The Global Blood Glucose Monitoring System Market is expected to rise from its initial estimated value of USD 13.9 billion in 2018 to an estimated value of USD 22.3 billion by 2026, registering a CAGR of 6.0% in the forecast period of 2019-2026 due to the rising diabetic population and increasing prevalence of innovative testing methods.
Few of the major competitors currently working in the blood glucose monitoring system market are Medtronic, Abbott, F. Hoffmann-La Roche Ltd, Johnson & Johnson Services Inc., PHC Holdings Corporation, Dexcom Inc., Ypsomed, B. Braun Melsungen AG, NIPRO, Sanofi, ARKRAY Inc., Prodigy Diabetes Care LLC., ACON Laboratories Inc., Nova Biomedical, Bayer AG, BD, Roper Technologies Inc., TERUMO CORPORATION, and Novo Nordisk A/S.
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Blood Glucose Monitoring System Market business research report provides data and information about the scenario of ABC industry which makes it uncomplicated to be ahead of the competition in today’s speedily changing business environment. This market document is great source to not only accomplish insights into revenue growth and sustainability initiative but also to know the businesses with most-detailed market segmentation in the industry. An array of objectives of the marketing research has been taken into account to generate this best market research report. Global Blood Glucose Monitoring System market report is all-encompassing and object-oriented that has been planned with the grouping of an admirable industry experience, inventive solutions, industry insight and most modern tools and technologies.
Market Definition: Global Blood Glucose Monitoring System Market
Blood glucose monitoring systems are diagnostics systems that are very important for the care and treatment of diabetes, it is used to measure and monitor the levels of blood sugar in the patients. With the rising prevalence of diabetes and diabetic population across the regions, the importance of blood glucose monitoring system’s demand is very high. These systems usually take blood samples, but with rising innovation and advancements in technology, even blood testing is considered traditional and sensors are deployed for continuous monitoring.
Segmentation: Global Blood Glucose Monitoring System Market
Blood Glucose Monitoring System Market : By Product
Blood Glucose Monitoring System Market : By Testing Site
- Alternate Site
Blood Glucose Monitoring System Market : By Patient Care Setting
- Self/Home Care
Blood Glucose Monitoring System Market : By Application
- Type 2 Diabetes
- Type 1 Diabetes
- Gestational Diabetes
Blood Glucose Monitoring System Market : By Geography
- North America
- South America
- Middle East and Africa
Blood Glucose Monitoring System Market Drivers:
- Increasing levels of diabetic population across the world is expected to drive the market growth
- Innovation and advancements in these systems is also expected to drive the market growth
Key Developments in the Blood Glucose Monitoring System Market:
- In March, 2018 Medtronic received FDA approval for its continuous glucose monitoring system in people with diabetes aged between 14-75 years, called Guardian Connect.
- In September, 2017 Abbott received approval from FDA for FreeStyle Libre Flash its revolutionary blood glucose monitoring device that didn’t require finger pricking, instead it required a sensor to be worn underneath the skin that could be used for 10 days and for continuous monitoring.
Competitive Analysis: Global Blood Glucose Monitoring System Market
The global blood glucose monitoring system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of blood glucose monitoring system Market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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