Blood Glucose Monitoring System Market - Trends Forecast Till 2028

Market Overview

The global blood glucose monitoring system market is anticipated to reach USD 11.7 billion by 2020 growing at a CAGR of 5.2% during the forecasting period, 2020-2028. Blood glucose monitoring systems are the diagnostic systems that are necessary for the care & treatment of diabetes which is used for measuring and monitoring the levels of blood sugar in patients. Factors such as the growing prevalence of diabetes and the rising number of product launches are some of the major drivers for the market of blood glucose monitoring system

Key Findings

The global blood glucose monitoring system market is segmented into modality products, testing sites, connectivity technology, advanced devices, patient care setting, application, and geography.

The product segment is segmented into self-monitoring blood glucose systems, continuous glucose monitoring systems, insulin drug delivery devices. Self-Monitoring Blood Glucose Systems is further segmented into testing strips, blood glucose meters, lancets & lancing devices. The continuous Glucose Monitoring Systems segment is further segmented into transmitters, sensors, receivers. The Insulin Drug Delivery Devices segment is further segmented into insulin syringes, insulin pens, insulin pumps, insulin jet injectors.

Testing Site segment is segmented into Alternate Site Testing, Fingertip Testing

On the basis of the testing site, the fingertip testing segment is expected to dominate the market for blood glucose monitoring systems during the forecast period 2020-2028

The connectivity technology segment is segmented into Biosensors, Bluetooth-Enabled, Smartphone-Based Glucometers, Others

Advanced devises segment is segmented into Smart Contact Lenses, Laser-Based System, Earlobe Devices, Saliva Analyzers, Wearables, Others

Patient Care Setting segment is segmented into Hospitals & Clinics, Home Care

The application segment is segmented into Type 2 Diabetes, Type 1 Diabetes, and Gestational Diabetes. Type 2 diabetes is further segmented into adults and pediatrics. Type 1 diabetes is further segmented into adults and pediatrics.

Geographically, the global blood glucose monitoring system market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions.

Regional Analysis

North America region is the largest contributor to the blood glucose monitoring system market in the forecast period 2020-2028.

Competitive Landscape

Key players in global blood glucose monitoring system market F. Hoffmann-LA Roche Ltd, Abbott, Thermo Fisher Scientific Inc., Siemens AG, Bio-Rad Laboratories, Inc., BD, Beckman Coulter, Inc., Biomérieux SA, Cepheid (A Subsidiary Of Danaher Corporation), Enzo Biochem Inc., Grifols International, S.A., Hologic Inc., Immucor, Inc., Meridian Bioscience, Inc., Ortho Clinical Diagnostics among others

Recent Developments

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

• In 2018, Medtronic has received FDA approval for a continuous glucose monitoring system in people with diabetes aged between 14-75 years, called Guardian Connect.
• In 2017, Abbott has received FDA approval for FreeStyle Libre Flash its revolutionary blood glucose monitoring device that doesn't require finger pricking, instead it required a sensor to be worn underneath the skin that could be used for 10 days and for continuous monitoring.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
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Report Scope