Global Glucose Sensors Market
Glucose sensors are inserted into the skin in order to measure glucose (sugar) levels in the body. These sensors are connected wirelessly to a particular continuous glucose monitoring system. They offer data to the monitoring system or smart compatible devices that aid in tracking the blood glucose level of the patient at regular intervals.
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Global Glucose Sensors Market Drivers
Increasing number of pipeline studies to develop new glucose sensors is expected to boost the glucose sensor market growth. For instance, in April 2018, University of California San Diego, in collaboration with National Institutes of Health (NIH), initiated the clinical study for adhesive glucose sensor to measure sweat glucose of patients with diabetes. The main aim of this clinical study is to explore the accuracy and acceptability of a non-invasive, wearable glucose sensor in patients living with Diabetes Mellitus. The study was completed by June 2019.
Moreover, new product launches for measuring blood glucose levels is also expected to contribute to the growth of the glucose sensor market size. For instance, in December 2018, Nemaura Medical Inc., a medical technology company developing sugarBEAT, signed licensing and distribution agreement with Doha-based Al-Danah Medical Co. to commercially launch sugarBEAT in Qatar by 2019. For the record, sugarBEAT is the first painless, non-invasive continuous glucose monitor (CGM) for use by diabetic and pre-diabetic patients.
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Global Glucose Sensors Market – Regional Analysis
North America is expected to witness substantial growth in the global glucose sensors market, owing to the presence of the major market players, coupled with the introduction of new products in this region. For instance, in July 2018, Abbott Laboratories received the U.S. Food and Drug Administration (FDA) approval for its FreeStyle Libre 14 day Flash Glucose Monitoring System. The system allows a diabetic patient to wear the sensor up to 14 days and offers results with high accuracy. It is the first continuous glucose monitoring system that can be used by diabetic patients to take diabetes treatment decisions without using a blood sample from the fingertip. The systems eliminates the need for fingerstick testing by using a small sensor wire inserted below the skin’s surface.
Furthermore, the Asia Pacific glucose sensors market is expected to witness significant growth over the forecast period, owing to increasing diabetes healthcare spending in the region. For instance, according to the International Diabetes Federation’ (IDF) estimates, in 2017, diabetic healthcare spending in Asia Pacific was evaluated to be US$ 241 million.
Global Glucose Sensors Market – Leading Players
The renowned players operating in the global glucose sensors market include Abbott Diagnostics, Pinnacle Technologies, Inc., 77 Elektronika KFT, Sanofi-Deutschland GmbH, Life Scan (Johnson and Johnson Company), Universal Biosensors, Diamontech GmbH, Medical Wireless Sensing Ltd, Medtronic MiniMed, Inc. Bayer Healthcare, DexCom Inc., Nova Biomedical Corporation, Terumo Europe NV, Arkay, Inc., and Roche Diagnostics.
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By Product Type,
- Optical Sensors
- Transdermal Sensors
- Intravenous Implantable
- Micro dialysis
- Subcutaneous Sensor
- Minimally Invasive
- Micro Pore/ Micro Needles
- Raman Spectroscopy
- (Near) Infrared Spectroscopy
- MIR Spectroscopy
- Impedance Spectroscopy
- Photo-Acoustic Spectroscopy
- Optical Coherence Tomography
- Skin Suction Blister Technique
- Reverse Iontophoresis
By End User,
- Home Care Settings
- North America
- Asia Pacific
- Latin America
- Middle East
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