Global Glucometer Market, By Product (Continuous Glucose Monitoring Devices, Self-Monitoring Blood Glucose (SMBG) Systems), Technique (Invasive, Non-Invasive), Type (Wearable, Non-Wearable), Distribution Channel (Institutional Sales, Hospitals, Clinics, Retail Sales, Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), Country (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, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Glucometer market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 11.62% in the above-mentioned forecast period. Rise in the levels of diabetic population worldwide all over the globe drives the glucometer 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 glucometer market. Moreover, rising technological advancements in the healthcare sector and increasing modernization in glucose monitoring devices will further create new opportunities for glucometer market in the forecasted period of 2021-2028.
However, 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 glucometer market in the forecast period mentioned above.
Glucometer 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 glucometer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Glucometer Market Scope and Market Size
Glucometer market is segmented on the basis of product, technique, type and distribution channel. 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, glucometer market is segmented into continuous glucose monitoring devices and self-monitoring blood glucose (SMBG) systems.
- Based on technique, glucometer market is segmented into invasive and non-invasive.
- Based on type, the glucometer market is segmented into wearable and non-wearable.
- The glucometer market is also segmented on the basis of distribution channel into institutional sales, hospitals, clinics, retail sales, hospital pharmacies, retail pharmacies and online pharmacies.
Glucometer Market Country Level Analysis
Glucometer market is analysed and market size insights and trends are provided by country, product, technique, type and distribution channel as referenced above.
The countries covered in the glucometer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the glucometer market due to increasing prevalence of obesity, high cost of treatment, technological advancements and rising new product launches in this region. Europe is the expected region in terms of growth in glucometer market due to increase in the geriatric population and improvements in its healthcare sector and the implementation of advanced medical products in this region. Asia-Pacific is also expected to grow in terms of growth in glucometer market due to rising improvements in healthcare facilities and increasing reimbursement policies in developing economies in this region.
The country section of the glucometer 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 global 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
Glucometer 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 glucometer market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the glucometer market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Glucometer Market Share Analysis
Glucometer 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, global 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 glucometer market.
The major players covered in the glucometer market report are 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. and Medisana GmbH among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Glucometer Market
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