blood glucose monitoring systems market is expected to grow at a CAGR of 6.5% during the forecast period. According to the World Health Organization (WHO), nearly 422 million people are suffering from diabetes across the globe. Diabetes is a chronic disease characterized by elevated levels of blood glucose, which leads over time to serious damage to the heart, blood vessels, eyes, kidneys and nerves. The blood glucose monitoring system allows patients to monitor the effects of medicines and identify the range of blood sugar level. The growing prevalence of diabetes among people is a major factor contributing to the growth of the global blood glucose monitoring systems market. Further, the rising support from the government and other organizations to scale-up access to essential diabetes medicines, including insulin and associated devices is expected to fuel the growth of the global blood glucose monitoring systems market during the forecast period. For instance, in April 2021, WHO together with the government of Canada launched Global Diabetes Compact, a global partnership for local solutions to pave the way for universal access to health services and medicines to prevent, screen, diagnose and treat diabetes.
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The global blood glucose monitoring systems market is segmented based on the product, application and end-user. Based on the product, the market is segmented into self-monitoring blood glucose systems (blood glucose meters, testing strips, and lancets), and continuous glucose monitoring systems (sensors, transmitters, and receivers). Based on the application, the market is segmented into type 1 diabetes and type 2 diabetes. Based on end-user, the market is segmented into hospitals, home care, and diagnostics centre. The above mentioned segments can be customized as per the requirements.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Blood Glucose Monitoring System Market by Product
- Self-Monitoring Blood Glucose Systems
- Blood Glucose Meters
- Testing Strips
- Lancets
- Continuous Glucose Monitoring Systems
- Sensors
- Transmitters
- Receivers
Global Blood Glucose Monitoring System Market by Application
- Type 1 Diabetes
- Type 2 Diabetes
Global Blood Glucose Monitoring System Market by End-User
- Hospitals
- Home Care
- Diagnostics Centre
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Acon Labs Inc.
- AgaMatrix, Inc.
- Arkray, Inc.
- Ascensia Diabetes Care Holdings AG
- GlySens Inc.
- Insulet Corp.
- Medtronic plc
- Nipro Corp.
- Nova Biomedical
- Novo Nordisk A/S
- Prodigy Diabetes Care, LLC
- Pulsatom Healthcare Private Limited
- Senseonics Holdings, Inc.
- Terumo Corp.
- Ypsomed AG
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global blood glucose monitoring systems market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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