Blood Glucose Monitoring Devices Market, By Glucose Monitoring System (Self-Monitoring Glucose Monitoring Device (Blood Glucose Meter, Blood Glucose Testing Strip, and Lancet), Continuous Glucose Monitoring Device, and Others), By End User (Hospital/Clinic, Diagnostic Labs, and Home Setting), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI394720 | Publish Date: December 2022 | No. of Pages: 168

Global Glucose Monitoring Devices Market Overview

Blood glucose monitoring is the process of testing the diabetes level within the blood. It helps to acknowledge the glucose level of blood within the required target range. Blood sugar monitoring devices provide useful insight to manage diabetes. It helps to trace the progress of treatment goal also as observe the effect of medication on blood glucose level and understand how ailment affects the glucose level within the blood. The global blood glucose monitoring market accounted for US$ 11.10 billion in 2020 and is estimated to be US$ 19.6 billion by 2029 and is anticipated to register a CAGR of 6.6.

Impact of Covid-19 pandemic on market

With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the product segment. Government across the countries has imposed strict lockdown to limit the spread of disease. COVID-19 would positively impact few home healthcare monitoring products such as blood glucose monitors, blood pressure monitors, pulse oximeters, and temperature monitors. This report will quantify the impact of pandemic on blood glucose monitoring market.

Global Glucose Monitoring Devices Market Dynamics

Rising incidence of diabetes, coupled with increasing geriatric population prone to diabetes is the key factors to drive the market growth. According to the International Diabetes Federation, approximately 424 million people were living with diabetes in 2017 and this number is expected to reach 629 million by 2045. Increasing geriatric population is also propelling the market. According to the World Health Organization (WHO), the global aging population will rise from 12% in 2015 to 22% by 2050. This translates into significant development potential.

Technological advancements

The market has significantly benefited from continuous technological advancements and early detection of hypo and hyperglycemic diabetes. Rapidly changing lifestyles, such as smoking and consumption of alcohol and unhealthy foods, are contributing to the rise in the number of diabetes patients worldwide. Obesity is also one of the major factors contributing to diabetes. According to WHO, over 650 million people were obese in 2016 and this number is expected to grow further during the forecast period.

Access Crucial Insights at a Fraction of the Cost | Request Your Discount

Global Glucose Monitoring Devices Market Segmentation

 

The global blood glucose monitoring market is segmented based on type, component, and region.

On the basis of type, the global blood glucose monitoring market is segmented into self-monitoring blood glucose, and continuous blood glucose monitoring. Based on component, the target market segmented into glucometer devices, test strips, lancets, sensors, and receivers.

Regional Insights: 

On region the global blood glucose monitoring market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America has been leading the global market owing to its well-established healthcare sector. Increasing prevalence of obesity and high cost of treatment is also expected to drive the region, along with technological advancements and new product launches. Moreover, Europe is also expected to capture a significant market share over the forecast period, due to an increase in the geriatric population, which is prone to diabetes. Moreover, improvements in its healthcare sector and implementation of advanced medical products are augmenting demand for blood glucose monitoring devices in the region.

Reduce costs by up to 30% with a custom report tailored to your specific needs | Request Customized Report

Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Type- Self-Monitoring Blood Glucose, and Continuous Blood Glucose Monitoring

By Component: Glucometer Devices, Test Strips, Lancets, Sensors, and Receivers

Delivery Mode Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global blood glucose monitoring market report based on type, component, and region.

Global Blood Glucose Monitoring Market, By Type:

  • Self-Monitoring Blood Glucose
  • Continuous Blood Glucose Monitoring

Global Blood Glucose Monitoring Market, By Component:

  • Glucometer Devices
  • Test Strips
  • Lancets
  • Sensors
  • Receivers

Global Blood Glucose Monitoring Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Glucose Monitoring Devices Market Key Players

The key players operating in the global blood glucose monitoring market includes Abbott Laboratories, Arkay, Inc., Bayer Healthcare AG, F. Hoffmann-La Roche Ltd, Goldsite Diagnostics Inc., GlySure Ltd, Sphere Medical Holding plc., Dexcom, Inc., and LifeScan, Inc. The market is especially characterized by collaborations and partnerships between the businesses and acquisitions of smaller players as a part of strategic expansion as well as launching their new product specimen. For instance, in August 2016, Roche launched the Accu-Chek Guide blood glucose monitoring system. The device is designed to make daily glucose monitoring easy.

Global Glucose Monitoring Devices Market Company Profile

  • Abbott Laboratories
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Arkay, Inc.
  • Bayer Healthcare AG
  • F. Hoffmann-La Roche Ltd
  • Goldsite Diagnostics Inc.
  • GlySure Ltd
  • Sphere Medical Holding plc
  • Dexcom, Inc.
  • LifeScan, Inc.

Global Glucose Monitoring Devices Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Blood Glucose Monitoring Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Type
      • Market Snippet, By Component
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Blood Glucose Monitoring Market, By Type, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Self-Monitoring Blood Glucose
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Continuous Blood Glucose Monitoring
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6. Global Blood Glucose Monitoring Market, By Component, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Glucometer Devices
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Test Strips
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Lancets
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Sensors
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Receivers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  7. Global Blood Glucose Monitoring Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  9. Company Profiles
      • Abbott Laboratories
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategies
      • Arkay, Inc.
      • Bayer Healthcare AG
      • F. Hoffmann-La Roche Ltd
      • Goldsite Diagnostics Inc.
      • GlySure Ltd
      • Sphere Medical Holding plc.
      • Dexcom, Inc.
      • LifeScan, Inc.
  10. The Last Word
    • Future Impact
    • About Us
    • Contact

List of Tables

TABLE List of data sources

TABLE Market drivers; Impact Analysis

TABLE Market restraints; Impact Analysis

TABLE Global Blood Glucose Monitoring Market: Type Snapshot (2019)

TABLE Segment Dashboard; Definition and Scope, by Type

TABLE Global Blood Glucose Monitoring Market, by Type 2019-2029 (USD Million)

TABLE Global Blood Glucose Monitoring Market: Component Snapshot (2019)

TABLE Segment Dashboard; Definition and Scope, by Component

TABLE Global Blood Glucose Monitoring Market, by Component 2019-2029 (USD Million)

TABLE Global Blood Glucose Monitoring Market: Regional snapshot (2019)

TABLE Segment Dashboard; Definition and Scope, by Region

TABLE Global Blood Glucose Monitoring Market, by Region 2019-2029 (USD Million)

TABLE North America Blood Glucose Monitoring Market, by Country, 2019-2029 (USD Million)

TABLE North America Blood Glucose Monitoring Market, by Type, 2019-2029 (USD Million)

TABLE North America Blood Glucose Monitoring Market, by Component, 2019-2029 (USD Million)

TABLE Europe Blood Glucose Monitoring Market, by Country, 2019-2029 (USD Million)

TABLE Europe Blood Glucose Monitoring Market, by Type, 2019-2029 (USD Million)

TABLE Europe Blood Glucose Monitoring Market, by Component, 2019-2029 (USD Million)

TABLE Asia Pacific Blood Glucose Monitoring Market, by Country, 2019-2029 (USD Million)

TABLE Asia Pacific Blood Glucose Monitoring Market, by Type, 2019-2029 (USD Million)

TABLE Asia Pacific Blood Glucose Monitoring Market, by Component, 2019-2029 (USD Million)

TABLE Latin America Blood Glucose Monitoring Market, by Country, 2019-2029 (USD Million)

TABLE Latin America Blood Glucose Monitoring Market, by Type, 2019-2029 (USD Million)

TABLE Latin America Blood Glucose Monitoring Market, by Component, 2019-2029 (USD Million)

TABLE Middle East and Africa Blood Glucose Monitoring Market, by Country, 2019-2029 (USD Million)

TABLE Middle East and Africa Blood Glucose Monitoring Market, by Type, 2019-2029 (USD Million)

TABLE Middle East and Africa Blood Glucose Monitoring Market, by Component, 2019-2029 (USD Million)

List of Figures

FIGURE Blood Glucose Monitoring Market segmentation

FIGURE Market research methodology

FIGURE Value chain analysis

FIGURE Porter’s Five Forces Analysis

FIGURE Market Attractiveness Analysis

FIGURE COVID-19 Impact Analysis

FIGURE Pre & Post COVID-19 Impact Comparison Study

FIGURE Competitive Landscape; Key company market share analysis, 2019

FIGURE Type segment market share analysis, 2019 & 2029

FIGURE Type segment market size forecast and trend analysis, 2019-2029 (USD Million)

FIGURE Component segment market share analysis, 2019 & 2029

FIGURE Component segment market size forecast and trend analysis, 2019-2029 (USD Million)

FIGURE Regional segment market share analysis, 2019 & 2029

FIGURE Regional segment market size forecast and trend analysis, 2019-2029 (USD Million)

FIGURE North America Blood Glucose Monitoring Market share and leading players, 2019

FIGURE Europe Blood Glucose Monitoring Market share and leading players, 2019

FIGURE Asia Pacific Blood Glucose Monitoring Market share and leading players, 2019

FIGURE Latin America Blood Glucose Monitoring Market share and leading players, 2019

FIGURE Middle East and Africa Blood Glucose Monitoring Market share and leading players, 2019

FIGURE North America market share analysis by country, 2019

FIGURE U.S. Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE Canada Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE Europe Blood Glucose Monitoring Market share analysis by country, 2019

FIGURE Germany Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE Spain Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE Italy Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE UK Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE France Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE Rest of the Europe Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE Asia Pacific Blood Glucose Monitoring Market share analysis by country, 2019

FIGURE India Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE China Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE Japan Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE South Korea Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE Rest of APAC Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE Latin America Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE Latin America Blood Glucose Monitoring Market share analysis by country, 2019

FIGURE Brazil Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE Mexico Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE Argentina Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE Rest of LATAM Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE Middle East and Africa Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE Middle East and Africa Blood Glucose Monitoring Market share analysis by country, 2019

FIGURE Saudi Arabia Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE United Arab Emirates Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FIGURE Rest of Middle East and Africa Blood Glucose Monitoring Market size, forecast and trend analysis, 2019-2029 (USD Million)

FAQs

The global blood glucose monitoring market is segmented based on type, component, and region.

Rising incidence of diabetes, coupled with increasing geriatric population prone to diabetes is the key factors to drive the market growth. According to the International Diabetes Federation, approximately 424 million people were living with diabetes in 2017 and this number is expected to reach 629 million by 2045.

North America has been leading the global market owing to its well-established healthcare sector. Increasing prevalence of obesity and high cost of treatment is also expected to drive the region, along with technological advancements and new product launches.

The key players operating in the global blood glucose monitoring market includes Abbott Laboratories, Arkay, Inc., Bayer Healthcare AG, F. Hoffmann-La Roche Ltd, Goldsite Diagnostics Inc., GlySure Ltd, Sphere Medical Holding plc., Dexcom, Inc., and LifeScan, Inc.