Self-Monitoring Blood Glucose Market 2019 Analysis by Key Technologies, Market Trends, Key Companies, and Regional Forecast to 2024
The Self-Monitoring Blood Glucose Market report expects to give a 360-degree perspective available as far as cutting-edge innovation, key improvements, drivers, restrictions and future patterns with effect examination of these patterns available for present moment, mid-term and long term during the forecast period. Further, the report likewise covers key players profiling with point by point SWOT investigation, budgetary certainties and key improvements of items/administration from the previous three years.
The report first poses the Self-Monitoring Blood Glucose Market basics: definitions, applications, classifications, and market overview; product specifications; manufacturing processes; cost structures, raw materials and more.
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Scope of the Report:
There are 4 key segments covered in this Self-Monitoring Blood Glucose Systems Market report:
- Competitor segment
- Product type segment
- End-use/application segment
- Geography segment
Self-Monitoring Blood Glucose Market with Key Segments:
By Product Types: Type 1, Type 2, Type 3
By Applications: Application 1, Application 2, Application 3
By Key Players:
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Self-Monitoring Blood Glucose Market Report Provides the Following:
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Key Market Trends: – Most of the Glucometer Market Revenue is Generated from Blood Glucose Test Strips.
Glucometer is considered to be a one-time purchase. However, test strips, on the other hand, are considered to be a continuous investment, as a test strip needs to be disposed off after one use. Thus, it presents a considerable cost impact to the consumers.
Overall, the global demand for blood glucose test strips is projected to witness significant growth over the forecast period. The growth of the market studied is expected to be spurred by the rising global diabetic population.
The growth in market volumes and share of the test strip is expected to be better than that of glucometers, because of the difference in the use-case frequency. While an average glucose meter lasts anywhere between six months and three years, presenting a one-time cost, during the same time frame, the corresponding use of multiple (in the range of thousands) test strips may occur, causing a recurrent cost impact.
North America has the Largest Market Share, and will Continue to Do So in the Future
The global self-monitoring blood glucose systems market is currently experiencing a boost because diabetic patients have to test their glucose levels throughout the day. Mainly Type 1 diabetic people must, and should, test their blood glucose at least three times per day to take their insulin dosage.
The countries in the North American region have a high prevalence of diabetes. According to WHO in 2015, approximately 1.6 million deaths were attributed directly to diabetes on a global scale. An additional 2.2 million deaths were caused due to high blood glucose in 2012.
According to the ADA (American Diabetes Association), the total assessed cost for diagnosed diabetes in 2017 was USD 327 billion, which was inclusive of USD 237 billion in direct medical costs and USD 90 billion in augmented productivity.
The prevalence of diabetes has increased dramatically during the past two decades, which is a fact driven by the increased prevalence of obesity and lifestyle changes. Diabetes ranks among the fast-growing chronic diseases in the United States.
Self-Monitoring Blood Glucose Market Covers Following Points in TOC:
- Chapter 1: Self-Monitoring Blood Glucose Market Definition
- Chapter 2: Research Methodology of Self-Monitoring Blood Glucose Market
- Chapter 3: Self-Monitoring Blood Glucose Market Executive Summary
- Chapter 4: Self-Monitoring Blood Glucose Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
- Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
- Chapter 6: Self-Monitoring Blood Glucose Market Segmentation by Types, End-User, and Applications Forecast to 2024
- Chapter 7: Self-Monitoring Blood Glucose Market Segmentation by Geographical Regions
- Chapter 8: Competitive Landscape of Self-Monitoring Blood Glucose Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
- Chapter 9: Key Players for Self-Monitoring Blood Glucose Market
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