Global Blood Glucose Monitoring Market Information: By Product Type (Invasive Glucose Monitoring, CGM, Flash Glucose Monitoring), Application (Type 1 Diabetes, Type 2 Diabetes), & End User (Diagnostic Centers, Hospitals, Clinics) – Forecast till 2023
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Blood Glucose Monitoring Market Scenario
The Global Blood Glucose Monitoring Market is predicted to register 7.1% CAGR during the forecast period (2017-2023) owing to the increased diabetic population across the globe, asserts Market Research Future (MRFR).
Blood Glucose Monitoring is referred to as the process of testing diabetes level in the blood which helps to identify the glucose level in the blood within a specific target range. The various blood glucose monitoring devices available in the market are termed as blood glucose meter. These devices offer useful insights to manage diabetes and helps in tracking the progress of treatment goal. It also helps to observe the effect of medication on the blood sugar level besides understanding how the will ailment effect the glucose level in blood.
Global Blood Glucose Monitoring Market: Segmental Analysis
The Global Blood Glucose Monitoring Market has been segmented on the basis of application, product type, end-user, and region.
By mode of product type, the global blood glucose monitoring market has been segmented into continuous glucose monitoring devices (CGM), invasive glucose monitoring devices, flash glucose monitoring devices, and others.
By mode of application, the global blood glucose monitoring market has been segmented intotype 1 diabetes, type 2 diabetes, and others.Type-I and type-II diabetes are further sub-segmented into pediatrics and adult. The rising prevalence of type-II diabetes is fueling the growth of the use of blood glucose monitoring system.
By mode of end-users, the global blood glucose monitoring market has been segmented intohospitals, diagnostic centers, research centers, clinics,and home care diagnostics. Among these, the homecare segment is considered to dominate the global market owing to an increased diabetic population coupled with the growing preference for minimally invasive technologies which can be used at home.
TABLE OF CONTENT
- Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
- Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
LIST OF TABLES
Table 1 Blood Glucose Monitoring Industry Synopsis, 2017-2023
Table 2 Global Blood Glucose Monitoring Market Estimates And Forecast, 2017-2023, (USD Million)
Table 3 Global Blood Glucose Monitoring Market By Region, 2017-2023, (USD Million)
Table 4 Global Blood Glucose Monitoring Market By Product Type, 2017-2023, (USD Million)
Table 5 Global Blood Glucose Monitoring Market By Application, 2017-2023, (USD Million)
Table 6 Global Blood Glucose Monitoring Market By End User, 2017-2023, (USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation For Global Blood Glucose Monitoring Market
Figure 3 Segmentation Market Dynamics For Blood Glucose Monitoring Market
Figure 4 Global Blood Glucose Monitoring Market Share, By Product Type 2016
Figure 5 Global Blood Glucose Monitoring Market Share, By Application 2016
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Blood Glucose Monitoring Market – Regional Analysis
The regional segmentation of global blood glucose monitoring market segments the market into regions namely The Americas (North America & South America), Europe, Asia Pacific, and Middle East & Africa (MEA). The Americas command the largest market share due to the notable increasing incidence of obesity, physical inactivity, and unhealthy diet. With medical facilities being more advanced in North America, it is a bigger market than South America. In North America, the biggest markets comprise of the United States of America (USA) and Canada. Many key players in this market are based in the USA.
Due to reasons same as The Americas, in Europe, Western Europe is greater market than Eastern Europe. Europe is the second largest market for blood glucose monitoring, followed by the Asia Pacific in the global blood glucose monitoring market, owing to the environmental pollutants, psychosocial factors, smoking, and socioeconomic deprivation. Furthermore, government support via for research & development (R & D) regarding blood glucose monitoring boosts this market. The biggest markets in Europe, include France, Germany, Italy, Spain, and the United Kingdom (UK), followed by the rest of Europe.
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