Blood Glucose Monitoring Devices Market

Global Blood Glucose Monitoring Devices Market is anticipated to touch USD 18,522 million by 2025, expanding at a healthy CAGR of 5.6% over the forecast period. Blood glucose monitoring devices help patients with diabetes by detecting low or high blood glucose levels and offering better self-care.

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Rising instances of diabetes owing to the growing ageing population is the major factor propelling the blood glucose monitoring devices market. As per the World Health Organization, the aging population is anticipated to reach 22% by 2050. Also, the growing focus of the diabetic patients to continuously monitor their glucose levels has encouraged them to choose advanced monitoring devices. Key producers like Medtronic and Abbott Laboratories are emphasising on technological innovation to earn market competitiveness, which is another factor contributing to the market growth. However, the lack of reimbursement norms and the high cost of these devices might hamper the Blood Glucose Monitoring Devices Market size.

By end-use, hospitals are projected to witness a promising growth over the forecast period, owing to the rising expenditure on healthcare in hospitals. The reliable data offered by BGM devices help improve the life quality of patients, thus, is increasingly adopted by hospitals.

By region, North America will hold a larger share over the forecast period, owing to the rising cases of obesity. Also, ongoing technological innovation and product launch will bolster the Blood Glucose Monitoring Devices Market share. Asia Pacific, on the other hand, is anticipated to emerge as a profit-making region for the blood glucose monitoring device due to the enhancement in reimbursing policies and healthcare infrastructure.

Leading players operating in global blood glucose monitoring devices market include Abbott Laboratories, Dexcom, Inc., F. Hoffmann-La Roche Ltd, Terumo Corporation, ARKRAY, Inc, Nipro Diagnostics, Medtronic, Becton, Dickinson and Company, Sanofi, among others.

Blood Glucose Monitoring Devices Market Segmentation:

Blood Glucose Monitoring Devices Market by Product Type
  • Blood Glucose Monitors
    • Single Point Blood Glucose Meters
    • Continuous Glucose Monitoring Systems
      • Sensors
      • Transmitter and Receivers
      • External Monitor
    • Glucose Monitoring Strips
    • Lancets
Global Blood Glucose Monitoring Devices Market by End User
  • Hospitals and Clinics
  • Diagnostic Centers
  • Home Settings
Blood Glucose Monitoring Devices Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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