According to the report North America Glucose Monitoring Device Market, published by Market Data Forecast, the North America market is projected to reach USD 767.1 million by 2021, at a CAGR of 5.54% from 2016 to 2021.
The North America leads the glucose monitoring device market with the most elevated market value and a share of 34% in the worldwide market in the year 2016. It is the leading market in the current development with the USA representing more than one-third of the worldwide market share.
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North America Glucose Monitoring Device Market: Drivers & Restraints
The expanding reach of diabetic cases is because of less than healthy lifestyle, less than stellar eating routine, unbridled alcohol consumption, and absence of physical movement which drives the market. Likewise, development in self-monitoring blood glucose devices market can be seen because of increment in healthcare expenditure. Certain inhibitors for the market are production defects in the devices.
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North America Glucose Monitoring Device Market: Segmentation
By continuous wearable devices
By self-monitoring devices
- Blood Glucose Meters
- Blood Glucose Strips
- Haemoglobin A1C testing Kits
- clinics & diagnostic centres
- home setting
- ambulatory settings
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North America Glucose Monitoring Device Market: Overview
There are numerous kinds of Glucose monitoring devices for example, glucose meter, testing strips and lancets which are utilized for detecting blood sugar level. They are quite easy to use as they provide the facility of self-testing by utilizing the single glucose meter and distinguished strips. Through the usage of these devices, we can lessen time, in contrast to the glucose testing by conventional methods in laboratories.
These devices are easy to handle as they are portable making them quite convenient to carry. Quantitative tests are carried out by such devices to test the quantity of sugar in the blood. The non-stop glucose monitoring results assist patients in regulating their food intake, exercise, and daily medications. These devices contain sensors for detecting glucose level using the interstitial fluid. Sensors installed in these devices have a time span to be used at one place after which it needs to be replaced. This device continuously monitors the glucose level for a period of time, allowing the patients to make out low and high sugar levels which are riskier. However, for the self-monitoring devices people have to undergo tests and the device only monitors the level for that particular time and not prior to that.
North America Glucose Monitoring Device Market: Region-wise Outlook
On the basis of geography, North America market is segregated into US and Canada. It is the leading market as per current developments with the USA nearly capturing a little more than one-third of the worldwide market share.
Key Questions Answered
North America Glucose Monitoring Device Market: Key Players
The key companies leading the market for their products, services, and continuous product developments are Roche Diagnostics, LifeScan, Bayer Health care, Abbott Diabetes care Inc, AgaMatrix Inc, Arkray Inc, Medtronic, DexCom Inc, Nova Biomedical Corporation and Teruma Europe NV.
Reasons to buy North America Glucose Monitoring Device Market Report:
- regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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