A detailed analysis of the Global Glucose Meter Market 2023 is provided, including global, regional, and country-level market sizes, segmentation market growth, market share, competitive landscape, sales analysis, impact of domestic and global Glucose Meter Market players, value chain optimization, trade regulations, recent developments, strategic market growth analyses, product launches, expanding the area market, and technological advances.
An analysis of Glucose Meter’s growth rate, market share, market size, current and emerging trends, production and consumption ratios, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players is provided in the report, which has been segmented into key regions globally. This report provides a country-by-country analysis of the Glucose Meter market to give a clearer picture of its regional distribution and growth.
The global glucose meter market size was USD 9.50 Billion in 2021 and is expected to register a revenue CAGR of 9.5% during the forecast period. Increase in number of diabetic patients across the globe, rise in awareness regarding prevention of Diabetes, technological advancements in healthcare sector, and frequent launches of innovative glucose monitoring meters and devices are some key factors expected to drive market revenue growth during the forecast period.
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Market Overview:
In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Key Players covered in this report are
The landscape of global glucose meter market is fragmented with key players operating at global and regional levels and engaged in strategic alliances to expand their respective portfolio and gain a robust footing in the global market.
Some major companies profiled in the global market report include F. Hoffmann-La Roche AG, Abbott Laboratories, Ascensia Diabetes Care, Medtronic PLC, LifeScan Inc., Nova Biomedical Corporation, OMRON Corporation, Nipro Medical Corporation, ACON Laboratories Inc., Prodigy Diabetes Care LLC., B. Braun Melsungen AG, Dexcom Inc., Ypsomed AG, Sanofi SA, Hainice Medical Inc., and Sannuo Biological Sensing Co., Ltd.
Based on Product Type market is segmented into:
- Self-Monitoring Blood Glucose System
- Continuous Glucose Monitoring System
Based on End use market is segmented into:
- Hospitals
- Clinics / Diagnostic Centers
- Home Care
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Some recent developments are as follows:
- On 11 February 2022, Ascensia Diabetes Care declared that it obtained the U.S. Food and Drug Administration (FDA) approval for EVERSENSE E3 continuous glucose monitoring system that can be used for six months. Furthermore, the company plans to manufacture and launch Eversense E3 sensor for diabetic patients in the U.S. during the second quarter of 2022.
- On 12 January 2022, Hoffmann-La Roche announced launch of new generation professional blood glucose management COBAS pulse system. The system combines form factor of a high-performance blood glucose meter with simple usability and expanded digital capability similar to a pager or a smartphone.
- On 16 July 2021, Dexcom Inc. received the U.S. FDA approval for Dexcom Partner Web API, which enables third-party developers to integrate real-time continuous glucose monitoring data into devices and health applications
- On 15 June 2020, Abbott Laboratories Inc. declared the U.S. FDA approval for its next-generation FreeStyle Libre 2 integrated continuous glucose monitoring system for diabetic adults and children of four years and above. This iCGM with real-time alarm measures glucose levels every minute over 14 days with high accuracy.
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We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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