2019-2024 Blood Glucose Monitoring Market | Top Industries with Market Growth Rate, Industry Size, Share, Latest Trends and Forecast
This “Blood Glucose Monitoring Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Blood Glucose Monitoring market can use for expanding their business in untapped market to increase their customer base.
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Blood Glucose Monitoring Market Covers Manufacturers:
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Key Market Trends: – Glucometer consumables (test strips and lancets) occupy the highest market share
Although CGM is an advanced way for people living with diabetes to check glucose readings in real-time, SMBG is the most preferred device by the patients due to its economic affordability and less sophisticated usage when compared to CGM. The SBGM occupies more than 87% of the share in the blood glucose monitoring market. The further segmented market of SBGM gives an understanding that the disposable consumables – test strips and lancets, occupy the larger market share when compared to glucometer devices. However, the CAGR for glucometer devices is high.
CGM, though it provides real-time data of blood glucose levels for patients, has low adaptability in the emerging markets. However, CGM’s adaptability is high in developed markets. The cost factor is a major concern for the low growth of CGM in emerging markets.
North America is leading the market
In 2018, North America, especially the United States, held the largest share in the blood glucose monitoring market, due to the large patient pool and wide acceptance of advanced technologies followed by Europe, which showed moderate growth. Asia-Pacific, Latin America, and the Middle East & Africa showed low growth due to economic affordability.
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Target Audience of Blood Glucose Monitoring Market:
- Manufacturer / Potential Investors
- Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
- Association and government bodies.
Key Reasons to Blood Glucose Monitoring Market Report:
- Analyzing various perspectives of the Blood Glucose Monitoring market with the help of Porter’s five forces analysis
- The End User that is expected to dominate the Blood Glucose Monitoring market is analyzed in detail
- The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Blood Glucose Monitoring market.
- Identify the latest developments, market shares and strategies employed by the major market players.
- Regional analysis of Blood Glucose Monitoring market studied, during the forecast period
- The segments that are expected to dominate the Blood Glucose Monitoring market studied.
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