Global Blood Glucose Monitoring Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024 Blood Glucose Monitoring Market report contains a forecast of the next 5 years, starting 2019 and ending 2024 with a host of metrics like supply-demand ratio, Blood Glucose Monitoring market frequency, dominant players of Blood Glucose Monitoring market, driving factors, restraints, and challenges. The report also contains market revenue, sales, Blood Glucose Monitoring production and manufacturing cost that could help you get a better view on the market. The Report Focuses on the key Global Blood Glucose Monitoring manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
The global blood glucose monitoring market is expected to register a CAGR of 11.88% during the forecast period of 2019 – 2024; the market is estimated to reach USD 12.8 billion by 2019.
Top Companies in the Global Blood Glucose Monitoring Market: Abbott Diabetes Care, Roche, Johnson & Johnson, Dexcom, Medtronic, Arkray, Ascensia Diabetes Care, Agamatrix Inc., Bionime Corporation, Acon, Medisana, Trivida, Rossmax And others.
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Glucometer consumables (test strips and lancets) occupy the highest market share
Although CGM is an advanced way for people living with diabetes to check glucose readings in real-time, SMBG is the most preferred device by the patients due to its economic affordability and less sophisticated usage when compared to CGM. The SBGM occupies more than 87% of the share in the blood glucose monitoring market. The further segmented market of SBGM gives an understanding that the disposable consumables test strips and lancets, occupy the larger market share when compared to glucometer devices. However, the CAGR for glucometer devices is high.
CGM, though it provides real-time data of blood glucose levels for patients, has low adaptability in the emerging markets. However, CGMs adaptability is high in developed markets. The cost factor is a major concern for the low growth of CGM in emerging markets.
North America is leading the market
In 2018, North America, especially the United States, held the largest share in the blood glucose monitoring market, due to the large patient pool and wide acceptance of advanced technologies followed by Europe, which showed moderate growth. Asia-Pacific, Latin America, and the Middle East & Africa showed low growth due to economic affordability.
Regional Analysis For Blood Glucose Monitoring Market:
For comprehensive understanding of market dynamics, the Global Blood Glucose Monitoring market is analyzed across key geographies namely: North America (Global Canada, Mexico), Europe (Germany, UK, France, Rest of Europe), Asia Pacific (China, Japan, Global Rest of Asia Pacific), Latin America (Brazil, Argentina, Rest of Latin America) And Rest of the World.
The report has 150 tables and figures browse the report description and TOC:
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Blood Glucose Monitoring Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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