Global Blood Glucose Monitoring System Market– Industry Trends and Forecast to 2026
Pune, India -- (SBWIRE) -- 02/12/2020 -- The Global Blood Glucose Monitoring System Market is expected to rise from its initial estimated value of USD 13.9 billion in 2018 to an estimated value of USD 22.3 billion by 2026, registering a CAGR of 6.0% in the forecast period of 2019-2026 due to the rising diabetic population and increasing prevalence of innovative testing methods.
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Few of the major competitors currently working in the blood glucose monitoring system market are Medtronic, Abbott, F. Hoffmann-La Roche Ltd, Johnson & Johnson Services Inc., PHC Holdings Corporation, Dexcom Inc., Ypsomed, B. Braun Melsungen AG, NIPRO, Sanofi, ARKRAY Inc., Prodigy Diabetes Care LLC., ACON Laboratories Inc., Nova Biomedical, Bayer AG, BD, Roper Technologies Inc., TERUMO CORPORATION, and Novo Nordisk A/S.
Worldwide Blood Glucose Monitoring System market report gives out the most excellent opportunities available in the market and efficient information with which business can achieve great success. This Blood Glucose Monitoring System report also gives the details about the market drivers and market restraints that help in knowing rise or fall of the demand of particular product with respect to market conditions. The report also illustrates the CAGR values for the historic year 2018, the base year 2018, and the forecast for the year 2019-2026. Research and analysis about the key developments in the Healthcare industry and key competitors along with their strategies included in this report guides businesses think about the advanced picture of the market place and products.
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Market Definition: Global Blood Glucose Monitoring System Market:-
Blood glucose monitoring systems are diagnostics systems that are very important for the care and treatment of diabetes, it is used to measure and monitor the levels of blood sugar in the patients. With the rising prevalence of diabetes and diabetic population across the regions, the importance of blood glucose monitoring system's demand is very high. These systems usually take blood samples, but with rising innovation and advancements in technology, even blood testing is considered traditional and sensors are deployed for continuous monitoring.
Segmentation: Global Blood Glucose Monitoring System Market:-
Blood Glucose Monitoring System Market : By Product
Blood Glucose Monitoring System Market : By Testing Site
Blood Glucose Monitoring System Market : By Patient Care Setting
Blood Glucose Monitoring System Market : By Application
Type 2 Diabetes
Type 1 Diabetes
Blood Glucose Monitoring System Market : By Geography
Middle East and Africa
Key Developments in the Blood Glucose Monitoring System Market: -
In March, 2018 Medtronic received FDA approval for its continuous glucose monitoring system in people with diabetes aged between 14-75 years, called Guardian Connect.
In September, 2017 Abbott received approval from FDA for FreeStyle Libre Flash its revolutionary blood glucose monitoring device that didn'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.
Blood Glucose Monitoring System Market Drivers:-
Increasing levels of diabetic population across the world is expected to drive the market growth
Innovation and advancements in these systems is also expected to drive the market growth
Blood Glucose Monitoring System Market Restraints:-
Fluctuating economic distribution in the developing regions is expected to restrain the market as these monitoring systems can be substituted for cheaper ones
Stringent regulations and decreased lab investments is expected to restrain the market growt
Competitive Analysis: Global Blood Glucose Monitoring System Market
The global blood glucose monitoring system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of blood glucose monitoring system Market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report:-
Current and future of global blood glucose monitoring system market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:-
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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