WiseGuyReports.Com Publish a New Market Research Report On –“ Blood Glucose Measurement Market to 2023 –Global Market Size, Development Status, Top Manufacturers, and Forecasts”.
Diabetes mellitus is group of diseases which affects blood sugar (glucose) levels in the body. Glucose is very important for the health as it’s a vital energy source of the cells which is helpful to build the muscles and tissues. It is one of the source to fuel the brain activities. Diabetes is characterised by increased levels of glucose in the blood. Blood glucose measuring devices helps the patients and healthcare professionals in measuring the glucose levels in the blood.
Blood glucose monitoring devices market is driven by the high incidence of diabetes worldwide. According to the World Health Organisation (WHO), prevalence of the diabetes among adults about 18 years, risen from 4.7% to 8.5% from2012 to 2014 and diabetes is the 7th leading cause of the death. In addition to this factors, rise in advancements in technology like evolution in the continuous glucose monitoring devices are boosting the growth of blood glucose monitoring devices market. Moreover, rise in demand of portable self-glucose measuring devices, rise in investments and activities in R&D and funds from the government in preventing and treating diabetes are boosting the growth of the blood glucose measurement devices. Frequent product recalls of glucose testing strips owing to the manufactural defects and supplying of test strips which are, less differentiation products among the self-blood glucose monitors are some of the factors which are hampering the growth of the blood glucose measurement devices. Due to limited facilities of reimbursement and availability of alternative treatments which includes cell based assays, identification of biomarkers and artificial pancreas and high costs of the devices are the few threats for the growth of market.
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Major Key Players Analysis :-
Some of the players in the blood glucose measurement market are Nipro Diagnostics, Inc. (U.S.), Abbott Laboratories (U.S.), ARKRAY (Japan), Medtronic (U.S.), Bayer AG (Germany), Dexcom, Inc. (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Johnson and Johnson Services Inc. (U.S.) and Terumo Medical Corporation (U.S.) to name a few.
The report provides a comprehensive outlook over the global Blood Glucose Measurement market. The report is made through a combination of both quantitative and qualitative analysis. This can be branched down into a 60% and 40% segmentation, respectively. The report provides precise market estimations as well as offers a forecast of the market over the period between 2019 and 2025, wherein 2018 is considered as the base year. The market estimation is narrowed down in terms of segments and different regions.
The qualitative contents in the geographical segmentation of the global Blood Glucose Measurement market is slated to cover the key trends ongoing in every region and country. The regional segmentation includes PEST analysis of every single region, comprising economic, political, technological, and social factors that might influence the growth of the market. The report also includes some of the leading players of the market as per different regions.
The report lays a strategic focus upon each of the segments in the global Blood Glucose Measurement market. Add to this, the report offers an accurate understanding of the global market size as well as growth that is projected over the forecast period. An in-depth study of the market was done by taking the prevalent trends into concern and the same is highlighted in the report. The market analysis includes a Porter’s Five Forces analysis, value chain analysis, and market attractiveness analysis. The Porter Five Forces analysis, in particular, helps in assessing the present market situation and the competitive nature of the same.
The report also provides a list of profiles of various key and emerging players in the global Blood Glucose Measurement market, who are significantly contributing to the overall growth or hold the potential to make a major impact in the market. The competitive analysis of the market includes a financial overview of the companies, some of the key strategies employed by them, and various other developments made in the industry.
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