What is more, the market research data of Glucose Sensors Market report is interpreted by using established and advanced tools such as SWOT analysis and Porter’s Five Forces Analysis. The key areas covered in the report are market definition, market segmentation, competitive analysis and research methodology. This market report also provides the list of major competitors along with the strategic insights and analysis of the key factors influencing the Healthcare industry. For a booming business, it is quite necessary to get knowledgeable about consumer’s demands, preferences, attitudes and their varying tastes about the particular product. And this Glucose Sensors Market report is right there to solve this purpose comprehensively.
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Global glucose sensors market is set to witness a healthy CAGR of 19.4% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. The rise in the market value can be attributed to increasing cases of diabetes, and rising awareness, increasing geriatric population and increasing use of CGM devices.
Some of the major players operating in global glucose sensors market are AstraZeneca, BD, Eli Lilly and Company, Biocon, Sanofi, Smiths Group plc., Wockhardt Limited, Novo Nordisk A/S, Nipro, InjexUK, Bristol-Myers Squibb Company, F. Hoffmann-La Roche Ltd., Ypsomed, Mannkind Coroporation, Arkray, B. Braun Melsungen AG, Dexcom, Inc., Sannuo biosensor Ltd. and Bio-Rad Laboratories, Inc. among others.
Market Definition: Global Glucose Sensors Market
Glucose sensors are compressed analytical device or an element, integrating a biological or biologically derivative sensitive recognition section combined with physiochemical transducer. These sensors are important for oral glucose lowering medication or insulin treatment to deliver data of glucose concentrations in body. These sensors are pretty effective in monitoring the glucose level in human body.
According to the International Diabetes Federation, in 2017, diabetes caused 4 million deaths in which around 425 million adults were living with diabetes and this number will rise to 629 million by 2045. The number of adults with diabetes who are living in low- and middle-income countries is around 79%. Large numbers of people suffering from diabetes are in between 40 and 59 years of age.
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Segmentation: Global Glucose Sensors Market
Glucose Sensor Market : By Product
- Invasive Glucose Monitoring
- Non Invasive Glucose Monitoring
- Lab Based Glucose Monitoring
- Self-Glucose Monitoring
Glucose Sensor Market : By Technology
- Photo Acoustic Spectroscopy
- Optical Coherence Tomography
- MIR Spectroscopy
- NIR Spectroscopy
- Impedance Spectroscopy
- Skin Suction Blister Technique
- Reverse Iontophoresis
Glucose Sensor Market : By Component
- Transmitters & Receivers
- Integrated Insulin Pumps
Market Drivers : Global Glucose Sensors Market
- Rising number of diabetes patients is driving the market growth
- Increase in research and development investments is accelerating the market growth
- Accurate and precise data of the sensor is acting as a catalyst in market growth
- Growing healthcare expenditure is increasing the market growth
- Growing geriatric population is enhancing the market growth
Glucose Sensors Market Restraints
- Strict rules and high cost of the sensors is hampering the market growth
- Emerging Economies is hindering the market growth
Key Developments in the Glucose Sensors Market:
- In June 2019, Nemaura Medical has received European approval to use needleless continuous glucose monitor on diabetic patients. This monitor was named as sugarBEAT. This device is paired with a smartphone app displaying glucose readings every five minutes. This approval would present a convenient alternate to the traditional methods used to monitor blood glucose to the patients
- In March 2018, Medtronic plc announced that it has received U.S. Food and Drug Administration (FDA) approval for its Guardian Connect continuous glucose monitoring (CGM) system. It is the first smart standalone CGM system which assists people with diabetes to protect them from high and low glucose events. This system would encourage people using multiple daily injections to control their diabetes
Glucose Sensors Market : Competitive Analysis
Global glucose sensors 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 glucose sensors market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Features mentioned in the report
- Changing market dynamics of the industry
- To get a comprehensive overview of the Glucose Sensors market.
- Historical, current and projected market size in terms of volume and value
- In-depth market segmentation
- Competitive landscape of Glucose Sensors Market
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