USD 8.10 billion of Blood Glucose Monitoring System Market Statistics, Regional, And Forecast To 2031
Pune, Maharashtra, India, September 19 2022 (Wiredrelease) Prudour Pvt. Ltd –:Global blood glucose monitoring market was valued at USD 8.10 billion in 2016. It is expected to grow at a CAGR 4.8% by 2022. The base year for the report was 2016, and the forecast period is 2017-2022. The market is growing due to rising prevalence of diabetes and new product launches.
Driving Factors
Several factors, including rapid urbanization and the rising shift towards a sedentary lifestyle, in emerging and developed countries are primarily responsible for the growing prevalence of diabetes. For instance, according to the data published by the International Diabetes Federation in 2021, it was estimated that around 537 million adults were suffering from diabetes and countries like China, India, U.S., Brazil, and Mexico accounted for an estimated 51.6% of the global diabetes population in 2021.
Also, a significant increase has been observed in the number of patients suffering from type-1 or insulin-dependent type 2 diabetes, which has been instrumental in surging the uptake of these systems globally. For instance, according to the data published by International Diabetes Federation, in 2021, it was estimated that the incidence of type 1 diabetes was 149.5 per 1,000 in children and adolescents of age (0-19) years and the global prevalence was around 9.8% among the total population.
Hence, the presence of a large patient population suffering from insulin-dependent diabetes, new product introduction by market players, and favorable reimbursement are fueling the demand and adoption of diabetes monitoring products, such as BGMs. As a result, the market is forecasted to grow during 2022-2029.
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Key Benefits
– This study will provide an in-depth analysis of the global “Blood Glucose Monitoring System” market, current and future trends to help investors understand the potential investment opportunities.
– You will find information on the market’s key drivers, their limitations and potential impacts, as well as the impact of these factors on Blood Glucose Monitoring System market size.
– Porter’s Five Forces Analysis illustrates the potential of buyers and suppliers in the industry.
– To determine market potential, a quantitative analysis of the market from 2016-2022 is performed.
Competitive Strategy
To improve their market position on the global Blood Glucose Monitoring System marketplace, key players now focus on product innovations, mergers/acquisitions, recent developments and joint ventures, collaborations, and partnerships. Market players compete based on product quality. This market is dominated by major players who invest in R&D, manufacturing, and infrastructure development. They also look to integrate opportunities across the value chain.
Key Takeaways from the Competitive Landscape Section:
* A comprehensive overview of the profiles of each company of interest
* Participation in revenue share
* Analysis of each key player’s industrial chains
* Business growth strategies mastered by top market players
Key players operating in the global Blood Glucose Monitoring System market are:
Abbott Laboratories
F. Hoffmann-La Roche
Lifescan
Ascensia Diabetes Care
Dexcom
Medtronic
Ypsomed
B. Braun Melsungen
Nipro
Sanofi
Arkray
Prodigy Diabetes Care
Acon Laboratories
Nova Biomedical
Worldwide Blood Glucose Monitoring System Market Segmentation
Analysis by Product Type
Self-Monitoring
Continuous Glucose Monitoring Devices
Analysis by Applications Type
Household
Hospital
Regional Segment Analysis of the Blood Glucose Monitoring System Market
– North America (U.S., Canada, Mexico)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Rest of APAC)
– South America (Brazil and the Rest of South America)
– The Middle East and Africa (UAE, South Africa, Rest of MEA)
To know more about the market opportunities by region and country, click here to Buy The Complete Report: https://market.us/purchase-report/?report_id=53509
Research Methodology by Market.us
Five phases will be used to conduct research on the keyword market. These include primary research as well as secondary research. Subject matter expert advice and quality control are also included. After gaining a better understanding of the requirements, secondary research was conducted to identify segment specifications, qualitative and quantitative data as well the factors driving the market growth. Secondary sources used in the study are press releases, annual reports from companies and research papers that relate to the industry.
For precise information on market expansion opportunities, data was also gathered from various sources, including trade journals, industry magazines, government websites and associations. Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Faction, Bloomberg, One Source and Hoovers, which proved to be useful for in-depth technical study of the market.
This report answers the following 12 key questions
1. Is Blood Glucose Monitoring System a booming industry?
2. How big is the Blood Glucose Monitoring System market?
3. How fast is the Blood Glucose Monitoring System industry growing?
4. Who are the key players in Blood Glucose Monitoring System?
5. Which industry uses Blood Glucose Monitoring System the most?
6. What is the Blood Glucose Monitoring System market growth?
7. Which region held the largest arBlood Glucose Monitoring System market share?
8. What factors drive the Blood Glucose Monitoring System market?
9. What are the business risks and threats to the market?
10. What are the emerging trends in this market and the reasons behind them?
11. What are some changing demands of customers in the market?
12. What are the new developments in the market? Which companies are leading these developments?
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TOC Highlights:
Chapter 1 Preface
This segment provides opinions of key participants, an audit of Blood Glucose Monitoring System industry, market outlook across key regions, financial services, and various challenges faced by Blood Glucose Monitoring System market. It briefly introduces the global Blood Glucose Monitoring System market. This section depends on the Scope of the Study and Report Guidance.
Chapter 2 Executive Summary
It elaborated market outlook by segmentation in Blood Glucose Monitoring System market. In addition, it also represents the market snapshot covered in the report.
Chapter 3 Market Dynamics
This section comprises current market dynamics in the Blood Glucose Monitoring System market. Such as key driving factors, major opportunities areas, restraining factors, & recent trends in Blood Glucose Monitoring System market. It also includes SWOT analysis and Porter’s five force analysis. This help to identify the key growth factors and challenges in the Blood Glucose Monitoring System market.
Chapter 4 Global Blood Glucose Monitoring System market Analysis, Opportunity, and Forecast, 2016-2032
This chapter comprises the current scenario of the Global Blood Glucose Monitoring System market in 2021, including forecast estimation for 2023-2032.
Chapter 5 Geographic Analysis
This section has covered in-depth regional market share analysis and carefully scrutinized it to understand its current and future growth, development, and demand scenarios for this market.
Chapter 6 Covid-19 Impact
This section briefly describes the positive and negative impact of the COVID-19 Pandemic on the Global Blood Glucose Monitoring System Market.
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Chapter 7 Pricing Analysis
This chapter provides price point analysis by region and other forecasts.
Chapter 8 Competitive Landscape
It includes major players in the Blood Glucose Monitoring System market. Moreover, it also covers the detailed company shares analysis in the report based on their product’s demand, and market served, the number of products, applications, regional growth, and other factors.
Chapter 9 Research Methodology
The research methodology chapter includes the following main facts,
9.1 Coverage
9.2 Secondary Research
9.3 Primary Research
Chapter 10 Conclusion
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