Glyphicons
Search Market Research Report
Blood Glucose Monitors Market By Product (Self-Monitoring Devices & Continuous Blood Glucose Monitoring Devices), By End-User (Hospitals, Home Care, & Diagnostics Centers), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026
Covid-19
Blood Glucose Monitors Market
The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample
Industry Insights
[156+ Pages Report] The “Global Blood Glucose Monitors Market” report published by Facts & Factors covers the entire market's historical and future details in a neatly packaged and comprehensive read. We at Facts & Factors estimate that the global blood glucose monitors market surrounding blood glucose monitors will reach a projected value of USD 25.6 Billion by 2026 with a growth rate of 12.7% CAGR from an initial value of USD 12.9 Billion in the year 2020.
Global Blood Glucose Monitors Market: Overview
A glucose meter, which is often referred to as a glucometer is a format of medical equipment that is used for determining the approximate concentration of glucose in the blood. Blood glucose monitoring is often quoted as the integration of a glucose meter for testing or regulating the amount of glucose in the blood. Oftentimes, a small lancet of blood is extracted from the body and transferred to a chemically induced strip and is then referred to as a glucose chart.
Global Blood Glucose Monitors Market: Growth Factors
The pivotal factors for the global glucose monitors market can be attributed to rising prevalence and increasing incidences of diabetes coupled with rising adoption of continuous glucose monitoring (CGM) to name a few. Additionally, the growing targeted population coupled with constant technological advancements in the sector is expected to increase the footprint of the global blood glucose monitors market during the forecast. Moreover, rapidly changing lifestyles among consumers coupled with the rising population attributing to alcohol and smoking will open new revenue streams for the global blood glucose monitors market during the forecast duration.
The global blood glucose monitors market is expected to be driven by disorders relating to obesity coupled with the rising adoption of blood glucose monitoring devices. Favorable government-based reimbursement policies coupled with the increasing trend of self-monitoring measures will boost the growth of the global blood glucose monitors market during the forecast period. However, high costs associated with the applications of CGM systems and a higher rate of product recalls will decrease the market value for the global blood glucose monitors market during the forecast duration.
Global Blood Glucose Monitors Market: Segmentation
The global blood glucose monitors market is segmented into product, end-user, and regions.
On the basis of product, the global blood glucose monitors market is divided into self-monitoring devices and continuous blood glucose monitoring devices. The segment pertaining to continuous blood glucose monitoring devices is expected to occupy the largest market share during the advent of the forecast owing to the increasing patient pool in applications related to frequent blood sugar readings coupled with the integrated ability to provide a real-time blood sugar level reading to name a few. On the basis of end-user, the global blood glucose monitors market is classified into hospitals, home care, and diagnostics centers. The hospital category is expected to witness the largest market share during the advent of the forecast owing to improving healthcare infrastructure ecosystem coupled with increasing healthcare expenditure to name a few.
Global Blood Glucose Monitors Market: Regional Analysis
North America is expected to witness the largest market share during the advent of the forecast owing to a well-established healthcare sector coupled with the rising population being prone to obesity to name a few. Additionally, a higher cost of treatment, rising number of product launches coupled with technological advancements will open new revenue opportunities for the blood glucose monitors market during the forecast period. Moreover, the rising number of key market players in the region coupled with wider acceptance of the technology is expected to increase the footprint of the blood glucose monitors market during the forecast duration. Higher per capita spending on healthcare coupled with technologically advanced medical devices will boost the growth of the blood glucose monitors market during the forecast.
Global Blood Glucose Monitors Market: Competitive Players
The key market participants for the global blood glucose monitors market are Abbott Laboratories, ARKRAY, Inc., Bayer AG, Dexcom, Inc., F. Hoffman-La Roche Ltd, Johnson & Johnson, Medtronic plc., Nipro Diagnostics, Inc., Terumo Medical Corporation, Sanofi, Elly Lilly & Company, B Braun Melsungen AG, LifeScan, Inc., Senseonic, Inc., among others.
Global Blood Glucose Monitors Market: By Product Segment Analysis
- Self-Monitoring Devices
- Blood Glucose Meter
- Testing Strips
- Lancets
- Continuous Blood Glucose Monitoring Devices
- Sensors
- Transmitter & Receivers
- Insulin Pumps
Global Blood Glucose Monitors Market: By End-User Segment Analysis
- Hospitals
- Home Care
- Diagnostics Centers
Covid-19
Blood Glucose Monitors Market
The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample
Table of Content
Covid-19
Blood Glucose Monitors Market
The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample
Industry Major Market Players
- Abbott Laboratories
- ARKRAY Inc.
- Bayer AG
- Dexcom Inc.
- F. Hoffman-La Roche Ltd
- Johnson & Johnson
- Medtronic plc.
- Nipro Diagnostics Inc.
- Terumo Medical Corporation
- Sanofi
- Elly Lilly & Company
- B Braun Melsungen AG
- LifeScan Inc.
- Senseonic Inc.
Frequently Asked Questions
Related Reports
Private Hospitals Market
[197+ Pages Report] According to Facts Factors, the global private hospitals market report clarifies the market analytics and breakdown structure. In this study, the global private hospitals market witnessed USD 800 Billion in 2020 and with a growth of a CAGR of 12% is projected to reach a value ...
Published Date : 01-Dec-2021 | | Category : | Pages : 197 | Format : Read more
Inquiry for Buying Request Sample
Dental Periodontics Market
[212+ Pages Report] According to Facts Factors, the global dental periodontics market report encompasses the complete market breakdown structure. The global dental periodontics market is estimated to have witnessed a value of USD 15 Billion in 2020 and with growth at a CAGR of 10% during 2021-202...
Published Date : 23-Nov-2021 | | Category : | Pages : 212 | Format : Read more
Inquiry for Buying Request Sample
Copyright © 2021, All Rights Reserved, Facts and Factors