019-2025. We also have highlighted future trends in
the market that will affect the demand during the forecast period. Moreover,
the competitive analysis given in each regional market brings an insight into
the market share of the leading players.