Los Angeles, CA -- (SBWire) -- 03/15/2019 --The global BGM devices market is growing due to the increase in the number of people with diabetes, especially type 1 diabetes. To avoid high doses of medication and insulin intake, these people are moving toward monitoring blood glucose levels by learning about the technicalities and the usage of BGM devices.
Global rise in the prevalence and incidence of diabetes and increasing adoption of continuous glucose monitoring (CGM) systems are the key factors propelling the growth of this market. In addition, continuous technological advancements in blood glucose monitoring devices and rapid growth in aging population are further stimulating the demand for blood glucose monitoring devices. However, inadequate reimbursement and high cost associated with the application of CGM systems and product recalls are some of the key factors hampering the growth of this market.
North America and Europe are anticipated to lead the global market on account of their large population plagued with diabetes, the region's rapidly increasing geriatric and obese population, and their high per capita expenditures on healthcare. The Asia Pacific market is expected to rise at a substantial rate during the forecast period ascribed to the populous nations of India and China. The market in Latin America and Middle East & Africa is likely to expand at moderate growth rate over the period of forecast.
The global Blood Glucose Monitoring Devices market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Blood Glucose Monitoring Devices volume and value at global level, regional level and company level. From a global perspective, this report represents overall Blood Glucose Monitoring Devices market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
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The following manufacturers are covered:
Terumo Corporation
Acon Laboratories
Roche Diagnostics
Johnson?Johnson
ARKRAY
Novo Nordisk
Medtronic
Abbott Laboratories
Ypsomed
Sanofi
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Self-Monitoring Devices
Continuous Glucose Monitoring Devices
Segment by Application
Hospitals and Diagnostic Laboratories
POL
Home-Care Settings
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Blood Glucose Monitoring Devices Market by Growth Analysis 2029 : Terumo Corporation, Acon Laboratories, Roche Diagnostics
QYResearch is a leading market research publisher which pursuits high product quality with the belief that quality is the soul of business and consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience.