Glucose sensor is part of the continuous glucose monitoring that have the ability to detect and measure the glucose levels. These sensors are usually inserted in the skin and sends data to the smart device, so one can easily manage their blood sugars level. One can easily manage their glucose level throughout the day. Such sensors are critical to provide information on the concentration of glucose in the body for oral glucose lowering medication or insulin therapy. These sensors can measure the interstitial glucose level which is the glucose found in the fluid between the cells. They have an alarm system which notifies the user whenever their glucose level is too high or too low. It can also keep track of the meals, medication, and other physical activities.
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The global glucose sensors market is segmented on the basis of product as invasive glucose monitoring, non-invasive glucose monitoring , self-glucose monitoring ,& lab-based glucose monitoring; technology as photo acoustic spectroscopy, optical coherence tomography, polarimetry, fluorescence, MIR spectroscopy, NIR spectroscopy, impedance spectroscopy, skin suction blister technique, sonophoresis, & reverse iontophoresis; component as sensors, transmitters & receivers, & integrated insulin pumps; demographics as adult population (>14 years), & children population (≤14 years and end users as hospitals, private clinics, home care, ambulatory settings, Others
“According to Data Bridge Market Research, Global Glucose Sensors Market is set to witness a healthy CAGR of 19.4% in the forecast period of 2019- 2026”
Some of the major players operating in global glucose sensors market are AstraZeneca, BD, Eli Lilly and Company, Biocon, Sanofi, Smiths Group plc., Wockhardt Limited, Novo Nordisk A/S, Nipro, InjexUK, Bristol-Myers Squibb Company, F. Hoffmann-La Roche Ltd., Ypsomed, Mannkind Coroporation, Arkray, B. Braun Melsungen AG, Dexcom, Inc., Sannuo biosensor Ltd. and Bio-Rad Laboratories, Inc. among others.
Increasing cases of diabetes among population and rising demand for advanced continuous glucose monitoring system are the factors responsible for the growth of this market. Increasing popularity of home-based treatment and self-medication has also accelerated the popularity of glucose sensors. People are also using these sensors because they save time and provide accurate results to the patients. These are some of the factors which are expected to drive the market growth in the forecast period.
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Global Glucose Sensors Market – Industry Trends and Forecast to 2028