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.

Market Insight

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 testing.

Segment Covered

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.

Companies Profiled:

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.

Report Highlights:

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.