Glucometer Market is Expected to Witness High Growth in the Market Due to Increasing Diabetic Population Worldwide

Glucometer Market is forecasted to grow at 11.67% for 2019 to 2026 to an estimated value of USD 28.19 billion by 2026 with factors such as high cost of the glucometers hampering the growth of the market.

Glucometer market has shown a significant adoption rate and preferences from the North America. Availability of advanced technologies and increasing patient population are some of the factors responsible for the market growth.

Glucometer Market Scenario

According to Data Bridge Market Research the glucometer market in developing regions is witnessing growth in terms of its adoption rate, due to increasing diabetes population, advancement in the glucometers, increasing health consciousness among population and rising awareness about its ability to provide faster & accurate results.

Now the question is which are the regions that glucometer market players should target? Data Bridge Market Research has forecasted market leaders to target North American developing regions to help them in attaining better volume of revenue generation.

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Glucometer Market Developments

Roche Diabetes Care India announced the launch of their new affordable glucometer Accu-Chek Instant S in February 2018 which is specially designed for the self-monitoring of the blood glucose level. This new device also has the ability to provide results in just 4 seconds and blood glucose can be regulated automatically via a USB.

Cooey announced the launch of their new IoT glucometer in July 2018 which has the ability to synchronize smartphone data wirelessly. They are small, compact, pocket-sized gadget which can easily get connected to a smartphone and instantly transfers the readings to the Cooey app.

Scope of the Glucometer Market

Glucometer market is segmented on the basis of countries into U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, and Rest of Middle East & Africa.

  • All country based analysis of the glucometer market is further analyzed based on maximum granularity into further segmentation. On the basis of device type, the glucometer market is segmented into self-monitoring blood glucose and continuous glucose monitoring. Based on end- users, the market is segmented into hospitals and clinics. The component segment of the market is divided into meters, strips, lancets, sensors and receiver.
  • Glucometer is a medical device which is specially designed so that one can measure the amount of glucose in the blood. These devices are small & portable in nature and are very useful for the diabetic population. Meters, sensors, test strips and lancers are some of the common component of the glucometer. Continuous glucose monitoring and self-monitoring blood glucose are some of the common types of the glucometer. They usually provide accurate information and help the patient to keep track on their glucose level.

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Key Pointers Covered in the Glucometer Market Industry Trends and Forecast to 2026

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Healthcare Outcomes
  • Market Cost of Care Analysis
  • Regulatory Framework and Changes
  • Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Ascensia Diabetes Care Holdings AG
  • Abbott
  • Dexcom, Inc.
  • Health Arx Technologies Pvt. Ltd.
  • F. Hoffmann-La Roche Ltd
  • LifeScan, Inc.
  • Bayer AG
  • Truworth Health Technologies Pvt. Ltd.
  • Dr.Morepen
  • Medtronic
  • Johnson & Johnson Services, Inc.
  • ARKRAY, Inc.
  • Bionime Corporation
  • Rossmax International Ltd.
  • AgaMatrix
  • ACON Laboratories, Inc.
  • Trividia Health, Inc.
  • Medisana GmbH

Above are the key players covered in the report to know about more and exhaustive list of glucometer companies, contact us

Research Methodology: Global Glucometer Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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