Glucose Monitoring Devices Global Market to Reach $19.2 Billion by 2030: Increased Vulnerability of Diabetics to Various Health Complications Drives the Need for Timely Glucose Monitoring

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Global Market for Glucose Monitoring Devices

Global Market for Glucose Monitoring Devices

Dublin, Feb. 21, 2023 (GLOBE NEWSWIRE) -- The "Glucose Monitoring Devices: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Glucose Monitoring Devices estimated at US$13.1 Billion in the year 2022, is projected to reach a revised size of US$19.2 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2022-2030.

Self-Monitoring Devices, one of the segments analyzed in the report, is projected to record 4% CAGR and reach US$11.3 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Continuous Blood Glucose Monitoring Devices segment is readjusted to a revised 6.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.6 Billion, While China is Forecast to Grow at 8% CAGR

The Glucose Monitoring Devices market in the U.S. is estimated at US$3.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.1 Billion by the year 2030 trailing a CAGR of 8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.6% and 5.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

Select Competitors (Total 32 Featured) -

• Abbott Diabetes Care, Inc.

• ACON Laboratories, Inc.

• AgaMatrix, Inc.

• Alive Technologies Pty. Ltd.

• ARKRAY, Inc.

• Ascensia Diabetes Care Holdings AG

• B. Braun Melsungen AG

• Beurer GmbH

• Dexcom, Inc.

• GlySens Inc.

• LifeScan, Inc.

• Medtronic plc

• Nova Biomedical Corporation

• Omron Healthcare Co., Ltd.

• Roche Diagnostics

• Senseonics Holdings, Inc.

• Terumo Corporation

• Trividia Health, Inc.

• Ypsomed Holding AG

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

• Global competitiveness and key competitor percentage market shares

• Market presence across multiple geographies - Strong/Active/Niche/Trivial

• Online interactive peer-to-peer collaborative bespoke updates

• Access to digital archives and Research Platform

• Complimentary updates for one year

Report Metrics:

Report Attribute	Details
No. of Pages	268
Forecast Period	2022 - 2030
Estimated Market Value (USD) in 2022	$13.1 Billion
Forecasted Market Value (USD) by 2030	$19.2 Billion
Compound Annual Growth Rate	4.9%
Regions Covered	Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• Glucose Monitoring Devices: Enabling Easier and Efficient Monitoring of the Global Diabetes Epidemic

• Growth Drivers in a Nutshell

• Recent Market Activity

• Glucose Monitoring Undergoes Notable Transformation over the Years: An Evolutionary Scan

• Evolution of Diabetes Testing over the Years with Key Features in Each Period

• Diabetes Incidence Reaching Epidemic Proportions Worldwide: Foundation for Market Growth

• Diabetes: One of the Leading Causes of Death Globally

• Diabetes Incidence and Prevalence by Region/Country

• Global Market Outlook

• Developed Countries are Dominant Markets, while Developing Countries Spearhead Market Growth

• Glucose Monitoring Devices - Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Growing Popularity of Smart, Compact, Digital, Ergonomic, and Wireless Glucose Monitors Drive Healthy Market Growth

• Select Disruptive Glucose Monitors Promising Reduced Pain, Lesser Data Load, and Zero Worries

• Innovative Smart Glucometers for Sugar Monitoring

• Need for Real-Time Glucose Sensing and Monitoring Drive Strong Demand for Minimally-Invasive CGM Devices

• Myriad Benefits of CGMs

• CGM Market Gradually Breaks through Barriers to Adoption

• Intensive Care Units: A Highly Promising Market for CGMs

• Key Challenges Hampering Widespread Adoption of CGM Systems

• Despite Competition from CGM Systems, SGM Devices Continue to Dominate Sales

• Blood Glucose Test Strips: The Largest Segment

• Cost: The Ultimate Factor Favoring Growth in Demand for Blood Glucose Monitoring Systems

• Self-Monitoring/Household Blood Glucose:Sustaining Growth in Demand

• Key Trends in the Glucose Meter/Monitoring Systems

• Smartphone Penetration Favors SMBG Market

• Barriers to Adoption of New Technology in BGM Products

• Accuracy Issues Plague Blood Glucose Meters Market

• Advancements in Glucose Monitoring Devices Offers a New Ray of Hope

• Undiagnosed Diabetes: A Major Healthcare Challenge Offering Huge Untapped Potential

• Undiagnosed Diabetics: More Prone to Cardiovascular Diseases

• Increased Vulnerability of Diabetics to Various Health Complications Drives the Need for Timely Glucose Monitoring

• Non-Insulin-Dependent Diabetes Mellitus (NIDDM) Lead to Cardiovascular Complications

• Higher Risk of Diabetes in the Fast Expanding Aging Population Benefit Market Expansion

• Demographic Statistics of the Global Aging Populace: Unfurling the Market Potential

• Increasing Healthcare Expenditure Boosts Demand for SGM and CGM Devices

• Increasing Obesity Levels Underpins Market Growth

• K'Track: Discreet and Painless Glucose- Monitoring Wearable

• The Sugar iQ App Provide Predictive Diabetes Care

• DIABNEXT CLIPSULIN: World's First A.I Tool for Diabetes

• e-mosquito CGM Device

• FreeStyle Libre Flash Glucose Monitoring System

• MyDario Mobile Data Management Platform

• The New Handheld RL-BGM Device

• TOUCH TG

• Pocket-Sized Gadgets

• Digital Contact Lenses

• Gamification

• Leveraging Big Data

• Digital Tattoos

• OneTouch Verio Flex Monitoring System

• Artificial Pancreas System (APS): The Next Big Thing in Glucose Monitoring

• The First-of-its-Kind Artificial Pancreas by Medtronic

• Non-invasive, Acetone Detecting Breathalyzer for Glucose Testing

• Nanotechnology-based Breathalyzer for Non-Invasive Glucose Monitoring

• EMG 1000: Needle-free Device for Glucose Monitoring

• Glucase: Smartphone Case with Glucose Testing Kit

• Painless Diabetes Monitoring Using NFC Technology

• GlucoSense: Laser Device for Non-invasive Monitoring of Glucose Levels

• ClearPath DS-120: Enabling Early Detection of Diabetes & Prediabetes

• NoStripT Technology: Eliminating Need for Individual Test Strips

• Other Innovative and Advanced Glucose Monitoring Systems

• Notable Early-stage Investigative Glucose Monitoring Devices

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/mockpw

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