Pune, India -- (SBWIRE) -- 02/19/2020 -- Global glucose sensors market is set to witness a healthy CAGR of 19.4% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. The rise in the market value can be attributed to increasing cases of diabetes, and rising awareness, increasing geriatric population and increasing use of CGM devices.

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Some of the major players operating in global glucose sensors market are AstraZeneca, BD, Eli Lilly and Company, Biocon, Sanofi, Smiths Group plc., Wockhardt Limited, Novo Nordisk A/S, Nipro, InjexUK, Bristol-Myers Squibb Company, F. Hoffmann-La Roche Ltd., Ypsomed, Mannkind Coroporation, Arkray, B. Braun Melsungen AG, Dexcom, Inc., Sannuo biosensor Ltd. and Bio-Rad Laboratories, Inc. among others.

To elaborate the studies and estimations involved in this Glucose Sensors market report, a method of standard market research analysis which is SWOT analysis is put forth. This market report opens the door to acquire knowledge about the Healthcare industry which explains what market definition, classifications, applications, engagements and market trends are. The Glucose Sensors Market report makes it effortless to identify the types of consumers, their response and views about particular products, their thoughts for the improvement of a product and appropriate method for the distribution of certain product. This top-quality market report is prepared with the proficient capabilities and excellent resources in research, data collection, development, consulting, evaluation, compliance and regulatory services.

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Market Definition: Global Glucose Sensors Market:-

Glucose sensors are compressed analytical device or an element, integrating a biological or biologically derivative sensitive recognition section combined with physiochemical transducer. These sensors are important for oral glucose lowering medication or insulin treatment to deliver data of glucose concentrations in body. These sensors are pretty effective in monitoring the glucose level in human body.

According to the International Diabetes Federation, in 2017, diabetes caused 4 million deaths in which around 425 million adults were living with diabetes and this number will rise to 629 million by 2045. The number of adults with diabetes who are living in low- and middle-income countries is around 79%. Large numbers of people suffering from diabetes are in between 40 and 59 years of age.

Segmentation: Global Glucose Sensors Market:-

Glucose Sensor Market : By Product

Invasive Glucose Monitoring
Non Invasive Glucose Monitoring
Lab Based Glucose Monitoring
Self-Glucose Monitoring

Glucose Sensor Market : By Technology

Photo Acoustic Spectroscopy
Optical Coherence Tomography
Polarimetry
Fluorescence
MIR Spectroscopy
NIR Spectroscopy
Impedance Spectroscopy
Skin Suction Blister Technique
Sonophoresis
Reverse Iontophoresis

Glucose Sensor Market : By Component 

Sensors
Transmitters & Receivers
Integrated Insulin Pumps

Market Drivers : Global Glucose Sensors Market:-

Rising number of diabetes patients is driving the market growth
Increase in research and development investments is accelerating the market growth
Accurate and precise data of  the sensor is acting as a catalyst in market growth
Growing healthcare expenditure is increasing the market growth
Growing geriatric population is enhancing the market growth

Glucose Sensors Market Restraints:-

Strict rules and high cost of the sensors is hampering the market growth
Emerging Economies is hindering the market growth

Key Developments in the Glucose Sensors Market:-

In June 2019, Nemaura Medical has received European approval to use needleless continuous glucose monitor on diabetic patients. This monitor was named as sugarBEAT. This device is paired with a smartphone app displaying glucose readings every five minutes. This approval would present a convenient alternate to the traditional methods used to monitor blood glucose to the patients

In March 2018, Medtronic plc announced that it has received U.S. Food and Drug Administration (FDA) approval for its Guardian Connect continuous glucose monitoring (CGM) system. It is the first smart standalone CGM system which assists people with diabetes to protect them from high and low glucose events. This  system would encourage people using multiple daily injections to control their diabetes

Glucose Sensors Market : Competitive Analysis:-

Global glucose sensors 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 glucose sensors market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Features mentioned in the report:-

Changing market dynamics of the industry
To get a comprehensive overview of the Glucose Sensors market.
Historical, current and projected market size in terms of volume and value
In-depth market segmentation
Competitive landscape of Glucose Sensors Market

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