Technological advancement in monitoring devices will uplift the growth of the Glucose Monitoring Devices Market during the forecast period
According to a new report published by Reports Monitor titled, “Global Glucose Monitoring Devices Market, Growth Opportunities, Innovations and Forecast, 2018-2025,”the glucose monitoring devices market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Glucose monitoring devices measures blood glucose level with the help of machine. This market is very lucrative owing rising prevalence of diabetes, technological development and R & D expenditure. Marketing campaigns by players in the market are spreading good awareness among the consumer and availability of the devices are boosting the market. Patient convenience in sugar monitoring with devices over traditional monitoring, rapid increase in geriatric population are attributing for the growth of the market. However, high cost of devices and lack of accuracy hampers the growth of the market. According to the Forbes new technological advancement such as new wearable sensor technology measures sugar level non-invasively by hair follicle
This report provides a detailed analysis of Glucose monitoring devices market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
The global Glucose monitoring devices market is majorly segmented on the basis of type, application and end user. Based on the type market is segmented into invasive glucose monitoring devices, continuous glucose monitoring devices (CGM), flash glucose monitoring devices and others. Based on the application market is segmented into 1 diabetes, type 2 diabetes and others. Based on the end user market is segmented into home care diagnostic, diagnostic centre, hospitals, clinics and research centres.
The global Glucose monitoring devices market is majorly studied across four regions: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Increased prevalence of diabetes, awareness of devices and healthcare education in North America makes it a potential region for glucose monitoring devices. On the other hand Asia-Pacific is lucrative market owing growing disposal income, population and healthcare infrastructure.
The major key players operating in the market are: Becton, Dickinson and Co., Terumo Corporation, Acon Laboratories Inc., Roche Diagnostics Ltd., Johnson & Johnson, ARKRAY Inc., Novo Nordisk A/S, Medtronic, Abbott Laboratories, Bayer AG, Ypsomed AG and Sanofi.
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