Lewes, DE -- (SBWIRE) -- 08/05/2014 -- The growing market for glucose monitoring devices in Benelux and Scandinavian countries is currently led by Roche, while LifeScan, Bayer and Abbott also hold significant stakes.
The combined value of the Benelux and Scandinavian glucose monitoring devices markets will increase from $494 million in 2013 to $783 million by 2020, at a Compound Annual Growth Rate (CAGR) of 7%. Roche boasts the largest share of any company in all six countries (the Netherlands, Belgium, Luxembourg, Norway, Sweden and Denmark).
According to the report findings: “The increasing prevalence of diabetes, aligned with improved awareness of the condition, is the most significant factor driving the growth of the glucose monitoring devices market in the Benelux and Scandinavian regions. Roche is best placed to benefit most from the forecasted growth thanks to its strong position at present.”
“Continuous Glucose Monitoring devices are preferable to traditional glucose meters as they are able to measure glucose levels regularly. This allows for medication to be taken when it is most needed and subsequently reduces the risk of complications caused by hypoglycemic or hyperglycemic events.”
"Glucose Monitoring Devices 2006 to 2020 – Benelux and Scandinavia" provides quantitative analysis of the two glucose monitoring devices market segments: blood glucose meters and blood glucose test strips. It includes market size data by revenue and volume over the 2006–2020 period and key company share data by revenue and volume in 2013 for the following countries: Netherlands, Belgium, Luxembourg, Sweden, Denmark and Norway.
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