Global Glucose Monitoring Market 2023

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Global Glucose Monitoring Market
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Summary

• Glucose Monitoring consist of products that are
  essential for patients sufferingdiabetes. With
  the projected rise in aged population and
  awareness about suchconditions, the market is
  focused on growing with newer technology and
  improved products. According to analysis, the
  Glucose Monitoring global market is expectedto
  grow at single digit CAGR to reach 11,248.5
  million by 2023. Factors drivingthe Glucose
  Monitoring market are global rise in the
  prevalence and incidence ofdiabetes, continuous
  technological advancement, increasing demand for
  less invasive products, increase in RD
  investments are driving the market growth.
  Increase in obesity population due to lifestyle
  changes, increase in urbanization,
  untappedmarkets like Middle East, Africa shows
  that glucose monitoring market has
  vastopportunities in the coming years. Frequent
  product recalls i.e. glucose testing strips due
  to manufacturing defects or supply of expired
  test strips and less productdifferentiation
  among the self blood glucose monitors are the
  factors that arerestraining the market growth.
  The limited reimbursement facilities and
  alternativetreatments that include cell based
  assays, biomarkers identification and
  artificialpancreas and high cost associated with
  Continuous Glucose Monitoring (CGM) arethreats
  for the market growth.

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• Glucose Monitoring global market is classified
  based on products, sample type, end-users and
  geography. The products segment is divided into
  three segments i.e.,Invasive, Non-Invasive and
  lab based glucose monitoring products. The
  Invasiveglucose monitoring products segment
  accounted the largest share in 2016 due
  totechnological advancements, easy use, patient
  friendly etc. Invasive products areclassified
  into Self glucose monitoring and continuous
  glucose products. The selfglucose monitoring
  segment accounted the largest share in 2016 due
  to development of minimally invasive products.
  The Self glucose monitoring products are
  furtherclassified into blood glucose monitors,
  blood glucose test strips, lancets and others.
  The blood glucose testing strips segment
  accounted for the largest share in 2016 due
  development of no coding strips. The continuous
  glucose market includes productssensors/receiver
  and transmitter. Continuous glucose segment is
  fastest growingsegment and is projected to grow
  at a strong CAGR of XX from 2016 to 2023.
• Based on sample type the market is segmented into
  blood, urine and others. Theblood segment
  accounted the largest share in 2016 and is
  projected to grow at aCAGR of 0.3 from 2016 to
  2023 due to the accuracy of results.

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• Other source based glucose monitoring segment is
  fastest growing segment and isprojected to grow
  at a strong CAGR of XX from 2016 to 2023 due to
  increases R D investment, many product are CE
  approved and expected launch very soon in market.
• Based on end users the market is segmented into
  hospitals, private clinics, homecare and
  ambulatory settings. Among end-users, home care
  segment accounted forthe largest share in 2016
  and is projected to grow at a strong CAGR of X
  from2016 to 2023 due to availability of self
  blood monitor over the counter and ease
  inoperating these monitors and thereby reduces
  dependence on any clinics for glucose check.
• Based on geography the market is segmented into
  North America (U.S. and Others), Europe (Germany,
  France, U.K. and Others), Asia-Pacific (Japan,
  China, India Others) and Rest of the World
  (Brazil, Middle East others and Rest of
  LatinAmerica). North America accounts for the
  highest market share of XX followedby Europe.

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• Major players in Glucose monitoring market
  include Roche (Switzerland), Dexcom (U.S.), B.
  Braun Melsungen AG (Germany), Medtronic, Inc.
  (Ireland), Johnson Johnson (U.S.), Abbott
  Laboratories (U.S.), AgaMatrix (U.S.), Arkray
  (Japan),Ascensia (Switzerland), Trividia Health,
  Inc (U.S.) etc.

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Global Glucose Monitoring Market
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