Glucose Monitoring Devices Market, By Product (Self-Monitoring Blood Glucose Systems, Continuous Glucose Monitoring Systems), Testing Site (Fingertip Testing, Alternate Site Testing), Patient Care Setting (Self/Home Care, Hospital & Clinics), Application (Type 2 Diabetes, Type 1 Diabetes, Gestational Diabetes), Country (Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, Belgium, Russia, Turkey, Ukraine & Rest of Europe) Industry Trends and Forecast to 2028
Glucose monitoring devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of 1383.24 million and grow at a CAGR of 6.83% in the above-mentioned forecast period. The rising benefits of CGMS over POC glucometers drives the glucose monitoring devices market.
The glucose monitoring helps in keeping the track of the blood glucose levels and helps to make balance between the food and exercise. It measures and tracks the glucose levels and the readings are derived into the data for keeping the track and take decisions regarding dosage, diet and exercise. The glucose monitoring devices are available at the online stores and pharmacy stores. The device consists lancet to prick the figure a machine and bandages to stop the blood. It is widely being used in the hospitals a well as people use it at homes.
Rise in incidence of diabetes cases is the vital factor escalating the market growth, also rising technological advancements, rising geriatric population, growing prevalence of diabetes, rising number of product launches, increase in per capita healthcare expenditure, easier availability of products along faster monitoring of data, increased adoption rate of CGMS in home healthcare and ICUs, rising in product awareness and increasing population are the major factors among others driving the glucose monitoring devices market. Moreover, the rising technological advancements in the healthcare sector and increasing modernization in glucose monitoring devices will further create new opportunities for glucose monitoring devices market in the forecasted period of 2021-2028.
However, the rising adverse effects and accuracy, rising reimbursement and stringent regulatory issues and increased cost of the devices are the major factors among others which will obstruct the market growth, and will further challenge the growth of glucose monitoring devices market in the forecast period mentioned above.
This glucose monitoring devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on glucose monitoring devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Glucose Monitoring Devices Market Scope and Market Size
Glucose monitoring devices market is segmented on the basis of product, testing site, patient care setting and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, glucose monitoring devices market is segmented into self-monitoring blood glucose systems and continuous glucose monitoring systems. Self-monitoring blood glucose systems have been further segmented into blood glucose meters, testing strips and lancets & lancing devices. Continuous glucose monitoring systems have been further segmented into sensors, transmitters and receivers.
- Based on testing site, the glucose monitoring devices market is segmented into fingertip testing and alternate site testing.
- Based on patient care setting, the glucose monitoring devices market is segmented into self/home care and hospital & clinics.
- The glucose monitoring devices market is also segmented on the basis of application into type 2 diabetes, type 1 diabetes and gestational diabetes.
Glucose Monitoring Devices Market Country Level Analysis
Glucose monitoring devices market is analysed and market size insights and trends are provided by country, product, testing site, patient care setting and application as referenced above.
The countries covered in the glucose monitoring devices market report are Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, Belgium, Russia, and Turkey Ukraine & Rest of Europe.
The country section of the glucose monitoring devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Glucose monitoring devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for glucose monitoring devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the glucose monitoring devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Glucose Monitoring Devices Market Share Analysis
Glucose monitoring devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to glucose monitoring devices market.
The major players covered in the glucose monitoring devices market report are DiaMonTech AG, 77 Elektronika Kft., Abbott, OrSense - non-invasive technologies, GlySens Incorporated, Novo Nordisk A/S, Nemaura., PHC Holdings Corporation, Beurer, ACON Laboratories, Inc., A. Menarini Diagnostics s.r.l, AgaMatrix, Dexcom, Inc., Ascensia Diabetes Care Holdings AG and HemoCue AB among other domestic and regional players. Market share data is available for Europe only. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Europe Glucose Monitoring Devices Market
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