Blood Glucose Monitoring System Market Size | Is Projected to Grow USD 28.89 Billion in 2028 at a CAGR of 10.5%

Top Players Covered in the Blood Glucose Monitoring System Market Research Report Are Abbott (Lake Bluff, U.S.), B. Braun Melsungen AG (Melsungen, Germany), Dexcom, Inc. (San Diego, U.S.), Ascensia Diabetes Care Holdings AG (Basel, Switzerland), Medtronic (Dublin, Ireland), F. Hoffmann-La Roche Ltd (Basel, Switzerland), Terumo Corporation (Tokyo, Japan), LifeScan, Inc. (Malvern, U.S.), Senseonics, Inc. (Germantown, U.S.) and other key market players.

Pune, India, Aug. 16, 2021 (GLOBE NEWSWIRE) — The global Blood Glucose Monitoring System Market is set to gain impetus from the emergence of innovative technologies, such as continuous BGM systems that provide numerous advantages, such as real-time monitoring.  Abbott, for instance, mentioned that its new device FreeStyle Libre was used by 3.00 million people in 2020 and 2.50 million in 2019.

This information is given by Fortune Business Insights™ in a report, titled, “Blood Glucose Monitoring System Market, 2021-2028.” As per the report, the market size was USD 13.45 billion in 2020. It is projected to grow from USD 14.39 billion in 2021 to USD 28.89 billion in 2028 at a CAGR of 10.5% in the forecast period.

Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/blood-glucose-monitoring-market-100648

Segments-

CGM Segment to Grow Steadily Stoked by Ability to Monitor Patients Regularly

By device, the market is bifurcated into self monitoring blood glucose (SMBG) system  segment and continuous blood glucose monitoring (CGM) system  segment. Out of these, the latter is set to grow steadily because of their surging adoption in emerging and developed countries worldwide. They can easily monitor patients’ blood glucose level regularly. 

COVID-19 Pandemic: Surging Usage of These Devices to Accelerate Growth

The outbreak of the COVID-19 pandemic has affected the blood glucose monitoring system market positively because of the rising risk of transmission among diabetic patients. Abbott exhibited a surge of 59.3% during the Q1 2020 in terms of FreeStyle Libre sales. Also, the pandemic has compelled healthcare organizations to keep CGM in hospitals to monitor patients constantly.  

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/blood-glucose-monitoring-market-100648

Report Coverage-

Our in-depth research reports offer a comprehensive coverage of this industry, ensuring a deep and holistic understanding of the market. It also offers granular and actionable data. We strive to ensure that you receive the best strategies for increasing sales of your products. Our key mission is service orientation. We also conduct primary and secondary research to track the latest innovations, regulatory developments, and competitive landscape.

Drivers & Restraints-

Rising Urbanization and Sedentary Lifestyles to Boost Growth

People are nowadays shifting towards sedentary lifestyles because of the rapid urbanization across the globe, especially in developing nations. Hence, the prevalence of diabetes is also rising at a fast pace. The International Diabetes Federation (IDF), for instance, mentioned that in 2019, there were approximately 463 million adults living with diabetes. This number is estimated to reach 700 million by 2045. Therefore, the demand for these monitoring systems is expected to grow in the near future. However, in emerging economies, the lower adoption of these devices and the presence of a huge undiagnosed diabetes population may hamper the blood glucose monitoring system market growth.

Quick Buy –  Blood Glucose Monitoring System Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100648

Regional Insights-

North America Stood at USD 5.66 Billion in 2020: Fortune Business Insights™

Geographically, North America generated USD 5.66 billion in terms of revenue in 2020. This growth is attributable to the increasing per capita healthcare expenditure and rising usage of innovative blood glucose monitoring systems in the region. Europe, on the other hand, is likely to showcase a significant CAGR on account of the urgent need to monitor diabetic patients regularly.

Competitive Landscape-

Key Players Focus on Product Launches and Fast-track Approvals to Compete with Rivals

The global market contains a large number of reputed companies. Most of them are majorly focusing on introducing new products featuring cutting-edge technologies. A few others are trying to win approvals from regulatory bodies to distribute their products in the market. Below are the two industry developments:

• March 2021: Roche Diabetes Care launched its latest Accu-Chek® Instant system for supporting iPDM. It would enable patients to wirelessly connect with the mySugr® app via Bluetooth to gain access to their blood glucose results.
• September 2020: Abbott bagged the Conformité Européenne (CE) Mark for the FreeStyle Libre 3 system. It can now be used by patients suffering from diabetes to get real-time and continuous glucose readings directly on their smartphones in Europe.

Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/blood-glucose-monitoring-market-100648

A list of prominent blood glucose monitoring system manufacturers in the global market:

• Abbott (Lake Bluff, U.S.)
• B. Braun Melsungen AG (Melsungen, Germany)
• Dexcom, Inc. (San Diego, U.S.)
• Ascensia Diabetes Care Holdings AG (Basel, Switzerland)
• Medtronic (Dublin, Ireland)
• F. Hoffmann-La Roche Ltd (Basel, Switzerland)
• Terumo Corporation (Tokyo, Japan)
• LifeScan, Inc. (Malvern, U.S.)
• Senseonics, Inc. (Germantown, U.S.)
• Other Players

Table of Contents

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Prevalence of Type 1 and Type 2 Diabetes Patients (2017-2028), For Key Countries
  • Penetration of Blood Glucose Monitoring Among Diabetes Patients (2020), For Key Countries
  • Regulatory/Reimbursement Overview, For Key Countries
  • Technology Advancements in Blood Glucose Monitoring Systems
  • New Product Launches, By Key Players
  • Key Industry Trends
  • Impact of COVID-19 on the Blood Glucose Monitoring System Market
  • Key Industry Developments – Mergers, Acquisition, Etc.
• Global Blood Glucose Monitoring System Market Analysis, Insights and Forecast, 2017-2028
  • Key Findings / Summary
  • Market Analysis, Insights and Forecast – By Device

• • • Continuous Glucose Monitoring (CGM) System

• • Market Analysis, Insights and Forecast – By Modality
  • • Self-Monitoring Blood Glucose (SMBG) System

• • • Wearable
    • Non-wearable
  • Market Analysis, Insights and Forecast – By Type
    • Non-invasive
    • Invasive
  • Market Analysis, Insights and Forecast – By Patient Type
    • Type-1 Diabetes
    • Type-2 Diabetes

• • Market Analysis, Insights and Forecast – By Distribution Channel

• • • Institutional Sales

• North America Blood Glucose Monitoring System Market Analysis, Insights and Forecast, 2017-2028
  • Key Findings / Summary
  • Market Analysis, Insights and Forecast – By Device
• • Market Analysis, Insights and Forecast – By Region
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World
  • • Retail Sales

• • • Continuous Glucose Monitoring (CGM) System

• • Market Analysis, Insights and Forecast – By Modality
  • • Self-Monitoring Blood Glucose (SMBG) System

• • • Wearable
    • Non-wearable
  • Market Analysis, Insights and Forecast – By Type
    • Non-invasive
    • Invasive
  • Market Analysis, Insights and Forecast – By Patient Type
    • Type-1 Diabetes
    • Type-2 Diabetes

• • Market Analysis, Insights and Forecast – By Distribution Channel

• • • Institutional Sales

• U.S. Blood Glucose Monitoring System Market Analysis, Insights and Forecast, 2017-2028
  • Key Findings / Summary
  • Market Analysis, Insights and Forecast – By Device
• • Market Analysis, Insights and Forecast – By Country
    • U.S.
    • Canada
  • • Retail Sales

• • • Continuous Glucose Monitoring (CGM) System

• • Market Analysis, Insights and Forecast – By Modality
  • • Self-Monitoring Blood Glucose (SMBG) System  

• • • Wearable
    • Non-wearable
  • Market Analysis, Insights and Forecast – By Type
    • Non-invasive
    • Invasive
  • Market Analysis, Insights and Forecast – By Patient Type
    • Type-1 Diabetes
    • Type-2 Diabetes

• • Market Analysis, Insights and Forecast – By Distribution Channel

• • • Institutional Sales

• Canada Blood Glucose Monitoring System Market Analysis, Insights and Forecast, 2017-2028
  • Key Findings / Summary
  • Market Analysis, Insights and Forecast – By Device
• • • Retail Sales

• • • Continuous Glucose Monitoring (CGM) System

• • Market Analysis, Insights and Forecast – By Modality
  • • Self-Monitoring Blood Glucose (SMBG) System

• • • Wearable
    • Non-wearable
  • Market Analysis, Insights and Forecast – By Type
    • Non-invasive
    • Invasive
  • Market Analysis, Insights and Forecast – By Patient Type
    • Type-1 Diabetes
    • Type-2 Diabetes

• • Market Analysis, Insights and Forecast – By Distribution Channel

• • • Institutional Sales

• • • Retail Sales

Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/blood-glucose-monitoring-market-100648

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.

Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs

Press Release: https://www.fortunebusinessinsights.com/press-release/blood-glucose-monitoring-market-9323