Self-Monitoring Blood Glucose Devices Market Is Forecast to Grow at a CAGR of 4.8% (2018-2023) and Will Reach USD 9.4 Bn in 2023
The self-monitoring blood glucose devices market comprises testing strips, glucometers and other product segments such as lancets and lancing devices. Increase in aging population, high prevalence of diabetes due to unhealthy lifestyle, poor diet, excess alcohol consumption, and lack of physical activity, creates a huge demand for blood glucose devices across the globe. Market players are primarily focusing on product launches, and mergers and acquisitions to broaden their customer base, as well as to consolidate their position in the market.
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