Self-Monitoring Blood Glucose Devices Market Share: Industry Growth Factors, Applications, Regional Analysis, Key Players and Forecasts by 2025

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Market Study Report adds Global Self-Monitoring Blood Glucose Devices market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.

Self-monitoring Blood Glucose Devices Market will reach over USD 21.0 billion by 2025. Increasing diabetic population base, rising adoption of unhealthy dietary habits and increasing number of obese people will drive the global self-monitoring blood glucose (SMBG) devices market growth over the forecast timeframe. Rising incidence of risk factors contributing to the development of diabetes will aid in the market growth. In addition, numerous government are undertaking initiatives to escalate the awareness regarding diabetes and routine monitor as well as implementing programs to offer favorable products at affordable costs, thereby expanding the business growth.

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Continuous glucose monitors (CGM) market is estimated foresee 5.8% CAGR during the forecast period owing to rising demand for home healthcare devices and rise in number of people suffering from type 2 diabetes. Diabetes patients and elderly people are likely to suffer from multiple chronic conditions and thus will boost the industry expansion over the forecast years. Moreover, continuous glucose monitors offer quick and continuous monitoring of blood glucose levels (BGL) and further advancements in such devices that escalate the patient preference will increase the adoption of CGMs over the projection years.

Type 1 diabetes market held over USD 731.1 million revenue size in the year 2018. Growing incidence of type 1 diabetes mellitus will offer lucrative opportunities for segmental growth. According to the American Diabetes Association, about 1.25 million people in the U.S. suffer from type 1 diabetes mellitus and more than 38,000 people are forecast to be diagnosed with the disease annually in the country. Furthermore, several programs to spread awareness about type 1 diabetes in adults and children will augment the market growth over the coming years.

The adoption of SMBG devices in home settings is estimated to witness rapid increase over the coming years with the home settings market accounting for 42.4% revenue share in 2018. High growth can be attributed to growing demand for home healthcare devices as they are easy to operate and assist in continuous monitoring of blood glucose levels. Diabetic patients are increasingly opting for home healthcare devices to overcome physician’s cost and achieve real-time monitoring of BGL at their home with high convenience. Such changing customer preferences will positively influence the segment growth in the forthcoming period.

U.S. self-monitoring blood glucose devices market is projected to progress at over 4.5% CAGR in the coming years. Numerous efforts undertaken by government and organizations such as American Diabetes Association working towards lowering the disease cost and burden and rising awareness regarding disease monitoring will highly impact business growth. Moreover, innovations in diabetic care devices and presence of numerous market competitors adopting various strategies to gain significant market share will drive U.S. SMBG devices industry growth over the foreseeable future.

China self-monitoring blood glucose devices market held USD 785.3 million revenue size in 2018. Rising elderly population base vulnerable to various chronic diseases along with high epidemiology of diabetes will drive the China self-monitoring blood glucose devices market over the forecast timeframe. Rising awareness relating to diabetes and disease monitoring will escalate device adoption across the nation, further leading to China SMBG devices business growth.

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Some of the key market players involved in the global self-monitoring blood glucose devices market include Abbott, Bayer Corporation, Dexcom Inc., Roche Diagnostics, LifeScan, Medtronic and Nipro Diagnostics among few others. Acquisitions & mergers, strategic collaborations and partnerships are some of the strategies undertaken by these industry players to broaden their product offerings and acquire significant market position.

Table of Content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Self-Monitoring Blood Glucose Devices Industry Insights
Chapter 4 Self-Monitoring Blood Glucose Devices Market, By Product
Chapter 5 Self-Monitoring Blood Glucose Devices Market, By Application
Chapter 6 Self-Monitoring Blood Glucose Devices Market, By End-User
Chapter 7 Self-Monitoring Blood Glucose Devices Market, By Region
Chapter 8 Company Profiles

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Related Report:

Global Self-monitoring Blood Glucose Devices Market Research Report 2019

This report focuses on Self-monitoring Blood Glucose Devices volume and value at global level, regional level and company level. From a global perspective, this report represents overall Self-monitoring Blood Glucose Devices market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.

https://www.marketstudyreport.com/reports/global-self-monitoring-blood-glucose-devices-market-research-report-2019/?utm_source=Marketersmedia.com-AN

Related Report: https://www.marketwatch.com/press-release/scaffold-technology-market-size-global-analysis-industry-size-share-current-status-segments-and-trends-by-forecast-to-2025-2019-10-16

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