The Glucose Monitoring Devices Market is anticipated to generate revenues of over $6 billion and is projected to grow at a CAGR of more than 8% during the forecast period 2021-2027.
A blood glucose monitoring device is a medical device used to monitor the level of glucose in the blood of diabetic patients. The monitoring device is known as a continuous blood glucose monitoring device or glucometer. The growth of the global glucose monitoring device market is attributable to the increasing incidence of diabetes, increasing geriatric population, increasing prevalence of obesity worldwide and the rapid technological advancement of glucose monitoring devices. However, the high cost of blood glucose monitoring devices is a major factor hindering the market growth.
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Market Segments
By Product
- Testing Strips
- Glucometers
- Lancets
- Other Glucose Monitoring Devices
By End- User
- Homecare
- Hospitals & Clinics
Key Players
- F. Hoffmann-La Roche Ltd
- B. Braun Melsungen Ag
- Medtronic
- Abbott
- Lifescan, Inc
- Ascensia Diabetes Care Holdings Ag
- Ypsomed Ag
- Omron Corporation
Scope of the Report
The research study analyzes the global Glucose Monitoring Devices industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Glucose Monitoring Devices Market Report
1. What was the Glucose Monitoring Devices Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Glucose Monitoring Devices Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Glucose Monitoring Devices Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Glucose Monitoring Devices market.
- The market share of the global Glucose Monitoring Devices market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Glucose Monitoring Devices market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Glucose Monitoring Devices market.
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